Framework Administered Account for Selected Fund Activities-Switzerland Subaccount for Selected Fund Activities
Policy Papers, November 13, 2009
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- Framework Administered Account for Selected Fund Activities-Switzerland Subaccount for Selected Fund Activities
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Bibliographic details
- Published: November 13, 2009
- Series: Policy Papers
Summary of arrangement
- The Fund, represented by the Managing Director, has reached understandings with Switzerland acting through the State Secretariat for Economic Affairs (SECO) (“Switzerland”), to finance capacity building (technical assistance and training) and related activities.
- On the basis of these understandings, the Managing Director has established the essential terms and conditions of the Subaccount, with which Switzerland concurs, 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.
Purpose and scope
- Finance capacity building, defined as technical assistance and training, and related activities.
- Establish essential terms and conditions governing the Subaccount’s:
- design and implementation of financed activities; and
- financing method for activity costs.
Institutional representation
- Fund representation: Managing Director.
- Donor/partner: Switzerland acting through the State Secretariat for Economic Affairs (SECO) (“Switzerland”).
Subjects and classification
- Administered accounts
- Executive Board decisions
- External financing
- Financial instruments
- Lapse of time approval
- Switzerland
International Monetary Fund — Framework Administered Account for Selected Fund Activities-Switzerland Subaccount for Selected Fund Activities