Selected Decisions and Selected Documents of the International Monetary Fund
Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
August 1999
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    INDEX

    (*indicates Decision and Resolution as amended)

    Decision No.Page
    A Accounting by members for transactions with the Fund170-33
    Accounts:
    Administrative accounts, balances held not in excess of 0.1 percent of quota, exclusion from Fund’s holdings of member’s currency7060-(82/23)610
    Borrowed Resources Suspense Accounts6844-(81/75)487
    6845-(81/75)488
    Framework Administered Account for technical assistance activities10942-(95/33)83
    General Account; see General Resources Account, below
    General Resources Account:
    Adjustment of currency holdings of members5590-(77/163)*383
    Exchange rate for Fund computations5590-(77/163)383
    Level of Fund SDR holdings, maintenance6275-(79/158) G/S303
    7626-(84/23) S309
    7941-(85/50) S309
    8265-(86/70) S309
    8574-(87/64) S310
    10278-(93/19)S310
    Purchase of SDRs for payment of charge5702-(78/39)* G/S326
    Reimbursement for expenses of carrying out business of supplementary financing facility Subsidy Account6683-(80/185) G/TR*637
    Reimbursement for expenses of conducting business of Trust Fund5069-(76/72)614
    Sales of SDRs for payment of quota increases by members under Seventh General Review of Quotas6663-(80/160) S316
    Special Contingent Account, see Special Contingent Account
    Special Disbursement Account, transfer of resources to ESAF Trust and retransfer of Special Disbursement Account8760-(87/176)*415
    Special Disbursement Account, transfers to supplementary financing facility Subsidy Account6683-(80/185) G/TR*632
    6704-(80/185) TR385
    Investment7990-(85/81)385
    8029-(85/105)386
    Structural adjustment facility; see Structural adjustment facility
    Special Drawing Rights Department, payment of net charges and assessments7116-(82/68) S605
    Subsidy Accounts:
    Supplementary financing facility: Disbursement of additional subsidy amounts for period ending June 30, 19868523-(87/25) SBS641
    Instrument6683-(80/185) G/TR*631
    Investment of currencies6854-(81/78)* SBS638
    Means of payments8185-(86/9) SBS/S639
    Subsidy payments, July 1, 1983–June 30, 19847754-(84/108) SBS640
    Subsidy payments, July 1, 1984–June 30, 19858037-(85/110) SBS640
    Subsidy payments, July 1, 1985–June 30, 19868492-(87/1) SBS641
    Subsidy payments, July 1, 1986–June 30, 19878674-(87/117) SBS642
    Subsidy payments, July 1, 1987–June 30, 19888941-(88/122) SBS643
    Subsidy payments, July 1, 1988–June 30, 19899222-(89/97) SBS644
    Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS639
    Transfer of funds from Special Disbursement Account following termination of Trust Fund6704-(80/185) TR385
    Accrued charges and income; see Overdue obligations to Fund, purchase from Fund
    Adjustment process, international, review5392-(77/63)*12
    Administered accounts; seeArticle V, Section 2(b), administration of deposits provided by members
    Administrative accounts; see Accounts
    African Development Bank and African Development Fund, prescription as holders of SDRs8318-(86/104) S581
    Andean Reserve Fund, prescription as holder of special drawing rights6486-(80/77) S580
    Arab Monetary Fund, prescription as holder of special drawing rights6609-(80/126) S581
    Archives of the Fund, opening11192-(96/2)*542
    Arrears to the Fund, see Overdue Obligations to Fund
    Articles of Agreement*
    Amendment, SecondB/G Res. 29-8650
    B/G Res. 29-10660
    Article 1, purposes of the Fund287-3100
    433-(55/42)494
    1034-(60/27)499
    4377-(74/114)*151
    5069-(76/72)614
    Article II, Section 2, membership6266-(79/156)4
    Article III, Section 2, adjustment of quotas408-23
    Article III, Section 2(a), general review of quotasB/G Res. 31-2669
    B/G Res. 34-2672
    B/G Res. 38-1683
    B/G Res. 43-1692
    B/G Res. 44-1694
    B/G Res. 44-5697
    B/G Res. 45-1700
    B/G Res. 45-2702
    B/G Res. 48-3716
    B/G Res. 53-2721
    Article IV:
    Consultations5392-(77/63)*10
    6026-(79/13)*15
    6056-(79/38)137
    6790-(81/43)515
    7427-(83/83)20
    10168-(92/127)18
    Consultations, bicyclic procedure Termination, see Termination of Bicyclic procedures below
    Exchange arrangements5392-(77/63)10
    5712-(78/41)8
    Press information notices, Release11493-(97/45)27
    Publication of Staff Reports11973-(99/58)569
    Termination of Bicyclic Consultation procedure10362-(93/67)19
    Article IV, Section 3, surveillance over exchange rate policies5392-(77/63)*10
    6026-(79/13)*15
    Article V, Section 11289-(62/1)*431
    Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund1289-(62/1)*428
    Article V, Section 3(a), “consistent with the provisions of this Agreement,” meaning287-399
    Article V, Section 3(b)(ii), “represents” that a member has a need to make purchases284-4100
    Chairman’s

