Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
September 1986
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    Index

    Letters are used as follows: c for chart, n for footnote, and t for table.

    ABU DHABI

    • Supplementary financing facility, 83t

    AFGHANISTAN

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    AFRICA

    • Balances of payments, 11, 22t

    • Capital formation, 11, 12c

    • Debt, 25t, 28, 29t, 30, 166t

    • Economic policies, 11, 13t, 37

    • Exchange rates, 24, 25c

    • Living standards, 11

    • Official borrowing, 166t

    • Output, 10, 10t, 11, 11c, 166t

    • Prices, 12, 13t, 15

    • Purchases from Fund, 48

    • Sub-Saharan countries, 11, 25, 26c, 166t

    • Trade, 25, 26c, 27c, 166t

    ALGERIA

    • Exchange arrangements, 74t

    • SDRs, 85t

    ANTIGUA AND BARBUDA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    ARGENTINA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Inflation, 9, 12

    • Prices, 12

    • Purchases from Fund, 63, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangements with Fund, 76t, 145t

    ARTICLES OF AGREEMENT

    • Article IV, consultations with members, 33, 34, 35, 37, 39, 46

    • Article IV, Section 1 (iii), manipulation of exchange rates, 33; Section 3(a), functioning of the international monetary system, 31; Section 3(b), surveillance over exchange rate policies, 33, 33n

    • Article V, Section 8(a) and (6), overdue charges, 103; Section 8(c), rates of charge, 100; Section 12(f), Structural Adjustment Facility, 48n, 95

    • Article VIII, members accepting obligations of, 91t

    • Article XIX, Section 2(c), use of SDRs in payment of subsidy, 102

    • Article XXVI, Section 2(a), ineligibility to use general resources, 49

    • Schedule B, assets of Trust Fund, 48n

    ASIA

    • Balances of payments, 22t, 25, 26c

    • Capital formation, 12c

    • Commercial bank borrowing, 29c

    • Debt, 29t, 166t

    • Economic policies, 11

    • Exchange rates, 24, 25c

    • Living standards, 11

    • International reserves, 29c

    • Investment spending, 11

    • Official borrowing, 29c, 166t

    • Output, 10t, 11, 11c, 166t

    • Prices, 12, 13t

    • Purchases from Fund, 48t

    • Trade, 10, 25, 26c, 27c, 166t

    AUSTRALIA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Output, 7

    • SDRs, 85t

    • Supplementary financing facility subsidy account, contribution to, 89t

    AUSTRIA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    • Supplementary financing facility subsidy account, contribution to, 89t

    BAHAMAS, THE

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    BAHRAIN

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    BANGLADESH

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    BANK FOR INTERNATIONAL SETTLEMENTS (BIS)

    • Borrowing agreement with Fund, 136

    • Borrowed resources suspense accounts, deposits in, 65

    • Fund relations with, 72, 136

    • Prescribed holder of SDRs, 66n

    • Supplementary financing facility subsidy account, investments, 101

    BARBADOS

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    BELGIUM

    • Article VIII obligations, acceptance of, 91t

    • European Monetary System, 21

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    BELIZE

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    BENIN

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    BHUTAN

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    BOARD OF GOVERNORS

    • Interim Committee on the International Monetary System (Interim Committee): communiqués, 106–13

    • Joint Ministerial Committee of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee): communiqués, 114–19

    • Role in SDR allocations, 41

    BOLIVIA

    • Article VIII obligations, acceptance of, 91t

    • Buffer stock facility, use of, 64

    • Exchange arrangements, 24, 74t

    • Inflation, 9, 12

    • Prices, 12

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    BORROWING BY FUND,

    • Bank for International Settlements, 136

    • Enlarged access to Fund resources, 63, 64, 65, 76t, 78t, 136

    • Extended arrangements, financing of, 63, 137

    • General Arrangements to Borrow, 65, 65n, 82t, 136, 137

    • Guidelines for, 65, 137

    • Interest on, 64, 69, 84t

    • Oil facility, 811, 82t

    • Repayment of, 65, 83t, 84t, 144t

    • Saudi Arabian Monetary Agency, 65, 138

    • Stand-by arrangements, financing of, 63

    • Supplementary financing facility, 65, 83t, 136

    BOTSWANA

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Technical assistance by Fund, 71

    BRAZIL

    • Economic policies, 10

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 63, 79t

    • Inflation, 9, 12

    • Prices, 12

    • Repurchases from Fund, 80t

    • SDRs, 85t

    BUDGET OF THE FUND, 128

    BUFFER STOCK FINANCING FACILITY

    • Access limits, 47

    • Charges, 85t

    • International Natural Rubber Agreement, 64

    • International Tin Agreement, 64

    • Purchases by members, 64, 47c, 75t, 811, 82t

    • Purpose, 64, 133

    • Repurchases by members, 64, 80t

    • Use of Fund credit, 135

    BURKINA FASO

    • Exchange arrangement, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility tor assistance, 98t

    BURMA

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    BURUNDI

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    CAMEROON

    • Exchange arrangements, 74t

    • SDRs, 85t

    CANADA

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 22t, 24

    • Deficit, fiscal, 21

    • Economic policies, 39

    • Exchange arrangements, 74t

    • Exchange rates, 19, 21c

    • Inflation, 8c, 39

    • Interest rates, 20c

    • Monetary policy, 39

    • aggregates, 4t

    • Output, 3t, 6, 6t, 7

    • Prices, 6t, 8c, 39

    • SDRs, 66, 85t

    • Supplementary financing facility, 83t

    • Trade, 24

    • Unemployment, 7, 7c, 39

    CAPE VERDE

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    CAPITAL EXPORTING COUNTRIES See DEVELOPING COUNTRIES

    CAPITAL IMPORTING COUNTRIES See DEVELOPING COUNTRIES

    CAPITAL IMPORTING FUEL EXPORTERS See DEVELOPING COUNTRIES, OTHER

    CAPITAL MARKETS

    • Access of developing countries to, 15, 16, 17, 40, 41

    • Balance of payments adjustment, financing of, 16

    • Capital formation, 11, 12, 12c

    • Deregulation of, 40

    • Exchange rate effects on, 18

    • Eurocurrency markets, 17

    • Growth of, 15, 16

    • Integration and liberalization of, 16, 17, 40

    • International bond markets, 15, 16, 16n

    • International liquidity, role in providing, 17,41

    • Restrictions, relaxing of, 16–17

    • Speculative flows, 16

    CENTRAL AFRICAN REPUBLIC

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    CENTRALLY PLANNED ECONOMIES, 15n, 165

