Abstract

1. Subsidy payments shall be made to the beneficiaries listed in Table 2 of EBS/83/94, on the average daily balances of the Fund’s holdings of each member’s currency subject to charges that were outstanding under the 1975 oil facility (Executive Board Decision No. 4634-(75/47), as amended), and eligible for subsidy for the period from May 1, 1982 to May 11, 1983, at the rate of 5 percent per annum.

Subsidy Account

Oil Facility: Subsidy Account—Final Review

1. Subsidy payments shall be made to the beneficiaries listed in Table 2 of EBS/83/94, on the average daily balances of the Fund’s holdings of each member’s currency subject to charges that were outstanding under the 1975 oil facility (Executive Board Decision No. 4634-(75/47), as amended), and eligible for subsidy for the period from May 1, 1982 to May 11, 1983, at the rate of 5 percent per annum.

2. The payments shall be made in U.S. dollars on June 15, 1983, to the beneficiaries that have paid the charges due as of the end of April 1983, in connection with the 1975 oil facility.

3. No charge shall be levied for the services rendered by the Fund in the administration and operation of the subsidy account.

Decision No. 7420-(83/82)

June 8, 1983

Oil Facility: Subsidy Account—Final Report on Termination

1. Subsidy payments shall be made to the beneficiaries listed in Table 1 of EBS/83/94, Supplement 3, on the Fund’s holdings of each member’s currency subject to charges that were outstanding under the 1975 oil facility and eligible for subsidy for the period May 1, 1975 to May 11, 1983 at a rate (approximately 0.32 percent) that will fully utilize the remaining resources of the account.

2. These payments shall be made in U.S. dollars as soon as practicable after all charges due at the end of July 1983 in connection with the oil facility have been paid.

3. No charge shall be levied for the services rendered by the Fund in the administration, operation, and termination of the account.

4. After disbursement of subsidy payments under paragraph 2 above, the subsidy account shall be considered terminated.

Decision No. 7484-(83/117)

August 2, 1983

Supplementary Financing Facility: Subsidy Account—Subsidy Payments for the Period July 1, 1982 Through June 30, 1983

1. Subsidy payments shall be made with respect to charges paid on holdings of currency referred to in Section 7 of the Instrument for the period July 1, 1982 through June 30, 1983 in the amounts indicated, which are the maximum rates permitted under Sections 9 and 10 of the Instrument, to each of the beneficiaries as listed in Table 2 of EBS/83/205 [and] Correction 1.

2. These subsidy payments shall be made in U.S. dollars on September 29, 1983 on the basis of the SDR-U.S. dollar exchange rate in effect on September 26, 1983 or as soon thereafter as any overdue charges on balances eligible for subsidy are paid.

Decision No. 7538-(83/145) SBS

September 23, 1983