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

Front Matter

Author(s):
International Monetary Fund
Published Date:
August 1997
    Share
    • ShareShare
    Show Summary Details

    SELECTED DECISIONS AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

    TWENTY-SECOND ISSUE

    WASHINGTON, DC

    JUNE 30, 1997

    PREFACE

    This volume is the Twenty-Second Issue of Selected Decisions of the International Monetary Fund and Selected Documents. It contains the decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents, to which frequent reference is made in the current activities of the Fund. In addition, the volume contains certain documents relating to the Fund and the United Nations. With few exceptions, the decisions are of a general nature and relate to certain obligations, policies, and procedures under the Articles of Agreement.

    The Fourteenth Issue had an accompanying Annex containing bilateral borrowing agreements entered into by the Fund for the financing of the Enlarged Access Policy and for the financing of the ESAF Trust and associated lending, as well as related decisions adopted by April 30, 1989; an updated Annex containing bilateral borrowing agreements and related decisions in force on November 30, 1995 was published as an Annex to the Twentieth Issue. Bilateral borrowing agreements entered into by the Fund in connection with the General Arrangements to Borrow are included in this volume.

    This issue contains the decisions published in the Twenty-First Issue that remain in effect, as well as new general decisions adopted after the publication of the Twenty-First Issue.

    Wherever reference is made in this volume to provisions of the Fund's Articles or Rules and Regulations that have subsequently been renumbered by, or because of, the Second Amendment of the Fund's Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

