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International Monetary Fund

the members of the Fund, there shall be established a Trust Fund (the “Trust”), which shall be administered by the Fund as Trustee. The Trust shall be governed by and administered in accordance with the provisions of this Instrument. Section I. Purposes and Resources of the Trust Paragraph 1. Purposes The Trust shall assist in fulfilling the purposes of the Fund by providing additional balance of payments assistance on concessional terms to support the efforts of eligible members that qualify for assistance to carry out programs of balance of payments

International Monetary Fund

and use of SDRs. The Trustee may exchange any of the resources of the Trust, provided that any balance of a currency held in the Trust may be exchanged only with the consent of the issuer of such currency. Section II. Contributions to the Trust The Trustee may accept contributions of resources for the Account on such terms and conditions as may be agreed between the Trustee and the respective contributors, subject to the provisions of this Instrument. For this purpose, the Managing Director of the Trustee is authorized to accept grants and enter into

International Monetary Fund
This paper sets forth the proposed decisions and related legal instruments that are needed to implement the transformation of the the Post-Catastrophe Debt Relief Trust (the “PCDR Trust”) into the Catastrophe Containment and Relief Trust (the “CCR Trust” or “Trust”), as described in the Proposal to Enhance Fund Support for Low-Income Countries Hit by Public Health Disasters and as presented in an informal session to brief Executive Directors on January 28, 2015. The paper summarizes key aspects of the proposed decisions and related instruments, in particular the new CCR Trust Instrument. The proposed reforms envisage the transformation of the PCDR Trust into the CCR Trust through an amendment of the PCDR Trust Instrument.
International Monetary Fund

conducted through a Loan Account, a Reserve Account, and a Subsidy Account. The resources of the Trust shall be held separately in each Account. Paragraph 3. Unit of Account The SDR shall be the unit of account for commitments, loans, and all other operations and transactions of the Trust, provided that commitments of resources to the Subsidy Account may be made in currency. Paragraph 4. Media of payment of contributions and exchange of resources (a) Resources loaned or donated to the Trust shall be received in a freely usable currency, subject to the

International Monetary Fund
This paper puts forward a package of proposed decisions to implement the Multilateral Debt Relief Initiative (“MDRI”) and establish the Exogenous Shocks Facility within the PRGF Trust; it also provides a Commentary on key aspects of the decisions. The proposed decisions generally reflect the overall structure and modalities that have been identified by the staff and endorsed by Executive Directors in the several meetings held to date concerning the G-8 debt relief proposal/MDRI and ESF.
International Monetary Fund

contributions and exchange of resources (a) Resources provided to the Accounts shall be in any currency. (b) Payments by the Trust shall be made in U.S. dollars or such other media as may be agreed between the Trustee and the payee. (c) Contributions to the Trust may also be made in or exchanged for SDRs in accordance with such arrangements as may be made by the Trust for the holding and use of SDRs. (d) The Trustee may exchange any of the resources of the Trust for other resources. Section II. Contributions to the Trust The Trustee may accept contributions of