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

Back Matter

Author(s):
International Monetary Fund
Published Date:
August 1997
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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)516
    Borrowed Resources Suspense Accounts6844-(81/75)416
    6845-(81/75)416
    Framework Administered Account for technical assistance activities10942-(95/33)78
    General Account; see General Resources Account, below
    General Resources Account:
    Adjustment of currency holdings of members5590-(77/163)323
    Exchange rate for Fund computations5590-(77/163)323
    Level of Fund SDR holdings, maintenance6275-(79/158) G/S256
    7626-(84/23) S261
    7941-(85/50) S261
    8265-(86/70) S261
    8574-(87/64) S262
    10278-(93/19) S262
    Purchase of SDRs for payment of charge5702-(78/39)* G/S277
    Reimbursement for expenses of carrying out business of supplementary financing facility Subsidy Account6683-(80/185)G/TR*541
    Reimbursement for expenses of conducting business of Trust Fund5069-(76/72)526
    Sales of SDRs for payment of quota increases by members under Seventh General Review of Quotas6663-(80/160) S268
    Special Contingent Account, see Special Contingent Account
    Special Disbursement Account, transfer of resources to ESAF Trust and retransfer to Special Disbursement Account8760-(87/176)*351
    Special Disbursement Account, transfers to supplementary financing facility Subsidy Account6683-(80/185) G/TR*536
    6704-(80/185)TR325
    Investment7990-(85/81)325
    8029-(85/105)326
    Structural adjustment facility; see Structural adjustment facility
    Special Drawing Rights Department, payment of net charges and assessments7116-(82/68) S511
    Subsidy Accounts:
    Supplementary financing facility:
    Disbursement of additional subsidy amounts for period ending June 30, 19868523-(87/25) SBS545
    Instrument6683-(80/185) G/TR*536
    Investment of currencies6854-(81/78)* SBS416
    Means of payments8185-(86/9) SBS/S543
    Subsidy payments, July 1, 1983- June 30, 19847754.(84/108) SBS543
    Subsidy payments, July 1, 1984- June 30, 19858037-(85/110) SBS544
    Subsidy payments, July 1, 1985- June 30, 19868492-(87/1) SBS544
    Subsidy payments, July 1, 1986- June 30, 19878674-(87/117) SBS546
    Subsidy payments, July 1, 1987- June 30, 19888941-(88/122) SBS546
    Subsidy payments, July 1, 1988- June 30, 19899222-(89/97) SBS547
    Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS543
    Transfer of funds from Special Disbursement Account following termination of Trust Fund6704-(80/185) TR325,534
    Accrued charges and income; see Overdue obligations to Fund, purchase from Fund
    Adjustment process, international, review5392-(77/63)*10-11
    Administered accounts; see Article 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) S489
    Andean Reserve Fund, prescription as holder of special drawing rights6486-(80/77) S489
    Arab Monetary Fund, prescription as holder of special drawing rights6609-(80/126) S489
    Archives of the Fund, opening11192-(96/2)460
    Arrears to the Fund, see Overdue Obligations to Fund
    Articles of Agreement* Amendment, SecondB/G Res. 29-8555
    B/G Res. 29-10565
    Article 1, purposes of the Fund287-383
    433-(55/42)422
    1034-(60/27)427
    4377-(74/114)*130
    5069-(76/72)520
    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. 31-2573
    B/G Res. 34-2576
    B/G Res. 38-1587
    B/G Res. 43-1596
    B/G Res. 44-1598
    B/G Res. 44-5601
    B/G Res. 45-1605
    B/G Res. 45-2607
    B/G Res. 48-3620
    Article IV: Consultations5392-(77/63)*8-9
    6026-(79/13)*13
    6056-(79/38)117
    6790-(81/43)442
    7427-(83/83)18
    10168-(92/127)17
    Consultations, bicyclic procedure Termination, see Termination of Bicyclic procedures below
    Exchange arrangements5392-(77/63)8
    5712-(78/41)7
    Press information notices, Release11493-(97/45)22
    Termination of Bicyclic Consultation procedure10362-(93/67)17
    Article IV, Section 3, surveillance over exchange rate policies5392-(77/63)*8-13
    6026-(79/13)*13-15
    Article V, Section 11289-(62/1)365
    Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund1289-(62/1)*362
    Article V, Section 3(a), “consistent with the provisions of this Agreement,” meaning287-383
    Article V, Section 3(b)(ii), “represents” that a member has a need to make purchases284-484
    Chairman's Summing-up EBM/87/17650
    Article V, Section 3(b)(iii), waiver4377-(74/114)*132
    5508-(77/127)251
    6783-(81/40)237
    8955-(88/126)*181
    Article V, Section 3(d): Sale of members' currencies for repurchases5704-(78/39)270
    Selection of currencies in purchases6273-(79/158) G/S253
    6274-(79/158)254
    6352-(79/183)257
    6774-(81/35)262,263
    Article V, Section 3(f), transfers of SDRs6275-(79/158) G/S256
    Article V, Section 5, limitation on use of Fund's resources284-3266
    286-1266
    7842-(84/165)128
    Article V, Section 6, sale of SDRs by the Fund6663-(80/160) S268
    Article V, Section 6(b), transfers of SDRs by the Fund6274-(79/158)254
    6774-(81/35)262
    Article V, Section 7, repurchases1289-(62/1)*362
    5703-(78/39)*273
    5704-(78/39)269
    5809-(78/88)*275
    6172-(79/101)270
    Article VI, capital transfers1238-(61/43)83
    Article VII, replenishment of Fund's holdings of currencies5508-(77/127)247
    5509-(77/127)406
    6783-(81/40)*234
    Article VII, Section 1, borrowing by Fund1289-(62/1)*358
    8897-(88/93)383
    6783-(81/40)*234
    Article VIII:
    Bilateralism433-(55/42)422
    Consultations5712-(78/41)8
    Retention quotas201-(53/29)424
    Article VIII and Article XIV1034-(60/27)427
    Article VIII, Sections 2, 3, and 4, acceptance of obligations1034-(60/27)428
    Article VIII, Section 2(a): Payments restrictions144-(52/51)421
    Article VIII, Section 2(b), unenforceability of exchange contracts446-4419
    Article VIII, Section 3, multiple currency practices237-2432
    649-(57/33)439
    6790-(81/43)440
    Article VIII, Section 7B/G Res. 34-3629
    Article IX, Section 7, privilege for communications534-3461
    Article XII, Section 3(b)(i) and 3(f)2-1476
    Article XII, Section 3(c): Additional appointed Executive Directors Determination of member's entitlement to574-2*476
    appoint Executive Director7060-(82/23)517
    “The preceding two years,” meaning597-4477
    Article XIV:
    Articles VIII and XIV1034-(60/27)427
    Bilateralism433-(55/42)422
    Consultations5392-(77/63)12
    Retention quotas201-(53/29)424
    Article XIV, Section 11034-(60/27)428
    Article XIV, Section 2:
    Multiple currency practices237-2437
    Payments restrictions144-(52/51)421
    3153-(70/95)429
    Transitional arrangements446-4420
    Article XIV, Section 3117-1480
    Article XVII, Section 3, other holders of special drawing rights6467-(80/71) S486
    6484-(80/77) S488
    6486-(80/77) S489
    7629-(84125)374-75
    8642-(87/101)S/TR490
    8759-(87/176)ESAF*38
    8937-(88/118)ESAF491
    Article XVIII, allocation of special drawing rightsB/G Res. 24-12625
    B/G Res. 34-3627
    Article XVIII, Section 2(d), allocations of special drawing rights to new participants5956-(78/180) S493
    6368-(79/191) S493
    Article XIX, Section 2(c):
    Acceptance and use of special drawing rights by prescribed holders6467-(80/71) S486
    Operations and transactions in special drawing rights between participants6000-(79/1)S*494
    6001-(79/1)S*495
    6053-(79/34)S*497
    6054-(79/34)S*499
    6336-(79/178)S501
    6337-(79/178)S502
    6437-(80/37)S503
    Article XIX, Section 5, designation of participants to provide currency6209-(79/124)S505
    Article XIX, Section 5(a)(i), designation plans6273-(79/158)GS253
    Article XIX, Section 6(b), abrogation of rules for reconstitution6832-(81/65)S509
    Article XIX, Section 7(a), calculation of exchange rates1289-(62/1)*365
    6001-(79/1)S496
    6053-(79/34)S*497
    6054-(79/34)S*499
    6336-(79/178)S501
    Article XX, Section 1, interest paid on7041-(82/8)G/S510
    holdings of special drawing rights6467-(80/71)S486
    Article XX, Section 5, application against unpaid charges of special drawing rights acquired by participants after payment date7116-(82/68) S512
    Article XXIIB/G Res. 34-3629
    Article XXIII, Section 1, suspension of operations and transactions in special drawing rights6467-(80/71) S488
    Article XXVI, Section 2(a), ineligibility to use Fund resources343-(54/47)513
    Article XXVI, Section 31289-(62/1)*366
    Article XXVII1289-(62/1)*366
    270-(53/95)*115
    Article XXVII, Section l(a)(i), suspension of transactions covered by stand-by arrangements270-(53/95)*115
    Article XXIX(a), list of interpretations underxli
    Article XXX(c):
    Exclusion of purchases and holdings under buffer stock facility5591-(77/163)514
    Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*514
    Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)*516
    Exclusion of purchases and holdings under extended facility6830-(81/65)516
    Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)515
    Exclusion of purchases under oil facility
    Exclusion relating to purchases in credit tranches5371-(77/51)515
    Exclusion of purchases and holdings under6830-(81/65)516
    Systemic Transformation Facility
    10348-(93/61)
    Article XXX(f), freely usable currenciesSTF517
    Article XXXI, Section 15719-(78/46)518
    Schedule B, repurchases408-23
    5703-(78/39)*274-75
    5704-(78/39)270
    Schedule B, paragraph 7(b), use of amounts in6008-(79/3)414
    excess of capital value available from gold sales for benefit of developing countries5069-(76/72)519
    Schedule F, rules for designation6209-(79/124) S506
    Schedule G, rules for reconstitution, abrogation6832-(81/65) S509
    Schedule J1289-(62/1)366
    Schedule K1289-(62/1)*366
    Asian Development Bank, prescription as holder of special drawing rights7229-(82/136) S489
    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)*275
    6774-(81-35)264
    Review7704-(84/78)276
    Audit:
    Enhanced structural adjustment facility trust (ESAF Trust)8759-(87/176) ESAF*41
    Supplementary financing facility Subsidy Account6683-(80/185) G/TR541
    Trust Fund5069-(76/72)525
    Augmentation; see Purchase transactions,
    Augmentation
    B Balance of payments position:
    Assessment for assistance from Trust Fund5069-(76/72)522
    Assessment for purposes of designation plans,
    operational budgets, and early repurchases6273-(79/158) G/S253
    Discrimination for balance of payments reasons955-(59/45)426
    Bank/Fund collaboration:
    Invitation to send a staff member as an observerEBM/70/30467
    Bank of Central African States, prescription as holder of special drawing rights7064-(82/26) S489
    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)422
    Borrowed Resources Suspense Accounts; see
    Borrowing by the Fund, below Borrowing by the Fund Borrowed Resources Suspense Accounts6844-(81/75)416
    6845-(81/75)416
    Borrowed resources, use to finance purchases under arrangements providing enlarged access to Fund's resources6783-(81/40)234
    General Arrangements to Borrow:1289-(62/1)*358
    Associated borrowing arrangements7403-(83/73)376
    “Outstanding borrowing and unused credit lines,” clause in respect of GAB in guidelines for Fund borrowing9862-(91/156)*418
    Renewal,10176-(92/129)369
    Saudi Arabia, association agreement7403-(83/73)376
    Renewal8897-(88/93)383
    10235-(92/149)385
    Transferability of claims7629-(84/25)374
    Transferability of claims; see Transferability of claims Use of credit arrangements for nonparticipants1289-(62/1)*367
    Guidelines9862-(91/156)417
    New Arrangements to Borrow11428-(97/6)386
    Nonparticipants11428-(97/6)391
    Transferability of claims11429-(97/6)405
    Supplementary financing facility:
    Authorization to make calls6006-(79/3)413
    Interest payment procedure6163-(79/96)414
    Meaning of “net creditor position in the Fund”6008-(79/3)414
    Replenishment of holdings of currencies5509-(77/127)406
    Subsidy Account6683-(80/185) G/TR536
    Buffer stock financing facility2772-(69/47)*219
    Access limit and review2772-(69/47)*219
    Elimination of floating10186-(92/132)220
    Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5591-(77/163)514
    International Natural Rubber Agreement, 19797246-(82/147)227
    International Natural Rubber Agreement, 19879403-(90/53)228
    International Sugar Agreement, 19775597-(77/171)224
    International Tin Agreements:
    Fourth3179-(70/102)221
    Fifth5127-(76/91)222
    Sixth7247-(82/147)223
    Repurchases5703-(78/39)*273
    Sixth International Tin Agreement7247-(82/147)223
    1977 International Sugar Agreement5597-(77/171)226
    International Natural Rubber Agreement, 19797246-(82/147)227
    Burden sharing8348-(86/122)*282
    Managing Director's Remarks286
    Extended burden sharing; see Extended burden sharing Implementation for FY 19898861-(88/67)290
    for FY 19909135-(89/46)294
    for FY 199410340-(93/54)*297
    for FY 199510706-(94/52)305
    10660-(94/38)301
    for FY 199610958-(95/40)309
    for FY 199711249-(96/39)312
    for FY 199811480-(97/42)315
    Net income target:
    for FY 19898861-(88/67)291
    for FY 199410704-(94/42)304
    for FY 199510705-(94/42)304
    for FY 199610962-(65/41)311
    for FY 199711251-(96/39)315
    for FY 199811482-(97/42)318
    Principles of “burden sharing”8861-(88/67)290
    Rate of charge:
    for FY 19898861-(88/67)291
    for FY 199811482-(97/42)318
    Retroactive reduction of rate of charge10705-(94/52)304
    Special Contingent Account, amounts placed for FY 19878619-(87/90)289
    for FY 19888780-(88/12)289
    for FY 19898861-(88/67)291
    for FY 19909135-(89/46)295
    9471-(90/98)319
    for FY 199410340-(93/54)298
    for FY 199510660-(94/38)302
    10706-(94/52)306
    for FY 199610958-(95/40)309
    By-Laws, Section 20 audits; see Audits
    By-Laws, Section 22, Compulsory Withdrawal: see Section 22
    C Capital transfers:
    Controls by members541-(56/39)357
    B/G Res. 29-10566
    Restrictions237-2434
    Use of Fund's resources for1238-(61/143)83
    B/G Res. IM-6552
    Central Bank of West African States, prescription as holder of special drawing rights6908-(81/101)S489
    “Changing circumstances,” adaptation of multiple currency practices237-2438
    Charges:
    Accounting for charges from members with overdue obligations8433-(86/175)278
    Accrued charges8433-(86/175)278
    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 calculation7060-(82/23)516
    Extended Fund facility4377-(74/114)*129
    10464-(93/130)142
    Future changes4239-(74/67)277
    Interest on Trust Fund loans; see Interest Media of payment5702-(78/39)* G/S277
    Oil facility Subsidy Account; see Accounts, Subsidy Accounts
    Overdue obligations to Fund, special charges8165-(85/189) G/TR279
    Overdue obligations to Fund, accrued income8433-(86/175)278
    Payment by nonparticipant in Special Drawing Rights Department5702-(78/39)G/S277
    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)S511
    Rate, as of Feb. 1, 19888780-(88/12)289
    as of May 1, 199410705-(94/52)304
    as of November 1, 199410850-(94/107)305
    as of May 1, 199510962-(95/41)311
    Rate, determination of, burden sharing8348-(86/122)*283
    Rate on use of ordinary resources for FY 199410391-(93/86)*300
    Setoff in connection with retroactive reductions8271-(86/74)281
    Special charges on overdue obligations to Fund8165-(85/189)G/TR*279
    Elimination after six months or more8165-(85/189)G/TR*280
    Trust Fund loans10352-(93/49)G/TR*280
    Set off against charges due for second quarter of FY 19878442-(86/178)282
    Stand-by arrangements10464-(93/130)*141
    Supplementary financing facility5508-(77/127)252
    Supplementary financing facility Subsidy Account; see Accounts, Subsidy Accounts
    Committee on Reform of the International Monetary System and Related Issues B/G Comp. Res.554
    Final report and termination B/G Res. 29-7555
    Support of extended Fund facility4377-(74/114)*130
    Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)443
    Commodities (see also Buffer stock financing facility; Compensatory financing…):
    Reclassification where subject to multiple currency practices237-2436
    Communications, privilege for534-3461
    Compensatory and contingency financing facility, establishment8955-(88/126)*180
    Compensatory financing of export fluctuations8955-(88/126)*184
    External contingency financing8955-(88/126)*189
    Chairman's Summing upEBM/88/105208
    Compensatory financing of fluctuation in the cost of cereal imports8955-(88/126)*192
    Compensatory financing of fluctuations in the cost of oil imports8955-(88/126)*198
    Transitional and other provisions8955-(88/126)205
    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 3287-383
    Consultation with members:
    Before accepting obligations of Article VIII, Sections 2, 3, and 41034-60/27)428
    Bicyclic procedures and simplified interim procedures Termination10362-(93/67)17
    Bilateral arrangements
    433-(55/42)422
    Changes in members' exchange arrangements, notification to Fund5712-(78/41)7
    Commodity field, attention to policies2772-(69/47)*220
    Conduct by Managing Director in interval between Article IV consultations5392-(77/63)13
    6026-(79/13)14
    Consultations under Article IV5392-(77/63)12
    6026-(79/13)14
    6056-(79/38)117
    6790-(81/43)442
    Cycles - Review10168-(92/127)17
    Press information notices, Release11493-(97/45)22
    Discussions on use of Fund's resources102-(52/11)84
    During period of extended arrangement10464-(93/130)*146-47
    During period of stand-by arrangement10464-(93/130)*142
    Exchange measures needing approval under Article VIII1034-(60/27)428
    Members' policies in present circumstances4134-(74/4)431
    Multiple currency practices237-2432
    Periodic discussions under Article VIII1034-(60/27)428
    Resumption of purchases under extended arrangements10464-(93/130)*145
    Resumption of purchases under stand-by arrangements270-(53/95)*115
    10464-(93/130)*140-41
    Retention quotas201-(53/29)424
    Special consultations5392-(77/63)12
    Whether measure is exchange restriction1034-(60/27)428
    Consultations with European Monetary Cooperation Fund on calculation of representative rate for European Currency Unit7041 -(82/8) G/S510
    Consultations with prescribed holders of special drawing rights6467-(80/71) S487
    Contingency mechanism; see Compensatory and contingency financing facility
    Convertibility:
    Acceptance of obligations of Article VIII,
    Sections 2, 3, and 41034-(60/27)427-28
    Approval of exchange restrictions1034-(60/27)428
    Bilateralism433-(55/42)422
    Consultation with Fund1034-(60/27)427
    Discrimination955-(59/45)426
    Multiple currency practices; see Multiple currency practices
    Retention quotas201-(53/29)424
    Credit tranches; see Tranche policies Creditworthiness, factor in determining use of Fund's resources102-(52/11)85
    Currencies (see also Borrowing by the Fund; Convertibility; Holdings of the Fund; Investment):
    Arrangements for use in operations and transactions of FundB/G Res. 31-2574
    Composition of special drawing right6631-(80/145)G/S481
    Freely usable currencies5719-(78/46)518
    Guidelines for use in operational budgets6772-(81/35) G/S259
    10279-(93/19)259
    Guidelines for use in operations and trans-actions of General Resources Account6273-(79/158)G/S253
    6274-(79/158)254
    6774-(81/35)262
    10279-(93/19)259
    10904-(95/13)261
    Operational budgets6273-(79/158)G/S253
    6772-(81/35) G/S254
    Payment of subscriptions6266-(79/156)4
    B/G Res. 31-2574
    B/G Res. 34-2581
    B/G Res. 38-1592
    Rates for computations and maintenance of value5590-(77/163)323
    Replenishment in connection with supplementary financing facility5509-(77/127)406
    Sale by agreement with member with outstanding purchases6274-(79/158)254-55
    6352-(79/183)256
    Selection for payment of charges5702-(78/39)* G/S277
    Specified by the Fund, use in repurchases5703-(78/39)*274
    5809-(78/88)275
    Subscribed to the Fund, ownership170-33
    Currency stabilization fundsEBM/95/86160
    D Debt management policies; see External debt management policies
    Debt and debt service reduction operations, early repurchase expectations9331-(89/167)*173
    Debt and debt service reduction, Modalities of Fund support Acting Chairman's Summing-upEBM/94/1179
    Avoidance of linking prepayments to commercial banks with early repurchases Chairman's Summing-upEBM/91/48178
    Debt strategy, Fund involvement in Chairman's Summing upEBM/89/61168
    Declaration of noncooperation or censureEBM/89/10097
    EBM/89/101101
    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)426
    Disputes between members, Role of the Fund in settlementEMB/84/9975
    Drawings; see Purchase transactions; Use of Fund's resources
    E East African Development Bank, prescription as holder of special drawing rights7582-(83/174) S489
    Eastern Caribbean Central Bank, prescription as holder of special drawing rights7707-(84/79) S489
    Emergency assistance:
    Natural disasters Chairman's RemarksEBM/82/16150
    Post-conflict countriesEBM/95/82153
    Emergency financing mechanismEBM/95/85156
    Enemy-occupied, former, members, introduction of multiple currency practices237-2438
    Enhanced structural adjustment facility:
    Access limits8845-(88/61) ESAF*50
    8759-(87/176)ESAF*29
    Arrears to the Fund, consequences Acting Chairman's RemarksEBM/88/1291
    Borrowing for loan accounts, consultation with creditors9056-(89/2) ESAF52
    Establishment8757-(87/176) SAF/ESAF*347
    Extension of commitment and disbursement periods for agreement9116-(89/40) ESAF350
    Gold pledge for use of ESAF Trust resources under Right Approach10286-(93/23) ESAF*353
    Legal documentation Chairman's RemarksEBM/87/17650
    Operational arrangements Chairman's Summing upEBM/87/17143
    Review8757-(87/176) SAF/ESAF347
    9114-(89/40)SAF/ESAF348
    9487-(90/106)SAF/ESAF*348
    9808-(91/114)SAF/ESAF349
    10089-(92/94)SAF/ESAF349
    Lapse of time procedure11515-(97/59)148
    Enhanced Structural Adjustment Facility Trust: Instrument to establish8759-(87/176) ESAF*26
    Chairman's Summing upEBM/87/17143
    Access limits8845-(88/61) ESAF*50
    Commitment period11395-(96/110)28-29
    Eligible members8240-(86/56)*333
    Interest rate on trust loans8846-(88/61) ESAF52
    Lending, considered as a member's official reserves by Fund Chairman's Summing upEBM/87/17650
    Reserve Account, Review11409-(97/1) ESAF355
    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)*351
    Trust grants or trust loans under special ESAF operations for HIPC and interim ESAF subsidy operations11434-(97/10)38
    Enhanced surveillance:
    Midterm review, procedure10365-(93/67)72
    Chairman's Summing Up
    EBM/93/1573
    Procedures for transmittal of staff reports8222-(86/45)68
    Chairman's Summing up
    EBM/85/13269
    Enlarged access, policy on6783-(81/40)*234
    European Currency Unit, representative rate in terms of SDR7041-(82/8) G/S510
    European Monetary Cooperation Fund, consultation on calculation of representative rate for European Currency Unit7041-(82/8) G/S510
    “Exceptional circumstances,” meaning in Article XIV, Section 3 (Section 4 before Second Amendment)117-1480
    237-2437
    Exchange arrangements, notification5392-(77/63)*12
    5712-(78/41)7
    Exchange contracts, unenforceability446-4419
    Exchange control regulations, Fund prepared to advise whether maintained or imposed consistently with Fund Agreement446-4420
    Exchange controls on capital transfers541-(56/39)357
    Exchange rates:
    Borrowing arrangements by Fund1289-(62/1)*358
    Exchange rate policies of members, surveillance5392-(77/63)*8
    Flexible exchange arrangements5712-(78/41)8
    Floating, guidelinesB/G Res. 29-10566
    Fluctuating:
    Multiple currency practices (fixed and fluctuating rates)237-2435
    Scope of transactions to be agreed with Fund237-2435
    Free markets237-2435
    Multiple currency practices arising from official action6790-(81/43)441
    Notification to Fund5392-(77/63)*12
    5712-(78/41)7
    Pegs, notification to Fund of changes5712-(78/41)7
    Representative rate for European Currency Unit in terms of SDR7041-(82/8) G/S510
    Unification in multiple rate systems, a basic objective of Fund649-(57/33)439
    Exchange restrictions (see also Payments restrictions):
    Approval1034-(60/27)428
    Avoidance of escalation4134-(74/4)431
    4254-(74175)443
    Bilateralism433-(55/42)422
    Capital transactions; see Capital transfers
    Consultations with Fund1034-(60/27)427
    Discrimination955-(59/45)426
    Guiding principle of whether measure is a restriction on payments and transfers for current international transactions1034-(60/27)427
    Introduction1034-(60/27)428
    Maintenance1034-(60/27)428
    Multiple currency practices237-2432
    649-(57/33)439
    6790-(81/43)440
    Payments arrears3153-(70/95)86,429
    Retention quotas201-(53/29)424
    Security reasons; see Payments restrictions
    Transitional arrangements under Article XIV, obligations under Article VIII, Sections 2, 3, and 41034-(60/27)428
    Withdrawal, representation by Fund117-1480
    Exchange systems, avoidance of use for nonbalance of payments reasons1034-(60/27)428
    Exchange taxes237-2439
    Notification to Fund5712-(78/41)8
    Exchange transactions; see Purchase transactions
    Exclusion of balances held in administrative accounts; see Accounts, Administrative accounts
    Exclusion of purchases and holdings under Fund policies; see Article XXX(c)
    Executive Board:
    Annual review of implementation of surveillance over members' exchange rate policies5392-(77/63)*12
    6026-(79/13)*14
    9499-(90/11)*15
    10273-(93/15)16
    Communication of changes in members' exchange arrangements5712-(78/41)8
    Information on operation of buffer stocks3179-(70/102)221
    5127-(76/91)222
    5597-(77/171)226
    7246-(82/147)228
    7247-(82/147)224
    Report to Board of Governors on quota increases under General Reviews of Quotas:
    SeventhB/G Res. 34-2576
    EighthB/G Res. 38-1587
    NinthB/G Res. 43-1596
    B/G Res. 44-5601
    B/G Res. 45-1605
    B/G Res. 45-2607
    TenthB/G Res. 48-3620
    B/G Res. 50-1622
    Review and change of rules for designation6209-(79/124)S505
    Review of broad developments in exchange rates5392-(77/63)*12
    Review of decision on extended Fund facility4377-(74/114)*133
    5220-(76/144)133
    7558-(83/156)134
    7857-(84/175)134
    8192-(86/13)135
    8583-(87/72)135
    9189-(89/77)136
    9790-(91/106)136
    10723-(94/58)137
    Lapse of time procedure11515-(97/59)148
    Review of functioning of international adjustment process5392-(77/63)*11
    Review of guidelines for borrowing by Fund9862-(91/91)417
    Review of level of Fund's SDR holdings6275-(79/158)G/S256
    7626-(84/23) S261
    7941-(85/50)S261
    8265-(86/70) S262
    8574-(87/64) S262
    10278-(93/19)S262
    Review of prescriptions of holders of
    special drawing rights6467-(80/71)S487
    Review of quota calculation methodB/G Res. 38-1587
    Executive Directors:
    Additional appointed, meaning of “the preceding two years” in Article XII, Section 3(c)597-4477
    Appointment by members having five largest quotas2-1476
    Determination of members entitled to appoint under Article XII, Section 3(c)574-2*476
    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)516
    Participation in meetings of Development CommitteeB/G Res. 29-9562
    Participation in meetings of Interim CommitteeB/G Res. 29-8556
    Voting power, effect of quota changes180-5477
    Export shortfalls, financing; see Compensatory and contingency financing facility
    Extended arrangements4377-(74/114)*129
    Access limits, see Guidelines on access limits below Amounts to be made available10181-(92/132)238
    Augmentation of rights to make purchases, elimination5706-(78/39)129
    Charge4377-(74/114)*133
    10464-(93/130)*146
    Elimination of use under Enlarged Access Policy10181-(92/132)238
    Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6830-(81/65)*129
    Foreign borrowing, performance criteria6230-(79/140)*122
    Form, standard10464-(93/130)*142
    Guidelines on access limits10181-(92/132)238
    Guidelines, operational; see Performance criteria and phasing, below
    Ineligibility10464-(93/130)*145
    Publicity upon declaration7931-(85/41)478
    7999-(85/90)478
    Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)126
    EBM/85/26128
    Noncomplying purchases; see Misreporting and noncomplying purchases
    Operational guidelines; see Performance criteria and phasing, below
    Overdue obligations to Fund, purchases from Fund7908-(85/26)89
    EBM/84/5489
    Performance criteria and phasing, operational guidelines7925-(85/38)*119
    Provision for enlarged access to Fund's resources6783-(81/40)*235
    Provision for supplementary financing5508-(77/127)248
    Repurchases; see Repurchases
    Review of decision on extended Fund facility5220-(76/144)133
    7558-(83/156)134
    7857-(84/175)134
    8192-(86/13)135
    8583-(87/72)135
    9189-(89/77)136
    9790-(91/106)136
    10723-(94/58)137
    Lapse of time procedure11515-(97/59)148
    Suspension of right to engage in purchase transactions10464-(93/130)*145
    Extended burden sharing, implementation and modalities of new special Contingent Account9471-(90/98)*319
    Review11481-(97/42)322
    Extended Fund facility; see Extended arrangements
    External debt management policies6230-(79/140)122
    External contingency financing, see Compensatory and contingency financing facility
    F “First credit tranche,” Fund attitude to request for transactions116
    Floating rates; see Exchange rates
    Fluctuating exchange rates; see Exchange rates Freely usable currencies5719-(78/46)518
    Free markets; see Exchange rates
    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)429
    4254-(74/75)443
    B/G Res. 29-10567
    Consultation and cooperation363-1463
    General Arrangements to Borrow; see Borrowing by the Fund General Resources Accounts; see Accounts Gold:
    General Resources Accounts; see Accounts Gold:
    Modalities of gold pledge for use of ESAF Trust resources under Rights Approach10286-(93/23)*353
    Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund5703-(78/39)*274
    5809-(78/88)275
    Sale, amounts available to Trust Fund5069-(76/72)519
    Sale for benefit of developing members, distribution of profits through Trust Fund5069-(76/72)520
    5709-(78/41) TR530
    5832-(78/95) TR530
    6540-(80/98) TR533
    Sale, transfer of profits to Trust Fund5069-(76/72)519
    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)323
    Attribution of reductions to enlargement of member's reserve tranche position6774-(81/35)264
    6831-(81/65)*275
    Attribution of reductions to repurchase obligations6831-(81/65)*275
    Balances held in administrative accounts not excess of 0.1 percent of member's quota, exclusion from Fund's holdings of member's currency for certain purposes7060-(82/23)516
    Computations and adjustment, rates5590-(77/163)323
    Exclusion of holdings resulting from credit tranche purchases6830-(81/65)515
    Exclusion under buffer stock facility5591-(77/163)514
    Exclusion under compensatory and contingency financing facility8955-(88/126)*514
    Exclusion under enlarged access policy6783-(81/40)516
    Exclusion under extended Fund facility6830-(81/65)515
    Exclusion under oil facility5371-(77/51)515
    Exclusion under supplementary financing facility5508-(77/127)515