    The General Counsel

    FRANÇOIS P. GIANVITI

    Contents

    LIST OF DECISIONS BY NUMBER
    NumberPage
    1946-1951
    2-1476
    71-283
    117-1480
    170-33
    180-5477
    237-2432
    284-3266
    284-484
    286-1266
    287-383
    363-1463
    408-23
    446-4419
    534-3461
    574-2, as amended by 2620-(68/141)476
    597-4477
    1952-1977
    102-(52/11)84
    144-(52/51)421
    201-(53/29)424
    270-(53/95), as amended by 876-(59/15) and 1151-(61/6)114
    343-(54/47)513
    433-(55/42)422
    541-(56/39)357
    649-(57/33)439
    876-(59/15), see 270-(53/95) 955-(59/45)426
    1034-(60/27)427
    1151-(61/6), see 270-(53/95) 1238-(61/43)83
    1289-(62/1), as amended by 1362-(62/32), 1415-(62/47), 4421-(74/132), 5792-(78/79), 6241-(79/144), 7337-(83/37), and 10175-(92/129)358
    1362-(62/32), see 1289-(62/1)
    1415-(62/47) see 1289-(62/1)
    2620-(68/141), see 574-2
    2772-(69/47), as amended by 4913-(75/207) 7602-(84/3), and 10183-(92/132)219
    3153-(70/95)86,429
    3179-(70/102)221
    3351-(71/51)221
    4134-(74/4)431
    4239-(74/67)277
    4254-(74/75)443
    4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), 8885-(88/89), 10182-(92/132), and 10186-(92/132)129
    4421-(74/132), see 1289-(62/1)
    4913-(75/207), see 2772-(69/47)
    5069-(76/72)519
    5127-(76/91)222
    5220-(76/144)133
    5371-(77/51)515
    5392-(77/63), as amended by 8564-(87/59) 8856-(88/64) and 10950-(95/37)8
    5508-(77/127)247,515
    5509-(77/127)406
    5563-(77/150) TR528
    5590-(77/163)323
    5591-(77/163)514
    5597-(77/171)224
    5694-(78/35), see 4773-(75/136)
    5702-(78/39) G/S as amended by 7096-(82/57)G/S277
    5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)273
    5704-(78/39)269
    5706-(78/39)129
    5709-(78/41)TR530
    5712-(78/41)7
    5719-(78/46)518
    5792-(78/79), see 1289-(62/1)
    5809-(78/88)275
    5832-(78/95)TR530
    5956-(78/180)S493
    5972-(78/189)TR528
    5973-(78/189)TR529
    6000-(79/1)S, as amended by 6438-(80/37)S494
    6001-(79/1)S495
    6006-(79/3)413
    6008-(79/3)414
    6026-(79/13), as amended by 10273- (93/15) and 10364-(93/67)13
    6053-(79/34)S, as amended by 6438-(80/37)S497
    6054-(79/34)S, as amended by 6438-(80/37)S499
    6056-(79/38)116
    6163-(79/96)414
    6172-(79/101)270
    6201-(79/121)TR531
    6202-(79/121)TR531
    6209-(79/124)S505
    6230-(79/140)122
    6241-(79/144), see 1289-(62/1)
    6266-(79/156)4
    6273-(79/158)G/S253
    6274-(79/158)254
    6275-(79/158)G/S256
    6336-(79/178) S501
    6337-(79/178) S502
    6339-(79/179), see 4377-(74/114)
    6352-(79/183)256
    6358-(79/188)TR, as amended by 8640-(87/101) S/TR532
    6368-(79/191)S493
    6437-(80/37)S503
    6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
    6466-(80/68)TR531
    6467-(80/71)S486
    6484-(80/77)S488
    6486-(80/77)S489
    6487-(80/77)S489
    6488-(80/77)S489
    6489-(80/77)S489
    6540-(80/98)TR533
    6609-(80/126)S489
    6631-(80/145)G/S481
    6663-(80/160)S268
    6676-(80/168)TR532
    6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 8941-(88/122)SBS536
    6704-(80/185)TR325,534
    6709-(80/189) S485
    6718-(81/1)S489
    6772-(81/35)G/S258
    6774-(81/35)262
    6783-(81/40), as amended by 8885-(88/89)234,516
