Partial Distribution of the General Reserve Attributed to Windfall Gold Sale Profits--Proposed Decision »
Series: Policy Papers
Author(s): International Monetary Fund. Finance Dept.;International Monetary Fund. Legal Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 January 2012
Keywords: Executive Board decisions, Fund reserves, General Resources Account, Gold sales by Fund, Poverty Reduction and Growth Trust, Profits, Use of Fund resources, Financial statements, Development, Reserve tranche positions
This paper proposes the distribution of a portion of the Fund's general reserve that is attributed to profits from recent Fund gold sales. The proposed distribution is part of a strategy endorsed by the Board in Ju...