    CHAD

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    CHILE

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 63, 79t, 145t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    CHINA

    • Balance of payments, 25

    • Classification by Fund, 164, 165

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance and intention not to use, 48, 98t, 98n

    CLASSIFICATION OF COUNTRIES, 162-66

    COLOMBIA

    • Exchange arrangements, 74t

    • SDRs, 85t

    COMMERCIAL BANK LENDING TO DEVELOPING COUNTRIES

    • Capital importing countries, 25, 27, 28, 28t, 29, 29t

    • Debt: amount outstanding, 166t; of capital importing countries, 27, 28, 28t, 29t; reschedulings, 28, 29t, 30; situation and strategy, 33, 41-43

    • Decline in, 16, 27, 28, 44

    • Fund’s role in promoting, 33, 40, 43, 44, 46

    • Indebted countries, 28, 31, 42, 42n

    • List of heavily indebted countries, 165

    • Multilateral development institutions, role of, 28

    • Reserve acquisition, role in, 27, 40

    • Role in supporting Fund adjustment programs, 43, 44

    • Selected indicators of, 29t

    • Supervision of, 40

    COMOROS

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    COMPENSATORY FINANCING FACILITY

    • Access limits, review, 47-48

    • Cereal import costs, Executive Board Decision on, 48, 48n, 64, 64n

    • Charges, 85t

    • Executive Board review of, 47-48, 64

    • Purchases by members, 47, 63-64, 75t, 811, 82t

    • Purpose, 63-64, 133

    • Repurchases by members, 64, 80t

    • Use of Fund credit, 135

    CONDITIONALITY

    • Collaboration with World Bank, 45–46, 93

    • Guidelines on, 45

    • Implementation of, 44, 45

    • Performance criteria, 45

    • Review of, 44, 99

    • Role of Fund in, 45

    • Scenarios, medium-term, use of, 45

    • Seminars on, 44

    • Structural Adjustment Facility and, 94

    FCOUNTRIES WITH DEBT-SERVICING PROBLEMS

    • See DEVELOPING COUNTRIES

    COUNTRIES WITHOUT DEBT-SERVICING PROBLEMS

    • See DEVELOPING COUNTRIES

    CONGO

    • Exchange arrangements, 74t

    • SDRs, 85t

    CONSULTATIONS WITH FUND MEMBERS, 33, 34, 35, 35t, 37, 39, 46

    COSTA RICA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    CôTE D’IVOIRE

    • Buffer stock financing facility, use of, 64

    • Debt rescheduling, 43

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 63, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    COUNTRIES, CLASSIFICATION OF, See CLASSIFICATION OF COUNTRIES

    CREDIT TRANCHE

    • Arrangements, 43t, 44

    • Purchases from Fund, 43t, 63, 75t, 77t

    • Repurchases from Fund, 44, 80t

    CYPRUS

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    DENMARK

    • Article VIII obligations, acceptance of, 91t

    • Deficit, fiscal, 24

    • European Monetary System, 21

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility subsidy account, contribution to, 89t

    DEVELOPING COUNTRIES

    • Balances of payments, 9, 10, 16t, 22t, 25, 26c

    • Capital formation, 12c; markets, 17, 25

    • Classification, 162

    • Commercial bank borrowing, 8, 16, 25, 27-28, 28t, 166t

    • Debt, external, 8; rescheduling, 28

    • Deficits, fiscal, 9, 10, 25, 39

    • Economic situation and policies, 8, 9, 10, 12

    • Exchange rates, 24-25, 25c

    • Group of Twenty-Four, report of, 31-32, 35t

    • Inflation, 1, 9

    • Interest rates, 9, 25, 39

    • International bonds, 15, 16, 16n

    • International reserves, 17, 1 7t, 18, 27, 58t, 59t, 60t, 61t

    • Investment, 11

    • Monetary policies, 9, 24, 39

    • Official borrowing, 28t

    • Official development assistance, countries eligible for, 48

    • Output, 1,9, 10, 10t, 11, 11c, 166t

    • Prices: consumer, 13t; non-oil primary commodity, 8, 13, 15c; oil, 12, 13, 15; trade, 14t, 166t

    • Purchases from Fund, 48t

    • SDRs, 85t

    • Structural Adjustment Facility, countries eligible for assistance, 48, 98t

    • Trade, 1, 8-9, 10, 12-14, 14t, 16t, 25, 26, 26c, 27, 27c, 39: exports, 16t, 166t; imports, 16t

