Selected Decisions and Selected Documents of the IMF, Thirty- Sixth Issue -- Review of the Fund’s Income Position for FY 2011 and FY 2012—Placement of FY 2011 Net Income of the General Resources Account to the Special Reserve and the General Reserve

Prepared by the Legal Department of the IMF
As updated as of December 31, 2011

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ARTICLE XII, SECTION 6
Reserves, Distribution of Net Income, and Investment

REVIEW OF THE FUND’S INCOME POSITION FOR FY 2011 AND FY 2012—PLACEMENT OF FY 2011 NET INCOME OF THE GENERAL RESOURCES ACCOUNT TO THE SPECIAL RESERVE AND THE GENERAL RESERVE

The net income of the General Resources Account for FY 2011 other than net income from surcharges shall be placed to the Fund’s Special Reserve and General Reserve as follows: Net income not attributable to gold profits shall be placed to the Fund’s Special Reserve. Of the net income attributable to gold profits an amount of SDR 650 million shall be placed to the Fund’s Special Reserve, and an amount of SDR 2,450 million shall be placed to the General Reserve. (EBS/11/53, 04/07/11)

Decision No. 14898-(11/37),
April 20, 2011

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