    Summing-up

    EBM/87/176
    61
    Article V, Section 3(b)(iii), waiver4377-(74/114)*153
    5508-(77/127)298
    6783-(81/40)*210
    8955-(88/126)*223
    Article V, Section 3(d):
    Sale of members’ currencies for repurchases5704-(78/39)318
    Selection of currencies in purchases6273-(79/158) G/S300
    6274-(79/158)301
    6352-(79/183)304
    6774-(81/35)310
    Article V, Section 3(f), transfers of SDRs6275-(79/158) G/S303
    Article V, Section 5, limitation on use of Fund’s resources284-3314
    286-1314
    7842-(84/165)148
    Article V, Section 6, sale of SDRs by the Fund6663-(80/160) S316
    Article V, Section 6(b), transfers of SDRs by the Fund6274-(79/158)301
    6774-(81/35)310
    Article V, Section 7, repurchases1289-(62/1)*428
    5703-(78/39)*321
    5704-(78/39)317
    5809-(78/88)*324
    6172-(79/101)319
    Article VI, capital transfers1238-(61/43)99
    Article VII, replenishment of Fund’s holdings of currencies5508-(77/127)293
    5509-(77/127)477
    6783-(81/40)*207
    Article VII, Section 1, borrowing by Fund1289-(62/1)*423
    8897-(88/93)451
    6783-(81/40)*207
    Article VIII:
    Bilateralism433-(55/42)494
    Consultations5712-(78/41)9
    Retention quotas201-(53/29)496
    Article VIII and Article XIV1034-(60/27)499
    Article VIII, Sections 2, 3, and 4, acceptance of obligations1034-(60/27)500
    Article VIII, Section 2(a): Payments restrictions144-(52/51)493
    3153-(70/95)501
    Article VIII, Section 2(b), unenforceability of exchange contracts446-4491
    Article VIII, Section 3, multiple currency practices237-2504
    649-(57/33)511
    6790-(81/43)513
    Article VIII, Section 7B/G Res. 34-3738
    Article IX, Section 7, privilege for communications534-3543
    Article XII, Section 3(b)(i) and 3(f)2-1564
    Article XII, Section 3(c):
    Additional appointed Executive Directors574-2*564
    Determination of member’s entitlement to appoint Executive Director7060-(82/23)611
    “The preceding two years,” meaning597-4565
    Article XIV:
    Articles VIII and XIV1034-(60/27)499
    Bilateralism433-(55/42)494
    Consultations5392-(77/63)*13
    Retention quotas201-(53/29)496
    Article XIV, Section 11034-(60/27)500
    Article XIV, Section 2:
    Multiple currency practices237-2509
    Payments restrictions144-(52/51)493
    3153-(70/95)102, 501
    Transitional arrangements446-4492
    Article XIV, Section 3117-1570
    Article XVII, Section 3, other holders of special drawing rights6467-(80/71) S577
    6484-(80/77) S580
    6486-(80/77) S580
    7629-(84/125)442
    8642-(87/101)S/TR582
    8759-(87/176)ESAF*45
    8937-(88/118)ESAF583
    Article XVIII, allocation of special drawing rightsB/G Res. 24-12734
    B/G Res. 34-3736, 744
    Article XVIII, Section 2(d), allocations of special drawing rights to new participants5956-(78/180) S585
    6368-(79/191)S585
    Article XIX, Section 2(c):
    Acceptance and use of special drawing rights by prescribed holders6467-(80/71) S577
    Operations and transactions in special drawing rights between participants6000-(79/1) S*586
    6001-(79/1)S*587
    6053-(79/34) S*589
    6054-(79/34) S*591
    6336-(79/178)S593
    6337-(79/ 178) S595
    6437-(80/37) S595
    Article XIX, Section 5, designation of participants to provide currency6209-(79/124) S598
    Article XIX, Section 5(a)(i), designation plans6273-(79/158) GS300
    Article XIX, Section 6(b), abrogation of rules for reconstitution6832-(81/65) S602
    Article XIX, Section 1(a), calculation of exchange rates1289-(62/1)*430
    6001-(79/1)S588
    6053-(79/34) S*590
    6054-(79/34) S*592
    6336-(79/178)S594
    7041-(82/8) G/S603
    Article XX, Section 1, interest paid on holdings of special drawing rights6467-(80/71) S577
    Article XX, Section 5, application against unpaid charges of special drawing rights acquired by participants after payment date7116-(82/68) S606
    Article XXIIB/G Res. 34-3738
    Article XXIII, Section 1, suspension of operations and transactions in special drawing rights6467-(80/71) S579
    Article XXVI, Section 2(a), ineligibility to use Fund resources343-(54/47)607
    Article XXVI, Section 31289-(62/1)*431
    Article XXVII1289-(62/1)*431
    270-(53/95)*135
    Article XXVII, Section 1(a)(i), suspension of transactions covered by stand-by arrangements270-(53/95)*135
    Article XXIX(a), list of interpretations under Article XXX(c):
    Exclusion of purchases and holdings under buffer stock facility5591-(77/163)608
    Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*608
    Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)*610
    Exclusion of purchases and holdings under extended facility6830-(81/65)609
    Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)609
    Exclusion of purchases under oil facility5371-(77/51)609
    Exclusion relating to purchases in credit tranches6830-(81/65)609
    Exclusion of purchases and holdings under Systemic Transformation Facility10348-(93/61) STF611
    Article XXX(f), freely usable currencies…5719-(78/46)612
    Article XXXI, Section 1408-23
    Schedule B, repurchases5703-(78/39)*321
    5704-(78/39)317
    6008-(79/3)485
    Schedule B, paragraph 7(b), use of amounts in excess of capital value available from gold sales for benefit of developing countries5069-(76/72)613
    Schedule F, rules for designation6209-(79/124) S599
    Schedule G, rules for reconstitution, abrogation6832-(81/65) S602
    Schedule J1289-(62/1)*431
    Schedule K1289-(62/1)*432
    Asian Development Bank, prescription as holder of special drawing rights7229-(82/136) S581
    Assessments, payment in SDR Department; see Accounts, Special Drawing Rights Department, payment of net charges and assessments
    Attribution of reductions in Fund’s holdings of currency6831-(81/65)*324
    6774-(81-35)312
    Review7704-(84/78)325
    Audit:
    Enhanced structural adjustment facility trust (ESAF Trust)
    8759-(87/176) ESAF*48
    Supplementary financing facility Subsidy Account6683-(80/185) G/TR637
    Trust Fund5069-(76/72)620
    Augmentation; see Purchase transactions, Augmentation
    B Balance of payments position:
    Assessment for assistance from Trust Fund5069-(76/72)616
    Assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S300
    Discrimination for balance of payments reasons955-(59/45)498
    Bank/Fund collaboration: Invitation to send a staff member as an observerEBM/70/30550
    Bank of Central African States, prescription as holder of special drawing rights7064-(82/26) S581
    Belgium, National Bank of, Borrowing agreement with Fund; see Borrowing by the Fund
    Bicyclic consultation procedures; see Consultation with members
    Bilateral payments arrangements, see Official clearing and payments arrangement
    Bilateralism433-(55/42)494
    Borrowed Resources Suspense Accounts; see Borrowing by the Fund, below
    Borrowing by the Fund
    Borrowed Resources Suspense Accounts6844-(81/75)487
    6845-(81/75)488
    Borrowed resources, use to finance purchases under arrangements providing enlarged access to Fund’s resources6783-(81/40)207
    General Arrangements to Borrow:1289-(62/1)*423
    Associated borrowing arrangements7403-(83/73)443
    “Outstanding borrowing and unused credit lines,” clause in respect of GAB in guidelines for Fund borrowing9862-(91/156)*490
    Renewal11609-(97/112)435
    Saudi Arabia, association agreement7403-(83/73)443
    Renewal8897-(88/93)451
    10235-(92/149)452
    11626-(97/122)454
    Transferability of claims7629-(84/25)441
    Transferability of claims; see Transferability of claims
    Use of credit arrangements for non participants1289-(62/1)*433
    Guidelines9862-(91/156)489
    New Arrangements to Borrow11428-(97/6)455
    Effective date of the decision11428-(97/6)459, 473
    Nonparticipants11428-(97/6)460
    Transferability of claims11429-(97/6)467
    Supplementary financing facility:
    Authorization to make calls6006-(79/3)485
    Interest payment procedure6163-(79/96)486
    Meaning of “net creditor position in the Fund”6008-(79/3)485
    Replenishment of holdings of currencies5509-(77/127)477
    Subsidy Account6683-(80/185) G/TR631
    Buffer stock financing facility2772-(69/47)*264
    Access limit and review2772-(69/47)*264
    Elimination of floating10186-(92/132)265
    Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5591-(77/163)608
    International Natural Rubber Agreement, 19797246-(82/147)272
    International Natural Rubber Agreement, 19879403-(90/53)274
    International Sugar Agreement, 19775597-(77/171)270
    International Tin Agreements:
    Fourth3179-(70/102)266
    Fifth5127-(76/91)267
    Sixth7247-(82/147)268
    Repurchases5703-(78/39)*321
    Sixth International Tin Agreement7247-(82/147)268
    1977 International Sugar Agreement5597-(77/171)271
    International Natural Rubber Agreement, 19797246-(82/147)272
    Burden sharing8348-(86/122)*332
    Managing Director’s Remarks337
    Extended burden sharing; see Extended burden sharing
    Implementation for FY 19898861-(88/67)*341
    for FY 19909135-(89/46)345
    for FY 199410340-(93/54)*348
    for FY 199510706-(94/52)356
    10660-(94/38)352
    for FY 199610958-(95/40)359
    for FY 199711249-(96/39)363
    for FY 199811480-(97/42)367
    for FY 199911712-(98/49)372
    for FY 200011945-(99/49)376
    Net income target:
    for FY 19898861-(88/67)*342
    for FY 199410391-(93/86)351
    for FY 199510705-(94/42)355
    for FY 199610962-(65/41)362
    for FY 199711251-(96/39)366
    for FY 199811482-(97/42)370
    Principles of “burden sharing”8861-(88/67)*341
    Rate of charge:
    for FY 19898861-(88/67)*341
    for FY 199811482-(97/42)370
    Retroactive reduction of rate of charge…10705-(94/52)355
    Special Contingent Account, amounts placed
    for FY 19878619-(87/90)339
    for FY 19888780-(88/12)339
    for FY 19898861-(88/67)*342
    for FY 19909135-(89/46)345
    9471-(90/98)378
    for FY 199410340-(93/54)349
    for FY 199510660-(94/38)352
    10706-(94/52)357
    for FY 199610958-(95/40)360
    for FY 199711249-(96/39)364
    for FY 199911712-(98/49)372
    By-Laws, Section 20 audits; see Audits
    By-Laws, Section 22, Compulsory Withdrawal: see Section 22
    C Capital transfers:
    Controls by members541-(56/39)422
    Use of Fund’s resources for1238-(61/143)99
    B/G Res. IM-6647
    Central Bank of West African States, prescription as holder of special drawing rights6908-(81/101) S581
    “Changing circumstances,” adaptation of multiple currency practices237-2510
    Charges:
    Accounting for charges from members with overdue obligations8433-(86/175)327
    Accrued charges8433-(86/175)327
    Balances held in Fund’s administrative ac- counts not in excess of 0.1 percent of quota not to be considered part of Fund’s holdings of member’s currency for calculation7060-(82/23)610
    Extended Fund facility4377-(74/114)*153
    10464-(93/130)168
    Future changes4239-(74/67)326
    Interest on Trust Fund loans; see Interest
    Media of payment5702-(78/39)* G/S326
    Oil facility Subsidy Account; see Accounts,
    Subsidy Accounts
    Overdue obligations to Fund, special charges8165-(85/189) G/TR328
    Overdue obligations to Fund, accrued income8433-(86/175)327
    Payment by nonparticipant in Special Drawing Rights Department5702-(78/39) G/S326