    6790-(81/43)440
    6793-(81/45)535
    6830-(81/65),129,515
    see also 4377-(74/114)
    6831-(81/65), as amended by 7059-(82/23)275
    6832-(81/65)S509
    6844-(81/75)416
    6845-(81/75)416
    6854-(81/78)SBS, as amended by 8184-(86/9)SBS542
    6862-(81/81), see 5703-(78/39)
    6870-(81/83), see 6863-(81/81)
    6908-(81/101)S489
    6925-(81/112), see 6863-(81/81)
    7041-(82/8)G/S510
    7059-(82/23), see 6831-(81/65)
    7060-(82/23)516
    7064-(82/26)S489
    7086-(82/42)S489
    7096-(82/57)G/S, see 5702-(78/39)G/S
    7116-(82/68)S511
    7142-(82/85)TR as amended by 8640-(87/101)S/TR533
    7229-(82/136)S489
    7246-(82/147)227
    7247-(82/147)223
    7337-(83/37), see 1289-(62/1)
    7403-(83/73)376
    7427-(83/83)18
    7558-(83/156)134
    7582-(83/174)S489
    7589-(83/181)418
    7602-(84/3), see 2772-(69/47)
    7626-(84/23)S261
    7628-(84/25)373
    7629-(84/25)374
    7704-(84/78)276
    7707-(84/79)S489
    7754-(84/108)SBS543
    7842-(84/165)126
    7857-(84/175)134
    7908-(85/26)89
    7925-(85/38), as amended by 8887-(88/89)119
    7931-(85/41)478
    7941-(85/50)S261
    7989-(85/81)543
    7990-(85/81)325
    7999-(85/90)478
    8029-(85/105)326
    8037-(85/110)SBS544
    8160-(85/186)G/S484
    8165-(85/189)G/TR as amended by 8496-(87/3)G/TR, 8641-(87/101)G/TR, 8923-(88/110)G/TR, 10000-(92/58)G/TR, 10337-(93/49)G/TR, 10352-(93/49)G/TR, and 10551-(94/1)G/TR279
    8184-(86/9)SBS, see 6854-(81/78)SBS
    8185-(86/9)SBS/S543
    8186-(86/9)SBS/S490
    8192-(86/13)135
    8222-(86/45)68
    8238-(86/56)SAF, as amended by 8497-(87/3)SAF, 8652-(87/105)SAF, 8758-(87/176)SAF, 9118-(89/40)SAF, 9490-(90/106)SAF, 9863-(91/156)SAF/ESAF, 10093-(92/94) SAF and 10353- (93/49)SAF326
    8239-(86/56) SAF491
    8240-(86/56)SAF, as amended by 8542-(87/36)SAF, 8651-(87/105)SAF, 8935-(88/118)SAF, 9117-(89/40)SAF 9986-(92/48)SAF, and 10184-(92/132)SAF333
    8241-(86/56)SAF336
    8265-(86/70)S262
    8271-(86/74)281
    8318-(86/104)S489
    8348-(86/122), as amended by 8481-(86-202) and 8482-(86/202)282
    8433-(86/175)278
    8442-(86/178)282
    8481-(86/202), see 8348-(86/122)
    8482-(86/202), see 8348-(86/122)
    8492-(87/1)SBS544
    8496-(87/3)G/TR, see 8165-(85/189)G/T
    8497-(87/3)SAF, see 8238-(86/56)SAF
    8523-(87/25)SBS545
    see also 6683-(80/185)G/TR
    8542-(87/36)SAF, see 8240-(86/56)SAF
    8564-(87/59), see 5392-(77/63)
    8574-(87/64)S262
    8583-(87/72)135
    8619-(87/90)289
    8640-(87/101)S/TR
    see 6358-(79/188)TR and 7142-(82/85)TR
    8641-(87/101) G/S/TR,
    see 8165-(85/189)G/TR
    8642-(87/101)S/TR490
    8651-(87/105)SAF, see 8240-(86/56)SAF
    8652-(87/105)SAF, see 8238-(86/56)SAF
    8674-(87/117)SBS546
    8733-(87/159)369
    8757-(87/176) SAF/ESAF, as amended by 9987-(92/48) SAF/ESAF347
    8758-(87/176)SAF
    see 8238-(86/56)SAF
    8759-(87/176)ESAF, as amended by 9115-(89/40)ESAF, 9488-(90/106)ESAF, 9555-(90/146)ESAF, 9585-(90/161)ESAF, 10092-(92/94)ESAF, 10287-(93/23)ESAF, 10515-(93/162)ESAF, 10530-(93/170)ESAF, 10532-(93/170)ESAF, 11114-(95/110)ESAF, 11395-(96/110)ESAF, 11434-(97/10), and 11435-(97/10)25
    8760-(87/176) as amended by 9989-(92/48) and 10531-(93/170)SAF351
    8780-(88/12)289
