Framework Administered Account for Selected Fund Activities - Pacific Financial Technical Assistance Center (PFTAC) Subaccount

Author: International Monetary Fund

Volume/Issue: Volume 2011 Issue 054

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Public Finance , Taxation - General , Business and Financial , PP , Liberia Macro-Fiscal Subaccount , contributor , terms and conditions , finance Subaccount , terms and conditions of the Subaccount , PFTAC beneficiary , paper requests executive board approval , territories of PFTAC , ex ante concurrence , fund's involvement , contributor's resource , General government spending , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Tax administration core functions , Pacific Islands

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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 subaccounts under the SFA. This paper requests Executive Board approval to establish the Pacific Financial Technical Assistance Center (PFTAC) subaccount (the "Subaccount") under the terms of the SFA Instrument.