    Payment of net charges and assessments in Special Drawing Rights Department, procedure when participants fail to hold adequate SDRs or to acquire them from other participants or Fund7116-(82/68) S605
    Rate, as of Feb. 1, 19888780-(88/12)339
    as of May 1, 199410705-(94/52)355
    as of November 1, 199410850-(94/107)356
    as of May 1, 199510962-(95/41)362
    as of May 1, 199711482-(97/42)*370
    as of May 1, 199811711-(98/49)371
    Rate, determination of, burden sharing8348-(86/122)*333
    Rate on use of Fund resources
    for FY 199410391-(93/86)*351
    for FY 199610962-(95/41)362
    for FY 199811482-(97/42)370
    for FY 199911711-(98/49)371
    for FY 200011944-(99/49)375
    Setoff in connection with retroactive reduction8271-(86/74)331
    Special charges on overdue obligations to Fund8165-(85/189) G/TR*328
    Elimination after six months or more8165-(85/189) G/TR*329
    Trust Fund loans10352-(93/49) G/TR329
    Review of system11715-(98/49) G/SAF/TR330
    11948-(99/49) G/SAF/TR331
    Setoff against charges due for second quarter of FY 19878442-(86/178)332
    Stand-by arrangements10464-(93/130)*163
    Supplementary financing facility5508-(77/127)298
    Supplementary financing facility Subsidy Account; see Accounts, Subsidy Accounts
    Committee on Reform of the International Monetary System and Related IssuesB/G Comp. Res.649
    Final report and terminationB/G Res. 29-7650
    Support of extended Fund facility4377-(74/114)*151
    Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)515
    Commodities (see also Buffer stock financing facility; Compensatory financing …):
    Reclassification where subject to multiple currency practices237-2511
    Communications, privilege for534-3543
    Compensatory and contingency financing facility, establishment8955-(88/126)*222
    Compensatory financing of export fluctuations8955-(88/126)*226
    External contingency financing8955-(88/126)*231
    Chairman’s Summing up EBM/88/105252
    Compensatory financing of fluctuation in the cost of cereal imports8955-(88/126)*235
    Compensatory financing of fluctuations in the cost of oil imports8955-(88/126)*241
    Transitional and other provisions8955-(88/126)249
    Review, Extension of deadline11851-(98/127)251
    Compulsory withdrawal, see, Overdue obligations to Fund, Purchases from Fund
    Conditionality; see Use of Fund’s resources, Conditionality
    “Consistent with the provision of this Agreement,” meaning in Article V, Section 3287-399
    Consultation with members:
    Before accepting obligations of Article VIII, Sections 2, 3, and 41034-(60/27)500
    Bicyclic procedures and simplified interim procedures Termination10362-(93/67)19
    Bilateral arrangements433-(55/42)494
    Changes in members’ exchange arrangements, notification to Fund5712-(78/41)8
    Commodity field, attention to policies2772-(69/47)*265
    Conduct by Managing Director in interval between Article IV consultations5392-(77/63)14
    6026-(79/13)15
    Consultations under Article IV5392-(77/63)10
    6026-(79/13)15
    6056-(79/38)137
    6790-(81/43)515
    Cycles - Review10168-(92/127)18
    Press information notices, Release.11493-(97/45)27
    Publication of staff reports11973-(99/58)569
    Discussions on use of Fund’s resources.102-(52/11)100
    During period of extended arrangement.10464-(93/130)*167,168
    During period of stand-by arrangement.10464-(93/130)*162,163
    Exchange measures needing approval under Article VIII1034-(60/27)500
    Members’ policies in present circumstances4134-(74/4)503
    Multiple currency practices237-2504-05
    Periodic discussions under Article VIII.1034-(60/27)500
    Resumption of purchases under extended arrangements10464-(93/130)*167
    Resumption of purchases under stand-by arrangements270-(53/95)*135
    10464-(93/130)*162
    Retention quotas201-(53/29)496
    Special consultations5392-(77/63)14
    Whether measure is exchange restriction1034-(60/27)500
    Consultations with European Monetary Cooperation Fund on calculation of representative rate for European Currency Unit7041-(82/8) G/S603
    Consultations with prescribed holders of special drawing rights6467-(80/71) S578
    Contingency mechanism; see Compensatory and contingency financing facility
    Contingent credit lines, see, Supplemental Reserve Facility and Contingent Credit Lines
    Convertibility:
    Acceptance of obligations of Article VIII, Sections 2, 3, and 41034-(60/27)500
    Approval of exchange restrictions1034-(60/27)500
    Bilateralism433-(55/42)494
    Consultation with Fund1034-(60/27)500-01
    Discrimination955-(59/45)498
    Multiple currency practices; see Multiple currency practices
    Retention quotas201-(53/29)496
    Credit tranches; see Tranche policies
    Creditworthiness, factor in determining use of Fund’s resources102-(52/11)101
    Currencies (see also Borrowing by the Fund; Convertibility; Holdings of the Fund; Investment):
    Arrangements for use in operations and transactions of FundB/G Res. 31-2670-71
    Composition of special drawing right6631-(80/145) G/S571
    Freely usable currencies5719-(78/46)612
    11857-(98/130)612
    Guidelines for use in operational budgets6772-(81/35) G/S306
    10279-(93/19)307
    Guidelines for use in operations and transactions of General Resources Account6273-(79/158) G/S300
    6274-(79/158)301
    6774-(81/35)310
    10279-(93/19)307
    10904-(95/13)308
    Operational budgets6273-(79/158) G/S300
    6772-(81/35) G/S306
    Payment of subscriptions6266-(79/156)4
    B/G Res. 31-2670
    B/G Res. 34-2677
    B/G Res. 38-1688
    Rates for computations and maintenance of value5590-(77/163)383
    Replenishment in connection with supplementary financing facility5509-(77/127)477
    Sale by agreement with member with outstanding purchases6274-(79/158)302
    6352-(79/183)304
    Selection for payment of charges5702-(78/39)* G/S326
    Specified by the Fund, use in repurchases5703-(78/39)*323
    5809-(78/88)323-24
    Subscribed to the Fund, ownership170-33
    Currency stabilization fundsEBM/95/86183
    D Debt management policies; see External debt management policies
    Debt and debt service reduction operations, early repurchase expectations9331-(89/167)*198
    Debt and debt service reduction:
    Limit for additional resources under stand-by or extended arrangements11877-(98/2)206
    Modalities of Fund supportActing Chairman’s Summing-up EBM/94/1204
    Avoidance of linking prepayments to commercial banks with early repurchasesChairman’s Summing-up EBM/91/48204
    Debt strategy, Fund involvement inChairman’s Summing up EBM/89/61193
    Declaration of noncooperation or censureEBM/89/100115
    EBM/89/101120
    Deferred income; see Overdue obligations to Fund, Deferred income
    Designation; see Special drawing rights
    Development Committee; see Joint
    Ministerial Committee
    Discriminatory practices imposed for balance of payments reasons (see also Exchange restrictions)955-(59/45)498
    Disputes between members, Role of the Fund in settlementEMB/84/9994
    Drawings; see Purchase transactions; Use of Fund’s resources
    E East African Development Bank, prescription as holder of special drawing rights7582-(83/174) S581
    Eastern Caribbean Central Bank, prescription as holder of special drawing rights7707-(84/79) S581
    Emergency assistance:
    Natural disastersChairman’s Remarks EBM/82/16172
    Post-conflict countriesEBM/95/82175
    Emergency financing mechanismEBM/95/85179
    Enemy-occupied, former, members, introduction of multiple currency practices237-2510
    Enhanced structural adjustment facility:
    Access limits8845-(88/61) ESAF*61
    8759-(87/176)ESAF*35
    Arrears to the Fund, consequencesActing Chairman’s Remarks EBM/88/12109
    Borrowing for loan accounts, consultation with creditors9056-(89/2) ESAF63
    Establishment8757-(87/176) SAF/ESAF*411
    Extension of commitment and disbursement periods for agreement9116-(89/40) ESAF414
    Gold pledge for use of ESAF Trust resources under Right Approach10286-(93/23) ESAF*417
    Legal documentationChairman’s Remarks EBM/87/17660
    Operational arrangementsChairman’s Summing up EBM/87/17154
    Review8757-(87/176) SAF/ESAF412
    9114-(89/40) SAF/ESAF412
    9487-(90/106) SAF/ESAF*412
    9808-(91/114) SAF/ESAF413
    10089-(92/94) SAF/ESAF413
    Lapse of time procedure11515-(97/59)170
    Enhanced Structural Adjustment Facility Trust: Instrument to establish8759-(87/176) ESAF*31
    Chairman’s Summing up EBM/87/17154
    Access limits8845-(88/61) ESAF*61
    Commitment period11395-(96/110)34
    Eligible members8240-(86/56)*394
    Interest rate on trust loans8846-(88/61) ESAF62
    Lending, considered as a member’s official reserves by FundChairman’s Summing up EBM/87/17660
    Misreporting and noncomplying disbursements, Corrective action11832-(98/119) ESAF49-51
    Reserve Account, Review11409-(97/1) ESAF419
    11648-(98/1)ESAF420
    11864-(99/1)ESAF420
    Transfer to ESAF/HIPC Trust11713-(98/49) ESAF53
    11946-(99/49)ESAF54
    Special ESAF operations for HIPC and interim ESAF subsidy operations, see, Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations
    Transfer and retransfer of resources to and from Special Disbursement Account8760-(87/176)*415
    Transfer to ESAF/HIPC Trust11683-(98/27)53
    11713-(98/49)ESAF53
    11946-(99/49)ESAF54
    Trust grants or trust loans under special ESAF operations for HIPC and interim ESAF subsidy operations11434-(97/10)45
    Enhanced surveillance:
    Midterm review, procedure10365-(93/67)91
    Chairman’s Summing Up EBM/93/1592
    Procedures for transmittal of staff reports8222-(86/45)87
    Chairman’s Summing up EBM/85/13288
    Enlarged access, policy on6783-(81/40)*207
    Euro Area members, Surveillance over monetary and exchange rate policies, see, Surveillance over exchange rate policies
    Euro currency, Freely usable currencies, see, Freely usable currencies
    Euro, Representative exchange rate11858-(98/130)G/S603
    Euro, Rates for computations and maintenance of value11859-(98/130)383
    European Central Bank: Observer Status11875-(99/1)551
    European Currency Unit, representative rate in terms of SDR7041-(82/8) G/S603
    European Monetary Cooperation Fund, consultation on calculation of representative rate for European Currency Unit7041-(82/8) G/S603
    “Exceptional circumstances,” meaning in Article XIV, Section 3 (Section 4 before Second Amendment)117-1570
    237-2510
    Exchange arrangements, notification5392-(77/63)*11
    5712-(78/41)8
    Exchange contracts, unenforceability446-4491
    Exchange control regulations, Fund prepared oft advise whether maintained or imposed consistently with Fund Agreement446-4492
    Exchange controls on capital transfers541-(56/39)422
    Exchange of documents with other international agencies, see, Fund documents
    Exchange rates:
    Borrowing arrangements by Fund1289-(62/1)*430
    Exchange rate policies of members, surveillance5392-(77/63)*10
    Flexible exchange arrangements5712-(78/41)9
    Floating, guidelinesB/G Res. 29-10662
    Fluctuating:
    Multiple currency practices (fixed and fluctuating rates)237-2506-07
    Scope of transactions to be agreed with Fund237-2507
    Free markets237-2507
