Articles of Agreement

Articles of Agreement
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 2016
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    ARTICLES OF AGREEMENT

    Articles of Agreement of the International Monetary Fund

    Adopted at the United Nations Monetary and Financial Conference, Bretton Woods, New Hampshire, July 22, 1944. Entered into force December 27, 1945. Amended effective July 28, 1969, by the modifications approved by the Board of Governors in Resolution No. 23–5, adopted May 31, 1968; amended effective April 1, 1978, by the modifications approved by the Board of Governors in Resolution No. 31–4, adopted April 30, 1976; amended effective November 11, 1992, by the modifications approved by the Board of Governors in Resolution No. 45–3, adopted June 28, 1990; amended effective August 10, 2009, by the modifications approved by the Board of Governors in Resolution No. 52–4, adopted September 23, 1997; amended effective February 18, 2011, by the modifications approved by the Board of Governors in Resolution No. 63–3, adopted May 5, 2008; amended effective March 3, 2011, by the modifications approved by the Board of Governors in Resolution No. 63–2, adopted April 28, 2008; amended effective January 26, 2016 by the modifications approved by the Board of Governors in Resolution No. 66-2, adopted December 15, 2010.

    INTERNATIONAL MONETARY FUND

    WASHINGTON, D.C.

    © 2016 International Monetary Fund

    Cataloging-in-Publication Data

    Joint Bank-Fund Library

    Names: International Monetary Fund.

    United Nations Monetary and Financial Conference (1944 : Bretton Woods, N.H.).

    Title: Articles of agreement of the International Monetary Fund : adopted at the United Nations Monetary and Financial Conference, Bretton Woods, New Hampshire, July 22, 1944 … amended effective January 26, 2016 by the modifications approved by the Board of Governors in Resolution No. 66-2, adopted December 15, 2010.

    Other titles: IMF articles of agreement.

    Description: Washington, DC : International Monetary Fund, 2016.

    Includes index.

    Identifiers: ISBN 978-1-47559-354-9 (paper)

    ISBN 978-1-47559-801-8 (ePub)

    ISBN 978-1-47557-618-4 (Mobipocket)

    ISBN 978-1-47553-822-9 (Web PDF)

    Subjects: LCSH: International Monetary Fund – Membership.

    International Monetary Fund – By-laws.

    Classification: LCC HG3881.5.I58 I578 2016

    Table of Contents

    Articles of Agreement of the International Monetary Fund

    The Governments on whose behalf the present Agreement is signed agree as follows:

    Introductory Article

    • (i) The International Monetary Fund is established and shall operate in accordance with the provisions of this Agreement as originally adopted and subsequently amended.

    • (ii) To enable the Fund to conduct its operations and transactions, the Fund shall maintain a General Department and a Special Drawing Rights Department. Membership in the Fund shall give the right to participation in the Special Drawing Rights Department.

    • (iii) Operations and transactions authorized by this Agreement shall be conducted through the General Department, consisting in accordance with the provisions of this Agreement of the General Resources Account, the Special Disbursement Account, and the Investment Account; except that operations and transactions involving special drawing rights shall be conducted through the Special Drawing Rights Department.

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