Review of the Fund's Strategy on Overdue Financial Obligations

Review of the Fund's Strategy on Overdue Financial Obligations
Author :
Publisher : International Monetary Fund
Total Pages : 28
Release :
ISBN-10 : 9781498333429
ISBN-13 : 1498333427
Rating : 4/5 (29 Downloads)

Book Synopsis Review of the Fund's Strategy on Overdue Financial Obligations by : International Monetary Fund

Download or read book Review of the Fund's Strategy on Overdue Financial Obligations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-08-22 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an annual review of progress under the Fund’s strengthened cooperative strategy on overdue financial obligations and proposes to extend the availability of the rights approach by another year, to end-August 2008. The rights approach could provide a useful mechanism for arrears clearance for the remaining eligible members, depending on their specific circumstances. A draft decision to this effect is provided in Section V.


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This paper reviews progress under the IMF's strengthened cooperative strategy on overdue financial obligations. Total arrears to the Fund declined by SDR 11 mil