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

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 070

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Public Finance , Business and Economics - Statistics , International - Economics , PP , AFRITAC West , Subaccount , Occident , contributor , terms and conditions of the Subaccount , resources of the Subaccount , d , contributor , West Africa region , Anti-money laundering and combating the financing of terrorism (AML/CFT) , West 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 West Africa Regional Technical Assistance Center (AFRITAC West) would be the fourth one under the SFA. This paper requests Executive Board approval to establish the AFRITAC West subaccount under the terms of the SFA Instrument.