Back Matter

Author(s):
International Monetary Fund
Published Date:
January 1988
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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, 97t

    AFGHANISTAN

    • Exchange arrangements, 87t

    • SDRs, 100t

    AFRICA

    • Balance of payments, 27t, 30

    • Capital formation, 13c

    • Debt, 33–34;

      • and debt-service ratios, 33t;

      • debt-to-export ratios, 33;

      • outstanding, 217t

    • Exchange rates, 25c

    • Inflation, 15

    • Investment, 13

    • Living standards, 11, 13c

    • Output, 12, 13c, 217t

    • Prices, 15t

    • Purchases from Fund, 54t

    • Sub-Saharan countries, 1,8, 12, 15t, 29c, 30, 217t

    • Trade: exports, 12, 17, 30, 217t;

      • imports, 17c, 30

    ALGERIA

    • Classification by Fund, 216

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Technical assistance by Fund, 82

    ANTIGUA AND BARBUDA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    ARGENTINA

    • Article VIII obligations, acceptance of, 107t

    • Bank lending to, 19

    • Exchange arrangements, 87t

    • Financing innovations, 45, 46

    • Inflation, 9

    • Output, 12

    • Purchases from Fund, 72, 73, 90t

    • Repurchases from Fund, 55, 93t

    • SDRs, l00t

    • Stand-by arrangement with Fund, 73, 89t, 182t

    ARTICLES OF AGREEMENT

    • Article III, Section 2(a), review of quotas, 58,138–39

    • Article IV, consultations with members, 37–40, 43–44, 109

    • Article IV, Section 3(b), surveillance over exchange rate policies, 35, 35n, 109

    • Article VII, Section 1, borrowing by the Fund, 134

    • Article VIII, members accepting obligations of, 107t

    • Article XVII, Section 3, use of SDRs in payment of Trust Fund obligations, 135

    • Article XVIII, Section 1(a), global need for reserves, 53

    • Article XXVI, Section 2(a), ineligibility to use general resources, 57

    ASIA

    • Balance of payments, 27t, 29c, 30;

      • of newly industrializing economies, 9, 25, 30

    • Capital formation, 13c

    • Debt, 30, 33;

      • and debt-service ratios, 33t;

      • outstanding, 217t

    • Exchange rates, 25c

    • Inflation, 15

    • Living standards, 11, 13c

    • Output, 11, 12t, 217t

    • Prices, 15t, 21c

    • Purchases from Fund, 54t

    • Trade: balances, 29c;

      • exports, 17, 30, 217t;

      • imports, 17, 17c, 30

    AUSTRALIA

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6, 11, 28

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • Fiscal policy, 28

    • Output, 28

    • SDRs, 100t

    AUSTRIA

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6

    • Equity prices, 21e(n)

    • Exchange arrangements, 87t

    • Inflation, 14

    • SDRs, 100t

    • Supplementary financing facility, 97t

    BAHAMAS, THE

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    BAHRAIN

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    BANGLADESH

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    BANK FOR INTERNATIONAL SETTLEMENTS (BIS)

    • Borrowing agreements with Fund, 75

    • Borrowed Resources Suspense Accounts, deposits in, 75, 170

    • Prescribed holder of SDRs, 76n, 103t

    • Supplementary Financing Facility Subsidy Account, resources of, 79

    BARBADOS

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    BELGIUM

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6

    • Equity prices, 21c(n)

    • European Monetary System, 23

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • Inflation, 14

    • SDRs, 100t

    • Supplementary financing facility, 97t

    BELIZE

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    BENIN

    • Exchange arrangements, 87t

    • SDRs, 100t

    BHUTAN

    • Exchange arrangements, 87t

    • SDRs, 100t

    BOARD OF GOVERNORS

    • Interim Committee on the International Monetary System (Interim Committee): communiqués, 140–50

    • Joint Ministerial Committee of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee): communiqués, 151–55

    • Quotas, Ninth General Review, 58, 138;

      • Executive Board Report, 58, 138–39

    • Resolution on quota increase, proposed, 58, 58n, 139

    BOLIVIA

    • Article VIII obligations, acceptance of, 107t

    • Debt buy-back scheme, 46

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    • Voluntary Contribution Accounts, use of, 199, 200

    BORROWING BY FUND

    • Bank for International Settlements, 75

    • Enlarged access to Fund resources, 74–75, 96t, 174, 181

    • General Arrangements to Borrow, 75, 96t, 134–35, 174–75

    • Guidelines for, 174–75

    • Interest on, 99t

    • Japan, arrangement with, 75, 96t, 174

    • Oil facility, in connection with, 96t

    • Repayment of, 75, 97t, 181t

    • Saudi Arabian Monetary Agency, 75, 133–35

    • Supplementary financing facility, 75, 97t, 174

    BOTSWANA

    • Exchange arrangements, 87t

    • SDRs, 100t

    BRAZIL

    • Debt conversion, 46

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Inflation, 9, 12

    • Interest payments, suspension of, 44

    • Output, 12

    • Paris Club debt rescheduling agreement, 47

    • Repurchases from Fund, 93t

    • SDRs, 100t

    BUDGET OF THE FUND, 164

    BUFFER STOCK FINANCING FACILITY

    • Access limits, 56

    • International Natural Rubber Agreement, 74

    • Purchases by members, 74, 95t, 96t, 180t

    • Purpose, 74, 169

    • Repurchases by members, 93t

    • Use of Fund credit, 95t

    BURKINA FASO

    • Exchange arrangements, 87t

    • SDRs, 100t

    BURMA

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Technical assistance by Fund, 84

    BURUNDI

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    CAMEROON

    • Exchange arrangements, 87t

    • SDRs, 100t

    CANADA

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 5t, 26c, 27t, 28, 39

    • Deficit, fiscal, 6, 28, 39

    • Economic policies, 2, 3, 39

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • Exchange rates, effective, 23, 24c

    • Fiscal policy, 5t, 39

    • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

    • Inflation, 14, 14c, 39

    • Interest rates, 7c

    • Louvre Accord, 2–3, 4, 6, 21, 22, 36, 37

    • Monetary policy, 39;

      • aggregates, 6t

    • Output, 6t, 10, 10t, 28, 39

    • Prices, 10t, 14c, 39, 21c(n)

    • SDRs, 100t;

      • transactions with designation, 77

    • Supplementary financing facility, 97t

    • Trade, 28, 39;

      • agreement with United States, 39;

      • terms of, 28

    • Unemployment, 11

    CAPE VERDE

    • Exchange arrangements, 87t

    • SDRs, 100t

    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, 30, 31, 31t, 32

    • Balance of payments adjustment, financing of, 30–31

    • Capital formation, 13, 13c

    • Deregulation of, 8

    • Exchange rate effects on, 22, 23, 24c

    • Eurocurrency markets, 67–71

    • Growth of, 18–19

    • International bond markets, 19

    • International liquidity, role in providing, 52

    • Liberalization of, 39

    CENTRAL AFRICAN REPUBLIC

    • Exchange arrangements, 87t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    CHAD

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    CHILE

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 73, 92t, 182t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    CHINA

    • Classification by Fund, 215

    • Exchange arrangements, 87t

    • Output, 9, 12

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, eligibility for assistance and intention not to use, 50, 75

    • Technical assistance by Fund, 83, 84

    CLASSIFICATION OF COUNTRIES, 213–17

    COLOMBIA

    • Exchange arrangements, 87t

    • SDRs, 100t

    COMMERCIAL BANK LENDING TO DEVELOPING COUNTRIES

    • Capital importing countries, 31t

    • Debt: amount outstanding, 217t;

      • capital importing countries’, 217t;

      • debt and debt-service ratios, 33t;

