Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Use of Gold Sales Profits in the Investment Account

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

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ARTICLE XII, SECTION 6
Reserves, Distribution of Net Income, and Investment

USE OF GOLD SALES PROFITS IN THE INVESTMENT ACCOUNT

The Executive Board approves the exclusion of gold sales profits from the 1-3 year benchmark applied to the Investment Account, as set out in paragraph 16 of EBS/12/105 (8/7/2012). (EBS/12/105, 08/07/12)

Decision No. 15223-(12/82),

August 14, 2012

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