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

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 2015 AND FY 2016—ASSESSMENT UNDER ARTICLE XX, SECTION 4 FOR FY 2015

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, 2014 through April 30, 2015; 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, 2015 with an amount equal to 0.00170655 percent of their net cumulative allocations of special drawing rights. The total assessment shall be paid into the General Department. (EBS/15/32, 04/06/15)

Decision No. 15768-(15/41),

April 27, 2015

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