      • situation and strategy, 44–47

    • Decline in, 44–45

    • Fund’s role in promoting, 45

    • Indebted countries, 45–46

    • List of heavily indebted countries, 216

    • Multiyear restructuring agreements (MYRAs), 45

    COMOROS

    • Exchange arrangements, 87t

    • SDRs, 100t

    COMPENSATORY FINANCING FACILITY

    • Access limits, 50, 56

    • Contingency component, 49–50;

      • purpose of, 49–50;

      • access limits, 50

    • General resources of Fund, use of, 55c

    • Purchases by members, 55, 72–74, 88t, 90t, 96t

    • Purpose, 49–50, 169

    • Repurchases by members, 93t

    • Use of Fund credit, 95t

    COMPENSATORY AND CONTINGENCY FINANCING FACILITY

    • Access limits, 50, 56

    • Contingency mechanism, 49–50;

      • Executive Board review of, 49

    • Purpose, 4, 49–50

    CONDITIONALLY

    • Current issues in, 48

    • Guidelines on, 48n, 49

    • Implementation of, 48–49

    • Review of, 47–48, 48n, 49

    • Role of Fund in, 47–49

    • Structural adjustment facility, in connection with, 117;

      • collaboration with World Bank, 76

    CONGO

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    CONSULTATIONS WITH FUND MEMBERS, 35–37, 39–43, 44, 109

    • Focus of, 35–37, 39–40

    • Frequency of, 35, 43, 44;

      • bi-cyclic procedure, 43–44, 109

    • Guidelines for, 43;

      • modifications in, 43–44

    • Indicators, use of, in, 42–43

    • Managing Director’s role in, 44, 109

    • Reports on, interim, 44

    • Staff’s role in, 35, 43–44

    • Streamlining of consultation process, 44

    • Trade issues, coverage of, 39–41

    • World Economic Outlook exercise and, 35–36

    COSTA RICA

    • Article VIII obligations, acceptance of, 107t

    • Debt conversion, 46

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    CÔTE D’lVOIRE

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Interest payments, suspension of, 44

    • Purchases from Fund, 74, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    COUNTRIES, CLASSIFICATION OF

    • See CLASSIFICATION OF COUNTRIES

    COUNTRIES WITH DEBT-SERVICING PROBLEMS

    • See DEVELOPING COUNTRIES

    COUNTRIES WITHOUT DEBT-SERVICING PROBLEMS

    • See DEVELOPING COUNTRIES

    CREDIT TRANCHE

    • Purchases from Fund, 55, 72, 88t, 90t, 96t, 169

    • Repurchases from Fund, 93t

    CYPRUS

    • Exchange arrangements, 87t

    • SDRs, 100t

    DENMARK

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6, 28

    • Equity prices, 21c(n)

    • European Monetary System, 23

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • Output, 28

    • SDRs, 100t

    DEVELOPING COUNTRIES

    • Arrears, 32, 44, 56–57

    • Balance of payments, 1, 4, 8, 25, 27t, 28, 29–30, 29c, 31

    • Capital formation, 13c;

      • markets, 18–19

    • Classification, 213–17

    • Commercial bank borrowing, 4, 19 30–33

    • Debt, 4, 8, 30–33, 32c;

      • debt-to-export ratio, 4, 9, 30–33, 32c;

      • and debt-service ratios, 32–33, 33t;

      • outstanding, 33, 217t;

      • rescheduling, 46–47

    • Deficits, fiscal, 8, 9, 40

    • Economic situation and policies, 8–9, 11–13

    • Exchange rates, effective, 23, 25c, 40

    • Financing, 8, 30, 31t, 32, 45–46;

      • innovations in, 46

    • Ineligibility to use Fund resources, 57

    • Inflation, 4, 15, 15t, 36, 40

    • International bonds, 19

    • International reserves, 19–20, 22t, 65, 66t, 68t

    • Living standards, 11, 13c

    • Monetary policies, 15

    • Output, 1, 11–13, 12t, 28–30, 29c, 217t

    • Prices: consumer, 15t;

      • non-oil primary commodity, 17–18, 18c, 36;

      • oil, 18c

    • Purchases from Fund, 54t, 72–74, 105t

    • Reserves, 19, 20, 31, 65

    • SDRs, holdings of, 104t

    • Trade: balance, 29, 29c;

      • exports, 8–9, 12t, 16t, 17, 28–30, 29c, 217t;

      • imports, 16t, 17c;

      • liberalization, 40;

      • terms of, 16t, 28–30

    • Capital Exporting Countries

      • Balance of payments, 8

      • Classification, 215, 216

      • Debt, outstanding, 217t

      • Financing, 30–32, 31t

      • Output, 217t

      • SDRs, holdings of, 104t

      • Trade: exports, 217t

    • Capital Importing Countries

      • Balance of payments, 8

      • Classification, 215–16

      • Debt: and debt-service ratios, 33t;

        • outstanding, 217t

      • Deficits, fiscal, 31t

      • Financing, 31t, 32

      • International reserves, 31t, 65, 66t

      • Output, 217t

      • SDRs, holdings of, 104t

      • Trade: exports, 217t;

        • imports, 17c

      • Use of Fund credit, 31t

    • Diversified Borrowers

      • Classification, 216

      • Debt, outstanding, 217t

      • Output, 217t

      • Trade: exports, 217t

    • Market Borrowers

      • Balance of payments, 27t

      • Classification, 215

      • Debt, outstanding, 217t

      • Output, 217t

      • Trade: exports, 217t

    • Official Borrowers

      • Balance of payments, 27t

      • Classification, 215–16

      • Debt: and debt-service ratios, 33t;

        • outstanding, 217t

      • Output, 217t

      • Trade: exports, 217t

    • Countries with Debt-Servicing Problems

      • Debt: and debt-service ratios, 33t;

        • debt stocks and debt-to-export ratios, 32c;

        • outstanding, 217t

    • Definition, 216

    • Financing, 4, 32

    • Output, 12t, 217t

    • SDRs, holdings of, 104t

    • Trade: exports, 217t;

      • imports, 17c

    • Countries without Debt-Servicing Problems

      • Debt: debt stocks and debt-to-export ratios, 32c;

        • outstanding, 217t

    • Definition, 216

    • Financing, 4, 32

    • Output, 217t

    • SDRs, holdings of, 104t

    • Trade: exports, 217t;

      • imports, 17c

    • Fuel Exporters

      • Balance of payments, 8, 27t, 28–29, 29c, 31

      • Classification, 214

      • Debt, outstanding, 217t

      • Economic policies, 11, 28

      • Output, 1, 11–12, 12t

      • Reserves, 31

      • Trade: balance, 29c;

        • exports, 16t, 17, 29c, 217t;

        • imports, 16t, 17;

        • terms of, 16t

    • Non-Fuel Exporters

      • Balance of payments, 27t, 29, 29c, 30

      • Debt, outstanding, 217t

      • Definition, 214

      • Output, 1, 12t, 28, 217t

      • Trade: balance, 29c;

        • exports, 16t, 17, 29c, 217t;

        • imports, 16t;

        • terms of, 16t, 29

    • Exporters of Manufactures

      • Balance of payments, 31

      • Classification, 215

      • Debt, outstanding, 217t

      • Deficits, fiscal, 9

      • Output, 1, 12t, 217t

      • Reserves, 31

      • Trade: exports, 30, 217t;

        • imports, 17c

    • Primary Product Exporters

      • Balance of payments, 8

      • Classification, 214

      • Debt, outstanding, 217t

      • Deficit, fiscal, 9

      • Financing, 30

      • Output, 12t, 17, 217t

      • Trade: exports, 217t;

