Framework Administered Account for Selected Fund Activities - Africa Regional Technical Assistance Center West 2 Subaccount

Author: International Monetary Fund

Volume/Issue: Volume 2013 Issue 050

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Banks and Banking , Taxation - General , PP , href , list of Subaccounts , Socialist People's Libyan Arab Jamahiriya Subaccount , General government spending , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Sovereign wealth funds , Tax administration core functions , Investment banking , 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. This paper requests Executive Board approval to establish the Africa Regional Technical Assistance Center West 2 (AFRITAC West 2) Subaccount (the “AFRITAC West 2 Subaccount” or the “Subaccount”) under the terms of the SFA Instrument.