    Multiple currency practices arising from official action6790-(81/43)513
    Notification to Fund5392-(77/63)*11
    5712-(78/41)8
    Pegs, notification to Fund of changes.5712-(78/41)8
    Representative rate for European Currency Unit in terms of SDR7041-(82/8) G/S603
    Unification in multiple rate systems, a basic objective of Fund649-(57/33)512
    Exchange restrictions (see also Payments restrictions):
    Approval1034-(60/27)500
    Avoidance of escalation4134-(74/4)503
    4254-(74/75)515
    Bilateralism433-(55/42)494
    Capital transactions; see Capital transfers
    Consultations with Fund1034-(60/27)500-01
    Discrimination955-(59/45)498
    Guiding principle of whether measure is a restriction on payments and transfers for current international transactions1034-(60/27)500
    Introduction1034-(60/27)499
    Maintenance1034-(60/27)500
    Multiple currency practices237-2504
    649-(57/33)511
    6790-(81/43)*513
    Payments arrears3153-(70/95)102
    Retention quotas201-(53/29)496
    Security reasons; see Payments restrictions
    Transitional arrangements under
    Article XIV, obligations under
    Article VIII, Sections 2, 3, and 41034-(60/27)500
    Withdrawal, representation by Fund117-1570
    Exchange systems, avoidance of use for non- balance of payments reasons1034-(60/27)500
    Exchange taxes237-2511
    Notification to Fund5712-(78/41)9
    Exchange transactions; see Purchase transactions
    Exclusion of balances held in administrative accounts; see Accounts, Administrative accounts
    Exclusion of purchases and holdings under Fund policies; seeArticle XXX(c)
    Executive Board:
    Annual review of implementation of surveillance over members’ exchange rate policies5392-(77/63)*10
    6026-(79/13)*15
    9499-(90/11)*16
    10273-(93/15)*17
    Communication of changes in members’ ex- change arrangements5712-(78/41)9
    Information on operation of buffer stocks3179-(70/102)266
    5127-(76/91)267
    5597-(77/171)272
    7246-(82/147)274
    7247-(82/147)269
    Report to Board of Governors on quota increases under General Reviews of Quotas:
    SeventhB/G Res. 34-2672
    EighthB/G Res. 38-1683
    NinthB/G Res. 43-1692
    B/G Res. 44-5697
    B/G Res. 45-1700
    B/G Res. 45-2702
    TenthB/G Res. 48-3716
    B/G Res. 50-1718
    Review and change of rules for designation6209-(79/124) S598
    Review of broad developments in exchange rates5392-(77/63)*14
    Review of decision on extended Fund facility4377-(74/114)*154
    5220-(76/144)154
    7558-(83/156)155
    7857-(84/175)155
    8192-(86/13)156
    8583-(87/72)156
    9189-(89/77)157
    9790-(91/106)157
    10723-(94/58)158
    Lapse of time procedure11515-(97/59)170
    Review of functioning of international adjustment process5392-(77/63)*12
    Review of guidelines for borrowing by Fund9862-(91/91)489
    Review of level of Fund’s SDR holdings6275-(79/158) G/S303
    7626-(84/23) S309
    7941-(85/50) S309
    8265-(86/70) S309
    8574-(87/64) S310
    10278-(93/19) S310
    Review of prescriptions of holders of special drawing rights6467-(80/71) S578
    Review of quota calculation methodB/G Res. 38-1683
    Executive Directors:
    Additional appointed, meaning of “the preceding two years” in Article XII, Section 3(c)597-4565
    Appointment by members having five largest quotas2-1564
    Determination of members entitled to appoint under Article XII, Section 3(c)574-2*564
    Balances held in Fund’s administrative accounts not in excess of 0.1 percent of quota not to be considered part of Fund’s holdings of member’s currency for determination7060-(82/23)610
    Participation in meetings of Development CommitteeB/G Res. 29-9657
    Participation in meetings of Interim CommitteeB/G Res. 29-8651
    Voting power, effect of quota changes180-5565
    Export shortfalls, financing; see Compensatory and contingency financing facility
    Extended arrangements4377-(74/114)*150
    Access limits, see Guidelines on access limits below
    Amounts to be made available10181-(92/132)211
    Augmentation of rights to make purchases, elimination5706-(78/39)150
    Charge4377-(74/114)*153
    10464-(93/130)*168
    Debt and debt-service reduction, see, use of Fund’s resources, Debt and debt-service reduction
    Elimination of use under Enlarged Access Policy10181-(92/132)211
    Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6830-(81/65)149, 609
    Foreign borrowing, performance criteria6230-(79/140)*142
    Form, standard10464-(93/130)*164
    Guidelines on access limits10181-(92/132)211
    See also, Use of Fund’s Resources,
    Guidelines on Access Limits
    Guidelines, operational; see Performance criteria and phasing, below
    Ineligibility10464-(93/130)*167
    Publicity upon declaration7931-(85/41)567
    7999-(85/90)567
    Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)147
    EBM/85/26149
    Noncomplying purchases; see Misreporting and noncomplying purchases
    Operational guidelines; see Performance criteria and phasing, below
    Overdue obligations to Fund, purchases from Fund7908-(85/26)107
    EBM/84/54108
    Performance criteria and phasing, operational guidelines7925-(85/38)*140
    Provision for enlarged access to Fund’s resources6783-(81/40)*207
    Provision for supplementary financing5508-(77/127)293
    Repurchases; see Repurchases
    Review of decision on extended Fund facility5220-(76/144)154
    7558-(83/156)155
    7857-(84/175)155
    8192-(86/13)156
    8583-(87/72)156
    9189-(89/77)157
    9790-(91/106)157
    10723-(94/58)158
    Lapse of time procedure11515-(97/59)170
    Suspension of right to engage in purchase transactions10464-(93/130)*167
    Extended burden sharing, implementation and modalities of new special Contingent
    Account9471-(90/98)*378
    Review11714-(98/49)381
    11947-(99/49)382
    Extended Fund facility; see Extended arrangements
    External debt management policies6230-(79/140)143
    External contingency financing, see Compensatory and contingency financing facility
    F “First credit tranche,” Fund attitude to request for transactions136
    Floating rates; see Exchange rates
    Fluctuating exchange rates; see Exchange rates
    Freely usable currencies5719-(78/46)612
    11857-(98/130)612
    Free markets; see Exchange rates
    Fund documents:
    Exchange with other international agenciesA-9786-(93/20)*559
    Fund resources, use; see Use of Fund’s resources
    Fund’s holdings; see Holdings of the Fund
    G General Agreement on Tariffs and Trade1034-(60/27)501
    4254-(74/75)517-18
    B/G Res. 29-10662
    Consultation and cooperation363-1546
    General Arrangements to Borrow; see Borrowing by the Fund
    General Resources Accounts; see Accounts
    Gold:
    Modalities of gold pledge for use of ESAF Trust resources under Rights Approach10286-(93/23)*417
    Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund5703-(78/39)*322-23
    5809-(78/88)323
    Sale, amounts available to Trust Fund5069-(76/72)613
    Sale for benefit of developing members, distribution of profits through Trust Fund5069-(76/72)614
    5709-(78/41) TR625
    5832-(78/95) TR625
    6540-(80/98) TR629
    Sale, transfer of profits to Trust Fund5069-(76/72)613-14
    Subscribed to Fund, ownership170-33
    Gross reserve position; see Reverse position, gross
    H HIPC initiative, see, Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations
    Holdings of the Fund:
    Adjustment by Fund5590-(77/163)383
    Attribution of reductions to enlargement of member’s reserve tranche position6774-(81/35)312
    6831-(81/65)*324
    Attribution of reductions to repurchase obligations6831-(81/65)*324
    Balances held in administrative accounts not in excess of 0.1 percent of member’s quota, exclusion from Fund’s holdings of member’s currency for certain purposes7060-(82/23)610
    Computations and adjustment, rates5590-(77/163)383
    Exclusion of holdings resulting from credit tranche purchases6830-(81/65)149, 609
    Exclusion under buffer stock facility5591-(77/163)608
    Exclusion under compensatory and contingency financing facility8955-(88/126)*608
    Exclusion under enlarged access policy6783-(81/40)610
    Exclusion under extended Fund facility6830-(81/65)609
    Exclusion under oil facility5371-(77/51)609
    Exclusion under supplementary financing facility5508-(77/127)609
    Exclusion under systemic transformation facility10348-(93/61) STF611
    Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
    I Immunities and privileges of the Fund, see, United Nations: Convention on Privileges and Immunities
    Immunity of archives, see, Archives of the Fund
    Import restrictions imposed for balance of payments reasons, GATT members1034-(60/27)501
    Income, accrued, see Overdue obligations to Fund, purchases from Fund, Accrued charges and income
    Income, Net, see Net Income
    Income position, see Burden sharing
    Income target, see Burden sharing, net income target
    Ineligibility: see Extended arrangements; Stand- by arrangements; Use of Fund’s resources
    Interest:
    Charge on loans from Trust Fund5069-(76/72)618
    Payment on Fund indebtedness under General Arrangements to Borrow1289-(62/1)*427
    Payment on Fund indebtedness under supplementary financing facility Subsidy Account6683-(80/185)* G/TR633
    Payment under supplementary financing facility5509-(77/127) Annex480
    6163-(79/96)486
    Payments by members under Trust Fund loan agreements6358-(79/188)628
    5069-(76/72)618
    Interim Committee of the Board of Governors on the International Monetary System:
    EstablishmentB/G Res. 29-8*650
    Review of functioning of international adjustment process5392-(77/63) *12
    Rules of procedure665
    International Bank for Reconstruction and Development; Observer to Fund Board meetingsEBM/70/30550
    International Bank for Reconstruction and Development, prescription as holder of special drawing rights6718-(81/1) S581
    International Development Association, prescription as holder of special drawing rights6718-(81/1) S581
    International Fund for Agricultural Development, prescription as holder of special drawing rights6489-(80/77) S581
    International monetary system, reformB/G Comp. Res.649
    International Natural Rubber, Sugar, and Tin Agreements; see Buffer stock financing facility
    Interpretation under Articles of Agreementxliv
    Investment:
    Currencies held in supplementary financing facility Subsidy Account6683-(80/185) G/TR633
    6854-(81/78) SBS*638
    Currency balances held in Trust Fund5069-(76/72)620
    5972-(78/189)623
    5973-(78/189)TR624
    Islamic Development Bank, prescription as holder of special drawing rights7086-(82/42) S581
    J Japan, Borrowing agreement with Fund; see Borrowing by the Fund
    Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries:
    EstablishmentB/G Res. 29-9*654
    Rules of procedure666
    Secretariat function, changes in organization of work and structure667
    Joint Vienna Institute10575-(94/4)789
    Authorization to extend the Agreement until August 19,200411675-(98/21)799
    L Lapse of time procedure, Review under Fund arrangements11515-(97/59)170
    M Maintenance of value, adjustment: general policies and procedures relating to arrears to FundActing Chairman’s

