索马里管理账户的清算和终止（英）

LIQUIDATION AND TERMINATION OF THE ADMINISTEREDACCOUNT FOR SOMALIAApproved ByBernard Lauwers (FIN)and Yan Liu (LEG)Prepared by the Finance and Legal DepartmentsBACKGROUND1.On December 18, 2019, the IMF Executive Board approved the establishmentof the Administered Account for Somalia (the “Somalia Administered Account” or“SAA”) to facilitate fundraising for, and delivery of, debt relief to Somalia forobligations owed to the Fund. The SAA’s purposes were: (a) receive contributions fromFund members and non-members to finance debt relief to Somalia; and (b) use theseresources to make contributions under the Heavily Indebted Poor Countries (HIPC)Initiative debt relief to Somalia and to deliver “beyond-HIPC” debt relief to Somalia.12.One hundred and two member countries and the European Commission (EC)(the “Contributors”) financed the SAA with total contributions of SDR 253.7 million(Table 1).These contributions were facilitated by: (i) the partial distribution of SCA-1resources amounting to SDR 122 million, and refunds of Somalia-related burden-shareddeferred charges adjustments totaling SDR 120 million—as part of the financing packageapproved by the Executive Board in December 20192; and (ii) cash grant contributions ofabout SDR 120 million from 13 donors, including the EC in the event there was aremaining financing gap.31On December 18, 2019, the IMF Executive Board also approved the establishment of theInterimSomalia Subaccountunder the Framework Interim Account established by the IMF Executive Board inthe context of Decision No. 16626-(19/103), effective 12/18/19, to serve as an interim vehicle forholding and administration of any SCA-1 balances and proceeds of deferred charges adjustments thatmember countries may wish to transfer to the Interim Somalia Subaccount pending finalization of theirdomestic procedures and instructions as to the deposition of their shares of such resources, includingaccrued interests..2Fourteen members contributed their shares in the SCA-1 and deferred charges distribution to thePRG-HIPC Trust in lieu of contributions to IMF debt relief for Somalia.3IMF Managing Director Kristalina Georgieva Announces Financing Milestone on Debt Relief for Somalia(Press Release No. 20/70, 2/26/20)andIMF Managing Director Kristalina Georgieva Welcomes ProgressToward Securing a Financing Plan for Debt Relief for Somalia(Press Release No. 19/470, 12/18/19). LIQUIDATION AND TERMINATION AND OF THE ADMINISTERED ACCOUNT FOR SOMALIA2INTERNATIONAL MONETARY FUND3.On December 13, 2023, Somalia reached its HIPC Completion Point and received fulldebt relief in the amount of SDR 250.43 million. During the interim period between the HIPCDecision and Completion Points, the IMF Executive Board also approved four tranches of HIPCinterim assistance to Somalia in the total amount of SDR 4.81 million to cover 100 percent of debtservice obligations falling due to the Fund during the interim period. The total debt relief deliveredto Somalia since the HIPC Decision Point, including HIPC interim assistance, amounted toSDR 254.43 million and was financed using resources in the SAA.4.Following the successful completion of debt relief to Somalia, staff assesses that theSAA has fulfilled its purpose and may now be liquidated and terminated.This is in line withParagraph 10 of the SAA Instrument, which states that the account shall remain in effect for as longas necessary, in the judgement of the Fund, to conduct and to wind up the business of the account.The Instrument also provides that the remaining balance in the SAA shall be transferred to the PRG-HIPC Trust or returned to Contributors that request a refund of their pro-rata share or any portion ofsuch share. The remaining balance in the SAA as of end-April 2025 amounted to SDR12.2million, ofwhich SDR 4.7 million is available for disposition according to instructions received from 101 SAAcontributing members (see below).45.As of April 30, 2025, 39 contributing members have requested a refund of their pro-ratashares in the SAA residual balance.Of these,36 requested transfers of their pro-rata shares to theirSDR holdings accounts, two to Euro-designated accounts, and one to a US Dollar designated account(approximately SDR 2.08 million, SDR 0.13 million, and SDR 0.79 million, respectively). As the EC wasonly a top up contributor in case any residual financing gap arose, it will be refunded its full share, theequivalent of which the EC directed as a special contribution to replenish Somalia’s SDR holdings.6.The pro-rata shares of the contributors who have not explicitly requested a refund, estimatedat SDR 1.7 million as of April 30, 2025, will be transferred to the PRG-HIPC Trust on the liquidationdate. In accordance with Paragraph 10 of the SAA Instrument, any balance remaining in the SAA on thedate of its termination shall be transferred to the PRG-HIPC Trust, provided that a Contributor’s pro-ratashare, or any portion of such share, shall be distributed to the Contributor a