Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Establishment of General Policy to Condition Decisions Under the Extended Credit Facility, Standby Credit Facility and Exogenous Shocks Facility on Accuracy of Information Regarding Implementation of Prior Actions

Prepared by the Legal Department of the IMF
As updated as of February 29, 2016

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ARTICLE V, SECTION 3(a), (b), AND (c)
Use of Fund Resources

ESTABLISHMENT OF GENERAL POLICY TO CONDITION DECISIONS UNDER THE EXTENDED CREDIT FACILITY, STANDBY CREDIT FACILITY AND EXOGENOUS SHOCKS FACILITY ON ACCURACY OF INFORMATION REGARDING IMPLEMENTATION OF PRIOR ACTIONS

Any decision on the use of resources under the Extended Credit Facility, Standby Credit Facility and Exogenous Shocks Facility (including decisions approving an arrangement, completing a review, or granting a waiver either of applicability or for the nonobservance of a performance criterion) will be made conditional upon the accuracy of information provided by the member regarding implementation of prior actions specified in the decision.

Decision No. 12253-(00/77),

July 27, 2000,

as amended by Decision No. 14354-(09/79),

July 23, 2009,

effective January 7, 2010

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