Review of the Fund's Strategy on Overdue Financial Obligations
Policy Papers, August 24, 2005
Source details
- Canonical URL
- Review of the Fund's Strategy on Overdue Financial Obligations
Other formats
Bibliographic details
- Published: August 24, 2005
- Series: Policy Papers
- Stock No: ISBN
Summary and progress
- Reviews progress under the Fund's strengthened cooperative strategy on overdue financial obligations.
- Proposes to extend the availability of the rights approach, which expires on August 31, 2005, by another year.
- States that the rights approach remains a potentially important element of the intensified collaborative approach for arrears clearance for the three members that remain eligible.
Key facts and figures
- Publication date: August 24, 2005
- Rights approach expiry date (before proposed extension): August 31, 2005
- Number of members identified as remaining eligible for the rights approach: three
- Eligible members named: Liberia, Somalia, and Sudan
- IMF eLibrary size referenced: over 25,000 IMF publications
Policy proposal and implications
- Policy recommendation:
- Extend the availability of the rights approach by one year beyond its August 31, 2005 expiry.
- Rationale:
- The rights approach is characterized as a potentially important element within the intensified collaborative approach to arrears clearance for the remaining eligible members.
- Intended operational impact:
- Maintain an additional year of eligibility for Liberia, Somalia, and Sudan to utilize the rights approach as part of arrears-clearance cooperation.
Review of the Fund's Strategy on Overdue Financial Obligations (August 24, 2005).