    Exclusion under systemic transformation facility10348-(93/61)STF517
    Replenishment; see Article VII, replenishment of Fund's holdings of currencies;
    Borrowing by the Fund Repurchases; see Repurchases
    I Import restrictions imposed for balance of payments reasons, GATT members1034-(60/27)429
    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)524
    Payment on Fund indebtedness under General Arrangements to Borrow1289-(62/1)*362
    Payment on Fund indebtedness under supplementary financing facility Subsidy Account6683-(80/185)* G/TR537
    Payment under supplementary financing facility5509-(77/127)Annex409
    6163-(79/96)414
    Payments by members under Trust Fund loan agreements6358-(79/188)532
    5069-(76/72)524
    Interim Committee of the Board of Governors on the International Monetary System: EstablishmentB/G Res. 29-8*555
    Review of functioning of international adjustment process5392-(77/63)*11
    Rules of procedure569
    International Bank for Reconstruction and Development, prescription as holder of special drawing rights6718-(81/1) S489
    International Development Association, prescription as holder of special drawing rights6718-(81/1) S489
    International Fund for Agricultural Development, prescription as holder of special drawing rights6489-(80/77) S489
    International monetary system, reformB/G Comp. Res.554
    International Natural Rubber, Sugar, and Tin Agreements; see Buffer stock financing facility
    Interpretation under Articles of Agreementxli
    Investment: Currencies held in supplementary financing facility Subsidy Account6683-(80/185) G/TR538
    6854-(81/78) SBS*542
    Currency balances held in Trust Fund5069-(76/72)526
    5972-(78/189)528
    5973-(78/189) TR529
    Islamic Development Bank, prescription as holder of special drawing rights7086-(82/42) S489
    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*559
    Rules of procedure570
    Secretariat function, changes in organization of work and structure571
    Joint Vienna Institute10575-(94/4)671
    L Lapse of time procedure, Review under Fund arrangements11515-(97/59)148
    M Maintenance of value, adjustment: general policies and procedures relating to arrears to Fund Acting Chairman's Summing upEBM/88/1992
    Managing Director:
    Authority to establish Borrowed Resources Suspense Accounts, and to transfer and invest balances of borrowed currencies6844-(81/75)416
    6845-(81/75)416
    Authority to make calls under borrowing arrangements in connection with supplementary financing facility6006-(79/3)413
    Consultation by eligible member to request assistance from Trust Fund5069-(76/72)521
    Consultation by member before making request under supplementary financing facility5508-(77/127)248
    Consultation by member contemplating request under extended Fund facility4377-(74/114)*131
    Consultation by member to request use of Fund resources under policy on enlarged access6783-(81/40)235
    Consultation with members when notice of exchange policy change not received5712-(78/41)8
    Consultations and proposals to Executive Board concerning sales of currencies at re-quest of members with outstanding purchases6352-(79/183)257
    Consultations with lenders on means of interest payment under borrowing agreements in connection with supplementary financing facility6163-(79/96)414
    Deposit of currencies received by supplementary financing facility Subsidy Account with Bank for International Settlements6854-(81/78)* SBS542
    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)264
    Discussions with members on exchange policies5392-(77/63)*13
    6026-(79/13)*14
    Participation in meetings of Development CommitteeB/G Res. 29-9562
    Participation in meetings of Interim CommitteeB/G Res. 29-8557
    Placement of Trust Fund investments in SDR-denominated deposits5973-(78/189) TR529
    Proposals for allocation of SDRs:
    First basic periodB/G Res. 24-12625
    Third basic periodB/G Res. 34-3627
    Fourth basic period636
    Proposals for calls under General Arrangements to Borrow1289-(62/1)*360
    Proposals for Trust Fund investments5973-(78/189) TR529
    Recommendations to Executive Board regarding approval of use of Fund resources and stand-by arrangements6056-(79/38)118
    Report to Board of Governors and to Executive Board on allocation of SDRs for fourth basic period636
    Military expenditure and role of the FundConcluding Remarks by Acting Chairman EBM/91/138446
    Misreporting and noncomplying purchases, guidelines on corrective action; see Extended 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 resources71-283
    B/G Res. IM-6552
    Multiple currency practices:
    Policy237-2432
    649-(57/33)439
    6790-(81/43)440
    Prior Fund approval5712-(78/41)8
    Spreads6790-(81/43)441
    N “Net creditor position in the Fund”6008-(79/3)414
    Net income, Disposition for FY 199410704-(94/52)304
    for FY 199510957-(95/40)308
    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) S489
    O Official clearing and payments arrangements,
    Temporary exemption from three-month rule10749-(94/67)423
    Oil facility:
    Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5371-(77/51)515
    Operational budgets:
    Assessment of strength of member's balance of payments and gross reserve position6273-(79/158) G/S253
    Sales of SDRs and use of currencies6772-(81/35) G/S258
    Overdue obligations to Fund, purchases from Fund (see also Extended or Stand-by arrangements)7908-(85/26)89
    10464-(93/130)*141,145
    Access to enhanced structural adjustment facility (ESAF) Chairman's Closing RemarksEBM/88/1291
    Accrued charges and income8433-(86/175)278
    Accounting for overdue charges8433-(86/175)278
    Burden sharing; see Burden Sharing Complaint, period of consideration Chairman's Summing upEBM/85/17090
    EBM/90/38102
    Compulsory withdrawal343.(54/47)513
    EBM/89/10098
    EBM/89/101102
    EBM/90/38104,108
    Declaration of ineligibilityEBM/89/10096
    EBM/89/10196
    Declaration of noncooperation or censure.EBM/89/10097
    EBM/89/101101
    Deferred income8433-(86/175)278
    Letter to GovernorsEBM/89/10098,100
    EBM/89/101101
    Maintenance of value adjustments, policies and procedures Chairman's Summing upEBM/88/1992
    Procedures for dealing with membersEBM/89/10194
    Publicity upon declaration of ineligibility7999-(85/90)478
    Reporting by Fund7931-(85/41)478
    Rights accumulation programs, operational modalities Chairman's Summing upEBM/90/97108
    EBM/91/42112
    EBM/92/58113
    EBM/95/29114
    Setoff in connection with retroactive reduction of charges due by members in arrears8271-(86/74)281
    Special charges on8165-(85/189)*
    G/TR279
    Setoff against charges due for second quarter of FY 19878442-(86/178)282
    Strengthened cooperative strategy, time-table Chairman's of procedures StatementEBM/90/38102
    EBM/92/58113
    Overdue payments to Fund; see Overdue obligations to Fund
    P Payments arrears3153-(70/95)86
    EBM/80/15487
    EBM/89/6188
    Payments policies of members4134-(74/4)431
    Payments restrictions; (see also Exchange restrictions; Payments arrears):
    For security reasons, Fund jurisdiction144-(52/51)421
    Withdrawal or general abandonment117-1480
    “Position in the Fund,” definition6274-(79/158)255
    6772-(81/35) G/S259
    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)421
    Publication of reports, overdue obligations7931-(85/41)478
    Publicity on declaration of ineligibility7999-(85/90)478
    Publicity upon Suspension of Voting Rights and termination of suspension10305-(93/32)478
    Purchase transactions (see also Use of Fund's resources):
    Augmentation of rights to purchase under stand-by and extended arrangements, elimination5706-(78/39)129
    Purchase under buffer stock financing facility2772-(69/47)*219
    3179-(70/102)221
    5127-(76/91)222
    5591-(77/163)514
