Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Supplementary Financing Facility Subsidy Account—Exchange Rate for Payment of Subsidies

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

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GENERAL
Subsidy Account

SUPPLEMENTARY FINANCING FACILITY SUBSIDY ACCOUNT—EXCHANGE RATE FOR PAYMENT OF SUBSIDIES

All pending subsidy payments under the Supplementary Financing Facility Subsidy Account shall be made on the basis of the SDR/U.S. dollar exchange rate in effect two business days before the payment date, and, if this rate cannot be used, the rate of the preceding date closest thereto that is practicable. (EBS/03/54, 4/18/03)

Decision No. 13005-(03/39) SBS,

April 25, 2003

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