Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Poverty Reduction and Growth Facility TrustóBorrowing for Loan AccountóConsultation with Creditors

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

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ARTICLE V, SECTION 2(b)
Technical and Financial Services
Financial Services

POVERTY REDUCTION AND GROWTH FACILITY TRUST—BORROWING FOR LOAN ACCOUNT—CONSULTATION WITH CREDITORS

The Managing Director, after having consulted with all creditors in accordance with Decision No. 12032-(99/87) PRGF, adopted August 2, 1999, is authorized to confirm that he does not intend to propose to the Executive Board borrowing of more than SDR 16 billion for the Loan Account of the Poverty Reduction and Growth Facility Trust except after consultation with all creditors regarding the justification for such additional borrowing and the adequacy of the Trust’s Reserve in relation thereto. (EBS/01/132, 8/8/01)

Decision No. 12559-(01/85) PRGF, August 23, 2001,

effective September 23, 2001

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