Framework Administered Account for Selected Fund Activities - Caribbean Regional Technical Assistance Center (CARTAC) Subaccount

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 049

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Finance , Labor , Public Finance , Business and Financial , PP , Subaccount , contributor , terms and conditions of the Subaccount , ex ante concurrence , resources of the Subaccount , contributor's consent , concurrence of contributor , beneficiaries of CARTAC , Capital markets , Wages , Caribbean

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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. This paper requests Executive Board approval to establish the Caribbean Regional Technical Assistance Center (CARTAC) subaccount (the “Subaccount”) under the terms of the SFA Instrument.