    • Unemployment, 11, 39

    • Use of Fund credit, 27, 28

    Capital Exporting Countries

    • Balance of payments, 26c

    • Classification, 164

    • Output, 166t

    • Trade: balance, 26c; exports, 166t

    Capital Importing Countries

    • Balance of payments, 25, 26c

    • Classification, 164

    • Commercial bank borrowing, 27, 28, 28t

    • Debt: debt service ratio, 28-29, 29t; outstanding, 166t; rescheduling, 28

    • Deficits, fiscal, 25

    • International reserves, 58t

    • Official borrowing, 28t

    • Output, 166t

    • Trade balance, 25, 26c, 166t

    • Use of Fund credit, 27, 28

    Diversified Borrowers

    • Classification, 164

    • Debt outstanding, 166t

    • Output, 166t

    • Trade, 166t

    Market Borrowers

    • Balance of payments, 22t, 25

    • Classification, 164

    • Debt: outstanding, 166t

    • Deficit, fiscal, 25

    • Output, 166t

    • Trade, 166t

    Official Borrowers

    • Balance of payments, 22t, 25

    • Classification, 164

    • Debt outstanding, 166t; servicing, 25

    • Deficit, fiscal, 25

    • Output, 166t

    • Trade, 166t

    Countries with Debt-Servicing

    • Problems

    • Debt outstanding, 166t

    • Definition, 164

    • International reserves, 58t

    • Output, 10t, 166t

    • Trade: exports, 166t; imports, 27c

    Countries without Debt-Servicing Problems

    • Debt outstanding, 166t

    • Definition, 164

    • Economic policies, 9

    • Output, 166t

    • Trade: exports, 166t; imports, 27c

    Fuel Exporters

    • Balance of payments, 22t

    • Classification, 163

    • Debt outstanding, 166t

    • Economic policies, 9

    • Output, 9, 10t, 166t

    • Prices, 12, 14t

    • Trade, 9, 12, 14t, 15, 166t

    Non-Fuel Exporters

    • Balance of payments, 22t

    • Debt outstanding, 166t

    • Definition, 164

    • Output, 9, 10t, 166t

    • Prices, 14t

    • Trade, 9, 26-27, 166t

    Exporters of Manufactures

    • Classification, 163

    • Debt outstanding, 166t

    • Deficits, fiscal, 9

    • Economic policies, 9, 10

    • Output, 10t, 166t

    • Trade, 10, 166t

    Primary Product Exporters

    • Classification, 163

    • Debt outstanding, 166t

    • Deficit, fiscal, 9

    • Economic policies, 10

    • Output, 10t, 166t

    • Trade, 9, 10, 166t

    Agricultural exporters

    • Debt outstanding, 166t

    • Definition, 163

    • Output, 166t

    • Trade, 166t

    Mineral exporters

    • Classification, 163

    • Debt: financing of, 28; outstanding, 166t

    • Output, 166t

    • Trade, 166t

    Service and Remittance Countries

    • Classification, 163

    • Debt outstanding, 166t

    • Output, 10t, 166t

    • Trade, 166t

    Non-Oil Developing Countries

    • Classification, 165

    • Debt outstanding, 166t

    • Economic policies, 9, 11

    • Inflation, 1-2

    • Output, 166t

    • Prices, 1-2

    • Remittances and transfers, 11

    • Trade: exports, 166t; terms of, 15

    Oil Exporting Countries

    • Classification, 165, 165n

    • Debt outstanding, 166t

    • Economic policies, 9, 11

    • Output, 166t

    • Prices, oil, 1-2, 15, 16c, 16n

    • Remittances and transfers, 11,12

    • Trade: exports, 1,9, 11, 166t; terms of, 15

    DEVELOPING COUNTRIES, OTHER

    • Capital Importing Fuel Exporters

      • Classification, 164-65

      • Debt outstanding, 166t

      • Output, 166t

      • Trade: exports, 166t; imports, 27c

    • Heavily Indebted Countries

      • Classification, 165

      • Commercial bank borrowing, 16, 27

      • Debt outstanding, 166t

      • Investment, 27

      • Output, 10t, 166t

      • Trade: exports, 166t; imports, 27c

    • Small Low-Income Countries

      • Classification, 165

      • Debt outstanding, 166t

      • Official development assistance, countries eligible for, 48

      • Output, 166t

      • Structural Adjustment Facility, countries eligible for assistance, 98t

      • Trade: exports, 166t; imports, 27c

    • Sub-Saharan Africa

      • Balance of payments, 25, 26c

      • Classification, 162

      • Debt outstanding, 25, 166t

      • Deficit, fiscal, 25

      • Living standards, 11

      • Output, 166t

      • Prices, 13t

      • Trade: balance, 26c; exports, 166t

    DEVELOPMENT COMMITTEE

    • Communiqués, 114-19

    • Debt strategy, strengthening, 42

    DIVERSIFIED BORROWERS

    • See DEVELOPING COUNTRIES

    DJIBOUTI

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    DOMINICA

    • Article VIM obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    DOMINICAN REPUBLIC

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    ECUADOR

    • Article VIII obligations, acceptance of, 91t

    • Debt rescheduling, 43

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    EGYPT

    • Classification by Fund, 162

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    EL SALVADOR

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    ENLARGED ACCESS TO FUND RESOURCES

    • Access limits, modification, 47, 65

    • Borrowed resources suspense accounts, 65

    • Borrowing by Fund for, 63, 65, 80t

    • Charge, rate of, 70

    • Establishment, 47

    • Executive Board Decisions, 47, 99

    • Extension of, 47, 99

    • Ordinary and borrowed resources, use of, 47c, 65, 136

    • Purchases from Fund, 47c, 77t, 811, 82t

    • Purpose, 47, 136

    • Repayments of Fund borrowing, 65, 144

    • Repurchases from Fund, 44, 80t

    • Use of Fund credit, 135

    EQUATORIAL GUINEA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    ETHIOPIA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    EUROPE

    • Balances of payments, developing countries, 22t, 26c

    • Capital formation, 11, 12c

    • Commercial bank borrowing, developing countries, 29t, 166t

    • European Monetary System, 21

    • Exchange rates, 21, 24, 25c

    • Output, 6, 10, 10t, 11c, 166t

    • Prices, developing countries, 13t

    • Purchases from Fund, developing countries, 48t

    • Trade, developing countries, 10, 25, 26c, 27, 27c

    • Unemployment, 1, 7, 7c

    • Wages, 4

    EUROPEAN MONETARY SYSTEM (EMS)

    • European currency units (ECUs), role as reserve currency, 59, 60n, 611, 62, 62t

    • European Monetary Cooperation Fund, 59, 59n, 60n, 62t(n)

    • Exchange rates, 21; realignment, 21

    • Gold holdings, 59, 59n

    • Operation of, 21c

    • Participants, currencies of, 21c

    EXCHANGE MARKETS

    • Official intervention, 1,17, 20, 33

    • Plaza Agreement, 1, 4, 18, 20

    EXCHANGE RATES

    • Arrangements, 74t

    • Balance of payments, effect on, 18, 24

    • Currency preferences, effect on, 18-21

    • Depreciation of U.S. dollar and, 18, 20, 24

    • Effective: in developing countries, 24, 25c; in major industrial countries, 18-21, 19c; trends in, 39

    • European Monetary System, 21, 21c; realignment, 21

    • Flexibility, 24, 32, 39, 45

    • Floating, 24, 31, 34

    • Interest rates and, 4, 18

    • List as of June 1986, 74t

    • Movements in, 18-21, 24-25, 37

    • Notification of changes, 35, 37

    • Prices, effect on, 24

    • World economic outlook exercise and, 36

    • See also SURVEILLANCE OVER EXCHANGE RATE POLICIES and individual countries

    EXECUTIVE BOARD

    • Article IV consultations and the consultation process, 33, 34, 35, 35t, 37, 39, 46

    • Burden sharing, principles of, 50–51, 104

    • Cereal import costs, review of, 47–48, 64

    • Changes in membership, 12427

    • Collaboration with World Bank, 45-46

    • Compensatory financing facility, review of, 47

    • Conditionality: guidelines, 45; review of, 44-45

    • Debt situation and strategy, discussion of, 41-43

    • Enlarged access policy, review of, 47, 99

    • Extended Fund facility, review of, 63

    • International monetary system, discussion of, 31–33, 40–43

    • Liquidity position of Fund, review of, 46, 50–51, 104, 105

    • List of Executive Directors and voting power, 120–23

    • Overdue financial obligations of members: amounts, 49; Managing Director’s statement, 100; special charges, 49–51, 101

    • Performance criteria and phasing of purchases, 45

    • Proposals of Group of Ten and Group of Twenty–Four, discussion of, 31–33, 33–36, 35t, 40

    • SDRs: allocations, 32, 41; holdings of the Fund, 103; role of, 40–41; valuation adjustment of basket, 51

    • Structural Adjustment Facility, establishment of, 48; income from investment and loans: availability for use, 95; list of eligible members and amounts of assistance, 48, 97-98; Managing Director’s statement, 92-94; regulations for administration, 95; review of operation of, 98; use of SDRs in operations, 97

    • Surveillance over exchange rate policies, 33; review of implementation, 92

    • World economic outlook, discussion of, 36, 45

    • See also EXECUTIVE BOARD DECISIONS

    EXECUTIVE BOARD DECISIONS

    • Borrowing arrangement with Saudi Arabian Monetary Agency, 65n

    • Burden sharing, principles of, 50n, 104

    • Charge, rate of, 50n, 105

    • Compensatory financing of fluctuations in cereal import costs, renewal, 47n, 48n, 64n

    • Conditionality: guidelines on, 45n; review of, 99

    • Enlarged access to Fund resources, extension of period and access limits, 47n, 99

    • Extended Fund facility, review of, 63n

    • Fund’s income position: rate of charge, 103; setoff in connection with retroactive reduction of charges due by members in arrears, 103

    • Fund’s SDR holdings, reduction of level, 67n, 103

    • Overdue financial obligations to the Fund, special charges on, 100

    • Repurchases, guidelines for early, 64n

    • Special Disbursement Account, investment, 99; suspension of transfers to supplementary financing facility subsidy account, 68n

    • Structural Adjustment Facility, establishment of, 48; income from investment and loans: availability for use, 95; list of eligible members and amounts of assistance, 48n, 97-98; regulations for administration, 95; review of operation of, 49n, 98; use of SDRs in operations, 97

    • Supplementary financing facility subsidy account: investment, 68n, 69n, 102; means of subsidy payments, 102; suspension of transfers from Special Disbursement Account, 68n; use of SDRs in payment of subsidy, 102

    • Surveillance over exchange rate policies, 33n; review of implementation, 92

    • Trust Fund, termination of, 68n

    • Valuation of SDR: amendment of Rule O-1, 103; basket, revised guidelines for calculation of currency amounts, 102

    EXPORTERS OF MANUFACTURES

    • See DEVELOPING COUNTRIES

    EXTENDED FUND FACILITY

    • Arrangements under, 43, 43t, 48t, 79t, 145t

    • Borrowed resources, use of, 79t

    • Enlarged access to Fund resources, use by members, 77t

    • Executive Board decision, review of, 63, 63n

    • Ordinary resources, use of, 47c, 77t

    • Purchases by members, 47c, 75t, 77t, 81t

    • Purpose of, 133

    • Repurchases by members, 80t

    • Upper credit tranche arrangements, 43t

    • Use of Fund credit, 135

    EXTERNAL RELATIONS OF FUND, 73

    FIJI

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    FINANCES OF FUND

    • Administered accounts, 68-69

    • Borrowed resources suspense accounts, 134

    • Financial statements, 129-61

    • Special Disbursement Account, 95, 99, 134

    • See also GENERAL RESOURCES ACCOUNT TRANSACTIONS

    FINLAND

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t SDRs, 85t

    • Supplementary financing facility subsidy account, contribution to, 89t

    FRANCE

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 3t, 22t, 23, 38 Deficit, fiscal, 2

    • Economic policies, 4, 38

    • European Monetary System, 21, 21c

    • Exchange arrangements, 74t

    • Exchange rates, effective, 18, 19c

    • Group of Five, 1, 4, 18, 20

    • Inflation, 8, 8t, 38

    • Interest rates, 5c, 20c, 38, 50c

    • International reserves, 60t, 611

    • Monetary aggregates, 4t; policy, 3, 38

    • Output, 3t, 6t, 1, 38

    • Plaza Agreement, 1,4, 18, 20

    • Prices, 6t, 8c, 38

    • Role of franc as currency peg, 74t; as reserve currency, 60t, 61t

    • SDRs, 66, 85t

    • Supplementary financing facility subsidy account, contribution to, 89t

    • Unemployment, 7, 7c, 38

    FUEL EXPORTERS

    • See DEVELOPING COUNTRIES

    GABON

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • SDRs, 85t

    GAMBIA, THE

    • Exchange arrangements, 24, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)

    • Fund relations with, 72

    GENERAL ARRANGEMENTS TO BORROW (GAB), 65, 65n, 136-37

    • See also BORROWING BY FUND

    GENERAL RESOURCES ACCOUNT TRANSACTIONS

    • Assessments, 84t, 85t

    • Borrowing by Fund, 82t, 83t, 136-37

    • Charges, 69-70; rate of, 70, 100, 103, 104, 105; special, 70, 100-101

    • Fund credit outstanding, 48t

    • Interest payments received on, 84t, 85t

    • Overdue financial obligations: charges, 101, 103, 105, 136

    • Purchases by members, 63, 48t, 75t, 77t, 78t, 82t, 133, 143

    • Quota payments, 139t Remuneration, 135-36; rate of, 104-105

    • Repurchases by members, 64, 78t, 80t, 82t, 133, 143t; overdue, charges on, 100

    • SDRs, 65-66, 85t: holdings, reduction of, 103; receipt of, 84t, 85t; transactions in, 66-67, 147t; transfers of, 65, 67, 84t, 85t, 147t

    • Usable currencies, 64, 82t(n)