        • terms of, 30

    • Agricultural exporters

      • Debt, outstanding, 217t

      • Definition, 214

      • Output, 217t

      • Trade: exports, 217t

    • Mineral exporters

      • Classification, 214

      • Debt, outstanding, 217t

      • Output, 217t

      • Trade: exports, 217t

    • Service and Remittance Countries

      • Classification, 215

      • Debt, outstanding, 217t

      • Output, 12t, 217t

      • Trade: exports, 217t

    • Non-Oil Developing Countries

      • Classification, 217

      • Debt, outstanding, 217t

      • Economic policies, 17

      • Output, 217t

      • Prices, oil, 17

      • Trade: exports, 217t

    • Oil Exporting Countries

      • Classification, 216, 216n, 217

      • Debt, outstanding, 217t

      • Output, 217t

      • Prices, oil, 17, 18c

      • Trade: exports, 217t;

        • terms of, 17

    DEVELOPING COUNTRIES, OTHER

    • Capital Importing Fuel Exporters Classification, 216

    • Debt, outstanding, 217t

    • Output, 217t

    • Trade: exports, 217t;

      • imports, 17c

    • Heavily Indebted Countries

    • Arrears, payments, 44

    • Classification, 216

    • Debt: debt stocks and debt-to-export ratios, 32c;

      • outstanding, 4, 217;

      • strategy, 4, 45

    • Economic policies, 4

    • Financing, 1, 4, 45–46;

      • innovations in, 45, 46

    • Investment, 45

    • Output, 12t, 217t

    • Stand-by and extended arrangements, 49

    • Trade: exports, 17, 217t;

      • imports, 17c

    • Small Low-Income Countries Classification, 216

    • Debt: burden, 4, 33;

      • debt stocks and debt-to-export ratios, 32c;

      • outstanding, 217t

    • Financing, 45;

      • role of Fund and World Bank in, 47, 48–51;

      • structural adjustment facility and enhanced structural adjustment facility in, 32, 50–51

    • Output, 217t

    • Paris Club debt rescheduling agreements, 46–47

    • Stand-by and extended arrangements, 49

    • Structural adjustment facility, assistance under, 50;

      • enhanced structural adjustment facility, 50–51

    • Trade: exports, 217t;

      • imports, 17c

    • Sub-Saharan Africa Balance of payments, 1, 29c, 30

    • Classification, 216

    • Debt, outstanding, 217t

    • Deficit, fiscal, 30

    • Financing, 8

    • Living standards, 11

    • Output, 1, 12, 12t, 217t

    • Prices, 8, 15t

    • Trade: balance, 29c;

      • exports, 12, 217t;

      • terms of, 12, 30

    DEVELOPMENT COMMITTEE Communiqués, 151–55

    DIVERSIFIED BORROWERS

    • See DEVELOPING COUNTRIES

    DJIBOUTI

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    DOMINICA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    DOMINICAN REPUBLIC

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    ECUADOR

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Exchange rates, 25

    • Financing innovations, 46

    • Interest payments, suspension of, 44

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    EGYPT

    • Classification by Fund, 213

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Paris Club debt rescheduling agreement, 47

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 73, 89t, 182t

    EL SALVADOR

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    ENHANCED STRUCTURAL ADJUSTMENT FACILITY

    • Access to resources, 130–32, 133

    • Assistance to low-income countries, 4, 32, 50, 119

    • Borrowing for, 122–23, 197

    • Establishment, 47, 50, 76, 119

    • Executive Board Decisions on, 119–33

    • Fund-Bank collaboration, 50–51

    • Loans: framework for lending, 130–31;

      • terms and conditions of, 129–30

    • Managing Director’s summary, 128–32

    • Operation, 196–97

    • Policy framework papers, requirement of, 50–51, 115–116, 130;

      • seminar on, 51

    • Purpose, 50, 196

    • Resources, 195t;

      • transfer of, 132

    • Trust: access to resources, 133;

      • administration, 127–28;

      • establishment, 119;

      • Fund as Trustee, 120, 133;

      • loans, 120–22, 129–31;

      • purpose, 120;

      • Trust instrument, 120–27

    ENLARGED ACCESS TO FUND RESOURCES

    • Access limits, modification, 56, 109

    • Borrowed Resources Suspense Accounts, 170

    • Borrowing by Fund for, 74–75, 96t, 174, 181

    • Charge, rate of, 80

    • Executive Board Decisions, 109–110

    • Extension of, 109

    • Fund’s general resources, use of, 55c

    • Ordinary and borrowed resources, use of, 110

    • Purchases from Fund, 90t, 180t

    • Purpose, 170

    • Repayments of Fund borrowing, 181t

    • Repurchases from Fund, 93t

    • Use of Fund credit, 95t

    EQUATORIAL GUINEA

    • Exchange arrangements, 87t

    • SDRs, 100t

    EQUITY MARKETS, 6, 8, 20–21, 21c

    ETHIOPIA

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    EUROPE

    • Balance of payments, developing countries, 27t, 29c

    • Capital formation, 13c

    • Debt: and debt-service ratios, developing countries, 33t;

      • outstanding, 217t

    • European Monetary System, 23

    • Exchange rates, 25c

    • Inflation, 14

    • Interest rates, 8, 23

    • Living standards, developing countries, 13c

    • Output, developing countries, 12t, 13c, 217t

    • Prices, 15t, 21c

    • Purchases from Fund, developing countries, 54t

    • Trade: balance, developing countries, 29c;

      • exports, 12, 20, 217t;

      • imports, 17c

    • Unemployment, 8, 11, 11c

    EUROPEAN MONETARY SYSTEM (EMS)

    • European currency units (ECUs), role as reserve currency, 67–70, 69t, 70, 71t

    • European Monetary Cooperation Fund, 67, 70, 70n

    • Exchange rates, 23;

      • realignment, 23

    • Gold holdings, 67, 70, 70n

    • Participants, currencies of, 23

    EXCHANGE MARKETS

    • Fluctuations in, 52

    • Official intervention, 19, 22, 23, 52

    • Plaza Accord, 22

    EXCHANGE RATES

    • Adjustment, 15, 16, 20

    • Arrangements, 25, 40, 87t

    • Balance of payments, effect on, 22, 36

    • Currency preferences, effect on, 1, 4

    • Depreciation of U.S. dollar and, 19, 22, 32

    • Effective: in developing countries, 23, 25c;

      • in major industrial countries, 24c;

      • in smaller industrial countries, 25t

    • European Monetary System, 23

    • Interest rates and, 20, 23c

    • List as of March 1988, 87t

    • Plaza Accord, 22

    • Policies, 22

    • Prices, effect on, 15

    • Realignment, 4, 22, 23

    • Trade imbalances, effect on, 4

    • See also SURVEILLANCE OVER EXCHANGE RATE POLICIES and individual countries

    EXECUTIVE BOARD

    • Arrears, consideration of measures on, 54, 57

    • Article IV consultations: conclusions, 37–40;

      • modifications, 43–44;

      • procedures, 43–44;

      • review of guidelines, 43

    • Changes in membership of, 160

    • Collaboration with World Bank, 51

    • Commodity price indices, use of, 43

    • Compensatory financing facility, review of, 49–50;

      • external contingency component, 49–50

    • Conditionality, review of guidelines, 47–49

    • Enhanced structural adjustment facility, establishment of, 50;

      • policy framework paper, 50–51

    • Enhanced surveillance procedures, 45

    • Extended Fund facility, reconsideration of, 49

    • Financial position of the Fund, measures for strengthening, 57

    • Financing, recent innovations in, 46

    • Indicators, analysis of, 42–43

    • List of Executive Directors and voting power, 156

    • Monitoring of Fund-supported programs, 35, 48–49;

      • adjustment programs for poverty, 48;

      • structural reforms in, 48

    • Policy coordination, promotion of, 35–37, 42

    • Quotas, report to Board of Governors, 58, 138;

      • Committee of the Whole, 58;

      • proposed resolution, 58, 138–39

    • SDRs, discussion of allocations, 53;

      • review of issues relating to, 53

    • Structural adjustment facility, first review of, 50, 114–18

    • Surveillance over exchange rate policies, review of implementation, 44, 108

    • Trade policy, review of, 40–41

    • World economy, review of, 2–3, 35–37, 43;

      • focus on indicators, 42–43

    • See also EXECUTIVE BOARD DECISIONS

    EXECUTIVE BOARD DECISIONS

    • Article IV consultation procedures, 109;

      • change in cycles, 109

    • Borrowed resources, greater use of, 72n

    • Borrowing agreement with Saudi Arabian Monetary Agency, proposed renewal, 133–34

    • Burden sharing: implementation of, 112;

      • principles of, 112

    • Charges, rate of, 57, 57n, 137–38;

      • retroactive reductions in, 57, 57n, 138

    • Conditionality, guidelines on, 48n

    • Enhanced structural adjustment facility, 119–33: access to resources, 133;

      • administration, 118;

      • establishment, 76n, 119;

      • interest on loans, 133;

      • Trust established, 119;

      • Trust instrument, 119–28

    • Enlarged access to Fund resources: extension of period and access limits, 109;

      • lengthening of program period for extended arrangements, 109;

      • use of ordinary and borrowed resources, 110

    • Extended arrangements, period of, 109

    • Extended Fund facility, establishment of, 73n

    • Fund’s income position: additions to Special Contingent Account and disposition of amounts, 111–12;

      • burden sharing, 112–13;

      • establishment of Special Contingent Account, 111;

      • income target, 112;

        • rate of charge, determination of, 112;

      • review of income position, 113

    • General Arrangements to Borrow, Sixth Renewal, 56n, 75n, 133

    • General Resources Account, SDR holdings in, 76n

    • Multiple currency practices, application to capital transactions, 110

    • Overdue financial obligations to the Fund: eligibility for subsidy payment, 79n;

      • medium of payment, 110;

      • special charges, 79n, 110;

      • Special Contingent Account, 111

    • Quotas, Ninth General Review, proposed Resolution, 138–39

    • Remuneration, rate of, 57n, 137–38

    • SDRs: level of Fund’s holdings, 76, 76n;

      • use in payment of Trust Fund obligations, 135

    • Special Contingent Account, establishment of, 57, 111;

      • additions and disposition of amounts, 57, 57n, 111

    • Structural adjustment facility, 114–18: administration, 114;

      • amendment, 118;

      • amounts of assistance, 114;

      • review of, 114–18, 119

    • Supplementary Financing Facility Subsidy Account: payments to members, 136, 137t;

      • resources of, 79n

    • Surveillance over exchange rate policies, 35n: amendment and review of document, 108;

      • review of implementation, 108–109

    • Transfer of resources for Enhanced Structural Adjustment Facility Trust, 132

    • Trust Fund, 135: interest payments, means of, 135;

      • repayment of principal, 135

    EXPORTERS OF MANUFACTURES

    • See DEVELOPING COUNTRIES

    EXTENDED FUND FACILITY

    • Access limits, 49, 56

    • Arrangements under, 54t, 92t, 182t

    • Borrowed resources, use of, 92t

    • Duration, 49,109

    • Enlarged access to Fund resources, use by members, 55c

    • Executive Board decisions, 73n, 109

    • Ordinary resources, use of, 55c

    • Purchases by members, 73, 88t, 96t, 182t

    • Purpose of, 170

    • Repurchases by members, 93t

    • Use of Fund credit, 95t, 172t

    EXTERNAL RELATIONS OF FUND, 85–86

    FIJI

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    FINANCES OF FUND

    • Administered accounts, 78–79, 169–71

    • Arrears, members in, 56–57, 57t

    • Borrowed Resources Suspense Accounts, 75, 170

    • Burden sharing, principles of, 112

    • Financial statements, 165–212

    • Income, 57–58, 79–80;

      • target, 57, 80, 112

    • Overdue obligations, examination of, 79;

      • Executive Board Decisions, 111–14

    • Reserves, 57–58, 112

    • Special Contingent Account, 57, 111

    • Special Disbursement Account, 75–76, 114, 132, 182t

    • See also GENERAL RESOURCES ACCOUNT TRANSACTIONS

    FINLAND

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • SDRs, 100t

    FRANCE

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 5t, 26c, 27, 27t, 38

    • Deficit, fiscal, 6, 38

    • Equity markets, 20, 21c(n)

    • European Monetary System, 23

    • Exchange arrangements, 87t

    • Exchange rates, effective, 24c

    • Fiscal policy, 5t, 38, 42

    • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

    • Inflation, 14c

    • Interest rates, 7c, 38

    • Louvre Accord, 2, 6, 21, 22, 36, 37

    • Monetary aggregates, 6t

    • Output, 6t, 10, 10t, 38

    • Prices, 6t, 14c;

      • of equities, 20, 21c(n)

    • Role of franc as currency peg, 87t;

      • as reserve currency, 68t, 69t

    • SDRs, 100t;

      • transactions with designation, 77

    • Trade, terms of, 27

    • Unemployment, 11c, 38

    FUEL EXPORTERS

    • See DEVELOPING COUNTRIES

    GABON

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    GAMBIA, THE

    • Exchange arrangements, 87t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)

    • Fund relations with, 41, 84, 85

    • Uruguay Round of multilateral trade negotiations, 8, 40, 41, 85

    GENERAL ARRANGEMENTS TO BORROW (GAB), 56, 75, 95t, 133, 134, 174–75

    • See also BORROWING BY FUND

    GENERAL RESOURCES ACCOUNT TRANSACTIONS

    • Arrears in settling obligations, 56–57, 57t

    • Asssessments, 99t, 100t

    • Borrowing by Fund, 97t

    • Charges, 79–81, 100t, 137–38

    • Fund credit outstanding, 55, 95t

    • Ineligibility to use Fund resources, 56–57, 57t

    • Interest payments received on, 99t, 100t

    • Overdue financial obligations: charges, 57n, 57t, 79, 79n, 81, 137–38

    • Purchases by members, 54–55, 54t. 72–73, 90t, 91t, 96t, 99t, 180t

    • Quota payments, 99t, 176t

    • Remuneration, 81, 99t;

      • rate of, 137–38, 105t

    • Repurchases by members, 53, 55, 56c, 54t, 74, 911, 93t, 96t, 99t;

      • overdue charges on, 80–81, 99t, 137–38

    • SDRs, 54–55;

      • holdings, 76, 96t, 100t;

      • reduction in Fund’s and increase of participants’ and prescribed holders’, 76;

      • receipt of, 99t, 100t;

      • transactions in, 77, 99t, 100t;

      • transfers of, 78, 99t, 100t

    • Usable currencies, 96t(n)

    • Use of Fund credit, 54t, 96t

    GERMANY, FEDERAL REPUBLIC OF

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 1, 2, 5t, 26, 26c, 27t, 38

    • Deficit, fiscal, 6

    • Economic policies, 2, 3, 42

    • Equity markets, 20, 21c(n)

    • European Monetary System, 23

    • Exchange arrangements, 87t

    • Exchange rates, 23c;

      • effective, 24c

    • Fiscal policy, 3, 5t, 38

    • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

    • Inflation, 14c

    • Interest rates, 6, 7c, 23c

    • Louvre Accord, 2–3, 4, 6, 21, 22, 36, 37

    • Monetary aggregates, 6t;

