Selected Decisions and Selected Documents of the IMF, Thirty- Ninth Issue -- Review of the Fund’s Income Position for FY 2016 and FY 2017-2018—Transfer of Currencies to the Investment Account for FY 2016

Prepared by the Legal Department of the IMF
As updated as of March 31, 2017

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

REVIEW OF THE FUND’S INCOME POSITION FOR FY 2016 AND FY 2017-2018—TRANSFER OF CURRENCIES TO THE INVESTMENT ACCOUNT FOR FY 2016

Pursuant to Article XII, Section 6(f )(ii) of the Articles of Agreement, the Fund shall transfer from the General Resources Account to the Investment Account currencies in an amount equivalent to the difference between the Fund's general and special reserves as of April 30, 2016 and the cumulative amount of previous transfers of currencies from the General Resources Account to the Investment Account. This transfer of currencies to the Investment Account shall be effected in the context of the Financial Transactions Plan covering the period August-October 2016. The currencies transferred to the Investment Account pursuant to this decision shall be used for immediate investment in the Fixed Income Subaccount in accordance with the Rules and Regulations for the Investment Account.

Decision No. 15979-(16/33),

April 22, 2016

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