    GERMANY, FEDERAL REPUBLIC OF

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 3t, 15, 22, 22t, 23c

    • Deficit, reduction of, 23, 38

    • Economic policies, 2, 38

    • European Monetary System, 21, 21c

    • Exchange arrangements, 74t

    • Exchange rates, 19c

    • Group of Five, 1, 4, 18, 20

    • Inflation, 8c, 38

    • Interest rates, 5c, 20c, 50c

    • International reserves, 60t, 611

    • Monetary aggregates, 4t; policy, 2, 38

    • Output, 3t, 6t, 7, 38

    • Plaza Agreement, 1,4, 18, 20

    • Prices, 6t, 8c

    • Role of deutsche mark as reserve currency, 60t, 61t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    • Trade, terms of, 22, 23

    • Unemployment, 7c

    GHANA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    GOLD

    • Convertibility, 40

    • Fund holdings, 64n, 82t, 85t, 135

    • Market price, 57-59, 58t

    • Official holdings, 57, 58t, 59

    • Sales by Fund: requirements for approval, 64n; use of proceeds, 68, 68n, 155

    GREECE

    • Exchange arrangements, 74t

    • SDRs, 85t

    GRENADA

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    GROUP OF FIVE

    • Exchange market intervention, 1, 20

    • Plaza Agreement, 1,4, 18, 20

    GROUP OF TEN

    • Proposals on functioning of international monetary system, 31-32, 35t; report on functioning of international monetary system, 31-32, 35t; summary of proposals to enhance surveillance, 35t

    GROUP OF TWENTY-FOUR

    • Proposals on functioning of international monetary system, 31-33, 35t; report on functioning of international monetary system, 31-33, 35t; summary of proposals to enhance surveillance, 35t

    GUATEMALA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    GUINEA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    GUINEA-BISSAU

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    GUYANA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Ineligibility to use Fund resources, 49

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    HAITI

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    HEAVILY INDEBTED COUNTRIES

    • see DEVELOPING COUNTRIES, OTHER

    HONDURAS

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    HUNGARY

    • Exchange arrangements, 74t

    • Repurchases from Fund, 64, 80t

    • SDRs, 85t

    ICELAND

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t SDRs, 85t

    INCOME AND EXPENSES OF FUND, 51, 64, 69-70, 103, 105, 128, 131t

    INDIA

    • Classification, 164, 165

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance and intention not to use, 48, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    INDONESIA

    • Buffer stock facility, use of, 64

    • Exchange arrangements, 74t

    • Repurchases from Fund, 64, 80t

    • SDRs, 85t

    INDUSTRIAL COUNTRIES

    • Balances of payments, 2, 16t, 21-24, 23c

    • Capital markets, 1, 15-16, 17

    • Classification, 162

    • Deficits, fiscal, 2, 4, 20, 21, 24

    • Economic situation and policies, 4, 21-24

    • European Monetary System, 21, 21c

    • Exchange rates, effective, 19c; movements, 18-21, 22

    • Fiscal policies, 2, 18, 23

    • Fixed investment, 6

    • Group of Five, 1,4, 18, 20

    • Group of Ten, report of, 31-32, 35t

    • Inflation, 2, 4, 7-8, 8c, 18

    • Interest rates, 3, 3c, 5c, 7, 18, 20, 20c

    • International bonds, 16, 16n

    • International reserves, 17, 17t, 41, 58t, 60t, 611

    • Monetary aggregates, 4t; policies, 2-3, 4, 20

    • Output, 6, 6t, 7, 18

    • Prices, 6t, 8, 16c

    • Purchases from Fund, 48t SDRs, 85t

    • Structural policies, 4

    • Trade, 7, 8, 22, 23; protectionist pressures, 26, 33, 36, 39; purchasing power of exports, 16t; volume of imports, 16t

    • Unemployment, 7

    • Wages, 7

    INTERIM COMMITTEE

    • Communiqués, 106-13

    • Debt strategy, proposed strengthening of, 36, 42

    • Enlarged access policy, recommendations on, 47

    • Reports from Group of Ten and Group of Twenty-Four, discussion of, 31-32

    • SDR: allocations and role of, review of, 32

    • Structural Adjustment Facility, comments on, 33, 48

    • Surveillance over exchange rate policies, review of, 36

    • World economic outlook, suggestions on review of, 36-37

    INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

    • See WORLD BANK

    INTERNATIONAL COOPERATION

    • Fund’s role in, 42, 45-46, 72-73

    INTERNATIONAL ORGANIZATIONS

    • Fund relations with, 45-46, 72-73

    • SDR as unit of account for, 68, 68n

    INTERNATIONAL PAYMENTS, 12-15, 16-17

    • See also DEVELOPING COUNTRIES and INDUSTRIAL COUNTRIES: Balances of payments

    INTERNATIONAL RESERVES

    • Acquisition, 17, 24, 27, 41

    • Adequacy, 41

    • Bonds, 15, 16, 16n

    • Changes in, 17, 17t, 57, 59

    • Currency diversification, 18, 18n, 59-60, 61t

    • Distribution, 41

    • Evolution of, 16, 57, 59

    • Foreign exchange, 41, 57, 58t: currency composition, 18, 59, 60t, 61t; demand for, 24, 41; official holdings, 17, 17t, 58t, 611; rate of accumulation, 17

    • Fund-related assets, 57, 58t, 58t(n), 62t

    • Fund’s role in providing, 41

    • Gold, 57, 58t, 59

    • Holdings: by members, 136; official, 17, 17t, 58t, 60t, 611; placement of official, 62, 62t

