Selected Decisions and Selected Documents of the IMF, Thirty- Third Issue -- Poverty Reduction and Growth Facility and Exogenous Shocks Facility Trust-Increase in Limit on Borrowing for Loan Account
Prepared by the Legal Department of the IMFAs updated with decisions adopted during the first quarter of 2009 (posted July 2009)
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| ARTICLE V, SECTION 2(b) | ||||
| Technical and Financial Services | ||||
| Financial Services | ||||
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POVERTY REDUCTION AND GROWTH FACILITY AND EXOGENOUS SHOCKS FACILITY TRUST-INCREASE IN LIMIT ON BORROWING FOR LOAN ACCOUNT The Managing Director, after having consulted with all creditors in accordance with Decision No. 12559, adopted August 23, 2001, is authorized to confirm that he does not intend to propose to the Executive Board borrowing of more than SDR 20 billion for the Loan Account of the Poverty Reduction and Growth Facility and Exogenous Shocks Facility Trust except after consultation with all creditors regarding the justification for such additional borrowing and the adequacy of the Trust's Reserve Account in relation thereto. (EBS/06/113, 8/18/06). August 30, 2006 | ||||
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