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

Front Matter

Author(s):
International Monetary Fund
Published Date:
September 1996
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    SELECTED DECISIONS AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

    TWENTY-FIRST ISSUE

    WASHINGTON, DC

    June 30, 1996

    PREFACE

    This volume is the Twenty-First 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 Twentieth Issue that remain in effect, as well as new general decisions adopted after the publication of the Twentieth 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

    Selected Decisions of the Executive Board and Selected Documents

    Selected Resolutions of the Board of Governors and Related Documents

    LIST OF DECISIONS BY NUMBER

    NumberPage
    2-1434
    71-264
    117-1438
    170-33
    180-5435
    237-2390
    284-3247
    284-465
    286-1247
    287-364
    363-1421
    408-23
    446-4377
    534-3419
    574-2, as amended by 2620-(68/141)434
    597-4435
    102-(52/11)65
    144-(52/51)379
    201-(53/29)382
    270-(53/95), as amended by 876-(59/15) and 1151-(61/6)95
    343-(54/47)471
    433-(55/42)380
    541-(56/39)335
    649-(57/33)397
    876-(59/15), see 270-(53/95) 955-(59/45)384
    1034-(60/27)385
    1151-(61/6), see 270-(53/95) 1238-(61/43)64
    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)336
    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)199
    3153-(70/95)67,387
    3179-(70/102)201
    3351-(71/51)202
    4134-(74/4)389
    4239-(74/67)258
    4254-(74/75)401
    4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), 8885-(88/89), 10182-(92/132), and 10186-(92/132)110
    4421-(74/132), see 1289-(62/1)
    4913-(75/207), see 2772-(69/47)
    5069-(76/72)477
    5127-(76/91)202
    5220-(76/144)114
    5371-(77/51)473
    5392-(77/63), as amended by 8564-(87/59) 8856-(88/64) and 10950-(95/37)8
    5508-(77/127)227,473
    5509-(77/127)364
    5563-(77/150) TR486
    5590-(77/163)301
    5591-(77/163)472
    5597-(77/171)205
    5694-(78/35), see 4773-(75/136) 5702-(78/39) G/S as amended by 7096-(82/57)G/S258
    5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)254
    5704-(78/39)250
    5706-(78/39)110
    5709-(78/41)TR488
    5712-(78/41)7
    5719-(78/46)476
    5792-(78/79), see 1289-(62/1)
    5809-(78/88)256
    5832-(78/95)TR488
    5956-(78/180)S451
    5972-(78/189)TR486
    5973-(78/189)TR487
    6000-(79/1)S, as amended by 6438-(80/37)S452
    6001-(79/1)S453
    6006-(79/3)371
    6008-(79/3)372
    6026-(79/13), as amended by 10273-(93/15) and 10364-(93/67)13
    6053-(79/34)S, as amended by 6438-(80/37)S455
    6054-(79/34)S, as amended by 6438-(80/37)S457
    6056-(79/38)97
    6163-(79/96)372
    6172-(79/101)251
    6201-(79/121)TR489
    6202-(79/121)TR489
    6209-(79/124)S463
    6230-(79/140)103
    6241-(79/144), see 1289-(62/1)
    6266-(79/156)4
    6273-(79/158)G/S234
    6274-(79/158)235
    6275-(79/158)G/S237
    6336-(79/178) S459
    6337-(79/178) S460
    6339-(79/179), see 4377-(74/114)
    6352-(79/183)237
    6358-(79/188)TR, as amended by 8640-(87/101) S/TR490
    6368-(79/191)S451
    6437-(80/37)S461
    6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
    6466-(80/68)TR489
    6467-(80/71)S444
    6484-(80/77)S446
    6486-(80/77)S447
    6487-(80/77)S447
    6488-(80/77)S447
    6489-(80/77)S447
    6540-(80/98)TR491
    6609-(80/126)S447
