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Framework Administered Account for Selected Fund Activities—European Commission Subaccount for Selected Fund Activities
Author:
International Monetary Fund
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Series:
Policy Papers
Volume/Issue:
Volume 2009: Issue 086
Language:
English
Publication Date:
11 Nov 2009
DOI:
https://doi.org/10.5089/9781498335256.007
ISBN:
9781498335256
ISSN:
2663-3493
Pages:
3
Keywords:
PP; Subaccount; fund member; agreement; framework agreement; terms and conditions; activities-European Commission Subaccount; terms and conditions of the Subaccount; paper requests executive board approval; Anti-money laundering and combating the financing of terrorism (AML/CFT); Central America; West Africa; East Africa
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The Fund, represented by the Managing Director, has reached understandings with the European Commission (EC), to finance capacity building (technical assistance and training) and related activities. On the basis of these understandings, the Managing Director and EC President Barroso signed a framework agreement on January 12, 2009. The provisions of the framework agreement serve as the essential terms and conditions of the Subaccount with respect to the nature, design, and implementation of the activities to be financed and the method by which the costs of the activities will be financed from the Subaccount.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund