Decision ID: 001122

In April 2000 the 1971 Fund Administrative Council decided that the question of whether to appoint a person to oversee the winding up of the 1971 Fund, and if so whom, should be considered at the October 2000 session of the Assembly/Administrative Council in a broader context of the discussion. The Council instructed the Director to study all aspects of the winding up and liquidation of the 1971 Fund, including the role of the Secretariat and the Director, budgetary implications and the consequences for the winding up and liquidation process of the outcome of the Diplomatic Conference to be held in September 2000 to amend Article 43.1 of the 1971 Fund Convention. The Director was instructed to take such legal, technical, organisational and financial advice as he considered necessary to assist him in his study. The Council further instructed the Director to report to the October 2000 session of the 1971 Fund Assembly/Administrative Council and to continue his efforts to draw the attention of 1971 Fund Member States to the importance of denouncing the 1971 Fund Convention and the consequences of their remaining Party to that Convention.

Date: 31.03.2000
Category: Administrative matters
Subject: Operation and winding up of the 1971 Fund after May 1998