Review of the Fund's Strategy on Overdue Financial Obligations

Date: August 17, 2010
Electronic Access: Full Text

Summary:This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations falling due, and a decrease in Somalia’s arrears resulted from the full settlement of its overdue obligations to the SDR Department in the context of the general SDR allocation in August 2009.

Series : Policy Paper
Subject(s): Overdue obligations | Somalia | Sudan | Zimbabwe | Rights accumulation program | Cooperation with Fund | Allocation of SDRs | Executive Board decisions | Lapse of time approval