    Summing up

    EBM/88/19
    110
    Managing Director:
    Authority to establish Borrowed Resources Suspense Accounts, and to transfer and invest balances of borrowed currencies6844-(81/75)487
    6845-(81/75)488
    Authority to make calls under borrowing arrangements in connection with supplementary financing facility6006-(79/3)485
    Authorized signatories9605-(90/170)566
    Consultation by eligible member to request assistance from Trust Fund5069-(76/72)616
    Consultation by member before making request under supplementary financing facility5508-(77/127)294
    Consultation by member contemplating request under extended Fund facility4377-(74/114)*152
    Consultation by member to request use of Fund resources under policy on enlarged access6783-(81/40)207
    Consultation with members when notice of exchange policy change not received5712-(78/41)9
    Consultations and proposals to Executive Board concerning sales of currencies at re- quest of members with outstanding purchases6352-(79/183)304
    Consultations with lenders on means of interest payment under borrowing agreements in connection with supplementary financing facility6163-(79/96)486
    Deposit of currencies received by supplementary financing facility Subsidy Account with Bank for International Settlements.6854-(81/78)* SBS638
    Discussions with members judged sufficiently strong whose outstanding purchases are not subject to guidelines on early repurchase with view to reducing their indebtedness to the Fund6774-(81/35)312
    Discussions with members on exchange policies5392-(77/63)*14
    6026-(79/13)*15
    Participation in meetings of Development CommitteeB/G Res. 29-9657
    Participation in meetings of Interim CommitteeB/G Res. 29-8652
    Placement of Trust Fund investments in SDR-denominated deposits5973-(78/189) TR624
    Proposals for allocation of SDRs:
    First basic periodB/G Res. 24-12734
    Third basic periodB/G Res. 34-3736
    Fourth basic period746
    Proposals for calls under General Arrangements to Borrow1289-(62/1)*426
    Proposals for Trust Fund investments5973-(78/189) TR624
    Recommendations to Executive Board regarding approval of use of Fund resources and stand-by arrangements6056-(79/38)138
    Report to Board of Governors and to Executive Board on allocation of SDRs for fourth basic period746
    Signatories, authorized, see, Authorized signatories
    Military expenditure and role of the FundConcluding

    Remarks by

    Acting Chairman

    EBM/91/138
    519
    Misreporting and noncomplying purchases, guidelines on corrective action; see Ex- tended or Stand-by arrangements
    Mix of ordinary and borrowed resources; see Enlarged access, policy on, Apportionment between ordinary and borrowed resources
    Monetary stabilization operations, use of Fund’s resources71-299
    B/G Res. IM-6647
    Multiple currency practices:
    Policy237-2504
    649-(57/33)511
    6790-(81/43)513
    Prior Fund approval5712-(78/41)9
    Spreads6790-(81/43)513
    N “Net creditor position in the Fund”6008-(79/3)485
    Net income, Disposition
    for FY 199410704-(94/52)355
    for FY 199510957-(95/40)359
    for FY 199911943-(99/49)375
    New Arrangements to Borrow, see, Borrowing by the Fund
    Noncomplying purchases; see Extended or Stand-by arrangements, Misreporting and noncomplying purchases
    Nordic Investment Bank, prescription as holder of special drawing rights6488-(80/77) S581
    O Observer status:
    European Central Bank11875-(99/1)551
    IBRDEBM/70/30550
    WTO11381-(96/105)804, 808
    Official clearing and payments arrangements, Temporary exemption from three-month rule10749-(94/67)495
    Oil facility:
    Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5371-(77/51)609
    Operational budgets:
    Assessment of strength of member’s balance of payments and gross reserve position6273-(79/158)
    G/S300
    Sales of SDRs and use of currencies6772-(81/35) G/S306
    Overdue obligations to Fund, purchases from Fund (see also Extended or Stand-by arrangements)7908-(85/26)107
    10464-(93/130)*162, 167
    Access to enhanced structural adjustment facility (ESAF)Chairman’s Closing Remarks EBM/88/12109
    Accrued charges and income8433-(86/175)327
    Accounting for overdue charges8433-(86/175)327
    Arrears to private creditors, Fund policy on lending, see, Use of Fund’s resources:
    Exchange controls and emergence of arrears, Fund policy
    Burden sharing; see Burden Sharing
    Complaint, period of considerationChairman’s Summing up EBM/85/170108
    EBM/90/38121
    Compulsory withdrawal343-(54/47)607
    EBM/89/100116-17
    EBM/89/101121
    EBM/90/38122, 127
    Declaration of ineligibilityEBM/89/100114
    EBM/89/101114
    Declaration of noncooperation or censureEBM/89/100115
    EBM/89/101120
    Deferred income8433-(86/175)327
    Letter to GovernorsEBM/89/100117-20
    EBM/89/101120-21
    Fund policy of lending following emergence of arrears-Chairman’s remarks
    EBM/99/64105
    Maintenance of value adjustments, policies and proceduresChairman’s

    Summing up

    EBM/88/19
    110
    Procedures for dealing with membersEBM/89/101112
    Publicity upon declaration of ineligibility7999-(85/90)567
    Reporting by Fund7931-(85/41)567
    Rights accumulation programs, operational modalities of rights approachChairman’s

    Summing up

    EBM/90/97
    128
    EBM/91/42131
    EBM/92/58132
    EBM/95/29134
    Extension of the periodEBM/99/29134
    Setoff in connection with retroactive reduction of charges due by members in arrears8271-(86/74)331
    Special charges on8165-(85/189)* G/TR328
    Setoff against charges due for second quarter of FY 19878442-(86/178)332
    Strengthened cooperative strategy, time- table Chairman’s of proceduresStatement

    EBM/90/38
    121
    EBM/92/58132
    Overdue payments to Fund; see Overdue obligations to Fund
    P Payments arrears3153-(70/95)102
    EBM/80/154103-04
    Payments policies of members4134-(74/4)503
    Payments restrictions; (see also Exchange restrictions; Payments arrears):
    For security reasons, Fund jurisdiction144-(52/51)493
    Withdrawal or general abandonment117-1570
    ”Position in the Fund,” definition6274-(79/158)302
    6772-(81/35)G/S306
    Press information notices, Release following completion of Article IV consultation, see, Article IV consultation
    Prior notice to Fund, imposition of payments restrictions for security reasons144-(52/51)493
    Private sector involvement in forestalling and resolving financial crisesActing Chairman’s

