Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Financing for Development—Enhancing the Financial Safety Net for Developing Countries—Review of Rapid Financing Instrument Access Limits

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

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ARTICLE V, SECTION 3(a), (b), AND (c)
Use of Fund Resources

FINANCING FOR DEVELOPMENT—ENHANCING THE FINANCIAL SAFETY NET FOR DEVELOPING COUNTRIES—REVIEW OF RAPID FINANCING INSTRUMENT ACCESS LIMITS

The Fund has reviewed the limits of access by members to resources under the Rapid Financing Instrument, Decision No. 15015-(11/112), November 21, 2011, as amended, and decides as follows:

  • 1. The percentages of quota referred to in paragraph 5 with regard to the annual and cumulative limits by members under the RFI shall be changed from 75 percent to 37.5 percent and from 150 percent to 75 percent respectively.

  • 2. This decision will become effective when the conditions specified in paragraph 3 of the Board of Governors Resolution No. 66-2 (December 15, 2010) are met and will apply to assistance under the RFI committed after its date of effectiveness. (SM/15/134, Sup. 1, 06/25/15)

Decision No. 15821-(15/66),

July 1, 2015

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