2. Nonconcessional Financial Operations
Author: International Monetary Fund. Finance Dept.
Language:
English
Keywords:
IMF resource; IMF lending; member country; IMF staff; IMF credit; IMF member; Currencies; Debt relief; Credit; Personal income; Freely usable currencies; Global; Africa; Middle East and Central Asia; West Africa; Asia and Pacific; financial support; IMF quota; quota resource; IMF position; IMF arrangement; Balance of payments need; Reserve assets; Gold

Abstract

The IMF resources are held in the General Department, which consists of three separate accounts: the General Resources Account (GRA), the Special Disbursement Account (SDA), and the Investment Account (IA). The GRA is the principal account of the IMF and handles by far the largest share of transactions between the IMF and its members. The GRA can best be described as a pool of currencies and reserve assets largely built from members’ fully paid capital subscriptions in the form of quotas (Box 2.1).

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Cover IMF Financial Operations 2014
IMF Financial Operations 2014
Author: International Monetary Fund. Finance Dept.
ISBN:
9781484318928
ISSN:
0538-8759
Publication Date:
07 Oct 2014
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484318928.071
Pages:
160