    Summing Up

    EBM/99/64
    105
    Pri of this Instrument, and, as required, payments see United Nations: Convention on the
    Privileges and Immunities
    Publication of Article IV Consultation Staff Reports11973-(99/58)569
    Publication of Chairman’s Statement on discussion of Use of Fund resources11971-(99/58)568
    Publication of information notices for policy matters11972-(99/58)568
    Publication of reports, overdue obligations7931-(85/41)567
    Publicity on declaration of ineligibility7999-(85/90)567
    Publicity upon Suspension of Voting Rights and termination of suspension10305-(93/32)568
    Purchase transactions (see also Use of Fund’s resources):
    Augmentation of rights to purchase under stand-by and extended arrangements, elimination5706-(78/39)150
    Purchase under buffer stock financing facility2772-(69/47)*264
    3179-(70/102)266
    5127-(76/91)267
    5591-(77/163)608
    5597-(77/171)270
    7246-(82/147)272
    7247-(82/147)268
    Purchases under compensatory and contingency financing facility8955-(88/126)*222
    Purchases under credit tranche; see Tranche policies
    Purchases under extended arrangements4377-(74/114)*152
    6830-(81/65)149
    10464-(93/130)*165
    Purchases under stand-by arrangements270-(53/95)*130
    10464-(93/130)*160
    Purchases under supplementary financing facility5508-(77/127)294-95
    Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a proposal10464-(93/130)*167
    Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*135
    10464(93/130)162
    Suspension, effect on General Arrangements to Borrow1289-(62/1)*431
    Suspension of transactions under extended arrangements10464-(93/130)*167
    Suspension of transactions under stand-by arrangements270-(53/95)*135
    10464-(93/130)*162
    Q Quotas:
    Adjustment, first interval of five years408-23
    Calculation, review of methodB/G Res. 38-1683
    Change, effect on voting power of elected Executive Director180-5565
    Reviews:
    First408-23
    Sixth General ReviewB/G Res. 31-2669
    Seventh General ReviewB/G Res. 34-2672
    Sale of SDRs by Fund to members for use in quota payments6663-(80/160) S316
    Eighth General ReviewB/G Res. 38-1683
    Ninth General Review
    Report of Executive Board to Board of GovernorsB/G Res. 43-1692
    B/G Res. 44-5697
    B/G Res. 45-1700
    B/G Res. 45-2702
    Payment of increases in quotas11649-(98/1)711
    Period of consent, extension11649-(98/1)711
    Tenth General Review
    Report of Executive Board to Board of GovernorsB/G Res. 48-3716
    Eleventh General Review
    Report of Executive Board to Board of GovernorsB/G Res. 53-2721
    Special adjustment for members with very small quotasB/G Res. 44-1694
    B/G Res. 38-1685
    R Rates for official communications of Fund534-3543
    Rates of exchange; see Exchange rates; Multiple currency practices
    Reconstitution; see Special drawing rights, Reconstitution
    Remuneration on net creditor positions, balances held in Fund’s administrative accounts not in excess of 0.1 percent of quota, exclusion from Fund’s holdings of member’s currency for calculation7060-(82/23)610
    Remuneration, rate, burden sharing8348-(86/122)*333
    Repayment by Fund of borrowed currency1289-(62/ 1)*428
    Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
    Reporting by the Fund of overdue obligations7931-(85/41)567
    Repurchases:
    Attribution of reductions in Fund’s holdings of currencies6774-(81/35)312
    6831-(81/65)*324
    Currency resulting from purchase under credit tranches5703-(78/39)*321
    Currency resulting from purchase under extended arrangement10464-(93/130)*168
    Currency resulting from purchase under stand-by arrangement.10464-(93/130)163
    Early, guidelines5704-(78/39)317
    6172-(79/101)319
    6273-(79/158) G/S300
    Early, expectation, debt and debt service reduction operations; see Debt and debt service reduction operations, early repurchase expectations
    Guidelines for selection of currencies6274-(79/158)301
    6774-(81/35)310
    Obligations to pay gold, payment with SDRs or currencies of other members5703-(78/39)*322
    5809-(78/88)323
    Of Fund’s holdings102-(52/11)102
    Procedures5703-(78/39)*322-23
    Under buffer stock financing facility5703-(78/39)*321
    Sixth International Tin Agreement7247-(82/147)268
    1977 International Sugar Agreement5597-(77/171)271
    International Natural Rubber Agreement, 19797246-(82/147)273
    Under compensatory and contingency financing facility5703-(78/39)*321
    8955-(88/126)*240, 248
    Under decision on enlarged access6783-(81/40)209-10
    Under extended Fund facility4377-(74/114)*153
    Under supplementary financing facility5508-(77/127)297
    Reserve assets:
    Guidelines for determining amount to be paid in connection with subscriptions6266-(79/156)4
    Payment for subscriptions:
    Under Eighth General Review of QuotasB/G Res. 38-1688
    Under Ninth General Review of QuotasB/G Res. 45-2711
    Reserve position, gross, assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158)G/S300
    Reserve tranche position:
    Attribution of reductions in Fund’s holdings of currencies to enlarge6774-(81/35)312
    6831-(81/65)*324
    Review7704-(84/78)325
    Balances held in Fund’s administrative accounts not in excess of 0.1 percent of quota not to be considered part of Fund’s holdings of member’s currency for determination7060-(82/23)610
    Reserve tranche purchases (see also Use of Fund’s resources):
    Exclusion of purchases and holdings in credit tranches6830-(81/65)149, 609
    Exclusion of purchases and holdings under buffer stock financing facility5591-(77/163)608
    Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*222, 608
    Exclusion of purchases and holdings under extended facility6830-(81/65)609
    Exclusion of purchases and holdings under oil facility5371-(77/51)609
    Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)610
    Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)609
    Exclusion of purchases and holdings under systemic transformation facility10348-(93/61) STF611
    Restrictions; see Exchange restrictions; Payments restrictions
    Retention quotas201-(53/29)496
    Rights approach or Rights accumulation programs; see Overdue obligations to Fund, purchases from Fund
    Rule G-11289-(62/1)431
    Rule I-6(4):
    Rate of charges8165-(85/189)* G/TR328
    8780-(88/12)339
    8861-(88/67)341
    9135-(89/46)345
    9471-(90/98)378
    10340-(93/54)348
    10348-(93/61)STF292
    11249-(96/39)363
    11251-(96/39)366
    Rule I-10:
    Rate of remuneration8348-(86/122)*333
    8861-(88/67)*342
    9471-(90/98)378
    10340-(93/54)349
    Rule O-2:
    Determination of exchange rate1289-(62/ 1)*430
    5590-(77/163)383
    6001-(79/1)S588
    6053-(79/34) S590
    6054-(79/34) S592
    6336-(79/178)S594
    7041-(82/8) G/S603
    Valuation of U.S. dollar in terms of special drawing rights6709-(80/189) S576
    Rule P-7:
    Declaration concerning use of special drawing rights in accordance with prescription on donations6437-(80/37) S596
    Declaration concerning use of special drawing rights in accordance with prescription on forward operations6337-(79/178)S596
    Declaration concerning use of special drawing rights in accordance with prescription on loans6001-(79/1) S589
    Declaration concerning use of special drawing rights in accordance with prescription on pledges6053-(79/34) S*590
    Declaration concerning use of special drawing rights in accordance with prescription on settlement of financial obligations6000-(79/1) S*587
    Declaration concerning use of special drawing rights in accordance with prescription on swap operations6336-(79/178) S594
    Declaration concerning use of special drawing rights in accordance with prescription on transfers as security for performance of financial operations6054-(79/34) S*592
    Rule P-9, record of operations in special drawing rights6000-(79/1)S*587
    6001-(79/1)S589
    6053-(79/34) S*591
    6054-(79/34) S*593
    6336-(79/178)S595
    6337-(79/178)S596
    6437-(80/37) S597
    8186-(86/9) SBS/S582
    8239-(86/56)SAF583
    8937-(88/118) ESAF/S584
    Rule R-1 through R-6, rules for reconstitution, abrogation6832-(81/65)602
    Rule T-1, interest and charges in respect of SDRs8759-(87/176)* ESAF47
    11251-(96/39)366
    S Saudi Arabia, association agreement under General Arrangements to Borrow;
    Borrowing by the Fund Transferability of claims7629-(84/25)441
    SDDS, see, Special Data Dissemination Standard (SDDS)
    Section 22 of By-Laws, compulsory withdrawal.EBM/89/100 and EBM/89/101116, 119
    Sovereign arrears, Fund policy of lending into arrearsActing Chairman’ s

