Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Supplementary Financing Facility: Subsidy Account—Investment

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

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GENERAL
Subsidy Account

SUPPLEMENTARY FINANCING FACILITY: SUBSIDY ACCOUNT—INVESTMENT

The Managing Director shall place in deposits, denominated in SDRs, with the Bank for International Settlements, or in investments in a call account, denominated in SDRs, with the International Bank for Reconstruction and Development, the currencies received by the SFF Subsidy Account, unless the Managing Director considers that the terms offered are not sufficiently attractive. In that event the Managing Director shall inform the Executive Board promptly and make other proposals to it for investment in SDR-denominated obligations. (EBS/81/135, 5/8/81)

Decision No. 6854-(81/78) SBS, May 8, 1981,

as amended by Decision No. 8184-(86/9) SBS,

January 15, 1986

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