General: Trust Fund

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General: Trust Fund

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International Monetary Fund

International Monetary Fund
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Language:: English

Print Publication Date:: 30 Apr 1989

Keywords:: SELD; allocations of special drawing rights; decision No. 1238; capital transfer; rind's resource; SDR equivalent; Currencies; Multiple currency practices; Loans; Credit; Reserve positions; Global; Caribbean; West Africa

Abstract

1. The Executive Directors of the International Monetary Fund (the “Fund”) adopt the Instrument to Establish the Trust Fund (the “Instrument”) that is annexed to this Decision.

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Selected Decisions (14th Ed)

Author:

International Monetary Fund

ISBN:: 9781451970821

ISSN:: 1087-4275

Publication Date:: 30 Apr 1989

Publisher:: International Monetary Fund

DOI:: https://doi.org/10.5089/9781451970821.014

Pages:: 566

Front Matter

Back Matter

Abstract
Instrument to Establish the Trust Fund
- Introductory Section
Section I. Purposes and Resources of the Trust
- Paragraph 1. Purposes
- Paragraph 2. Resources
Section II. Operations of the Trust
- Paragraph 1. Form of balance of payments assistance
- Paragraph 2. Eligible members
- Paragraph 3. Conditions for assistance
- Paragraph 4. Terms and conditions of loans from the Trust
- Paragraph 5. Amounts available for disbursement
Section III. Administration of the Trust
- Paragraph 1. Trustee
- Paragraph 2. Separation of assets and accounts
- Paragraph 3. Reimbursement of expenses
- Paragraph 4. Investment and other operations and transactions
Section IV. Annual Report and Modifications
- Paragraph 1. Modifications
- Paragraph 2. Report
Section V. Period of Operation and Liquidation
- Paragraph 1. Period of operation
- Paragraph 2. Liquidation
Section VI. Other Activities of the Trust
Review of Instrument to Establish the Trust Fund and List of Eligible Members
Trust Fund: Diversification of Investments
- (a) Amendment of Section III, Paragraph 4(a) of the Trust Instrument
- (b) Diversification of Trust Fund Investments
Distribution to Developing Countries of Profits from Gold Sales: Authority to Distribute Profits Through Trust Fund
Trust Fund: Procedures for Final Payments of Profits and Loans for the Period July 1, 1976 to June 30, 1978
Trust Fund: Second Period
- (a) Timing of Loan Disbursements
- (b) Extension of Period for Qualification
- (c) Extension of Second Period
Trust Fund: Extension of Second Period
Trust Fund: Means of Payment of Interest by Members on Their Indebtedness Under Loan Agreements
Trust Fund: Means of Repayment by Members on Their Indebtedness Under Loan Agreements
Trust Fund: Special Charges on Overdue Financial Obligations
- I. Overdue Repurchases *
- II. Overdue Charges in the General Resources Account*
- III. Overdue Interest and Repayments on Trust Fund Loans
- IV. Waiver of Special Charges
- V. Notification and Payment of Special Charges
- VI. Entry into Effect and Review
Trust Fund: Final Direct Distribution of Profits
Trust Fund: Termination and Transfer of Resources to Special Disbursement Account
Terms of Repayment of Final Loan Disbursement and Amendment of Trust Instrument
Subsidy Account
Supplementary Financing Facility: Subsidy Account—Instrument
- Section 1. Purpose
- Section 2. Resources
- Section 3. Donations
- Section 4. Amounts Transferred from Special Disbursement Account
- Section 5. Borrowing
- Section 6. Investment
- Section 7. Authorized Subsidy
- Section 8. Eligible Members
- Section 9. Calculation and Payment of the Subsidy
- Section 10. Amount of Subsidy
- Section 11. Administration of the Account
- Section 12. Separation of Assets
- Section 13. Exchange of Resources
- Section 14. Authorized Investments
- Section 15. Administrative Expenses
- Section 16. Accounts, Audit and Reports
- Section 17. Amendment
- Section 18. Termination Arrangements
Supplementary Financing Facility: Subsidy Account—Investment
Supplementary Financing Facility: Subsidy Account—Suspension of Transfers and Re-transfer of Surplus
Supplementary Financing Facility: Subsidy Account—Means of Subsidy Payments
Supplementary Financing Facility: Subsidy Account—Subsidy Payments for the Period July 1, 1983 Through June 30, 1984
Supplementary Financing Facility: Subsidy Account—Subsidy Payments for the Period July 1, 1984 Through June 30, 1985
Supplementary Financing Facility: Subsidy Account—Subsidy Payments for July 1, 1985 Through June 30, 1986
Supplementary Financing Facility: Subsidy Account—Disbursement of Additional Subsidy Amounts for the Twelve-Month Period Ended June 30, 1986
Supplementary Financing Facility: Subsidy Account—Additional Subsidy Payments for July 1, 1985 Through June 30, 1986 and Subsidy Payments for July 1, 1986 Through June 30, 1987
Supplementary Financing Facility: Subsidy Account—Additional Subsidy Payments for May 1, 1987 Through June 30, 1987, and Subsidy Payments for July 1, 1987 Through June 30, 1988
Oil Facility: Subsidy Account
Oil Facility: Subsidy Account—Final Review
Oil Facility: Subsidy Account—Final Report on Termination

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