Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Liquidation of the MDRI-II Trust—Liquidation of the MDRI-II Trust and Transfer of the Remaining Balances

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

< Previous DocumentNext Document >
ARTICLE V, SECTION 2(b)
Technical and Financial Services
Financial Services

LIQUIDATION OF THE MDRI-II TRUST—LIQUIDATION OF THE MDRI-II TRUST AND TRANSFER OF THE REMAINING BALANCES

  • 1. Pursuant to Section V, Paragraph 3 of the Instrument to Establish the Multilateral Debt Relief Initiative-II Trust (the “MDRI-II Trust”), set forth in Attachment II to Decision No. 13588-(05/99), adopted November 23, 2005, as amended by Decision No. 15708-(15/12), adopted February 4, 2015, the Fund, as Trustee of the MDRI-II Trust, decides to liquidate the MDRI-II Trust.

  • 2. The contributor resources in the Trust, after discharge of all liabilities of the Trust, shall be transferred to the General Account of the Catastrophe Containment and Relief Trust established pursuant to Decision No. 14649-(10/64), as amended, except for those amounts which correspond to the contributions of members that by July 27 have indicated to the Fund that they wish their contributions i) to be transferred to the General Subsidy Account of the PRGT, ii) returned to them, or iii) transferred to an interim administered account, established pursuant to Decision No. 15811-(15/63), adopted June 23, 2015, pending a final decision on the disposition of their contributions.

  • 3. This decision shall become effective on August 1, 2015. (SM/15/141, 06/16/15)

Decision No. 15810-(15/63),

June 23, 2015, effective August 1, 2015

< Previous DocumentNext Document >