    • Management of, 32

    • Relation to trade, 41

    • Role of capital markets, 41

    INTERNATIONAL TRADE

    • Balances, in developing countries, 25, 26c

    • Exchange rate effects on, 39 Policies, 39

    • Prices, 13, 14t, 15

    • Protectionism, 26, 36

    • Restrictions, 39

    • Terms of trade, 8, 12-15

    • Value, 8, 14t, 16t

    • Volume, 14t, 16t, 27c, 166t

    IRAN, ISLAMIC REPUBLIC OF

    • Exchange arrangements, 74t

    • SDRs, 85t

    IRAQ

    • Exchange arrangements, 74t

    • SDRs, 85t

    IRELAND

    • Article VIII obligations, acceptance of, 91t

    • Employment, 7

    • European Monetary System, 21, 21c

    • Exchange arrangements, 74t

    • Output, 7

    • SDRs, 85t

    ISRAEL

    • Exchange arrangements, 74t

    • Inflation, 9, 12

    • Prices, 12

    • SDRs, 85t

    ITALY

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 2, 3t, 23

    • Deficit, fiscal, 2, 23, 38

    • Economic policies, 2, 38-39

    • European Monetary System, 21, 21c

    • Exchange rates, effective, 18, 19c

    • Inflation, 8, 8c, 18, 38

    • Interest rates, 20c, 38

    • Monetary aggregates, 4t; policy, 3

    • Output, 6t, 7

    • Prices, 6t

    • SDRs, 85t

    • Trade, terms of, 23-24; volume, 24

    • Wages, 39

    JAMAICA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    JAPAN

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 2, 3t, 15, 23c

    • Deficit, fiscal, reduction of, 23

    • Economic policies, 6

    • Exchange arrangements, 74t

    • Exchange rates, effective, 19c, 20-21, 38

    • Group of Five, 1, 4, 18, 20

    • Inflation, 8c

    • Interest rates, 5c, 20c

    • International reserves, 24

    • Monetary aggregates, 4t; policy, 38

    • Output, 3t, 6, 6t, 7, 38

    • Plaza Agreement, 1,4, 18, 20

    • Prices, 6t, 8c, 38

    • Role of yen as reserve currency, 38, 60t, 61t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    • Trade, terms of, 22, 23

    • Unemployment 7, 7c

    JOINT MINISTERIAL COMMITTEE ON THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES

    • See DEVELOPMENT COMMITTEE

    JORDAN

    • Exchange arrangements, 74t SDRs, 85t

    KAMPUCHEA, DEMOCRATIC

    • Exchange arrangements, 74t(n)

    • Quota and remuneration, 70n

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Trust Fund, holdings in, 155

    KENYA

    • Compensatory financing facility, use of, 64

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    KIRIBATI

    • Exchange arrangements, 74t

    • Membership in Fund, 63

    • Quota, 63

    KOREA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    KUWAIT

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    LAO PEOPLE’S DEMOCRATIC REPUBLIC

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    LEBANON

    • Exchange arrangements, 74t SDRs, 85t

    LESOTHO

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    LIBERIA

    • Exchange arrangements, 74t

    • Ineligibility to use Fund resources, 49

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    LIBYAN ARAB JAMAHIRIYA

    • Classification by Fund, 162

    • Exchange arrangements, 74t

    • SDRs, 85t

    LIQUIDITY POSITION OF FUND, 46, 64

    LUXEMBOURG

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    MADAGASCAR

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t Supplementary financing facility subsidy account, beneficiary, 89t

    MALAWI

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 63, 79t, 145t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t Supplementary financing facility subsidy account, beneficiary, 89t

    MALAYSIA

    • Article VIII obligations, acceptance of, 91t

    • Buffer stock financing facility, use of, 64

    • Exchange arrangements, 74t

    • Repurchases from Fund, 64, 80t

    • SDRs, 85t

    MALDIVES

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    MALI

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    MALTA

    • Exchange arrangements, 74t

    • SDRs, 85t

    MARKET BORROWERS

    • See DEVELOPING COUNTRIES

    MAURITANIA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    MAURITIUS

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    MEMBERSHIP IN FUND

    • Kiribati, new member, 63

    • Poland, new member, 63

    • Tonga, new member, 63

    MEXICO

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 63, 79t

    • Purchases from Fund, 63, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    MIDDLE EAST

    • Balances of payments, 11, 22t

    • Capital formation of developing countries, 12c

    • Classification, 162

    • Debt of developing countries, 28, 29t, 166t

    • Economic policies, 11

    • Exchange rates, 24, 25c

    • Living standards, 11

    • Official borrowing, 166t

    • Output of developing countries, 10t, 11, 11c, 166t

    • Prices of developing countries, 11, 13t

    • Purchases of developing countries from the Fund, 89t

    • Trade, 24, 25, 166t

    • Use of Fund credit, 28

    MOROCCO

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    • Technical assistance by Fund, 71

    MOZAMBIQUE

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    NEPAL

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    NETHERLANDS

    • Article VIII obligations, acceptance of, 91t

    • European Monetary System, 21, 21c

    • Exchange arrangements, 74t

    • Role of guilder as reserve currency, 60t, 61t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    • Supplementary financing facility subsidy account, contribution to, 89t

    NEW ZEALAND

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    NICARAGUA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    NIGER

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    NIGERIA

    • Classification by Fund, 162

    • Exchange arrangements, 74t

    • Output, 11

    • SDRs, 85t

    • Supplementary financing facility, 83t

    NON-FUEL EXPORTERS

    • See DEVELOPING COUNTRIES

    NON-OIL DEVELOPING COUNTRIES

    • See DEVELOPING COUNTRIES

    NORWAY

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility subsidy account, contribution to, 89t

    OFFICIAL BORROWERS

    • See DEVELOPING COUNTRIES

    OIL EXPORTING COUNTRIES

    • See DEVELOPING COUNTRIES

    OIL FACILITY

    • Borrowing by Fund for, 83t

    • Purchases by members, 47c, 811, 82t

    • Use of Fund credit, 811

    OMAN

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    PAKISTAN

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    PANAMA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    PAPUA NEW GUINEA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Technical assistance by Fund, 71

    PARAGUAY

    • Exchange arrangements, 74t

    • SDRs, 85t

    PARIS CLUB, 43

    PERU

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Inflation, 9, 12

    • Prices, 12

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    PHILIPPINES

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 63, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    POLAND

    • Exchange arrangements, 74t

    • Membership in Fund, 63

    • Quota, 63

    PORTUGAL

    • Exchange arrangements, 74t

    • SDRs, 85t

    PRICES

    • Commodity, non-oil primary, 1, 12, 13, 14t, 15c

    • Consumer, in developing countries, 8c, 13t

    • Decline in, 1, 8, 12, 13

    • Effect on current and trade balances, 9, 11, 12, 13

    • Increase in, 12

    • Manufactures, 9, 13, 14t

    • Oil, 1, 12, 13, 14t, 15, 16c

    • Trends, 12, 14

    • Trade: by major commodity groups, 14t; exchange rate effects on, 18, 20

    PRIMARY PRODUCT EXPORTERS

    • See DEVELOPING COUNTRIES

    PUBLICATIONS OF FUND, 90t

    QATAR

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    QUOTAS OF FUND MEMBERS

    • Eighth General Review, increases, 57

    • List of members, with quotas, 139t

    • New quotas established for Kiribati and Poland, 63

    • Ninth General Review, 63

    • Payment in SDRs, 57, 63, 139t

    • Total, 63, 139t

    RESERVE TRANCHE

    • Positions of members, 82t

    • Purchases by members, 75t, 77t, 82t

    ROMANIA

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    RULES AND REGULATIONS

    • Amendments: Rule 1-10, rate of remuneration, 50, 104; Rule 0-1, value of SDR, 103