    Summing Up,

    EBM/99/64
    105
    Special contingent account, establishment8619-(87/90)339
    Additions in FY 1988 and disposition of amounts placed in FY 1987 and FY 19888780-(88/12)339
    Special Contingent Account (SCA-2)9471-(90/98)* 947378
    Special Data Dissemination Standard (SDDS), see Standards for dissemination of economic and financial statistics to the public by member countries and implementation of the SDDS
    Special Disbursement Account; see Accounts
    Special drawing rights:
    Allocation for first basic periodB/G Res. 24-12734
    Allocation for third basic periodB/G Res. 34-3736
    New participants5956-(78/180) S585
    6368-(79/191) S585
    Allocation for fourth basic period, Managing Director’s report to Board of Governors and to Executive Board746
    Change in method of valuation, effect on claims under supplementary financing facility5509-(77/127)
    Annex482
    Designation, review of rules and method of calculating amounts6209-(79/124) S598
    Holders prescribed by the Fund:
    African Development Bank and African Development Fund8318-(86/104) S581
    Andean Reserve Fund6486-(80/77) S580
    Arab Monetary Fund6609-(80/126) S581
    Asian Development Bank7229-(82/136) S581
    Bank for International Settlements6484-(80/77) S580
    Bank of Central African States7064-(82/26) S581
    Central Bank of West African States6908-(81/101) S581
    East African Development Bank7582-(83/174) S581
    Eastern Caribbean Central Bank7707-(84/79) S581
    International Bank for Reconstruction and Development6718-(81/1) S581
    International Development Association6718-(81/1) S581
    International Fund for Agricultural Development6489-(80/77) S581
    Islamic Development Bank7086-(82/42) S581
    Nordic Investment Bank6488-(80/77) S581
    Swiss National Bank, Termination of status10225-(92/147) S581
    Terms and conditions for accepting, holding, or using SDRs6467-(80/71) S577
    Level of SDR holdings in General Resources Account, maintenance; see Accounts, General Resources Account
    Loans for Trust Fund expressed in5069-(76/72)618
    Method of collecting exchange rates for calculation of value of SDR for purpose of Rule O-2(a)6709-(80/189) S576
    Payment of net charges and assessment in Special Drawing Rights Department; see Special Drawing Rights Department, payment
    Payment of subscriptions6266-(79/156)5
    Reconstitution, abrogation of rules6832-(81/65) S602
    Sale by Fund to members for use in quota payments under Seventh General Review6663-(80/160) S316
    Sale by Fund, guidelines6772-(81/35) G/S306
    7626-(84/23) S309
    7941-(85/50) S309
    8265-(86/70) S309
    8574-(87/64) S309-10
    10278-(93/19) S310
    SDR-denominated deposits with Bank for International Settlements5973-(78/189) TR624
    Transfers under Article V, Section 3(f)6275-(79/158) G/S303
    Transfers under Article V, Section 6(b), guidelines for selection of currencies6274-(79/158)301
    6774-(81/35)310
    Use in donations6437-(80/37) S596
    Use in financial operations under ESAF Trust or administered account8937-(88/118) ESAF/S583
    Use in forward operations6337-(79/178) S595
    Use in loans6001-(79/1) S587
    Use in operations under structural adjustment facility8239-(86/56) SAF583
    Use in payment of charges5702-(78/39)* G/S326
    Use in payment of 25 percent of quota increasesB/G Res. 31-2670
    B/G Res. 34-2673, 677
    B/G Res. 38-1688
    B/G Res. 45-2712
    Use in payment of subsidy8186-(86/9) SBS/S582
    Use in payment of Trust Fund obligations8642-(87/101) S/TR582
    Use in pledges6053-(79/34) S*589
    Use in repurchases5703-(78/39)322-23
    5809-(78/88)323-24
    Use in settlement of financial obligations6000-(79/1) S*586
    Use in swap operations6336-(79/178) S593
    Use in transfers as security for performance of financial obligations6054-(79/34) S591
    Valuation basket, guidelines for calculation of currency amount8160-(85/186)G/S574
    11803-(98/100)G/S575
    Valuation basket, see also valuation method
    Valuation for use in borrowing arrangements1289-(62/1)*430
    Valuation, interimB/G Res. 29-10663
    Valuation method6631-(80/145)G/S571
    9549-(90/146)G/S573
    11073-(95/92)G/S573-74
    Valuation of U.S. dollar pursuant to Rule O-2(a), method6709-(80/189) S576
    Special Drawing Rights Department, payment of net charges and assessment7116-(82/68) S605
    Stabilization of prices of primary products, Fund facility; see Buffer stock financing facility
    Standards for the dissemination of economic and financial statistics to the public by member countries and implementation of the SDDSEBM/96/36521
    Stand-by Arrangements:270-(53/95)*134
    Access limits, see Guidelines on access limits below
    Augmentation of rights to make purchases, elimination5706-(78/39)150
    Charges10464-(93/130)*163
    Conditionality, guidelines6056-(79/38)137
    Review8192-(86/13)156
    8583-(87/72)156
    9790-(91/106)157
    10723-(94/58)158
    Debt and debt service reduction, Limit on set aside amount11877-(98/2)206
    Elimination of use under Enlarged Access Policy10181-(92/132)211
    Exclusion of purchases for purposes of definition of “reserve tranche purchase”6830-(81/65)609-10
    Foreign borrowing, performance criteria6230-(79/140)*142
    Form, standard10464-(93/130)*158
    Guidelines on access limits10181-(92/132)211
    10819-(94/95)212
    11098-(95/101)212-13
    11374-(96/102)213
    11608-(97/112)213-14
    11876-(99/2)214
    Guidelines, operational; see Performance criteria and phasing, below
    Ineligibility270-(53/95)*135
    10464-(93/130)*162
    Publicity upon declaration of7999-(85/90)567
    7931-(85/41)567
    Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)147
    Noncomplying purchases; see Misreporting and noncomplying purchases, above
    Operational guidelines; see Performance criteria and phasing, below
    Overdue obligations to the Fund, purchases from Fund7908-(85/26)107
    EBM/84/54108
    Payments arrears, performance criteria3153-(70/95)102-03
    Performance criteria and phasing, operational guidelines7925-(85/38)140
    Period270-(53/95)*134-35
    5508-(77/127)294-95
    6783-(81/40)208
    Policies and procedures270-(53/95)*134
    Provision for enlarged access to Fund’s resources6783-(81/40)207
    10181-(92/132)211
    Provision for supplementary financing5508-(77/127)294
    Relationship between performance criteria and phasing of purchases, operational guidelines7925-(85/38)140
    Renewal270-(53/95)*135
    Repurchases; see Repurchases, Currency resulting from purchase under stand-by arrangement
    Review, Lapse of time procedure11515-(97/59)170
    Suspension of right to engage in purchase transactions270-(53/95)*135
    10464-(93/130)*162
    Strengthened cooperation strategy on overdue obligations to Fund; see Overdue obligations to Fund, purchases from Fund
    Structural adjustment facility:
    Amounts of assistance8240-(86/56) SAF*394
    9809-(91/114) SAF413
    10090-(92/24) SAF/ESAF414
    Income from investment and loans, availability of use8760-(87/176)415
    Interest8238-(86/56) SAF*390
    List of eligible members and amounts of assistance8240-(86/56)*394
    Loans under ESAF8238-(86/56)* SAF392
    Regulations for administration8238-(86/56)* SAF386
    Chairman’s

    Summing up

    EBM/86/56
    399
    Review of experience, conditionality, benchmarks, and prior actionsChairman’s

    Summing Up

    EBM/87/93
    404
    Review of operation8241-(86/56) SAF398
    8757-(87/176) SAF/ESAF411
    9114-(89/40) SAF/ESAF412
    9487-(90/106)* SAF/ESAF412
    9808-(91/114) SAF/ESAF413
    10089-(92/94) SAF/ESAF413
    Lapse of time procedure, see, Stand-by Arrangements
    Use of SDRs in Operations8239-(86/56) SAF583
    Subscriptions:
    Gold and currency, ownership by Fund170-33
    Payment of quota increasesB/G Res. 31-2670-71
    B/G Res. 34-2678-79
    B/G Res. 38-1688
    B/G Res. 45-2711
    Reserve Assets:
    Guidelines for determining amounts to be paid6266-(79/156)4
    Payment:
    Under Eighth General Review of QuotasB/G Res. 38-1688
    Under Ninth General Review of QuotasB/G Res. 45-2711
    Subsidy Account; see Accounts, Subsidy Accounts
    Sugar Agreement, International; see Buffer stock financing facility
    Supplemental Reserve Facility and Contingent Credit Lines:
    Contingent Credit Lines11942-(99/48) SRF/CCL279
    Summing up by

    the Chairman,

    EBM/99/48
    281
    Disposition of net operational income11683-(98/27)288
    11716-(98/49)288
    11949-(99/49) SRF/CCL288
    Establishment11627-(97/123)SRF*276
    Review11895-(99/11)SRF281
    11942-(99/48) SRF/CCL281
    Supplementary financing facility:
    Authorization to make calls under borrowing arrangements6006-(79/3)485
    Charges; see Charges
    Establishment5508-(77/127)293
    No augmentation of rights to purchase5706-(78/39)150
    Replenishment of Fund’s holdings of currencies5509-(77/127)477
    Interest payments under borrowing agreements6163-(79/96)486
    Meaning of “Net creditor position in the Fund rdquo;6008-(79/3)485
    Repurchases; see Repurchases
    Subsidy Account
    Disbursement of additional subsidy amount for period ending June 30, 19868523-(87/25) SBS641
    Disbursement of additional subsidy amount for July 1, 1985 through June 30, 19878674-(87/117) SBS642
    Additional subsidy payments for May 1, 1987 through June 30, 1987 and for July 1, 1987 through June 30, 19888941-(88/122)SBS643
    Instrument6683-(80/185)* TR631
    Investment of currencies6854-(81/78)* SBS638
    Means of payments8185-(86/9)S/S639
    Subsidy payments, July 1, 1984- June 30, 19858037-(85/110) SBS640
    Subsidy payments, July 1, 1985- June 30, 19868492-(87/1) SBS641
    Subsidy payments, July 1, 1986- June 30, 19878674-(87/117)SBS642
    Supplementary financing facility:
    Subsidy payments, July 1, 1987- June 30, 19888941-(88/122)SBS643
    Subsidy payments, July 1, 1988- June 30, 19899222-(89/97)SBS644
    Subsidy payments, May 1-June 30, 1989 and July 1, 1989-June 30, 19909510-(90/122) SBS644
    Subsidy payments, May 1-June 30, 1990 and July 1, 1990-June 30, 19919788-(91/105) SBS645
    Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS639
    Transferability of claims; see Transferability of claims
    Surveillance over exchange rate policies5392-(77/63)*10
    9499-(90/111)*16
    Enhanced surveillance; see Enhanced surveillance
    Euro Area members11846-(98/125)25
    Operational guidance; see Procedures, implementation of three-month period
    Procedures, implementation of three-month period7427-(83/83)20
    Chairman’s

