Selected Decisions and Selected Documents of the IMF, Fortieth Issue -- Fund’s Policy on Lending into Arrears

Prepared by the Legal Department of the IMF
As updated as of April 30, 2019

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ARTICLE V, SECTION 3(a), (b), AND (c)
Use of Fund Resources
Arrears to Creditors and Debt Strategy


5. The Fund decides that the deadline for the next review of the Fund’s policy on lending into arrears prescribed by Decision No. 13814-(06/98), adopted November 15, 2006, shall be extended to end-December 2008. (SM/07/394, 12/21/07)1

Decision No. 14036-(08/01),

December 27, 2007

1 Decision No. 14235-(09/1), December 31, 2008, provided that reviews of the Fund’s policy of lending into arrears shall have no deadline; they are to be completed “as needed” as defined in the Streamlining Decision.

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