## Framework Administered Account for Selected Fund Activities—European Commission Subaccount for Selected Fund Activities

_Policy Papers, November 11, 2009_

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## Bibliographic details
- Published: November 11, 2009
- Series: Policy Papers

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### Overview
- The Fund, represented by the Managing Director, has reached understandings with the European Commission (EC) to finance capacity building (technical assistance and training) and related activities.
- On the basis of these understandings, the Managing Director and EC President Barroso signed a framework agreement on January 12, 2009.
- The provisions of the framework agreement serve as the essential terms and conditions of the Subaccount with respect to:
  - the nature, design, and implementation of the activities to be financed; and
  - the method by which the costs of the activities will be financed from the Subaccount.

### Key provisions and scope
- Purpose:
  - Finance capacity building (technical assistance and training) and related activities.
- Parties:
  - The Fund (represented by the Managing Director) and the European Commission (EC); EC President Barroso is the EC signatory noted.
- Legal/operational role:
  - The framework agreement’s provisions constitute the essential terms and conditions of the Subaccount concerning activity design, implementation, and financing mechanisms.

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## Content in this bundle

- **111109e**
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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/framework-administered-account-for-selected-fund-activities-european-commission-subaccount-pp4396_