    • Rule D-3, review of quotas, 63

    • Rule 1-6(4), reduction in rate of charge, 103, 104, 105

    • Rule 1-6(8), rate of charge, 100

    • Rule P-9, recording payments of subsidy in SDRs, 102

    RWANDA

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    ST. CHRISTOPHER AND NEVIS

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    ST. LUCIA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    ST. VINCENT

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • SãO TOMé and PRINCIPE Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    SAUDI ARABIA

    • Article VIII obligations, acceptance of, 91t

    • Enlarged access policy, borrowing agreement for, 65, 65n

    • Exchange arrangements, 74t

    • Role in Organization of Petroleum Exporting Countries, 65

    • SDRs, 85t

    • Supplementary financing facility, 83t

    • Supplementary financing facility subsidy account, contribution to, 89t

    SDRs

    • Allocations, 32, 41, 85t

    • Assessments, use in payment of, 84t, 85t

    • Assets denomination in, 67, 68, 99, 101

    • Charges, 50-51, 69-70, 84t, 85t;

    • rate of, 50-51, 104-105

    • Holdings: by Fund, 65-66, 103, 135, 139t; by members, 41, 65-66, 85t; in General Resources Account, 65, 67, 84t, 85t; reduction in, 69, 103

    • Interest rate on, 50, 50c, 65, 70, 89t

    • Payment of interest by Fund, use in, 84t

    • Prescribed holders of, 66, 66n, 68-69

    • Purchases from Fund, 77t, 84t

    • Purposes, 40

    • Quotas, use in payment of, 57, 84t, 139t

    • Reconstitution, 84t

    • Remuneration paid to Fund members, 50-51, 69, 70, 84t; rate of, 50c, 70, 89t, 104-105

    • Repayment of lenders by Fund, use in, 65, 84t

    • Repurchases from Fund, 80t, 84t

    • Role in international economy, study of, 40-41

    • Transactions and operations, summary of, 66-67, 85t

    • Transfers: among participants and prescribed holders, 65, 67, 84t, 102; by agreement, 65, 66, 67, 84t; to and from General Resources Account, 65, 66, 67, 84t, 85t; with designation, 65, 66, 67, 84t, 85t

    • Two-way arrangement with one participant, 67

    • Uses: currency peg, 68, 74t; loans and settlements, 67; unit of account, 67, 68

    • Valuation basket, adjustment of, 51, 51n, 65, 102, 103

    SDR DEPARTMENT

    • Operations, 46, 65-67, 84t, 85t

    • Participants, 65, 85t

    • Prescribed holders, 66, 66n, 68-69

    • Transfers: among participants and prescribed holders, 65, 67, 102; by agreement, 46, 66-67; with designation, 46, 66, 84t, 85t

    SENEGAL

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    SERVICE AND REMITTANCE COUNTRIES

    • See DEVELOPING COUNTRIES

    SEYCHELLES

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    SIERRA LEONE

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    SINGAPORE

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    SMALL LOW-INCOME COUNTRIES

    • See DEVELOPING COUNTRIES, OTHER

    SOLOMON ISLANDS

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    SOMALIA

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    SOUTH AFRICA

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 25

    • Classification by Fund, 162

    • Exchange arrangements, 74t

    • Output, 11

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    SPAIN

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Unemployment, 7

    SPECIAL DRAWING RIGHTS

    • See SDRs

    SPECIAL DRAWING RIGHTS DEPARTMENT

    • See SDR DEPARTMENT

    SRI LANKA

    • Buffer stock facility, use of, 64

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Repurchases from Fund, 64, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    STAFF OF THE FUND, 46, 73

    • Article IV consultation reports, 34 Staff Retirement Plan, 157-61

    STAND-BY ARRANGEMENTS FOR FUND MEMBERS

    • Balance of payments adjustment, role in, 43-44

    • Borrowed resources, use of, 63

    • Commitments under, 63, 89t, 138, 145t

    • Enlarged access to Fund resources, use by members, 44, 63, 77t, 80t

    • In financial year 1985/86, 43, 43t, 63, 76t

    • Ordinary resources, use of, 77t

    • Overdue financial obligations to Fund, ineligibility of member to use resources of Fund, 49

    • Performance criteria and phasing of purchases, relationship with, 45

    • Summary of, 76t, 78t, 145t

    • Upper credit tranche, 43t

    STRUCTURAL ADJUSTMENT FACILITY

    • Administration, regulations for, 95

    • Amounts of assistance, 96, 98t

    • Collaboration with World Bank, 46, 49, 93-94

    • Conditionality, 74

    • Disbursements, 95, 96

    • Eligibility of members for use, 48-49, 93, 98t

    • Establishment, 48

    • List of members eligible for assistance, 98t

    • Loan terms, 96, 97

    • Managing Director’s statement on, 92-95

    • Policy framework, 93

    • Purposes, 95

    • Review of, 98

    • SDR as unit of account, 97

    • Special Disbursement Account: resources of, 95; income from investment and loans, 95, 99

    • Use of SDRs in operations, 97

    SUB-SAHARAN AFRICA

    • See DEVELOPING COUNTRIES, OTHER

    SUDAN

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Ineligibility to use Fund resources, 49

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    SUPPLEMENTARY FINANCING FACILITY

    • Borrowing by Fund for, 70, 80t, 82t, 83t, 136

    • Charge, rate of, 70

    • Purchases by members, 89t, 135

    • Purpose, 133, 151

    • Repayments by Fund to lenders, 83t, 144t

    • Repurchases by members, 80t

    • Subsidy account, 68-69, 101, 149t, 150t, 151; donations to, 89t; establishment, 68; investment, 68, 102; means of subsidy payments, 68, 102; use of SDRs in payment of subsidy, 102

