This will solidify technical cooperation as a main-line activity with predictable financing rather than as a residual activity undertaken only when resources are available. In order to achieve the desired level of IFF assisted ordinary capital lending, it will be necessary, in addition to the already scheduled transfers agreed on for the Sixth and Seventh Replenishments, to make yearly transfers in convertible currencies as needed to fulfill the obligations arising from the lending program. The transfers would be made from the FSO General Reserve to the IFF account in the necessary amounts. F. Currencies 4.15 All of the contributions to the FSO are to be made in freely convertible currencies. Each member will make its contribution in one of 17 specified convertible currencies or express their contributions in SDR or ECU, with payment in one of the specified currencies, based on the average exchange rates between the dollar, and the selected currencies, the SDR, or the ECU, for the 180 calendar-day period ending on April 10, 1994.
Members are to designate in advance the currency to be used in making their contributions.