    8845-(88/61)ESAF as amended by 9988-(92/49)ESAF, and 10185-(93/132)ESAF 10533-(93/170)ESAF50
    8846-(88/61)ESAF52
    8856-(88/64) see 5392-(77/63) 8861-(88/67), as amended by 8880-(88/84)290
    8880-(88/84), see 8861-(88/67)
    8885-(88/89),see 4377-(74/114)and 6783-(81/40)
    8887-(88/89),see 7925-(85/38)
    8897-(88/93)383
    8923-(88/110)G/TR see 8165-(85/189) G/TR
    8935-(88/118)SAF, see 8240-(86/56)SAF
    8937-(88/118)ESAF/S491
    8941-(88/122)SBS, see also 6683-(80/185)G/TR546
    8955-(88/126) as amended by 9101-(89/30), 9153-(89/59), 9391-(90/43), 9503-(90/114), 9586-(90/161), 9587-(90/161), 9588-(90/161), 9604-(90/170), 10071-(92/85), 10183-(92/132), 10186-(92/132), 10398-(93/89), 10725-(94/58), 11169-(95/122), and 11170-(95/122) see also 5703-(78/39) and 9101-(89/30)180,514
    9028-(88/71), see 7599-(84/3) 7600-(84/3)
    9056-(89/2)ESAF52
    9101-(89/30), see 8955-(88/126)
    9114-(89/40)SAF/ESAF348
    9115-(89/40)ESAF, see 8759-(87/176)ESAF
    9116-(89/40)ESAF350
    9117-(89/40)SAF, see 8240-(86/56)SAF
    9118-(89/40)SAF, see 8238-(86/56)SAF
    9135-(89/46)294
    9153-(89/59) see 8955-(88/126)
    9189-(89/77)136
    9222-(89/97)SBS547
    9326-(89/167) see 7599-(84/3) and 7600-(84/3)
    9331-(89/167) as amended by 9693-(91/48), 10056-(92/78) and 10547-(94/1)173
    9391-(90/43) see 8955-(88/126)
    9403-(90/53)228
    9471-(90/98) as amended by 10341-(93/54)319
    9476-(90/101), see 7599-(84/3) and 7600-(84/3)
    9487-(90/106)SAF/ESAF as amended by 9776-(91/96) SAF/ESAF348
    9488-(90/106)ESAF see 8759-(87/176) ESAF
    9490-(90/106)SAF, see 8238-(86/56)SAF
    9499-(90/111), as amended by 10072-(92/85) and 10159-(92/122)15
    9503-(90/114), see 8955-(88/126)
    9510-(90/122)SBS548
    9549-(90/146)G/S483
    9555-(90/146)ESAF,
    see 8759-(87/176) ESAF
    9585-(90/161)ESAF, see 8759-(87/176)ESAF
    9586-(90/161), see 8955-(88/126)
    9587-(90/161), see 8955-(88/126)
    9588-(90/161), see 8955-(88/126)
    9604-(90/170), see 8955-(88/126)
    9693-(91/48), see 9331-(89/167)
    9776-(91/96) SAF/ESAF, see 9487- (90/106) SAF/ESAF
    9788-(91/105)548
    9790-(91/106)136
    9808-(91/114)SAF/ESAF349
    9809-(91/114)SAF349
    9862-(91/156)417
    9863-(91/156)SAF/ESAF, see 8238-(86/56) SAF
    9986-(92/48)SAF, see 8240-(86/56) SAF
    9987-(92/48) SAF/ESAF, see 8757- (87/176) SAF/ESAF,
    9988-(92/49)ESAF, see 8845-(88/61)
    9989-(92/48) see 8760-(87/176)
    10000-(92/58) G/TR
    see 8165-(85/189)G/TR
    10056-(92/78), see 9331-(89/167)
    10071-(92/85), see 8955-(88/126)
    10072-(92/85), see 9499-(90/111)
    10089-(92/94) SAF/ESAF349
    10090-(92/24) SAF350
    10092-(92/94) ESAF, see 8759-(87/176)ESAF
    10093-(92/94), see 8328-(86/56) SAF
    10159-(92/122), see 9499-(90/111)
    10168-(92/127)17
    10175-(92/129), see 1289-(62/1)
    10176-(92/129)369
    10181-(92/132)238
    10182-(92/132), see 4377-(74/114)
    10183-(92/132), see 2722-(69/47) and 8955-(88/126)
    10184-(92/132) SAF, see 8240-(86/56) SAF
    10185-(92/132)ESAF, see 8845-(88/61) ESAF
    10186-(92/132), see220
    also 4377-(74/114) and 8955-(88/126)
    10225-(92/147) S490
    10235-(92/149)385
    10273-(93/15),15
    see also 6026-(79/13)
    10278-(93/19) S262
    10279-(93/19)259
    10286-(93/23) ESAF353
