Selected Decisions and Selected Documents of the IMF, Thirty- Third Issue -- Establishment of General Policy to Condition Waiver Decisions Under the Poverty Reduction and Growth Facility on Accuracy of Information Regarding Performance Criteria
Prepared by the Legal Department of the IMFAs updated with decisions adopted during the first quarter of 2009 (posted July 2009)
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| ARTICLE V, SECTION 2(b) | ||||
| Technical and Financial Services | ||||
| Financial Services | ||||
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ESTABLISHMENT OF GENERAL POLICY TO CONDITION WAIVER DECISIONS UNDER THE POVERTY REDUCTION AND GROWTH FACILITY ON ACCURACY OF INFORMATION REGARDING PERFORMANCE CRITERIA Any decision granting a waiver for the nonobservance of a performance criterion under an arrangement under the Poverty Reduction and Growth Facility will be made conditional upon the accuracy of data or other information provided by the member to assess observance of the performance criterion in question. Any decision waiving the applicability of a performance criterion under an arrangement under the Poverty Reduction and Growth Facility will be made conditional upon (i) the accuracy of the member's representation that the information necessary to assess observance of the relevant performance criterion is unavailable, and (ii) the accuracy of data provided by the member to assess observance of the same performance criterion for a preceding period (if applicable for that period). Decision No. 12254-(00/77), | ||||
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