Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Review of the Fund’s Income Position for FY 2015 and FY 2016—Placement of FY 2015 Net Income of the General Resources Account to the Special Reserve and the General Reserve

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

< Previous DocumentNext Document >
ARTICLE XII, SECTION 6
Reserves, Distribution of Net Income, and Investment

REVIEW OF THE FUND’S INCOME POSITION FOR FY 2015 AND FY 2016—PLACEMENT OF FY 2015 NET INCOME OF THE GENERAL RESOURCES ACCOUNT TO THE SPECIAL RESERVE AND THE GENERAL RESERVE

The net income of the General Resources Account for FY 2015 shall be placed to the Fund’s General Reserve, provided that if net income in FY 2015 exceeds the amount of total surcharge income in FY 2015, an amount equivalent to this excess shall be placed to the Special Reserve. (EBS/15/32, Sup. 1, 04/27/15)

Decision No. 15781-(15/43),

April 29, 2015

< Previous DocumentNext Document >