      • policy, 38

    • Output, 6t, 10, 10t

    • Prices, 10t, 14, 14c;

      • of equities, 20, 21c(n)

    • Role of deutsche mark as reserve currency, 68t, 69t

    • SDRs, 100t;

      • transactions with designation, 77

    • Supplementary financing facility, 97t

    • Trade, terms of, 26

    • Unemployment, 11c, 38

    GHANA

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 73, 92t, 182t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    GOLD

    • Fund holdings, 74n, 96t

    • Market price, 65, 66t, 67

    • Official holdings, 65, 66t, 67

    • Reserves, 66t

    GREECE

    • Exchange arrangements, 87t

    • SDRs, 100t

    GRENADA

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    GROUP OF SEVEN

    • Countries comprising, 2, 36n

    • Statements by, 2–3, 4, 6, 22, 36, 37, 42

    • Tokyo Economic Declaration, 42

    • Toronto Economic Declaration, 3

    • Venice Economic Declaration, 2

    GUATEMALA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Supplementary financing facility, 97t

    GUINEA

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    GUINEA-BISSAU

    • Exchange arrangements, 87t

    • Paris Club debt rescheduling agreement, 47

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    GUYANA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Ineligibility to use Fund resources, 57

    • SDRs, 100t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    HAITI

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    HEAVILY INDEBTED COUNTRIES

    • See DEVELOPING COUNTRIES, OTHER HONDURAS

    • Article VIII obligations, acceptance of, 107t

    • Debt conversion, 46

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    HONG KONGE

    • Equity markets closed, 20

    • Output, 12

    • Prices, equity, 20, 21c(n)

    HUNGARY

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    ICELAND

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    INCOME AND EXPENSES OF FUND

    • See FINANCES OF FUND

    INDIA

    • Balance of payments, 9

    • Classification, 215

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 55, 74, 93t

    • SDRs, 100t

    • Structural adjustment facility, eligibility for assistance and intention not to use, 50, 75

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    INDONESIA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Purchases from Fund, 72, 73–74, 90t

    • SDRs, 100t

    INDUSTRIAL COUNTRIES

    • Balance of payments, 1, 4–6, 5t, 9, 18, 25–28, 26c, 27t

    • Capital markets, 18–19

    • Classification, 213

    • Deficits, fiscal, 5–6, 22, 28

    • Equity markets, crisis of October 1987, 6, 9, 20–21;

      • prices, 21c

    • European Monetary System, 23

    • Exchange rates, effective, 4, 9, 23c, 24c, 25t

    • Fiscal policies, 2–3, 4–6, 5t, 8, 22

    • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

    • Inflation, 5, 9, 13–14, 14c

    • Interest rates, 6, 7c, 8, 9, 23c, 25t

    • International reserves, 19–21, 22t, 66t, 68t

    • Louvre Accord, 2, 6, 21, 22, 36, 37

    • Monetary aggregates, 6t

    • Output, 6t, 10, 10t, 11

    • Prices, 10t, 14, 14c, 17, 18c;

      • of equities, 21c

    • Purchases from Fund, 54t

    • SDRs, 104t

    • Trade: exports, 16t, 25–28;

      • imports, 16t, 25–28;

      • protectionism, 40, 44;

      • terms of, 9, 16t, 25–28

    • Unemployment, 8, 10, 11c

    INTERIM COMMITTEE

    • Arrears of Fund members, concern over, 56–57

    • Communiqués, 140–50, 44, 49

    • Compensatory financing facility, external contingency mechanism component of, 148

    • Consultations: support for use of indicators and policy interactions in, 42, 43

    • Debt strategy, role in, 44, 57, 146–47

    • Enlarged access policy, recommendations on, 56

    • Enhanced structural adjustment facility, stress on, 147

    • Extended Fund facility, recommendation on, 49

    • Financing innovations noted, 45, 46

    • Indicators, stress on, 42;

      • commodity price indices, 42

    • Quotas, Ninth General Review, 139, 146

    • SDR: allocations and role of, review of, 149

    • Surveillance over exchange rate policies, review of, 42;

      • use of indicators, 42

    • World economic outlook, suggestions on, 36–37, 43

    INTERNATIONAL ACCORDS

    • Louvre Accord, 2, 6, 21, 22, 36, 37

    • Plaza Accord, 22

    • Punta del Este Declaration, 41

    • Tokyo Economic Declaration, 42

    • Toronto Economic Declaration, 3

    • Venice Economic Declaration, 2

    INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

    • See WORLD BANK

    INTERNATIONAL COOPERATION

    • Canada and the United States, 39

    • Fund’s role in, 32, 47, 84–85

    • Declarations of, 2, 3, 41, 42

    • Fund-Bank collaboration, 41, 48, 50, 51, 75–76, 84–85

    • See also GROUP OF SEVEN, statements by

    INTERNATIONAL ORGANIZATIONS

    • Fund relations with, 84–85

    • International Development Association, loans to low-income countries, 47

    • SDR as unit of account for, 78, 78n

    • SDRs, prescribed holders of, 76n, 103t

    • Seminar on policy framework papers, 51

    INTERNATIONAL RESERVES

    • Accumulation, 20, 22t, 52

    • Adequacy, 51–52;

      • safety net, 52

    • Bonds, 19

    • Changes in, 65, 66t, 67, 68t

    • Currency diversification, 67, 68t, 69t, 711

    • Distribution, 66t, 68t

    • Evolution of, 65–67

    • Foreign exchange, 52, 53, 68t, 69t;

      • currency composition, 68t, 69t;

      • official holdings, 66t, 68t;

      • placement of official, 70, 71t

    • Fund-related assets, 65–67, 66t

    • Gold, 66t, 67

    • Holdings: by members, 104t;

      • official, 66t, 68t, 69t;

      • placement of official, 70, 71t

    • Liquidity of, 51–52

    • Relation to trade, 52

    • SDRs as reserve assets, 53, 65–67, 66t

    INTERNATIONAL TRADE

    • Balances, 16, 28, 29c

    • Consultation reports on trade issues, 40–41

    • Debt-to-exports ratio of developing countries, 32c

    • Exchange rate effects on, 4

    • Policies, 40–41;

      • liberalization, 40, 41

    • Prices, 16t, 17, 18, 18c

    • Protectionism, 37, 40, 44

    • Terms of trade, 15, 16t, 29–30, 29c, 30

    • Uruguay Round of multilateral trade negotiations, 8, 40, 41, 85

    • Value, 16t

    • Volume, 1, 15, 16t, 17c, 30

    IRAN, ISLAMIC REPUBLIC OF

    • Exchange arrangements, 87t

    • SDRs, 100t

    IRAQ

    • Exchange arrangements, 87t

    • SDRs, 100t

    IRELAND

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 28

    • European Monetary System, 23

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • SDRs, 100t

    ISRAEL

    • Exchange arrangements, 87t

    • SDRs, 100t

    ITALY

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 5t, 26c, 27, 27c

    • Deficit, fiscal, 6

    • Equity prices, 21c(n)

    • European Monetary System, 23, 39

    • Exchange arrangements, 87t

    • Exchange rates, effective, 24c

    • Fiscal policy, 5t, 39

    • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

    • Inflation, 14c

    • Interest rates, 7c, 39

    • Monetary aggregates, 6t

    • Output, 6t, 10, 10t, 39

    • Prices, 10t, 14, 14c, 39, 21c(n)

    • SDRs, 10Ot;

      • transactions with designation, 77

    • Trade, terms of, 27

    • Unemployment, 11c

    • Voluntary Contribution Accounts, use of, 199, 200

    JAMAICA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    JAPAN

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 1, 5t, 26, 26c, 27, 27t, 37, 38