    6631-(80/145)G/S439
    6663-(80/160)S249
    6676-(80/168)TR490
    6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 8941-(88/122)SBS494
    6704-(80/185)TR303,492
    6709-(80/189) S443
    6718-(81/1)S447
    6772-(81/35)G/S239
    6774-(81/35)243
    6783-(81/40), as amended by 8885-(88/89)215,474
    6790-(81/43)398
    6793-(81/45)493
    6830-(81/65), see also 4377-(74/114)110,473
    6831-(81/65), as amended by 7059-(82/23)256
    6832-(81/65)S467
    6844-(81/75)374
    6845-(81/75)374
    6854-(81/78)SBS, as amended by 8184-(86/9)SBS500
    6862-(81/81), see 5703-(78/39)
    6870-(81/83), see 6863-(81/81) 6908-(81/101)S447
    6925-(81/112), see 6863-(81/81) 7041-(82/8)G/S468
    7059-(82/23), see 6831-(81/65) 7060-(82/23)474
    7064-(82/26)S447
    7086-(82/42)S447
    7096-(82/57)G/S, see 5702-(78/39)G/S
    7116-(82/68)S469
    7142-(82/85)TR as amended by 8640-(87/101)S/TR491
    7229-(82/136)S447
    7246-(82/147)207
    7247-(82/147)203
    7337-(83/37), see 1289-(62/1)
    7403-(83/73)354
    7427-(83/83)17
    7558-(83/156)115
    7582-(83/174)S447
    7589-(83/181)376
    7602-(84/3), see 2772-(69/47)
    7626-(84/23)S242
    7628-(84/25)351
    7629-(84/25)352
    7704-(84/78)257
    7707-(84/79)S447
    7754-(84/108)SBS501
    7842-(84/165)107
    7857-(84/175)115
    7908-(85/26)70
    7925-(85/38), as amended by 8887-(88/89)100
    7931-(85/41)436
    7941-(85/50)S242
    7989-(85/81)501
    7990-(85/81)303
    7999-(85/90)436
    8029-(85/105)304
    8037-(85/110)SBS502
    8160-(85/186)G/S442
    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/TR259
    8184-(86/9)SBS, see 6854-(81/78)SBS
    8185-(86/9)SBS/S501
    8186-(86/9)SBS/S448
    8192-(86/13)115
    8222-(86/45)49
    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)SAF304
    8239-(86/56) SAF449
    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)SAF311
    8241-(86/56)SAF314
    8265-(86/70)S242
    8271-(86/74)262
    8318-(86/104)S447
    8348-(86/122), as amended by 8481-(86-202) and 8482-(86/202)263
    8433-(86/175)259
    8442-(86/178)263
    8481-(86/202), see 8348-(86/122)
    8482-(86/202), see 8348-(86/122)
    8492-(87/1)SBS502
    8496-(87/3)G/TR, see 8165-(85/189)G/T
    8497-(87/3)SAF, see 8238-(86/56)SAF
    8523-(87/25)SBS503
    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)S243
    8583-(87/72)116
    8619-(87/90)270
    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/TR448
    8651-(87/105)SAF, see 8240-(86/56)SAF
    8652-(87/105)SAF, see 8238-(86/56)SAF
    8674-(87/117)SBS504
    8733-(87/159)347
    8757-(87/176)
    SAF/ESAF, as amended by 9987-(92/48) SAF/ESAF325
    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, and 11114-(95/110)ESAF22
    8760-(87/176) as amended by 9989-(92/48) and 10531-(93/170)SAF329
    8780-(88/12)270
    8845-(88/61)ESAF as amended by 9988-(92/49)ESAF, and 10185-(93/132)ESAF 10533-(93/170)ESAF47
    8846-(88/61)ESAF48
    8856-(88/64) see 5392-(77/63)
    8861-(88/67), as amended by 8880-(88/84)272
    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)361
    8923-(88/110) G/TR see 8165-(85/189) G/TR
    8935-(88/118)SAF, see 8240-(86/56)SAF
    8937-(88/118)ESAF/S449
    8941-(88/122)SBS, see also 6683-(80/185)G/TR504
    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)160,472
    9028-(88/71), see 7599-(84/3) 7600-(84/3)
    9056-(89/2)ESAF49
    9101-(89/30), see 8955-(88/126)