    10287-(93/23) ESAF
    see 8759-(87/176)
    10305-(93/32)478
    10337-(93/49) G/TR
    see 8165-(85/189) G/TR
    10340-(93/54), as amended by 10549- (94/1)297
    10341-(93/54), see 9471-(90/98)
    10348-(93/61) STF as amended by 10760-(94/71) STF and 10855-(94/109) STF230,517
    10352-(93/49) G/TR see 8165-(93/49) G/TR
    10353-(93/49) SAF see 8238-(86/56)SAF
    10362-(93/67)17
    10364-(93/67), see 6026-(79/13)
    10365-(93/67)72
    10391-(93/86), as amended by 10552-(94/1) and 10554-(94/1)300
    10398-(93/89), see 8955-(88/126)
    10464-(93/130)137
    10515-(93/162)ESAF see 8759-(87/176) ESAF
    10530-(93/179)ESAF see also 8759-(89/176) ESAF42
    10531-(93/170)SAF see also 8760-(87/176)352
    10532-(93/170)ESAF, see 8759-(87/176) ESAF
    10533-(93/170) ESAF, see 8845-(88/61)ESAF
    10534-(93/170)ESAF52
    10535-(93/170)SAF335
    10547-(94/1), see 9331-(89/167)
    10549-(94/1), see 10340-(93/54)
    10551-(94/1)G/TR, see 8165-(85/189)G/TR
    10552-(94/1), see 10391-(93/86)
    10554-(94/1), see 10391-(93/86)
    10575-(94/4)671
    10597-(94/14)ESAF43
    10598-(94/14)SAF335
    10660-(94/38)301
    10662-94/38)321
    10704-(94/52)304
    10705-(94/52)304
    10706-(94/52)305
    10723-(94-58)137
    10725-(94/58), see 8955-(88/126)
    10749-(94/67)423
    10760-(94/71) STF see 10348-(93/61) STF
    10819-(94/95)239
    10850-(94/107)305
    10855-(94/109) STF see 10348-(93/61) STF
    10873-(95/1)335
    10886-(95/2)16
    10904-(95/13)261
    10942-(95/33)78
    10949-(95/37)16
    10950-(95/37)9
    10957-(95/40)308
    10958-(95/40)309
    10961-(95/41)234
    10962-(95/41)311
    10968-(95/43)468
    10989-(95/53) SAF335
    11027-(95/65)ESAF51
    11073-(95/92)G/S483
    11096-(95/100)122
    11098-(95/101)239
    11162-(95/121)79
    11192-(96/2)460
    11248-(96/38)124
    11249-(96/39)312
    11251-(96/39)315
    11325-(96/77)SAF335
    11374-(96/102)240
    11381-(96/105)682
    11395-(96/110)ESAF,
    see 8759-(87/176)
    11409-(97/1)ESAF355
    11428-(97/6)386
    11429-(97/6)405
    11434-(97/10). see 8759-(87/176)
    11435-(97/10). see 8759-(87/176)
    11436-(97/10)53
    11474-(97/36). see 8955-(88/126)
    11475-(97/36), see 8955-(88/126)
    11477-(97/38)16
    11480-(97/42)315
    11481-(97/42)322
    11482-(97/42)318
    11483-(97/42)318
    11492-(97/45), see 11436-(97/10)
    11493-(97/45)22
    11515-(97/59)148
    11517-(97/61)615
    LIST OF BOARD OF GOVERNORS' RESOLUTIONS
    NumberPage
    IM-6552
    6-8553
    24-12625
    29-1489
    29-7555
    29-8555
    29-9559
    29-10564
    31-2574
    34-2581
    34-3634
    38-1591
    43-1597
    44-1600
    44-5603
    45-1606
    45-2614
    48-2555
    48-3621
    48-4559
    50-1624
    INTERPRETATIONS UNDER ARTICLE XXIX (a)
    Interpretations of Articles of Agreement (71-2)83
    Unenforceability of Exchange Contracts: Fund's Interpretation of Article VIII, Section 2(b) (446-4)419
    Interpretation of Article IX, Section 7 (534-3)461
    Interpretation of Article XII, Section 3(b)(i) and 3(f) (2-1)476
    Interpretation of Article XXVI, Section 2* (343-(54-47))513

    Corresponds to Article XV, Section 2 before the Second Amendment.

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication