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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 theIMF-MiddleEast Center for Economics and Finance Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA Instrument. 2. Management and staff

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 IMF-Middle East Center for Economics and Finance Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA Instrument.
International Monetary Fund

Front Matter Page INTERNATIONAL MONETARY FUND Framework Administered Account for Selected Fund Activities: IMF-Middle East Center for Economics and Finance Subaccount for Selected Fund Activities Prepared by the Legal and Finance Departments, the IMF Institute, and the Officeof Technical Assistance Management Approved by Sean Hagan, Andrew Tweedie, Leslie Lipschitz, and J.R. Rosales October 22, 2010

International Monetary Fund

://www.imf.org/external/pp/longres.aspx?id=4509 ). 20. “IMF-Middle East 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

International Monetary Fund

Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4514 ). 17. “African Regional Technical Assistance Center (AFRITAC Central) Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4507 ). 18. “Kuwait Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4508 ). 19. “Belgium Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4509 ). 20. “IMF-Middle East Center for Economics and Finance Subaccount for Selected Fund Activities” ( http

International Monetary Fund

Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4509 ). 20. “IMF-Middle East 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

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

://www.imf.org/external/pp/longres.aspx?id=4450 ). 16.      “United States Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4514 ). 17.      “African Regional Technical Assistance Center (AFRITAC Central) Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4507 ). 18.      “Kuwait Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4508 ). 19.      “Belgium Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4509 ). 20.      “IMF-Middle East Center for Economics and Finance

International Monetary Fund

://www.imf.org/external/pp/longres.aspx?id=4514). 17. “African Regional Technical Assistance Center (AFRITAC Central) Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4507 ). 18. “Kuwait Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4508 ). 19. “Belgium Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4509 ). 20. “IMF-Middle East 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

International Monetary Fund

). 17. “African Regional Technical Assistance Center (AFRITAC Central) Subaccount” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4507 ). 18. “Kuwait Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4508 ). 19. “Belgium Subaccount for Selected Fund Activities” ( http://0-www-imf-org.library.svsu.edu/external/pp/longres.aspx?id=4509 ). 20. “IMF-Middle East 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