Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Proposal to Enhance Fund Support for Low-Income Countries Hit by Public Health Disasters—Transformation of the Post-Catastrophe Debt Relief (PCDR) Trust into the Catastrophe Containment and Relief (CCR) Trust and Liquidation of the MDRI-I Trust

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

PROPOSAL TO ENHANCE FUND SUPPORT FOR LOW-INCOME COUNTRIES HIT BY PUBLIC HEALTH DISASTERS— TRANSFORMATION OF THE POST-CATASTROPHE DEBT RELIEF (PCDR) TRUST INTO THE CATASTROPHE CONTAINMENT AND RELIEF (CCR) TRUST AND LIQUIDATION OF THE MDRI-I TRUST

Part I - Transformation of the PCDR Trust

1

Part II - Liquidation of the MDRI-I Trust and Transfer of the Remaining Balances to the CCR Trust

  • 6. Pursuant to Section V, Paragraph 3 of the Instrument to Establish the Multilateral Debt Relief Initiative-I Trust (the “Trust”), annexed to Decision No. 13588-(05/99) MDRI, adopted November 23, 2005, as amended, the Fund, as Trustee of the MDRI-I Trust, decides to liquidate the MDRI-I Trust.

  • 7. In accordance with paragraph 6 of Decision No. 13588-(05/99) MDRI, adopted November 23, 2005, effective January 5, 2006, the General Resources Account shall be reimbursed the equivalent of SDR 10,348 by the MDRI-I Trust in respect of the expenses of administering SDA resources in the MDRI-I Trust during FY 2015.

  • 8. The SDA resources in the Trust, after discharge of all liabilities of the Trust and after the reimbursement set forth in paragraph 2 above, shall be transferred (through the Special Disbursement Account), to the General Account of the Catastrophe Containment and Relief Trust established pursuant to Decision No. 14649-(10/64), as amended. (SM/15/14, Sup. 5, 02/11/15)

Decision No. 15708-(15/12),

February 4, 2015

1 Ed. Note: See p. 282.

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