Policy Papers

Review of the Fund's Strategy on Overdue Financial Obligations

August 16, 2006

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Review of the Fund's Strategy on Overdue Financial Obligations, (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations since the last review and proposes to extend the availability of the rights approach by another year, to end-August 2007. Section II reviews recent developments regarding overdue financial obligations to the Fund through end-June 2006. Progress under the Fund’s strategy on arrears and developments in the protracted arrears cases are discussed in Section III. A draft decision to extend the availability of the rights approach until end-August 2007 is provided in Section IV.

Subject: Lapse of time consideration, Liberia, Overdue obligations, Rights accumulation program, Somalia, Sudan, Zimbabwe

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