Framework Administered Account for Selected Fund Activities - Central America, Panama, and the Dominican Republic Technical Assistance Center (CAPTAC-DR) Subaccount

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 023

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Public Finance , International - Economics , Business and Financial , PP , Subaccount , beneficiary country , fund Regional Technical Assistance Centers , CAPTAC-DR , contributor , CAPTAC-DR subaccount , d , contributor , resources of the Subaccount , Medium-term budget frameworks , Trade regulations and guidelines , Customs administration core functions , Central America

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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 Central America, Panama, and the Dominican Republic Technical Assistance Center (CAPTAC-DR) would be the first one established under the SFA. This paper requests Executive Board approval to establish the CAPTAC-DR subaccount (the “Subaccount”) under the terms of the SFA Instrument.