Framework Administered Account for Selected Fund Activities—East Africa Regional Technical Assistance Center (AFRITAC East) Subaccount
Policy Papers, September 17, 2009
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Bibliographic details
- Published: September 17, 2009
- Series: Policy Papers
Background
- In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the “SFA Instrument”).
- Financing under the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA.
Proposal
- Request for Executive Board approval to establish the AFRITAC East subaccount under the terms of the SFA Instrument.
- The AFRITAC East subaccount would be the third subaccount under the SFA.
Key facts and metadata
- Publication date: September 17, 2009
- Subject tags as provided: Administered accounts; African Regional Technical Assistance Center; East Africa; Executive Board decisions; Financial instruments; Lapse of time approval; Technical Assistance
Implications and purpose
- Establishing the AFRITAC East subaccount would enable the Fund to administer external financial resources specifically for East Africa regional technical assistance activities under the SFA Instrument.
- The request to the Executive Board is procedural, seeking approval to operationalize the AFRITAC East subaccount within the existing SFA framework.
Framework Administered Account for Selected Fund Activities—East Africa Regional Technical Assistance Center (AFRITAC East) Subaccount, September 17, 2009