    9114-(89/40)SAF/ESAF326
    9115-(89/40)ESAF, see 8759-(87/176)ESAF
    9116-(89/40)ESAF328
    9117-(89/40)SAF, see 8240-(86/56)SAF
    9118-(89/40)SAF, see 8238-(86/56)SAF
    9135-(89/46)276
    9153-(89/59) see 8955-(88/126)
    9189-(89/77)117
    9222-(89/97)SBS505
    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)152
    9391-(90/43) see 8955-(88/126)
    9403-(90/53)209
    9471-(90/98) as amended by 10341-(93/54)297
    9476-(90/101), see 7599-(84/3) and 7600-(84/3)
    9487-(90/106)SAF/ESAF as amended by 9776-(91/96) SAF/ESAF326
    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)SBS506
    9549-(90/146)G/S441
    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)506
    9790-(91/106)117
    9808-(91/114)SAF/ESAF327
    9809-(91/114) SAF327
    9862-(91/156)375
    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/ESAF327
    10090-(92/24) SAF328
    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)16
    10175-(92/129), see 1289-(62/1)
    10176-(92/129)347
    10181-(92/132)219
    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), see200
    also 4377-(74/114) and 8955-(88/126)
    10225-(92/147) S448
    10235-(92/149)363
    10273-(93/15), see also 6026-(79/13)15
    10278-(93/19) S243
    10279-(93/19)240
    10286-(93/23) ESAF331
    10287-(93/23) ESAF see 8759-(87/176)
    10305-(93/32)436
    10337-(93/49) G/TR see 8165-(85/189) G/TR
    10340-(93/54), as amended by 10549-(94/1)279
    10341-(93/54), see 9471-(90/98)
    10348-(93/61) STF as amended by 10760-(94/71) STF and 10855-(94/109) STF210,475
    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)53
    10391-(93/86), as amended by 10552-(94/1) and 10554-(94/1)282
    10398-(93/89), see 8955-(88/126)
    10464-(93/130)118
    10500-(93/148)219
    10515-(93/162)ESAF see 8759-(87/176) ESAF
    10530-(93/179)ESAF see also 8759-(89/176) ESAF39
    10531-(93/170)SAF see also 8760-(87/176)330
    10532-(93/170)ESAF, see 8759-(87/176) ESAF
    10533-(93/170) ESAF, see 8845-(88/61)ESAF
    10534-(93/170)ESAF49
    10535-(93/170)SAF39,313
    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)629
    10597-(94/14)ESAF40
    10598-(94/14)SAF313
    10660-(94/38)283
    10662-94/38)299
    10704-(94/52285
    10705-(94/52)286
    10706-(94/52)287
    10723-(94-58)118
    10725-(94/58), see 8955-(88/126)
    10749-(94/67)381
    10760-(94/71) STF see 10348-(93/61) STF
    10819-(94/95)220
    10850-(94/107)286
    10855-(94/109) STF see 10348-(93/61) STF
    10873-(95/1)313
    10886-(95/2)16
    10904-(95/13)242
    10942-(95/33)60
    10949-(95/37)16
    10950-(95/37)9
    10957-(95/40)290
    10958-(95/40)290
    10961-(95/41)214
    10962-(95/41)293
    10968-(95/43)426
    10989-(95/53) SAF313
    11027-(95/65) ESAF48
    11073-(95/92) G/S441
    11096-(95/100)103
    11098-(95/101)220
    11162-(95/121)60
    11178-(96/1) ESAF333
    11192-(96/2)418
    11248-(96/38)105
    11249-(96/39)294
    11251-(96/39)296
    11286-(96/59)573

    LIST OF BOARD OF GOVERNORS’ RESOLUTIONS

    NumberPage
    IM-6510
    6-8511
    24-12584
    29-1447
    29-7512,513
    29-8512,513
    29-9512,517
    29-10512,522
    31-2532
    34-2539
    34-3592
    38-1549
    43-1555
    44-1558
    44-5561
    45-1564
    45-2572
    48-2513
    48-3579
    48-4517
    50-1582

    Corresponds to ARTICLE XV, SECTION 2 before the Second Amendment.

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