    5597-(77/171)224
    7246-(82/147)227
    7247-(82/147)223
    Purchases under compensatory and contingency financing facility8955-(88/126)*180
    Purchases under credit tranche; see Tranche policies
    Purchases under extended arrangements4377-(74/114)*130
    6830-(81/65)128
    10464-(93/130)*142
    Purchases under stand-by arrangements270-(53/95)*114
    10464-(93/130)*138
    Purchases under supplementary financing facility5508-(77/127)247
    Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a proposal10464-(93/130)*146
    Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*115
    10464-(93/130)*141
    Suspension, effect on General Arrangements to Borrow1289-(62/1)*366
    Suspension of transactions under extended arrangements10464-(93/130)*145
    Suspension of transactions under stand-by arrangements270-(53/95)*115
    10464-(93/130)*141
    Q Quotas:
    Adjustment, first interval of five years408-23
    Calculation, review of methodB/G Res. 38-1587
    Change, effect on voting power of elected Executive Director180-5477
    Reviews:
    First408-23
    Sixth General ReviewB/G Res. 31-2573
    Seventh General Review Sale of SDRs by Fund to members for use in quota payments6663-(80/160) S268
    Eighth General ReviewB/G Res. 38-1587
    Ninth General Review Report of Executive Board to Board of GovernorsB/G Res. 43-1596
    B/G Res. 44-5601
    B/G Res. 45-1605
    B/G Res. 45-2607
    Payment of increases in quotas11517-(97/61)615
    Period of consent, extension11517-(97/61)615
    Tenth General Review Report of Executive Board to Board of GovernorsB/G Res. 48-3620
    Special adjustment for members with very small quotasB/G Res. 44-1598
    B/G Res. 38-1588
    R Rates for official communications of Fund534-3461
    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)516
    Remuneration, rate, burden sharing8348-(86/122)*284
    Repayment by Fund of borrowed currency1289-(62/1)*362
    Replenishment; see Article VII, replenishment of Fund's holdings of currencies; Borrowing by the Fund
    Reporting by the Fund of overdue obligations7931-(85/41)478
    Repurchases:
    Attribution of reductions in Fund's holdings of currencies6774-(81/35)264
    6831-(81/65)*275
    Currency resulting from purchase under credit tranches5703-(78/39)*273
    Currency resulting from purchase under extended arrangement10464-(93/130)*146
    Currency resulting from purchase under stand-by arrangement10464-(93/130)141
    Early, guidelines5704-(78/39)269
    6172-(79/101)270
    6273-(79/158) G/S253
    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)254
    6774-(81/35)262
    Obligations to pay gold, payment with SDRs or currencies of other members5703-(78/39)*274
    5809-(78/88)275
    Of Fund's holdings102-(52/11)84
    Procedures5703-(78/39)*273
    Under buffer stock financing facility5703-(78/39)*273
    Sixth International Tin Agreement7247-(82/147)223
    1977 International Sugar Agreement5597-(77/171)226
    International Natural Rubber Agreement, 19797246-(82/147)227
    Under compensatory and contingency financing facility5703-(78/39)*273
    8955-(88/126)*188,197,
    204-05
    Under decision on enlarged access6783-(81/40)236
    Under extended Fund facility4377-(74/114)*132
    Under supplementary financing facility5508-(77/127)250
    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. 38-1592
    Under Ninth General Review of QuotasB/G Res. 45-2615,616
    Reserve position, gross, assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S253
    Reserve tranche position:
    Attribution of reductions in Fund's holdings of currencies to enlarge6774-(81/35)264
    6831-(81/65)*275
    Review7704-(84/78)276
    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)516
    Reserve tranche purchases (see also Use of
    Fund's resources):
    Exclusion of purchases and holdings in credit tranches6830-(81/65)515
    Exclusion of purchases and holdings under buffer stock financing facility5591-(77/163)514
    Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*514
    Exclusion of purchases and holdings under extended facility6830-(81/65)515
    Exclusion of purchases and holdings under oil facility5371-(77/51)515
    Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)516
    Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)515
    Exclusion of purchases and holdings under systemic transformation facility10348-(93/61) STF517
    Restrictions; see Exchange restrictions; Payments restrictions
    Retention quotas201-(53/29)424
    Rights approach or Rights accumulation programs; see Overdue obligations to Fund, purchases from Fund
    Rule G-l1289-(62/1)*365
    Rule I-6(4):
    Rate of charges8165-(85/189)* G/TR279
    8780-(88/12)289
    8861-(88/67)291
    9135-(89/46)294
    9471-(90/98)319
    10340-(93/54)298
    10348-(93/61) STF233
    11249-(96/39)312
    11251-(96/39)315
    Rule I-10:
    Rate of remuneration8348-(86/122)*284
    8861-(88/67)292
    9471-(90/98)319
    10340-(93/54)298
    Rule O-2:
    Determination of exchange rate1289-(62/1)*364
    5590-(77/163)323
    6001-(79/1) S495
    6053-(79/34) S497
    6054-(79/34) S499
    6336-(79/178) S501
    7041-(82/8) G/S510
    Valuation of U.S. dollar in terms of special drawing rights6709-(80/189) S485
    Rule P-7:
    Declaration concerning use of special drawing rights in accordance with prescription on donations6437-(80/37) S504
    Declaration concerning use of special drawing rights in accordance with prescription on forward operations6337-(79/178)S503
    Declaration concerning use of special drawing rights in accordance with prescription on loans6001-(79/1) S496
    Declaration concerning use of special drawing rights in accordance with prescription on pledges6053-(79/34) S*498
    Declaration concerning use of special drawing rights in accordance with prescription on settlement of financial obligations6000-(79/1) S*495
    Declaration concerning use of special drawing rights in accordance with prescription on swap operations6336-(79/178) S502
    Declaration concerning use of special drawing rights in accordance with prescription on transfers as security for performance of financial operations6054-(79/34) S*500
    Rule P-9, record of operations in special drawing rights6000-(79/1) S*495
    6001-(79/1) S497
    6053-(79/34) S*498
    6054-(79/34) S*501
    6336-(79/178) S502
    6337-(79/178) S503
    6437-(80/37) S504
    8186-(86/9) SBS/S491
    8239-(86/56) SAF491
    8937-(88/118)ESAF/S492
    Rule R-1 through R-6, rules for reconstitution, abrogation6832-(81/65)509
    Rule T-l, interest and charges in respect of SDRs8759-(87/176)* ESAF40
    11251-(96/39)315
    S Saudi Arabia, association agreement under General Arrangements to Borrow;
    Borrowing by the Fund Transferability of claims7629-(84/25)374
    SDDS, see, Special Data Dissemination Standard (SDDS)
    Section 22 of By-Laws, compulsory withdrawalEBM/89/100 and EBM/89/10198
    Special contingent account, establishment8619-(87/90)289
    Additions in FY 1988 and disposition of amounts placed in FY 1987 and FY 19888780-(88/12)289
    Special Contingent Account (SCA-2)9471-(90/98)*319
    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. 24-12625
    Allocation for third basic periodB/G Res. 34-3627
    New participants5956-(78/180) S493
    6368-(79/191) S493
    Allocation for fourth basic period, Managing Director's report to Board of Governors and to Executive Board636
    Change in method of valuation, effect on claims under supplementary financing facility5509-(77/127) Annex411
    Designation, review of rules and method of calculating amounts6209-(79/124) S505
    Holders prescribed by the Fund:
    African Development Bank and African Development Fund8318-(86/104) S489
    Andean Reserve Fund6486-(80/77) S489
    Arab Monetary Fund6609-(80/126) S489
    Asian Development Bank7229-(82/136) S489
    Bank for International Settlements6484-(80/77) S488
    Bank of Central African States7064-(82/26) S489