    • Borrowing by Fund from, 174

    • Debt conversions, facilitating, 46

    • Equity markets, 20, 21c(n)

    • Exchange arrangements, 87t

    • Exchange rates, 23c;

      • effective, 24c;

      • stability of, 38

    • Fiscal policy, 2, 8, 8n, 9, 38

    • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

    • Inflation, 14c

    • Interest rates, 6, 7c, 23c, 38

    • International reserves, 68t, 69t

    • Louvre Accord, 2, 6, 21, 22, 36, 37

    • Monetary aggregates, 6t;

      • policy, 37–38

    • Output, 1, 6t, 9, 10t, 11, 37

    • Prices, 10t, 14, 14c;

      • of equities, 20, 21c(n)

    • Role of yen as reserve currency, 68t, 69t

    • SDRs, 100t

    • Supplementary financing facility, 97t

    • Trade: exports, 17, 26;

      • imports, 26;

      • terms of, 26, 37

    • Unemployment, 11, 11c

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

    • See DEVELOPMENT COMMITTEE

    JORDAN

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    KAMPUCHEA, DEMOCRATIC

    • Exchange arrangements, 87t(n)

    • Quota and remuneration, 81n

    • SDRs, 100t

    • Trust Fund, holdings in, 193–94

    KENYA

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 92t, 182t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    KIRIBATI

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    KOREA

    • Exchange arrangements, 87t

    • Output, 12

    • Repurchases from Fund, 55, 74, 93t

    • SDRs, 100t

    KUWAIT

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Supplementary financing facility, 97t

    LAO PEOPLE’S DEMOCRATIC REPUBLIC

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Technical assistance by Fund, 82

    LEBANON

    • Exchange arrangements, 87t

    • SDRs, 100t

    LESOTHO

    • Exchange arrangements, 87t

    • SDRs, 100t

    LIBERIA

    • Exchange arrangements, 87t

    • Ineligibility to use Fund resources, 57

    • SDRs, 100t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    LIBYAN ARAB JAMAHIRIYA

    • Classification by Fund, 213

    • Exchange arrangements, 87t

    • SDRs, 100t

    LIQUIDITY POSITION OF FUND, 56, 74

    LOUVRE ACCORD, 2, 6, 21, 22, 36, 37

    LUXEMBOURG

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • SDRs, 100t

    MADAGASCAR

    • Exchange arrangements, 87t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    MALAWI

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    MALAYSIA

    • Article VIII obligations, acceptance of, 107t

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • SDRs, 100t

    MALDIVES

    • Exchange arrangements, 87t

    • SDRs, 100t

    MALI

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    MALTA

    • Exchange arrangements, 87t

    • SDRs, 100t

    MARKET BORROWERS

    • See DEVELOPING COUNTRIES

    MAURITANIA

    • Exchange arrangements, 87t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    MAURITIUS

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    MEMBERSHIP IN FUND

    • Angola, application of, 72

    MEXICO

    • Article VIII obligations, acceptance of, 107t

    • Bank lending to, 19

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Financing innovations, 46

    • Output, 12

    • Purchases from Fund, 74, 90t

    • Repurchases from Fund, 55, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    MIDDLE EAST

    • Balance of payments, 26, 27t

    • Capital formation of developing countries, 13c

    • Classification, 213

    • Debt: and debt-service ratios of developing countries, 33t;

      • outstanding, 217t

    • Exchange rates of developing countries, 25c

    • Living standards of developing countries, 11,13c

    • Output of developing countries, 11, 12t, 13c, 217t

    • Prices of developing countries, 15t, 30

    • Purchases of developing countries from the Fund, 54t

    • Trade: exports, 217t;

      • imports, 17c, 30

    MOROCCO

    • Classification by Fund, 216

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    MOZAMBIQUE

    • Exchange arrangements, 87t

    • Paris Club debt rescheduling agreement, 47

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    NEPAL

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    NETHERLANDS

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6, 28

    • Equity prices, 21c(n) European Monetary System, 23

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • Inflation, 14

    • Role of guilder as reserve currency, 68t, 69t

    • SDRs, 100t

    • Supplementary financing facility, 97t

    NEW ZEALAND

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • SDRs, 100t

    NICARAGUA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    NIGER

    • Exchange arrangements, 87t

    • Paris Club debt rescheduling agreement, 47

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    NIGERIA

    • Classification by Fund, 213, 216

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Supplementary financing facility, 97t

    NON-FUEL EXPORTERS

    • See DEVELOPING COUNTRIES

    NON-OIL DEVELOPING COUNTRIES

    • See DEVELOPING COUNTRIES

    NORWAY

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6, 28

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • Output, 28

    • SDRs, 100t

    OFFICIAL BORROWERS

    • See DEVELOPING COUNTRIES

    OIL EXPORTING COUNTRIES

    • See DEVELOPING COUNTRIES

    OIL FACILITY

    • Borrowing by Fund for, 95t

    • General resources of Fund, use of, 55c

    • Use of Fund credit, 95t

    OMAN

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    PAKISTAN

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    PANAMA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    PAPUA NEW GUINEA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    PARAGUAY

    • Exchange arrangements, 87t

    • SDRs, 100t

    PARIS CLUB, 46–47

    PERU

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Ineligibility to use Fund resources, 57

    • SDRs, 100t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    PHILIPPINES

    • Debt conversion, 46

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    PLAZA ACCORD, 22

    POLAND

    • Exchange arrangements, 87t

    • Paris Club debt rescheduling agreement, 47

    • SDRs, 100t

    • Technical assistance by Fund, 84

    PORTUGAL

    • Exchange arrangements, 87t

    • Output, 12

    • Repurchases from Fund, 55, 93t

    • SDRs, 100t

    PRICES

    • Changes in, 10t, 14, 14c, 17–18

    • Commodity, non-oil primary, 8, 13, 18c

    • Consumer, 14c, 15t

    • Equity, 6, 8, 20–21, 21c

    • Manufactures, 16t

    • Oil, 11, 13, 17, 18c

    • Trade, 16t

    PRIMARY PRODUCT EXPORTERS

    • See DEVELOPING COUNTRIES

    PUBLICATIONS OF FUND, 86, 106t

    PUNTA DEL ESTE DECLARATION, 41

    QATAR

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    QUOTAS OF FUND MEMBERS

    • Eighth General Review, 67

    • List of members, with quotas, 176t

    • Ninth General Review, 58, 72, 138

    • Payment in SDRs, 67, 99t, 176t

    • Total, 72, 176t

    RESERVE TRANCHE

    • Positions of members, 74, 96t, 172t

    • Purchases by members, 73, 73n, 91t(n), 96t, 169–70

    ROMANIA

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    RULES AND REGULATIONS

    • Rule 1–6(4) rate of charge, 112

    • Rule 1–10, rate of remuneration, 112

    • Rule P-9, use of SDRs in payment of Trust Fund loans, 135

    RWANDA

    • Exchange arrangements, 87t

    • SDRs, 100t

    ST. KITTS AND NEVIS

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Technical assistance by Fund, 83

    ST. LUCIA

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    ST. VINCENT AND THE GRENADINES

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    SAO TOME AND PRINCIPE

    • Exchange arrangements, 87t

    • Purchases from Fund, 90t

    • SDRs, 100t

    SAUDI ARABIA

    • Article VIII obligations, acceptance of, 107t

    • Enlarged access policy, borrowing agreement for, 133–34

    • Exchange arrangements, 87t

    • SDRs, 100t

    • Supplementary financing facility, 97t

    SDRs

    • Allocations, 53, 76;

