Review of the Fund's Strategy on Overdue Financial Obligations
This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations.
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Volume 2011
Issue 064
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Exports and Imports , Public Finance , PP , The Fund , Zimbabwe , Somalia , Sudan , arrears to the Fund , financing capacity , trust fund , payments to the Fund , exchange rate , arrears clearance , net SDR charge , arrears case , Zimbabwe's arrears to the PRGT , Arrears , Government asset and liability management
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Summary
This paper reviews progress under the Fund’s strengthened cooperative strategy on overdue financial obligations. The level and structure of arrears to the Fund remained broadly unchanged since the last review. Total arrears to the Fund amounted to SDR 1,303.9 million at end-June 2011, a decline of about SDR 5.5 million since the last review. While payments to the Fund by Sudan and Zimbabwe were in excess of new obligations falling due since the last review, Somalia’s arrears increased further.
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