    Central Bank of West African States6908-(81/101) S489
    East African Development Bank7582-(83/174) S489
    Eastern Caribbean Central Bank7707-(84/79) S489
    International Bank for Reconstruction and Development6718-(81/1) S489
    International Development Association.6718-(81/1) S489
    International Fund for Agricultural Development6489-(80/77) S489
    Islamic Development Bank7086-(82/42) S489
    Nordic Investment Bank6488-(80/77) S489
    Swiss National Bank, Termination of status10225-(92/147) S490
    Terms and conditions for accepting, holding, or using SDRs6467-(80/71) S486
    Level of SDR holdings in General Resources Account, maintenance; see Accounts, General Resources Account
    Loans for Trust Fund expressed in5069-(76/72)524
    Method of collecting exchange rates for calculation of value of SDR for purpose of Rule O-2(a)6709-(80/189) S485
    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) S509
    Sale by Fund to members for use in quota payments under Seventh General Review6663-(80/160) S268
    Sale by Fund, guidelines6772-(81/35) G/S258
    7626-(84/23) S261
    7941-(85/50) S261
    8265-(86/70) S262
    8574-(87/64) S262
    10278-(93/19) S262
    SDR-denominated deposits with Bank for International Settlements5973-(78/189) TR529
    Transfers under Article V, Section 3(f)6275-(79/158) G/S256
    Transfers under Article V, Section 6(b), guidelines for selection of currencies6274-(79/158)254
    6774-(81/35)262
    Use in donations6437-(80/37) S503
    Use in financial operations under ESAF Trust or administered account8937-(88/118) ESAF/S491
    Use in forward operations6337-(79/178) S502
    Use in loans6001-(79/1) S495
    Use in operations under structural adjustment facility8239-(86/56) SAF491
    Use in payment of charges5702-(78/39)* G/S277
    Use in payment of 25 percent of quota increasesB/G Res. 31-2574
    B/G Res. 34-2577,581
    B/G Res. 38-1592
    B/G Res. 45-2616
    Use in payment of subsidy8186-(86/9)
    SBS/S490
    Use in payment of Trust Fund obligations8642-(87/101) S/TR490
    Use in pledges6053-(79/34) S*497
    Use in repurchases5703-(78/39)274
    5809-(78/88)275
    Use in settlement of financial obligations6000-(79/1) S*494
    Use in swap operations6336-(79/178) S501
    Use in transfers as security for performance of financial obligations6054-(79/34) S499
    Valuation basket, guidelines for calculation of currency amount8160-(85/186) G/S484
    Valuation basket, see also, valuation method Valuation for use in borrowing arrangements1289-(62/1)*365
    Valuation, interimB/G Res. 29-10567
    Valuation method6631-(80/145)G/S481
    9549-(90/146)G/S483
    11073-(95/92)G/S483
    Valuation of U.S. dollar pursuant to Rule O-2(a), method6709-(80/189) S485
    Special Drawing Rights Department, payment of net charges and assessment7116-(82/68) S511
    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/96/36448
    Stand-by Arrangements:270-(53/95)*114
    Access limits, see Guidelines on access limits below
    Augmentation of rights to make purchases,
    elimination5706-(78/39)129
    Charges10464-(93/130)*141
    Conditionality, guidelines6056-(79/38)116
    Review8192-(86/13)135
    8583-(87/72)135
    9790-(91/106)136
    10723-(94/58)137
    Elimination of use under Enlarged Access Policy10181-(92/132)238
    Exclusion of purchases for purposes of definition of “reserve tranche purchase”6830-(81/65)515
    Foreign borrowing, performance criteria6230-(79/140)*122
    Form, standard10464-(93/130)*137
    Guidelines on access limits10181-(92/132)238
    10819-(94/95)239
    11098-(95/101)239
    11374-(96/102)240
    Guidelines, operational; see Performance criteria and phasing, below
    Ineligibility270-(53/95)*115
    10464-(93/130)*141
    Publicity upon declaration of7999-(85/90)478
    7931-(85/41)478
    Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)126
    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)89
    EBM/84/5489
    Payments arrears, performance criteria3153-(70/95)86
    Performance criteria and phasing, operational guidelines7925-(85/38)119
    Period270-(53/95)115
    5508-(77/127)248
    6783-(81/40)235
    Policies and procedures270-(53/95)114
    Provision for enlarged access to Fund's resources6783-(81/40)234
    10181-(92/132)238
    Provision for supplementary financing5508-(77/127)247
    Relationship between performance criteria and phasing of purchases, operational guidelines7925-(85/38)119
    Renewal270-(53/95)115
    Repurchases; see Repurchases, Currency resulting from purchase under stand-by arrangement
    Review, Lapse of time procedure11515-(97/59)148
    Suspension of right to engage in purchase transactions270-(53/95)*115
    10464-(93/130)*141
    Strengthened cooperation strategy on overdue obligations to Fund; see Overdue obligations to Fund, purchases from Fund
    Structural adjustment facility:
    Amounts of assistance8240-(86/56) SAF333
    9809-(91/114)SAF349
    10090-(92/24)SAF/ESAF350
    Income from investment and loans, availability of use8760-(87/176)351
    Interest8238-(86/56)SAF*330
    List of eligible members and amounts of assistance8240-(86/56)*333
    Loans under ESAF8238-(86/56)* SAF331
    Regulations for administration8238-(86/56)* SAF326
    Chairman's Summing upEBM/86/56336
    Review of experience, conditionality, benchmarks, and prior actions Chairman's Summing UpEBM/87/93341
    Review of operation8241-(86/56) SAF336
    8757-(87/176) SAF/ESAF347
    9114-(89/40) SAF/ESAF348
    9487-(90/106)* SAF/ESAF348
    9808-(91/114)SAF/ESAF349
    10089-(92/94)SAF/ESAF349
    Lapse of time procedure, see, Stand-by Arrangements
    Use of SDRs in Operations8239-(86/56)SAF491
    Subscriptions:
    Gold and currency, ownership by Fund170-33
    Payment of quota increases B/G Res. 31-2574,575
    B/G Res.34-2581,582
    B/G Res.38-1592
    B/G Res. 45-2615,616
    Reserve Assets: Guidelines for determining amounts to be paid6266-(79/156)4
    Payment: Under Eighth General Review of QuotasB/G Res.38-1592
    Under Ninth General Review of QuotasB/G Res.45-2616
    Subsidy Account; see Accounts, Subsidy Accounts
    Sugar Agreement, International; see Buffer stock financing facility
    Supplementary financing facility: Authorization to make calls under borrowing arrangements6006-(79/3)413
    Charges; see Charges Establishment5508-(77/127)247
    No augmentation of rights to purchase5706-(78/39)129
    Replenishment of Fund's holdings of currencies5509-(77/127)406
    Interest payments under borrowing agreements6163-(79/96)414
    Meaning of “Net creditor position in the Fund”
    Repurchases; see Repurchases6008-(79/3)414
    Subsidy Account Disbursement of additional subsidy amount for period ending June 30, 19868523-(87/25) SBS545
    Disbursement of additional subsidy amount for July 1, 1985 through June 30, 19878674-(87/117)SBS546
    Additional subsidy payments for May 1, 1987 through June 30, 1987 and for July 1, 1987 through June 30, 1988.8941-(88/122) SBS546
    Instrument6683-(80/185)* TR536
    Investment of currencies SBS6854-(81/78)542
    Means of payments SBS/S8185-(86/9)543
    Subsidy payments, July 1, 1984-June 30, 19858037-(85/110) SBS544
    Subsidy payments, July 1, 1985-June 30, 19868492-(87/1) SBS544
    Subsidy payments, July 1, 1986-June 30, 19878674-(87/117) SBS546
    Subsidy payments, July 1, 1987-June 30, 19888941-(88/122) SBS546
    Subsidy payments, July 1, 1988-June 30, 19899222-(89/97) SBS547
    Subsidy payments, May 1-June 30, 1989 and July 1, 1989-June 30, 19909510-(90/122) SBS548
    Subsidy payments, May 1-June 30, 1990 and July 1, 1990-June 30, 19919788-(91/105) SBS548
    Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS543
    Transferability of claims; see Transferability of claims
    Surveillance over exchange rate policies5392-(77/63)*8
    9499-(90/111)*15
