The Safeguards Policy - Independent Panel's Advisory Report

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 103

Publication date:

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Banks and Banking , Public Finance , Corporate Governance , PP , central bank , panel , staff , Fund , whistle-blower policy , prompt action , fund arrangement , due diligence , fund staff , audit quality , review of the adequacy , integrity of operation , audit Committee of the South African , conduct safeguards assessment , competent central bank management , audit report , Auditing , External audit , Fiscal accounting and reporting , Internal audit , Internal controls , Global

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Summary

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 Kuwait Subaccount for Selected Fund Activities (the “Subaccount”) under the terms of the SFA instrument.