Review of the Fund's Strategy on Overdue Financial Obligations

Prepared by the Finance, Policy Development and Review, and Legal Departments (In consultation with other departments)

August 24, 2005

The Proposed Decision in this document has been approved by the Executive Board of the International Monetary Fund.

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 Contents   


Executive Summary

  1. Introduction
  2. Recent Developments
  3. Progress Under the Strengthened Cooperative Strategy
    1. Progress Under the Strategy and Extension of the Rights Approach
    2. Developments in Protracted Arrears Cases
  4. Proposed Decision

Text Tables

  1. Overdue Financial Obligations to the Fund, 2004–2005
  2. Arrears to the Fund and Other International Financial Institutions, as of end-June 2005

Text Figures

  1. Overdue Financial Obligations by Member, as of June 30, 2005
  2. Overdue Financial Obligations by Type, as of June 30, 2005
  3. Evolution of Overdue Financial Obligations to the Fund, 1980–2004

Appendix Tables

  1. Remedial Measures Applied to Countries in Protracted Arrears to the Fund
  2. Overdue Financial Obligations to the Fund by Duration, 1981–2005
  3. Overdue Financial Obligations to the Fund by Type, 1981–2005
  4. Number of Members Incurring Arrears to the Fund, 1991–2005
  5. Countries with Protracted Overdue Financial Obligations to the Fund, as of June 30, 2005
  6. Obligations Falling Due and Payments to the Fund by Current  Protracted Arrears Cases, 1995–2005
  7. Deferred Charges of Countries with Protracted Arrears to the Fund, FY 2001–2006
  8. Countries with Overdue Currency Valuation Adjustments, as of June 30, 2005

Annexes

  1. Overdue Financial Obligations to the General Department and the SDR Department—Timetable of Remedial Measures
  2. Overdue Financial Obligations to the Poverty Reduction and Growth Facility Trust—Timetable of Remedial Measures