    Enhanced surveillance; see Enhanced surveillance Operational guidance; see Procedures, implementation of three-month period Procedures, implementation of three-month period7427-(83/83)18
    Chairman's RemarksEBM/91/1519
    Review of procedures9499-(90/111)*15
    10273-(93/15)15
    10949-(95/37)16
    11477-(97/38)16
    Supplemental surveillance procedures6026-(79/13)14
    Suspension of voting rights, publicity, see Voting rights, suspension, publicity
    Systemic transformation facility10348-(93/61)* STF230
    Expiration of Period10961-(95/41)234
    T Technical assistance activities, Framework administered account10942-(95/33)*78
    Technical assistance, Fund ready to meet requests in preparation of economic programs and measures for exchange simplification649-(57/33)440
    Tin Agreements, International; see Buffer stock financing facility
    Trade, Voluntary Declaration4254-(74/75)443
    B/G Res. 29-10567
    Tranche policies:
    Application in connection with decision on enlarged access6783-(81/40)234
    Application in connection with supplementary financing facility5508-(77/127)247
    Application in connection with buffer stock financing facility10186-(92/132)220
    Application in connection with compensatory and contingency financing facility8955-(88/126)*181
    Application in connection with systemic transformation facility10348-(93/61)
    STF230
    Exclusion of credit tranche purchases for purpose of definition of “reserve tranche purchase”6830-(81/65)128
    Floating, elimination for purpose of determining level of conditionality applied to purchase10186-(92/132)220
    Fund attitude to request for transactions within “first credit tranche” and beyond116
    Transferability of claims:
    General Arrangements to Borrow1289-(62/1)*365
    7628-(84/25)373
    Saudi Arabia's borrowing agreement7629-(84/25)374
    Transitional provisions of Article XIV117-1480
    1034-(60/27)428
    Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations11436-(97/10)*53
    Chairman's Summing upEBM/97/1065
    Administration of the Trust11436-(97/10)*62
    Contributions to the Trust11436-(97/10)*57
    Instrument to establish11436-(97/10)*53
    Period of operation and liquidation11436-(97/10)*64
    Trust grants and loans
    Trust Fund:11436-(97/10)57
    Deposits denominated in SDRs
    Distribution of profits from sale of gold for benefit of developing countries5973-(78/189) TR529
    5069-(76/72)520
    5709-(78/41) TR530
    5832-(78/95) TR530
    Diversification of investments6540-(80/98) TR533
    5972-(78/189)528
    Eligible members, review of list
    5973-(78/189) TR529
    Final payments of profits and loans for period July 1, 1976-June 30, 19785563-(77/150) TR528
    5832-(78/95) TR530
    Instrument5069-(76/72)520
    Amendment5563-(77/150)TR528
    5972-(78/189)528
    6793-(81/45)535
    Means of payment of interest6358-(79/188) TR*532
    Means of repayment by members on their indebtedness under loan agreements7142-(82/85) TR*533
    Overdue interest and special charges8165-(85/189)* G/TR279
    Elimination after six months or more10352-(93/49) G/TR280
    Repayment terms:
    Final loan disbursement6793-(81/45)535
    Second period:
    Extension6466-(80/68) TR531
    6676-(80/168) TR532
    Extension of period for qualification6202-(79/121)TR531
    Timing of loan disbursements6201-(79/121)TR531
    Special charges on overdue interest8165-(85/189) G/TR*279
    Termination and transfer of resources to Special Disbursement Account6683-(80/185) G/TR*542
    6704-(80/185) TR534
    U Unenforceability; see Exchange contracts
    United Nations:
    Agreement with International Monetary Fund641
    Convention on the Privileges and Immunities of the Specialized Agencies648
    Application to Fund, Annex V666
    List of members which have accepted with respect to Fund667
    General Assembly Resolution entitled “Uniting for Peace,” due regard by Fund in conduct of its activitiesB/G Res.6-8553
    United States dollars:
    Determination of value in terms of special drawing right pursuant to Rule O-2(b)6709-(80/189)S485
    Inclusion in operational budgets6772-(81/35) G/S259
    Use for payment of interest and other Fund liabilities6358-(79/188)* TR532
    Use for repayments by members on their indebtedness under Trust Fund loan agreements7142-(82/85)* TR533
    Use in payments under supplementary financing facility Subsidy Account7754-(84/108) SBS544
    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)*114
    Authority to use resources of Fund, interpretation of Articles of Agreement71-283
    Buffer stock financing2772-(69/47)*219
    Buffer stock financing facility as applied to 1977 International Sugar Agreement5597-(77/171)224
    Buffer stock financing facility as applied to International Tin Agreements:
    Fourth3179-(70/102)221
    3351-(71/51)221
    Fifth5127-(76/91)222
    Sixth7247-(82/147)223
    Capital transfers1238-(61/43)83
    Compensatory and contingency financing facility8955-(88/126)*180
    Conditionality, guidelines6056-(79/38)116
    Review8192-(86/13)135
    8583-(87/72)135
    9189-(89/77)136
    9790-(91/106)136
    10723-(94/58)137
    “Consistent with the provisions of this Agreement” in Article V, Section 3, meaning287-383
    Credit tranche policies; see Tranche policies
    Enlarged access, policy on6783-(81/40)*234
    Extended Fund facility4377-(74/114)*129
    “First credit tranche”116
    Floating of facilities, Elimination with respect to first credit tranche conditionality10186-(92/132)220
    Guidelines on access limits10181-(92/132)238
    Reviews10819-(94/95)239
    11098-(95/101)239
    11374-(96/102)240
    In accordance with purposes of Fund102-(52/11)84
    Ineligibility:
    Effect on purchases under extended arrangement10464-(93/130)*145
    Effect on purchases under stand-by arrangement270-(53/95)*115
    10464-(93/130)*141
    Publicity upon declaration7999-(85/90)478
    7931-(85/41)478
    Under Article V, Section 5284-3266
    Under Article XXVI, Section 2(a) (Article XV, Section 2(a) before Second Amendment)343-(54/47)513
    Interpretation of Articles of Agreement71-283
    Limit on access to Fund resources, guidelines10181-(92/132)238
    10819-(94/95)239
    11098-(95/101)240
    Limitation under Article V, Section 5284-3266
    286-1266
    Monetary stabilization operations71-283
    Postponement, limitation under Article V,
    Section 5286-1266
    “Represents” in Article V, Section 3(b)(ii), meaning of the word284-484
    Reserve tranche purchases; see Reserve tranche purchases
    Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a request10464-(93/130)*146
    Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*115
    Stand-by and extended arrangements, forms, standard10464-(93/130)*137
    Suspension of exchange transactions, effect on General Arrangements to Borrow1289-(62/1)*366
    Suspension of transactions under extended arrangements10464-(93/130)*145
    Suspension of transactions under stand-by arrangements270-(53/95)*115
    10464-(93/130)*141
    Temporary assistance in financing balance of payments deficits71-283
    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)*219
    V Vienna Institute: Agreement for the establishment10575-(94/4)671
    Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)443
    B/G Res. 29-10567
    Voting power, elected Executive Directors, effect of change in quota180-5477
    Voting rights, suspension, publicity10305-(93/32)478
    W Waiver of condition of Article V,
    Section 3(b)(iii)4377-(74/114)*132
    5508-(77/127)251
    6783-(81/40)237
    8955-(88/126)*181
    World Bank, see, Bank World Economic Outlook, framework for discussions of international adjustment process5392-(77/63)*12
    World Trade Organization (WTO):
    Agreement between WTO and the IMF686
    Fund-WTO Cooperation Agreement11381-(96/105)682
    Guidelines/Framework for Fund staff collaboration10968-(95/43)468

    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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