      • net cumulative, 100t;

      • percentage, 104t

    • Assets denomination in, 65, 66t, 67

    • Decisions affecting operations in SDRs, 76n, 135, 137–38

    • Charges, 80–81, 99t, 137–38, 173;

      • rate of, 105t, 137–38

    • Holdings: by Fund, 76, 77;

      • reduction in, 76, 99t;

      • by members, 76, 100t, 104t;

      • in General Resources Account, 100t;

      • of prescribed holders, increase in, 76

    • Interest rate on, 81, 105t

    • Payment of interest by Fund, use in, 77

    • Prescribed holders of, 76, 76n, 103t

    • Purchases from Fund, 99t

    • Purposes, 172, 186

    • Quotas, use in payment of, 67, 99t, 176t

    • Reconstitution, 99t

    • Remuneration paid to Fund members, 99t;

      • rate of, 105t, 137–38

    • Repayment of lenders by Fund, use in, 97t, 99t;

      • of Trust Fund obligations, 135

    • Repurchases from Fund, 93t, 99t

    • Reserves in, 65, 66t, 67, 68

    • Transactions and operations, summary of, 100t

    • Transfers: among participants and prescribed holders, 76, 77, 99t, 100t;

      • by agreement, 77, 99t;

      • to and from General Resources Account, 78, 99t;

      • with designation, 77, 99t

    • Two-way arrangements with participants, 58, 77

    • Uses: currency peg, 78, 87t;

      • loans and settlements, 77, 135;

      • unit of account, 78, 78n;

      • other, 67, 77, 186

    SDR DEPARTMENT

    • Operations, 76–77, 183t, 184t, 186

    • Overdue obligations to, 57t

    • Participants, 73, 100t

    • Prescribed holders, 76, 76n, 103t

    • Reduction in Fund’s holdings, 76

    • Transfers: among participants and prescribed holders, 76, 100t;

      • by agreement, 77;

      • with designation, 77

    SENEGAL

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    SERVICE AND REMITTANCE COUNTRIES

    • See DEVELOPING COUNTRIES

    SEYCHELLES

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • SDRs, 100t

    SIERRA LEONE

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Ineligibility to use Fund resources, 57

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    • Technical assistance by Fund, 82

    SINGAPORE

    • Article VIII obligations, acceptance of, 107t

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • Output, 12

    • SDRs, 100t

    SMALL LOW-INCOME COUNTRIES

    • See DEVELOPING COUNTRIES, OTHER

    SOLOMON ISLANDS

    • Article VIII obligations, acceptance of, 107t

    • Exchange arrangements, 87t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    SOMALIA

    • Exchange arrangements, 87t

    • Ineligibility to use Fund resources, 57

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Stand-by arrangement with Fund, 89t, 182t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    SOUTH AFRICA

    • Article VIII

    • obligations, acceptance of, 107t

    • Classification by Fund, 213, 216

    • Exchange arrangements, 87t

    • Repurchases from Fund, 55, 74, 93t

    • SDRs, 100t

    SPAIN

    • Article VIII obligations, acceptance of, 107t

    • Balance of payments, 6, 11, 28

    • Equity prices, 21c(n)

    • Exchange arrangements, 87t

    • Exchange rates, effective, 25t

    • Output, 28

    • SDRs, 100t

    SPECIAL DRAWING RIGHTS

    • See SDRs

    SPECIAL DRAWING RIGHTS DEPARTMENT

    • See SDR DEPARTMENT

    SRI LANKA

    • Exchange arrangements, 87t

    • Extended arrangement with Fund, 92t

    • Purchases from Fund, 90t

    • Repurchases from Fund, 93t

    • SDRs, 100t

    • Structural adjustment facility, arrangement with Fund, 98t, 182t

    • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

    STAFF OF THE FUND, 86, 175

    • Article IV consultation reports, 37–40, 43–44

    • Confidentiality of reports, 44, 116

    • Consultations with World Bank staff, 50–51

    • External relations, 85–86

    • Missions of Fund and World Bank, participation in, 51

    • Policy framework papers, 50–51, 76, 81, 115

    • Staff Retirement Plan, 175, 201–12

    • Technical assistance by, 81–84

    • World Economic Outlook exercise, 35, 36, 42, 43;

      • use of indicators in, 42

    STAND-BY ARRANGEMENTS FOR FUND MEMBERS

    • Access limits, 56

    • Borrowed resources, use of, 89t

    • Commitments under, 54t, 73, 89t, 175, 182t

    • In financial year 1987/88, 73

    • Ordinary resources, use of, 182t

    • Summary of, 89t, 91t, 182t

    STRUCTURAL ADJUSTMENT FACILITY

    • Arrangements, 75–76, 98t, 182t

    • Collaboration with World Bank, 75–76

    • Eligibility of members for assistance, 50, 75;

      • China and India, intention not to use, 50, 75

      • Enhanced structural adjustment facility established, 76, 119–33

      • Establishment, 50, 75

      • Policy framework paper, requirement of, 50, 75–76

      • Purposes, 50, 75

      • Resources for, 50, 75

      • Review of, 50, 114–18

      See also ENHANCED STRUCTURAL ADJUSTMENT FACILITY

      SUB-SAHARAN AFRICA

      • See DEVELOPING COUNTRIES, OTHER

      SUDAN

      • Exchange arrangements, 87t

      • Extended arrangement with Fund, 92t

      • Ineligibility to use Fund resources, 57

      • SDRs, 100t

      • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

      SUPPLEMENTARY FINANCING FACILITY

      • Borrowing by Fund for, 75, 97t, 174

      • Disbursements, 105t, 137t

      • General resources of Fund, use of, 55c

      • Purchases by members, 105t, 137t

      • Purpose of Subsidy Account, 78, 189

      • Repayments by Fund to lenders, 97t, 181t

      • Repurchases by members, 93t

      • Subsidy Account, 78–79, 105t, 137t;

        • establishment, 78, 189;

        • Executive Board decisions on, 136–37, 137t;

        • investment, 188t;

        • means of subsidy payments, 189;

        • use of SDRs in payment of subsidy, 79, 105t, 137t, 188t

      • Subsidy payments, 105t, 137t, 189

      • Switzerland, lending for, 97t

      • Use of Fund credit, 95t

      SURINAME

      • Article VIII obligations, acceptance of, 107t

      • Exchange arrangements, 87t

      • SDRs, 100t

      SURVEILLANCE OVER EXCHANGE RATE POLICIES

      • Article IV: consultations’ role in, 35–36;

        • modifications to guidelines, 43–44

      • Enhanced surveillance, reviews of, 45;

        • request of Uruguay, 45

      • Executive Board decisions on, 35n, 108–109

      • Executive Board review of, 43–44

      • Indicators, use of, 41–43, 42

      • In financial year 1987/88, 44

      • Multilateral surveillance, strengthening of, 43–44

      • Procedures for, implementation of, 44, 108–109;

        • change in cycle, 109

      • World Economic Outlook exercise’s role in, 35–36, 42–43;

        • commodity price indices, use of, 43

      SWAZILAND

      • Exchange arrangements, 87t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      SWEDEN

      • Article VIII obligations, acceptance of, 107t

      • Balance of payments, 6

      • Equity prices, 21c(n)

      • Exchange arrangements, 87t

      • Exchange rates, effective, 25t

      • SDRs, 100t

      SWITZERLAND

      • Equity prices, 21c(n)

      • Exchange rates, effective, 25t

      • Inflation, 14

      • International reserves, 68t

      • Prescribed holder of SDRs, 76n, 103t

      • Role of franc as reserve currency, 68t

      • SDRs, 100t;

