Framework Administered Account for Selected Fund Activities-Switzerland Subaccount for Selected Fund Activities

November 13, 2009

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Framework Administered Account for Selected Fund Activities-Switzerland Subaccount for Selected Fund Activities, (USA: International Monetary Fund, 0) accessed December 26, 2024

Summary

The Fund, represented by the Managing Director, has reached understandings with Switzerland acting through the State Secretariat for Economic Affairs (SECO) (“Switzerland”), to finance capacity building (technical assistance and training) and related activities. On the basis of these understandings, the Managing Director has established the essential terms and conditions of the Subaccount, with which Switzerland concurs, with respect to the nature, design, and implementation of the activities to be financed and the method by which the costs of the activities will be financed from the Subaccount.

Subject: Administered accounts, Executive Board decisions, External financing, Financial instruments, Lapse of time approval, Switzerland

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