Review of the Fund's Strategy on Overdue Financial Obligations

Author: International Monetary Fund

This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations.

Volume/Issue: Volume 2010 Issue 068

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Exports and Imports , Money and Monetary Policy , Public Finance , PP , The Fund , Zimbabwe , SDR Department , Sudan , arrears to the Fund , Fund resource , financing capacity , protracted arrears , trust fund , payments to the Fund , arrears clearance , Arrears , Government asset and liability management , Extra-budgetary funds , Communications in revenue administration , Currencies , Global

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Summary

This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. Since the last review, total arrears to the Fund declined by SDR 17.5 million to SDR 1,309.5 million. Payments to the Fund by Sudan and Zimbabwe were in excess of new obligations falling due, and a decrease in Somalia’s arrears resulted from the full settlement of its overdue obligations to the SDR Department in the context of the general SDR allocation in August 2009.