Framework Administered Account for Selected Fund Activities—East Africa Regional Technical Assistance Center (AFRITAC East) Subaccount

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 069

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Public Finance , Business and Economics - Statistics , International - Economics , Business and Financial , PP , Subaccount , AFRITAC east , contributor , terms and conditions of the Subaccount , East Africa region , resources of the Subaccount , d , contributor , activities-East Africa , Anti-money laundering and combating the financing of terrorism (AML/CFT) , East Africa

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Summary

In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. The subaccount for the East Africa Regional Technical Assistance Center (AFRITAC East) would be the third one under the SFA. This paper requests Executive Board approval to establish the AFRITAC East subaccount under the terms of the SFA Instrument.