Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Exclusion of Purchases in the Credit Tranches and Under Extended Fund Facility

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

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ARTICLE XXX( c )
Calculation of Reserve Tranche: Exclusion of Purchases and Holdings

EXCLUSION OF PURCHASES IN THE CREDIT TRANCHES AND UNDER EXTENDED FUND FACILITY

  • 1. Purchases in the credit tranches or under extended arrangements (Decision No. 4377-(74/114), September 13, 1974, as amended), and holdings resulting from such purchases, shall be excluded pursuant to Article XXX(c)(iii) for the purpose of the definition of “reserve tranche purchase.”

  • 5. The Fund will review this decision before April 30, 1984.

Decision No. 6830-(81/65),

April 22, 1981,

effective May 1, 1981

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