Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Review of the Fund’s Income Position for FY 2014 and FY 2015-2016—Assessment Under Article XX, Section 4 for FY 2014

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

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ARTICLE XX, SECTION 4
Assessments

REVIEW OF THE FUND’S INCOME POSITION FOR FY 2014 AND FY 2015-2016—ASSESSMENT UNDER ARTICLE XX, SECTION 4 FOR FY 2014

Pursuant to Article XVI, Section 2 and Article XX, Section 4 of the Articles of Agreement and Rule T-2 of the Fund’s Rules and Regulations, it is decided that: (i) The General Department shall be reimbursed for the expenses of conducting the business of the SDR Department for the period of May 1, 2013 through April 30, 2014; and (ii) An assessment shall be levied on all participants in the SDR Department. The special drawing right holdings accounts of participants shall be debited on April 30, 2014 with an amount equal to 0.000672840 percent of their net cumulative allocations of special drawing rights. The total assessment shall be paid into the General Department. (EBS/14/43, 04/07/14)

Decision No. 15578-(14/37),

April 28, 2014

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