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International Monetary Fund
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 Liberia Macro-Fiscal Subaccount (the “Subaccount”) under the terms of the SFA Instrument.
International Monetary Fund

1. In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the “SFA Instrument”). 1 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 Liberia Macro-Fiscal Subaccount (the “Subaccount”) under the terms of the SFA Instrument. 2. Management and staff have discussed with donors a program of reforms in public

International Monetary Fund

Front Matter Page INTERNATIONAL MONETARY FUND Framework Administered Account for Selected Fund Activities: Liberia Macro-Fiscal Subaccount Prepared by the Legal and Finance Departments, and the Office of Technical Assistance Management Approved by Sean Hagan, Andrew Tweedie, and J.R. Rosales December 6, 2010

International Monetary Fund

://www.imf.org/external/pp/longres.aspx?id=4510 ). 21. “Tax Policy and Administration Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4511 ). 22. “Managing Natural Resource Wealth Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4512 ). 23. “Sweden Subaccount for Selected fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4513 ). 24. “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4517 ). 25. “Caribbean Regional Technical Assistance Center (CARTAC) Subaccount

International Monetary Fund

://www.imf.org/external/pp/longres.aspx?id=4513 ). 24. “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4517 ). 25. “Caribbean Regional Technical Assistance Center (CARTAC) Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4518 ). 26. “Africa Regional Technical Assistance Center South (AFRITAC South) Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4538 ). 27. “Pacific Financial Technical Assistance Center (PFTAC) Subaccount” ( http

International Monetary Fund

Finance Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4510 ). 21.      “Tax Policy and Administration Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4511 ). 22.      “Managing Natural Resource Wealth Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4512 ). 23.      “Sweden Subaccount for Selected fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4513 ). 24.      “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http

International Monetary Fund

Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4510 ). 21.      “Tax Policy and Administration Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4511 ). 22.      “Managing Natural Resource Wealth Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4512 ). 23.      “Sweden Subaccount for Selected fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4513 ). 24.      “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http

International Monetary Fund

Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4511 ). 22. “Managing Natural Resource Wealth Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4512 ). 23. “Sweden Subaccount for Selected fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4513 ). 24. “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4517 ). 25. “Caribbean Regional Technical Assistance Center (CARTAC) Subaccount for Selected Fund Activities” ( http

International Monetary Fund

Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4511 ). 22. “Managing Natural Resource Wealth Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4512 ). 23. “Sweden Subaccount for Selected fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4513 ). 24. “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4517 ). 25. “Caribbean Regional Technical Assistance Center (CARTAC) Subaccount for Selected Fund Activities” ( http

International Monetary Fund

Center for Economics and Finance Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4510 ). 21. “Tax Policy and Administration Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4511 ). 22. “Managing Natural Resource Wealth Topical Trust Fund Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4512 ). 23. “Sweden Subaccount for Selected fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4513 ). 24. “Liberia Macro-Fiscal Subaccount for Selected Fund Activities” ( http