Framework Administered Account for Selected Fund Activities-The Socialist People's Libyan Arab Jamahiriya Subaccount for Selected Fund Activities

Date: November 11, 2009
Electronic Access: Full Text

Summary:The Fund, represented by the Managing Director, has reached understandings with Libya acting through the Central Bank of Libya (“Libya”), to finance capacity building (technical assistance and training) and related activities. On the basis of these understandings, the Managing Director has established the essential terms and conditions of the Subaccount, with which The Socialist People’s Libyan Arab Jamahiriya concurs, 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.

Series : Policy Paper
Subject(s): Administered accounts | Libyan Arab Jamahiriya | External financing | Financial instruments | Executive Board decisions | Lapse of time approval