    • Subsidy payments, 89t

    • Suspension of transfers, 68-69

    • Switzerland, lending for, 83t

    • Use of Fund credit, 811, 135

    SURINAME

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    SURVEILLANCE OVER EXCHANGE RATE POLICIES

    • Article IV: consultations’ role in, 33, 34, 37; reports, content of, 34, 43

    • Developing countries, 33, 36, 37; debt situation, 41-43

    • Enhanced surveillance, proposals for, 33-36, 35t, 43

    • Executive Board decisions on, 33, 33n, 92

    • Executive Board review of, 33-36, 92

    • Industrial countries, 37-39; debt strategy, 39, 41-42

    • In financial year 1985/86, 36-39

    • Multilateral surveillance, strengthening of, 33

    • Policy strategy, effects on, 36, 37, 39

    • Procedures for, implementation of, 92

    • Relation to debt rescheduling, 43

    • Role of Fund Managing Director in, 34, 35

    • Scenarios, medium-term, use of, 37

    • Structural issues, emphasis on, 39

    • World economic outlook exercise’s role in, 36, 37

    SWAZILAND

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    SWEDEN

    • Article VIII obligations, acceptance of, 91t

    • Deficit, fiscal, 24

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility subsidy account, contribution to, 89t

    SWITZERLAND

    • International reserves, 58t

    • Prescribed holder of SDRs, 66, 66n

    • Role of franc as reserve currency, 60t, 61t

    • SDRs, 85t

      • prescribed holder of, 66, 66n

    • Supplementary financing facility, 83t

    • Supplementary financing facility subsidy account, contribution to, 89t

    SYRIAN ARAB REPUBLIC

    • Exchange arrangements, 74t

    • SDRs, 85t

    TANZANIA

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    TECHNICAL ASSISTANCE BY FUND, 71-72

    THAILAND

    • Buffer stock financing facility, use of, 64

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    TOGO

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    TONGA

    • Exchange arrangements, 74t

    • Membership in Fund, 63

    • Quota, 63

    TRINIDAD AND TOBAGO

    • Exchange arrangements, 74t

    • SDRs, 85t

    TRUST FUND

    • Borrowing, 155-56

    • Distribution of profits from sale of gold by Fund, 155

    • Loans, 68, 155

    • Purpose, 155

    • Repayment by members, 68; overdue, 68, 155

    • Termination, 68, 156

    • See also SUPPLEMENTARY FINANCING FACILITY: subsidy account

    TUNISIA

    • Exchange arrangements, 74t

    • SDRs, 85t

    TURKEY

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    UGANDA

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    UNITED ARAB EMIRATES

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    UNITED KINGDOM

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 2, 3t, 23

    • Borrowing, ratio to GDP, 38

    • Deficit, fiscal, stabilization of, 2

    • Economic policies, 2, 38

    • Exchange arrangements, 74t

    • Exchange rates, effective, 19c, 21

    • Group of Five, 1, 4, 18, 20

    • Inflation, 8c

    • Interest rates, 5c, 20c, 38

    • Monetary aggregates, 4t, 38; policy, 2, 38

    • Output, 3t, 6t, 7, 38

    • Plaza Agreement, 1, 4, 18, 20

    • Prices, 6t, 8c, 18, 38

    • Role of pound sterling as reserve currency, 60t, 61t

    • SDRs, 85t

    • Unemployment, 7, 7c, 38

    UNITED STATES

    • Article VIII obligations, acceptance of, 91t

    • Balance of payments, 3t, 6, 22, 22t, 23c, 37

    • Capital movements, 24, 37

    • Debt initiative of U.S. Treasury, 1, 4, 28, 38, 40, 42

    • Deficit, fiscal, 1, 2, 4, 28, 38

    • Economic policies, 1, 2, 4, 38

    • Exchange arrangements, 74t

    • Exchange rates, effective, 19c, 20

    • Fixed investment, 6

    • Group of Five, 1, 4, 18, 20

    • Inflation, 4, 8c, 37

    • Interest rates, 3, 4, 18

    • Monetary aggregates, 4t; policy, 4, 37

    • Output, 3t, 6, 6t

    • Plaza Agreement, 1, 4, 18, 20

    • Prices, 6t, 8c, 13t

    • Role of dollar as reserve currency, 57, 60t, 61t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    • Trade, 22; protectionist pressures, 38

    • Use of dollar as currency peg, 74t

    • Unemployment, 7, 7c

    URUGUAY

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    VANUATU

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    VENEZUELA

    • Article VIII obligations, acceptance of, 91t

    • Exchange arrangements, 74t

    • SDRs, 85t

    • Supplementary financing facility, 83t

    VIET NAM

    • Exchange arrangements, 74t

    • Ineligibility to use Fund resources, 49

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    WESTERN HEMISPHERE

    • Balances of payments, developing countries, 22t, 26c

    • Capital formation, developing countries, 11, 12, 12c

    • Commercial bank borrowing, 29c

    • Debt, developing countries, 29t, 30, 166t

    • Exchange rates, developing countries, 24

    • Living standards, developing countries, 11

    • Output, developing countries, 10, 10t, 11c, 166t

    • Prices, developing countries, 12, 13t

    • Trade, developing countries, 25, 26c, 27, 27c

    • Unemployment, 7, 11

    WESTERN SAMOA

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    WORLD BANK

    • Fund collaboration with, 32-33, 45-46

    • Fund relations with, 45-46, 72

    • Fund consultation reports, 34

    • SDRs: prescribed holder of, 66, 66n, 68-69; use as unit of account, 68, 68n

    • Structural Adjustment Facility, collaboration on, 46, 49, 93-94

    • Supplementary financing facility subsidy account, investment, 68, 68n, 101

    YEMEN ARAB REPUBLIC

    • Exchange arrangements, 74t

    • Purchases from Fund, 77t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    YEMEN, PEOPLE’S DEMOCRATIC REPUBLIC OF

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    YUGOSLAVIA

    • Exchange arrangements, 74t

    • Debt rescheduling, 43

    • Purchases from Fund, 63, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    ZAÏRE

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 76t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    ZAMBIA

    • Exchange arrangements, 74t

    • Extended arrangement with Fund, 79t

    • Purchases from Fund, 77t

    • Repurchases from Fund, 80t

    • SDRs, 85t

    • Stand-by arrangement with Fund, 63, 76t, 145t

    • Structural Adjustment Facility, eligibility for assistance, 98t

    • Supplementary financing facility subsidy account, beneficiary, 89t

    ZIMBABWE

    • Exchange arrangements, 74t

    • Repurchases from Fund, 80t

    • SDRs, 85t

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