Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Trust Fund: Means of Payment of Interest by Members on Their Indebtedness Under Loan Agreements

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

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GENERAL
Trust Fund

TRUST FUND: MEANS OF PAYMENT OF INTEREST BY MEMBERS ON THEIR INDEBTEDNESS UNDER LOAN AGREEMENTS

Payments of interest on members’ indebtedness under their loan agreements with the Fund as Trustee of the Trust Fund shall be made with U.S. dollars. (TR/79/51, 12/13/79)

Such payments may be made also in SDRs in accordance with Decision No. 8642-(87/101) S/TR, adopted July 9, 1987.

Decision No. 6358-(79/188) TR,1

December 19, 1979,

as amended by Decision No. 8640-(87/101) S/TR,

July 9, 1987

1 Interest due in 1977, 1978, and on June 30, 1979, for example, was paid in U.S. dollars pursuant to decisions adopted in 1977, 1978, and on June 18, 1979.

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