IMF Finances

Review of the Fund's Strategy on Overdue Financial Obligations, July 23, 2002

IMF Financial Activities List

Financial Organization and Operations of the IMF


Review of the Fund's Strategy on Overdue Financial Obligations

Prepared by the Finance, Policy Development and Review,
and Legal Departments (In consultation with other departments)

August 13, 2004

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Contents

Executive Summary
I.   Introduction
II.   Recent Developments
III.   Progress Under the Strengthened Cooperative Strategy
  A.   Progress Under the Strategy and Extension of the Rights Approach
  B.   Developments in Major Protracted Arrears Cases
IV.   Proposed Decision
Text Tables
1.   Overdue Financial Obligations to the Fund, 2003-2004
2.   Arrears to the Fund and Other International Financial Institutions, as of end-June 2004
Text Figures
1.   Overdue Financial Obligations by Member, as of June 30, 2004
2.   Overdue Financial Obligations by Type, as of June 30, 2004
3.   Evolution of Overdue Financial Obligations to the Fund, 1980-2004
Text Box
1.   Sudan, Liberia and Somalia: Arrears Clearance and Debt Relief
Appendix Tables
3.   Remedial Measures Applied to Members in Protracted Arrears to the Fund
4.   Overdue Financial Obligations to the Fund by Duration, 1981-2004
5.   Overdue Financial Obligations to the Fund by Type, 1981-2004
6.   Number of Members Incurring Late Payments to the Fund, 1991-2004
7.   Members with Protracted Overdue Financial Obligations to the Fund, as of June 30, 2004
8.   Obligations Falling Due and Payments to the Fund by Current Protracted Arrears Cases, 1995-2004
9.   Deferred Charges of Members with Protracted Arrears to the Fund, FY 2001-2005
10.   Members with Overdue Currency Valuation Adjustments, as of June 30, 2004
Annexes
I.   Overdue Financial Obligations to the General Department and the SDR Department—Timetable of Remedial Measures
II.   Overdue Financial Obligations to the Poverty Reduction and Growth Facility Trust—Timetable of Remedial Measures