    Remarks

    EBM/91/15
    21
    Review of procedures9499-(90/111)*16
    10273-(93/15)17
    10949-(95/37)17
    11477-(97/38)18
    Supplemental surveillance procedures6026-(79/13)*15
    Suspension of voting rights, publicity, see Voting rights, suspension, publicity
    Systemic transformation facility10348-(93/61)* STF289
    Expiration of Period10961-(95/41)293
    T Technical assistance activities, Framework administered account10942-(95/33)*83
    Technical assistance, Fund ready to meet requests in preparation of economic programs and measures for exchange simplification649-(57/33)513
    Tin Agreements, International; see Buffer stock financing facility
    Trade, Voluntary Declaration4254-(74/75)515
    B/G Res. 29-10662
    Tranche policies:
    Application in connection with decision on enlarged access6783-(81/40)207
    Application in connection with supplementary financing facility5508-(77/127)294
    Application in connection with buffer stock financing facility10186-(92/132)265
    Application in connection with compensatory and contingency financing facility8955-(88/126)*222
    Application in connection with systemic transformation facility10348-(93/61) STF289-91
    Exclusion of credit tranche purchases for purpose of definition of “reserve tranche purchase”6830-(81/65)149
    Floating, elimination for purpose of determining level of conditionality applied to purchase10186-(92/132)265
    Fund attitude to request for transactions within “first credit tranche” and beyond.136
    Transferability of claims:
    General Arrangements to Borrow1289-(62/1)*430
    7628-(84/25)440
    Saudi Arabia’s borrowing agreement7629-(84/25)441
    Transitional provisions of Article XIV117-1570
    1034-(60/27)500
    Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations (ESAF/HIPC Trust)11436-(97/10)*64
    Chairman’s Summing up EBM/97/1077
    Administration of the Trust11436-(97/10)*74
    Contributions to the Trust11436-(97/10)*68
    Instrument to establish11436-(97/10)*64
    Period of operation and liquidation11436-(97/10)*76
    Terms and conditions for administration of Account11698-(98/38) ESAF80
    Transfer from ESAF Trust11683-(98/29)53
    Trust grants and loans11436-(97/10)*68
    Trust Fund:
    Deposits denominated in SDRs5973-(78/189) TR624
    Distribution of profits from sale of gold for benefit of developing countries5069-(76/72)614
    5709-(78/41) TR625
    5832-(78/95) TR625
    6540-(80/98) TR629
    Diversification of investments5972-(78/189)623
    5973-(78/189) TR624
    Eligible members, review of list5563-(77/150) TR622
    Final payments of profits and loans for period July 1, 1976-June 30, 19785832-(78/95) TR625
    Instrument5069-(76/72)614
    Amendment5563-(77/150)TR622
    5972-(78/189)623
    6793-(81/45)630
    Means of payment of interest6358-(79/188)TR*628
    Means of repayment by members on their indebtedness under loan agreements7142-(82/85) TR*628
    Overdue interest and special charges8165-(85/189)* G/TR328
    Elimination after six months or more10352-(93/49) G/TR*329
    Repayment terms:
    Final loan disbursement6793-(81/45)630
    Second period:
    Extension6466-(80/68) TR626
    6676-(80/168) TR627
    Extension of period for qualification6202-(79/121) TR626
    Timing of loan disbursements6201-(79/121) TR626
    Special charges on overdue interest8165-(85/189) G/TR*329
    Termination and transfer of resources to Special Disbursement Account6704-(80/185) TR629
    U Unenforceability; see Exchange contracts
    United Nations:
    Agreement with International Monetary Fund750
    Convention on the Privileges and Immunities of the Specialized Agencies757
    Application to Fund, Annex V776
    List of members which have accepted with respect to Fund777
    General Assembly Resolution entitled “Uniting for Peace,” due regard by Fund in conduct of its activitiesB/G Res. 6-8648
    United States dollars:
    Determination of value in terms of special drawing right pursuant to Rule O-2(b)6709-(80/189) S576
    Inclusion in operational budgets6772-(81/35) G/S307
    Use for payment of interest and other Fund liabilities6358-(79/188)* TR628
    Use for repayments by members on their indebtedness under Trust Fund loan agreements7142-(82/85)* TR628
    Use in payments under supplementary financing facility Subsidy Account7754-(84/108) SBS640
    Use of Fund’s resources (see also, Borrowing by the Fund; Charges; Extended arrangements; Purchase transactions; Stand-by arrangements):
    Access limits, see, Guidelines on access limits below
    Access policy, see, Guidelines on access limits below
    Application of same policy for stand-by arrangements as for requests for immediate drawings270-(53/95)*135
    Arrears to private creditors, Fund policy on lending, see, Exchange controls and emergence of arrears, Fund policy, below
    Authority to use resources of Fund, interpretation of Articles of Agreement71-299
    Buffer stock financing2772-(69/47)*264
    Buffer stock financing facility as applied of 1977 International Sugar Agreement5597-(77/171)270
    Buffer stock financing facility as applied to International Tin Agreements:
    Fourth3179-(70/102)266
    3351-(71/51)266
    Fifth5127-(76/91)267
    Sixth7247-(82/147)268
    Capital transfers1238-(61/43)99
    Chairman’s Statement, release, see, Release of Chairman’s Statement, below
    Compensatory and contingency financing facility8955-(88/126)*222
    Conditionality, guidelines6056-(79/38)137
    Review8192-(86/13)155
    8583-(87/72)156
    9189-(89/77)157
    9790-(91/106)157
    10723-(94/58)158
    “Consistent with the provisions of this Agreement” in Article V, Section 3, meaning287-399
    Credit tranche policies; see Tranche policies
    Debt and debt service reduction:
    Limit for additional resources under stand-by and extended arrangements11877-(98/2)206
    Limit on set aside amount under stand-by and extended arrangement11877(98/2)206
    Enlarged access, policy on6783-(81/40)*207
    Exchange controls and emergence of arrears, Fund policyActing Chairman’s

    Summing Up,

    EBM/99/64
    105
    Extended Fund facility4377-(74/114)*150
    “First credit tranche”136
    Floating of facilities, Elimination with respect to first credit tranche conditionality10186-(92/132)265
    Guidelines on access limits10181-(92/132)211
    Reviews10819-(94/95)212
    11098-(95/101)212
    11374-(96/102)213
    11608-(97/112)213
    11876-(99/2)214
    In accordance with purposes of Fund102-(52/11)101
    Ineligibility:
    Effect on purchases under extended arrangement10464-(93/130)*167
    Effect on purchases under stand-by arrangement270-(53/95)*135
    10464-(93/130)*162
    Publicity upon declaration7999-(85/90)567
    7931-(85/41)567
    Under Article V, Section 5284-3314
    Under Article XXVI, Section 2(a) (Article XV, Section 2(a) before Second Amendment)343-(54/47)607
    Interpretation of Articles of Agreement71-299
    Limit on access to Fund resources, guidelines.10181-(92/132)211
    10819-(94/95)212
    11098-(95/101)212
    11608-(97/112)213
    11876-(99/2)214
    Limitation under Article V, Section 5284-3314
    286-1314-15
    Monetary stabilization operations71-299
    Postponement, limitation under Article V, Section 5286-1314-15
    Release of Chairman’s Statement on discussion to the public11971-(99/58)568
    “Represents” in Article V, Section 3(b)(ii), meaning of the word284-4100
    Reserve tranche purchases; see Reserve tranche purchases
    Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a reques10464-(93/130)*162
    Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*135-36
    Stand-by and extended arrangements, forms, standard10464-(93/130)*158-68
    Suspension of exchange transactions, effect on General Arrangements to Borrow1289-(62/1)*431
    Suspension of transactions under extended arrangements10464-(93/130)*167
    Suspension of transactions under stand-by arrangements270-(53/95)*135
    10464-(93/130)*162
    Temporary assistance in financing balance of payments deficits71-299
    Tranche policies; see Tranche policies
    Waiver of condition of Article V, Section 3(b)(iii); see Waiver of condition
    Waiver of 200 percent of quota limit see also Article V, Section 3(b)(iii)2772-(69/47)*264
    V Vienna Institute:
    Agreement for the establishment10575-(94/4)789
    Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)515
    B/G Res. 29-10662
    Voting power, elected Executive Directors, effect of change in quota180-5565
    Voting rights, suspension, publicity10305-(93/32)568
    W Waiver of condition of Article V, Section 3(b)(iii)4377-(74/114)*153
    5508-(77/127)279
    6783-(81/40)210
    8955-(88/126)*223
    World Bank, see, Bank
    World Economic Outlook, framework for discussions of international adjustment process5392-(77/63)*14
    World Trade Organization (WTO):
    Agreement between WTO and the IMF806
    Fund-WTO Cooperation Agreement11381-(96/105)802
    Guidelines/Framework for Fund staff collaboration10968-(95/43)552
    Observers to Fund Board meeting11381-(96/105)808

    References are to the Articles of Agreement after the Second Amendment, which entered into force April 1, 1978. References to Articles in effect before the Second Amendment are indexed under their corresponding Articles after the Second Amendment.

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