Selected Decisions and Selected Documents of the IMF, Fortieth Issue -- Exclusion of Purchases in the Credit Tranches and Under Extended Fund Facility

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

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ARTICLE XXX(c)
Calculation of Reserve Tranche: Exclusion of Purchases and Holdings

EXCLUSION OF PURCHASES IN THE CREDIT TRANCHES AND UNDER EXTENDED FUND FACILITY

1. Purchases in the credit tranches or under extended arrangements (Decision No. 4377-(74/114), September 13, 1974, as amended), and holdings resulting from such purchases, shall be excluded pursuant to Article XXX(c)(iii) for the purpose of the definition of “reserve tranche purchase.”

5. The Fund will review this decision before April 30, 1984.

Decision No. 6830-(81/65),

April 22, 1981,

effective May 1, 1981

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