Article V, Section 7: Repurchases
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
02 May 2007
Keywords:
SELD; capital transfer; decision No. 1238; signature authority decision; Japanese yen; amount of SDR; Currencies; Credit; Loans; Poverty reduction strategy; Arrears; Global; Africa; West Africa; repurchase maturity; quarterly repurchase; expectation of repurchase; member's repurchase obligation; member's repurchase; Reserve assets; Reserve positions

Abstract

Members that make purchases in the General Resources Account are expected normally to repurchase as their balance of payments and reserve position improves. The Fund affirms the continued need for this general policy on early repurchase under the first sentence of Article V, Section 7(b) following the introduction in November 2000 of time-based repurchase expectations for purchases in the credit tranches and under the Extended Fund Facility and the Compensatory Financing Facility. The Fund encourages members to make voluntary advance repurchases in lieu of or in addition to early repurchases under this general policy.

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Cover Selected Decisions 31st Issue 2006 (Without the Cd's)
Selected Decisions 31st Issue 2006 (Without the Cd's)
Thirty-First Issue
ISBN:
9781451942552
ISSN:
1087-4275
Publication Date:
02 May 2007
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781451942552.014
Pages:
934
Front Matter
Selected Decisions and Selected Documents of the International Monetary Fund
Article III: Quotas and Subscriptions
Article IV: Exchange Arrangements and Surveillance
Article V, Section 2(b): Technical and Financial Services
Article V, Section 3(a), (b), and (c): Use of Fund’s Resources
Article V, Section 3(d) and (f): Media of Payment
Article V, Section 5: Ineligibility to Use the Fund’s General Resources
Article V, Section 6: Sales of SDRs by the Fund
Article V, Sections 8 and 9: Charges and Remuneration
Article V, Sections 10 and 11: Rates for Computations and Maintenance of Value
Article V, Section 12(f): Special Disbursement Account1
Article VI, Section 1: Use of Fund’s Resources for Capital Transfers
Article VI, Section 3: Controls on Capital Transfers
Article VII: Borrowing
Article VIII, Section 2(b): Unenforceability of Exchange Contracts
Article VIII and Article XIV: Payments Restrictions
Article VIII, Section 5: Furnishing of Information1
Article IX, Section 5: Archives
Article IX, Section 7: Privilege for Communications
Article IX, Section 8: Immunities and Privileges of Officers and Employees
Article X: Relations with Other International Organizations
Article XII, Section 3: Executive Directors
Article XII, Section 4: Managing Director and Staff
Article XII, Section 6: Reserves, Distribution of Net Income, and Investment
Article XII, Section 7: Publication of Reports
Article XIV: Restrictions on Payments and Transfers: Withdrawal
Article XV, Section 2: Valuation of the Special Drawing Right
Article XVII, Section 3: Special Drawing Rights: Other Holders
Article XVIII, Section 2: Allocation of Special Drawing Rights
Article XIX, Section 2: Special Drawing Rights: Additional Uses
Article XIX, Section 5: Designation of Participants to Provide Currency
Article XIX, Section 6: Reconstitution
Article XX, Section 2: Charges
Article XXVI: Remedial Measures on Overdue Financial Obligations to the Fund
Article XXX(c): Calculation of Reserve Tranche: Exclusion of Purchases and Holdings
Article XXX(f): Freely Usable Currencies
General: Trust Fund
Other Selected Resolutions and Related Documents
Selected Documents Relating to the Fund, the United Nations, and Other International Organizations
Back Matter