How has the April 2, 2009 G-20 Summit affected the IMFs planned gold sales?
• At the G-20 Leaders Summit on April 2, 2009, world leaders proposed to use additional resources from agreed sales of IMF gold to provide $6 billion in additional financing for poor countries, in a manner consistent with the IMF’s new income model, over the next 2 to 3 years. • There has been no change in the amount of the planned gold sale, which remains strictly limited to the 12.97 million ounces (403.3 metric tons) of gold the IMF has acquired after the Second Amendment, which is equivalent to one-eighth of the IMF’s total gold holdings.
