Notification of Effectiveness of Partial Distribution of the General Reserve Attributed to Windfall Gold Sale Profits

Notification of Effectiveness of Partial Distribution of the General Reserve Attributed to Windfall Gold Sale Profits
Volume/Issue: Volume 2012 Issue 091
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Public Finance , Public Policy - Social Services and Welfare , PP , windfall gold sale profit , lending capacity , equivalent to SDR , notification of effectiveness , subsidies to the PRGT , availability of SDR , subsidy pledge , Gold , Poverty reduction strategy , Communications in revenue administration , Africa

Summary

On February 24, 2012, the Executive Board approved a partial distribution of the general reserve equivalent to SDR 700 million attributed to part of the gold sales windfall profits to all members in proportion to their quotas.