Selected Decisions and Selected Documents of the IMF, Thirty- Sixth Issue -- Facilitating Mobilization of Loan Resources for Concessional Lending to Low-Income CountriesPrepared by the Legal Department of the IMF
As updated as of December 31, 2011
|ARTICLE V, SECTION 2(b)|
|Technical and Financial Services|
1. In the Instrument to establish the Poverty Reduction and Growth Trust (PRGT Instrument) that is annexed to Decision No. 8759-(87/176) PRGT, adopted December 18, 1987, as amended, Section I, paragraph 4, Section III, Section IV, paragraphs 5(d) and 6(b)(i), Section V, and Section VI shall be amended to read as set forth in Attachment I of SM/10/46, Supplement 1 (4/15/10).1
2. The Executive Board notes the form Note Purchase Agreement (NPA) set forth in Attachment II of this decision, and endorses it as the basis for NPAs that may be entered into by the Managing Director pursuant to the authority set forth in Section III, paragraph 2 of the PRGT Instrument following the effectiveness of the amendments set forth in paragraph 1 of this decision. The notes issued pursuant to such NPAs shall have terms and conditions that are substantially in the form of those included in the form General Terms and Conditions for PRGT Notes set forth in Attachment III of this decision.2
3. The amendments of the PRGT Instrument set forth in paragraph 1 of this decision shall become effective when all current lenders to the Loan Accounts of the PRGT have consented to these amendments.3 (SM/10/46, Sup. 1, 4/15/10)
2 Ed. Note: Attachments II and III referred to in paragraph 2 are not included in this volume.
3 Ed. Note: The relevant amendments became effective on June 1, 2010.