Decision ID: 001097

In February 2000 the 1992 Fund Executive Committee decided that in view of the uncertainty as to the likely level of the claims arising out of the incident, the Director’s authority to make payments should for the time being be limited to payments pursuant to Internal Regulation 7.9, which enabled him to make provisional payments to victims to mitigate undue financial difficulties not exceeding a total of 6 million SDR for any one incident. The Director was instructed to collect as much information as possible on the likely level of claims arising out of the incident so as to enable the Committee to assess the situation at its 7th session in April 2000.

Date: 01.02.2000
Category: Compensation payments
Subject: Level of payments