        • prescribed holder of, 76n, 103t

      • Supplementary financing facility, 97t

      SYRIAN ARAB REPUBLIC

      • Exchange arrangements, 87t

      • SDRs, 100t

      TAIWAN PROVINCE OF CHINA

      • Output, 12

      • Reserve accumulation, 19, 31

      TANZANIA

      • Exchange arrangements, 87t

      • Purchases from Fund, 90t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      • Stand-by arrangement with Fund, 89t

      • Structural adjustment facility, arrangement with Fund, 98t, 182t

      • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

      TECHNICAL ASSISTANCE BY FUND, 81–84

      THAILAND

      • Exchange arrangements, 87t

      • Repurchases from Fund, 74, 93t

      • SDRs, 100t

      TOGO

      • Exchange arrangements, 87t

      • Purchases from Fund, 90t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      • Stand-by arrangement with Fund, 89t, 182t

      • Structural adjustment facility, arrangement with Fund, 98t, 182t

      • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

      TOKYO ECONOMIC DECLARATION, 42

      TONGA

      • Exchange arrangements, 87t

      • SDRs, 100t

      TORONTO ECONOMIC DECLARATION, 3

      TRINIDAD AND TOBAGO

      • Exchange arrangements, 87t

      • Purchases from Fund, 90t

      • SDRs, 100t

      TRUST FUND

      • Borrowing, 190t, 194

      • Distribution of profits from sale of gold by Fund, 193

      • Loans, 190t, 193

      • Overdue obligations, 56–57, 57t, 193

      • Purpose, 193

      • Resources, change in, 192t

      • Special Disbursement Account, 192

      • Termination, 194

      • See also SUPPLEMENTARY FINANCING FACILITY: Subsidy Account

      TUNISIA

      • Classification by Fund, 216

      • Exchange arrangements, 87t

      • Output, 13

      • Purchases from Fund, 90t

      • SDRs, 100t

      • Stand-by arrangment with Fund, 89t, 182t

      TURKEY

      • Exchange arrangements, 87t

      • Repurchases from Fund, 55, 74, 93t

      • SDRs, 100t

      UGANDA

      • Exchange arrangements, 87t

      • Paris Club debt rescheduling agreement, 47

      • Purchases from Fund, 90t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      • Structural adjustment facility, arrangement with Fund, 98t, 182t

      UNITED ARAB EMIRATES

      • Article VIII obligations, acceptance of, 107t

      • Exchange arrangements, 87t

      • SDRs, 100t

      • Technical assistance by Fund, 83

      UNITED KINGDOM

      • Article VIII obligations, acceptance of, 107t

      • Balance of payments, 5t, 6, 26c, 27t, 28, 39

      • Equity markets, 20, 21c(n)

      • Exchange arrangements, 87t

      • Exchange rates, effective, 24c, 39

      • Fiscal policy, 5t, 6, 38–39

      • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

      • Inflation, 14, 14c

      • Interest rates, 7c, 39

      • Louvre Accord, 2–3, 4, 6, 22, 36, 37

      • Monetary aggregates, 6t;

        • policy, 38

      • Output, 6t, 10, 10t

      • Prices, 10, 10t, 14c, 28;

        • of equities, 20, 21c(n)

      • Role of pound sterling as reserve currency, 68t, 69t

      • SDRs, 100t;

        • transactions with designation, 77

      • Trade: exports, 28;

        • imports, 28

      • Unemployment, 11, 11c, 38

      UNITED STATES

      • Article VIII obligations, acceptance of, 107t

      • Balance of payments, 1, 22, 25, 37

      • Debt conversions, facilitating, 46

      • Deficit, fiscal, 2, 5, 22, 26, 37

      • Equity markets, 4, 6, 8, 20, 21c(n)

      • Exchange arrangements, 87t

      • Exchange rates, 23c;

        • effective, 24c;

        • stability of, 22, 37

      • Fiscal policy, 5, 5t, 6, 10, 22, 37

      • Group of Seven, 2–3, 4, 6, 22, 36, 37, 42

      • Inflation, 14, 14c, 37

      • Interest rates, 7c, 22, 23c

      • Louvre Accord, 2, 6, 21, 22, 36, 37

      • Monetary aggregates, 6t

      • Output, 10, 10t, 37

      • Prices, 10t, 14, 14c;

        • of equities, 10, 20, 21c(n)

      • Role of dollar as reserve currency, 68t, 69t

      • SDRs, 100t

      • Supplementary financing facility, 97t

      • Trade, 22, 26;

        • exports, 2, 10, 17, 26;

        • imports, 14, 26;

        • terms of, 26;

        • protectionist pressures, 37

      • Use of dollar as currency peg, 87t;

        • as reserve currency, 68t, 69t

      • Unemployment, 11, 11c, 37

      URUGUAY

      • Article VIII obligations, acceptance of, 107t

      • Enhanced surveillance by Fund, request for, 45

      • Exchange arrangements, 87t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      VANUATU

      • Article VIII obligations, acceptance of, 107t

      • Exchange arrangements, 87t

      • SDRs, 100t

      VENEZUELA

      • Article VIII obligations, acceptance of, 107t

      • Enhanced surveillance by Fund, 45

      • Exchange arrangements, 87t

      • Multiyear restructuring agreement, 45

      • SDRs, 100t

      • Supplementary financing facility, 97t

      • Technical assistance by Fund, 83

      VENICE ECONOMIC DECLARATION, 2

      VIET NAM

      • Exchange arrangements, 87t

      • Ineligibility to use Fund resources, 57

      • SDRs, 100t

      WESTERN HEMISPHERE

      • Balance of payments, developing countries, 27t, 29c

      • Capital formation, developing countries, 13c

      • Debt, developing countries, 8;

        • debt-to-export ratios, 33;

        • and debt-service ratios, 33, 33t;

        • outstanding, 217t

      • Exchange rates, developing countries, 25c

      • Investment, 12

      • Living standards, developing countries, 13c

      • Output, developing countries, 12, 12t, 13c, 217t

      • Prices, developing countries, 15t

      • Purchases from Fund, developing countries, 54t

      • SDRs, holdings of, 67

      • Trade, developing countries: balance, 29c, 30;

        • exports, 17, 217t;

        • imports, 17, 17c

      • Unemployment, 11

      WESTERN SAMOA

      • Exchange arrangements, 87t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      WORLD BANK

      • Financing, role in, 46–47

      • Fund collaboration with, 41, 48, 50, 51, 75–76, 81, 84–85

      • Fund relations with, 51, 75–76, 81, 84

      • SDRs: prescribed holder of, 76n, 103t

      YEMEN ARAB REPUBLIC

      • Exchange arrangements, 87t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      YEMEN, PEOPLE’S DEMOCRATIC REPUBLIC OF

      • Exchange arrangements, 87t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      YUGOSLAVIA

      • Exchange arrangements, 87t

      • Multiyear restructuring agreement, 45

      • Repurchases from Fund, 93t

      • SDRs, 100t

      ZAÏRE

      • Exchange arrangements, 87t

      • Extended arrangement with Fund, 92t

      • Purchases from Fund, 90t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      • Stand-by arrangement with Fund, 89t, 182t

      • Structural adjustment facility, arrangement with Fund, 98t, 182t

      ZAMBIA

      • Exchange arrangements, 87t

      • Extended arrangement with Fund, 92t

      • Ineligibility to use Fund resources, 57

      • SDRs, 100t

      • Stand-by arrangement with Fund, 89t

      • Supplementary Financing Facility Subsidy Account, beneficiary, 105t, 137t

      ZIMBABWE

      • Exchange arrangements, 87t

      • Repurchases from Fund, 93t

      • SDRs, 100t

      Other Resources Citing This Publication