Back Matter

Author(s):
International Monetary Fund
Published Date:
July 2012
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    Index

    A

    • Access policy, use of Fund resources

      • access guidelines and limits in credit tranches and under Extended Fund Facility, 456

      • balance of payments needs, 447

      • capital account crises, 461

      • capital account crises, modifications to Supplemental Reserve Facility, 467

      • capital account crises, prevention, 475

      • exceptional circumstances, 462, 473

      • exceptional circumstances, review, 472–75

      • Flexible Credit Line, 345

      • modifications to Supplemental Reserve Facility, 467–71

      • post-conflict countries, 436

      • Rapid Credit Facility, 204

      • Rapid Financing Instrument, 424

      • review, 467–71

      • revolving character of Fund resources, 434, 459

    • Accounting by members

      • ownership of gold and currency subscriptions, 19

    • Administrative Account

      • balances, 855

      • reserve tranche position, 855

    • Africa Regional Technical Assistance Centers Subaccount, 178

    • African Development Bank

      • communication concerning members’ arrears to the Fund, 834

      • exchange of document, 742

      • prescribed holder of SDRs, 799

    • African Development Fund, 799

    • Andean Reserve Fund

      • prescribed holder of SDRs, 798

    • Annual Report (IMF), 273, 319

    • Anti-money laundering

      • assessing a global standard and preparing ROSCs, proposals, 158–63

      • effectiveness, review of program (2011), 168

      • FSAP framework, 169

      • Fund involvement, 154

      • methodology document, 159

      • offshore financial center assessments, 151, 158

      • twelve-month pilot, program review, 163–73

    • Arab Monetary Fund

      • exchange of documents with, 742

      • prescribed holder of SDRs, 799

    • Archives policy

      • access by outside persons, 692

    • Arrears

      • lending into arrears, 448, 450–54

      • settlement of disputes between members, 117, 455–56

    • Arrears of a member to creditors other than the Fund

      • debt strategy, 448

      • extended arrangements, performance criterion, 401

      • first credit tranche, 446

      • Fund lending into nonsovereign arrears, 449

      • Fund lending into sovereign arrears, 449

      • Fund policies and procedures, 447

      • nontoleration of arrears to official creditors, 448

      • performance criteria, 449

      • stand-by arrangement, performance criterion, 401

    • Arrears to the Fund. See Overdue financial obligations to the Fund

    • Article I, purposes of the Fund, 334, 586, 591

    • Article I (v), temporary availability of Fund’s general resources, 394

    • Article II, Section 2 membership, 20

    • Article III, Section 2, adjustment of quotas, 3

    • Article IV consultations, 109, 110

      • annual, principle of, 65

      • Article VIII restrictions, 594

      • Article XIV restrictions, 594

      • Central African Economic and Monetary Union, 93

      • collaborative efforts, 719

      • conditionality discussions, 342

      • consultation cycles, 71

      • data provision, 74

      • document exchange with WTO, 734

      • early warning system models, 66

      • Eastern Caribbean Currency Union, 95

      • enhanced surveillance, 118–21

      • euro area, 79–92, 92

      • European Central Bank, observer status, 731–32

      • evaluation and review of related programs, 342–43

      • Financial Sector Assessment Program (FSAP), 121–27

      • governance issues, 98, 103, 105

      • integration of stability assessments, 134

      • lapse of time procedures, 79

      • military expenditures, 109

      • multiple currency practices, 598

      • Post-Program Monitoring, 373

      • procedural deadlines for completion, 422

      • prolonged users of Fund resources, 374

      • Public Information Notices, release, 785–87

      • Recent Economic Development reports, 65, 739, 743

      • stability assessments under FSAP, integration of, 134

      • staff reports, release to international and multilateral agencies, 739–42

      • surveillance priorities, 2008-2011, 48

      • three-month period, 78

      • use of Fund resources, 342

      • World Bank, collaboration with, 723

      • World Bank, observer status, 717

      • World Trade Organization, observer status, 738, 934

    • Article IV, Section 1, principles for guidance of members’ policies, 38

    • Article IV, Section 1(i), surveillance, 134

    • Article IV, Section 1(ii), surveillance, 134

    • Article IV, Section 1(iii), 25, 26

    • Article IV, Section 1(iii), manipulation of exchange rates, 42

    • Article IV, Section 2, notification of exchange arrangements, 23

    • Article IV, Section 3(a), surveillance over exchange rate policies, 25

    • Article IV, Section 3(b), surveillance over exchange rate policies consultation cycles, 71

    • Article V, Section 1, designation of fiscal agency, 547

    • Article V, Section 2(b), 761

    • Article V, Section 2(b), financial and technical services, 173, 298, 314, 321

    • Article V, Section 3, conditions governing use of Fund’s general resources

      • application of Fund policies to purchases of currency borrowed by Fund, 491, 544

      • early repurchase guidelines, 491

      • meaning of “consistent with the provisions of this agreement,” under Article V, Section 3, 334

    • Article V, Section 3(b)(ii)

      • balance of payments need, 253

      • meaning of “represents” that a member has a need to make purchases, 335

    • Article V, Section 3(b)(iii), waiver of limitation of 200 percent of quota

      • Extended Fund Facility, 395

    • Article V, Section 3(d), operational budgets

      • assessment of strength of members’ balance of payments and gross reserve position for operational budgets, 480, 485

      • selection of currencies in purchases, 482

    • Article V, Section 3(f), transfers of SDRs, 481

    • Article V, Section 5, limitation on use of Fund’s resources, 352

    • Article V, Section 6(b), transfers of SDRs by the Fund, 485

    • Article V, Section 6(c), sales of SDRs by the Fund, 490

    • Article V, Section 7(b), early repurchases

      • assessment of strength of member’s balance of payments and gross reserve position, 480

      • assessment of strength of members’ balance of payments and gross reserve position, 491

    • Article V, Section 7(c), repurchases, 493

    • Article V, Section 7(i), selection of currencies for repurchases, 485, 494

    • Article V, Section 8, charges, 497

    • Article V, Section 8(a), charges, 501, 503

    • Article V, Section 8(b), charges, 493, 501, 503, 855

    • Article V, Section 8(c), charges, 497, 500, 503

    • Article V, Section 8(d), charges, 497

    • Article V, Section 8(e), charges, 497

    • Article V, Section 9(a), remuneration, 855

    • Article V, Section 11, maintenance of value, 514

    • Article V, Section 12(f)(ii), Special Disbursement Account (SDA) resources for assistance to low-income developing members, 516

    • Article V, Section 12(f), other operations and transactions gold sales, 535, 859

    • Article V, Section 12(h), investment of member’s currency held in SDA, 516

    • Article V, Section 12(j), adoption of regulations for administration of Structural Adjustment Facility, 516

    • Article VI, capital transfers

      • use of Fund resources for, 538

      • WTO, information on Fund decisions requesting a member to exercise controls to prevent a large or sustained outflow of capital, 928

    • Article VI, Section 1, use of Fund’s resources for capital transfers

      • freedom to adopt regulations on capital movements, 539

    • Article VI, Section 2 of the Articles of Agreement of the Bank, 881

    • Article VI, Section 3, controls on capital transfers, 539

    • Article VII, Section 1, replenishment and scarce resources

      • borrowing by the Fund, 540

    • Article VII, Section 3(b), scarce currency, 585

    • Article VIII, general obligations of members

      • acceptance of obligations, 593

      • bilateral payments agreements, 407

      • bilateral payments arrangements, 402

      • bilateralism, 586

      • consultations, World Bank observer, 717

      • payments restrictions, 115, 586, 590–92

      • restrictions, 593

      • retention quotas, 589

      • settlement of disputes between members, 115

    • Article VIII, Section 2, avoidance of restrictions on current payments

      • acceptance of obligations under, 591

    • Article VIII, Section 2(a)

      • restrictions on current payments and transfers, 585

      • undue delays as payment restrictions, 593

    • Article VIII, Section 2(b), unenforceability of exchange contracts

      • interpretation, 583–84

    • Article VIII, Section 3, avoidance of discriminatory currency practices

      • acceptance of obligations under, 588, 591

      • multiple currency practices, 591, 599, 600

    • Article VIII, Section 4, convertibility of foreign-held balances

      • acceptance of obligations under, 593

    • Article VIII, Section 5, furnishing of information to the Fund

      • consideration of report by Managing Director, time periods, 610

      • declaration of censure, 612

      • handling of potential breaches, 617

      • members’ obligations, 608

      • procedures prior to report by the Managing Director to the Executive Directors, 609

      • report by Managing Director, 610

      • review, 2008, 616

      • sanctions, 612

      • strengthening effectiveness of, 75, 608

    • Article IX, Section 5, immunity of archives, 692

    • Article IX, Section 7, privilege for communications, interpretation, 697

    • Article X, relations with other international organizations, 897

    • Article XII, Section 3(b), proposed amendment, 14

    • Article XII, Section 3(b)(i), Executive Directors, appointed, interpretation, 745

    • Article XII, Section 3(b)(i), voting by Executive Directors, 18

    • Article XII, Section 3(c), election of Executive Directors, 18

    • Article XII, Section 3(c), proposed amendment, 14

    • Article XII, Section 3(d), proposed amendment, 15

    • Article XII, Section 3(f), appointed Executive Directors

      • Alternate Executive Directors, additional, 11

      • interpretation, 745

    • Article XII, Section 3(f), proposed amendment, 15

    • Article XII, Section 3(i), 15

    • Article XII, Section 3(i)(ii), voting by Executive Directors, 18

    • Article XII, Section 3(j), 699

    • Article XII, Section 3(j), proposed amendment, 16

    • Article XII, Section 4, Managing Director and staff, 754

    • Article XII, Section 6(d)

      • partial distribution of windfall gold sale profits, 761

    • Article XII, Section 6(f), 759

    • Article XII, Section 6(f)(ii), 759

    • Article XII, Section 6(f)(ix), 761

    • Article XII, Section 6(f)(vi), 761

    • Article XII, Section 6, reserves, distribution of net income, and investment, 755

    • Article XII, Section 7, publication of reports, 765

    • Article XII, Section 7(a), 787, 901

    • Article XII, Section 8, proposed amendment, 16

    • Article XIII, Section 2, 579

    • Article XIV, exchange restrictions under transitional arrangements

      • availment of transitional provisions, 591

      • bilateralism, 586

      • commitment to current account convertibility, 593

      • consultations, World Bank, 717

      • multiple currency practices, 589

      • retention quotas, 588

      • settlement of disputes between members, 115

    • Article XIV, Section 2, exchange restrictions

      • maintenance of orderly exchange arrangements, 600

      • multiple currency practices, 599–603

      • restrictions related to national security, 585

      • transitional arrangements, 584, 587

      • undue delays as payments restrictions, 593

    • Article XIV, Section 3, representation by the Fund

      • application, 600

      • meaning of “exceptional circumstances” in Article XIV, Section 3, 789

    • Article XVII, Section 3, 761

    • Article XVII, Section 3, other holders of SDRs, 320, 795

    • Article XVIII, 803

    • Article XVIII, Section 1(a), principles and considerations governing SDR allocation and cancellation, 804

    • Article XVIII, Section 4(c)

      • allocation and cancellation of SDRs, 805

    • Article XIX, Section 2(c), SDR operations and transactions between participants

      • donations, 816

      • forward operations, 815

      • loans, 808

      • other holders, 795

      • pledges, 810–12

      • settlement of financial obligation, 807

      • swap operations, 814

      • transfers as secruity for the performance of financial obligations, 812

    • Article XIX, Section 4, limit on SDR Department participant’s obligation to provide currency, 544

    • Article XIX, Section 5, designation of participants to provide currency, 818

    • Article XIX, Section 5(a)(i), designation plans, 480, 821

    • Article XIX, Section 5(c), designation rules in SDR Department, 821

    • Article XIX, Section 6(b), reconstitution, 823

    • Article XIX, Section 7(a), calculation of exchange rates, 546, 807, 808, 810, 812, 814

    • Article XX, Section 1, interest paid on holding of SDRs, 795

    • Article XX, Section 2, SDR Department interest and charges, 824

    • Article XX, Section 4, assessments, 826

    • Article XX, Section 5, application against unpaid charges of SDRs acquired by participants after payment date, 825

    • Article XXI(a)(ii), proposed amendment, 16

    • Article XXIII, Section 1, suspension of operations and transactions in SDRs, 797

    • Article XXIV, Sections 1(a) and 1(b), 803

    • Article XXIV, Section 4, 803

    • Article XXVI, Section 2(b), 876, 881

    • Article XXVI, Section 3, withdrawal from membership, 548

    • Article XXIX, interpretation

      • New Arrangements to Borrow, interpretation outside the purview of Article XXIV, 549

      • unenforceability of exchange contracts, 541

    • Article XXIX(a), interpretation

      • Appointment of Executive Director by a member having one of five largest quotas, Article XII, Sections 3(b)(i) and 3(f), 745

      • authority of the Fund to use its resources, 334, 871

      • privilege for communications, Article IX, Section 7, 697

      • unenforceability of exchange contracts under Article VIII, Section 2(b), 583

    • Article XXIX(a), proposed amendment, 17

    • Article XXX(c), definition of reserve tranche purchase

      • exclusion of purchases and holdings from EFF, 855

    • Article XXX(c)(iii), exclusion of purchases and holdings in credit tranches or under extended arrangements, 855

    • Article XXX(f), freely usable currencies, 790, 856

    • Article XXXI, Section 1, entry into force of Articles of Agreement, 3

    • Articles of Agreement

      • amendment, Resolution 66-2, 7

      • voice and participation, amendment to enhance, 6

    • Asian Development Bank

      • communications concerning members’ arrears to the Fund, 834

      • exchange of documents with, 740

      • prescribed holder of SDRs, 799

    • Assessment under Article XX, Section 4, 826

    • Attribution, rule of

      • members indebted to Fund, 486

      • reduction in Fund’s holdings of currency, 495–96

    • Audit

      • external audit firm, 787

      • framework Administered Account, 176

      • Post-SCA-2 Administered Account, 321

      • PRGF-HIPC Trust, 271, 280

      • safeguards for use of Fund resources, 335

      • Supplementary Financing Facility Subsidy Account, 859

    • Authorized signatories, 754

    B

    • Balance of payments need

      • access policy, 458

      • conditionality, 335

      • emergency assistance, post-conflict countries, 435

      • extended arrangements, 409

      • Extended Fund Facility, 408

      • Fund-supported programs, 337

      • lenders to ESAF Trust, need because of developments in reserves, 242, 270

      • Precautionary and Liquidity Line, 427

      • protracted balance of payments problems, 518

      • Rapid Financing Instrument, 423

    • Bank for International Settlements (BIS)

      • cross-border capital flows, surveillance of, 55

      • investment by Fund of currencies held by Borrowed Resources Suspense Accounts, 580

      • investment by Fund of currencies received by SFF Subsidy Account, 867

      • prescribed holder of SDRs, 798

    • Bank of Central African States

      • prescribed holder of SDRs, 799

    • Bank-Fund collaboration. See also World Bank (International Bank for Reconstruction and Development)

      • conditionality, 723–28

      • country programs, 724

      • debt sustainability assessments, 730

      • Financial Sector Assessment Program, 123

      • financial systems, 724

      • IMF-World Bank Concordat, 705–17

      • longer-term program engagement, 377

      • observer status, generally, 717

      • World Bank observer status, 718

    • Bilateral payments arrangements

      • extended arrangement, 407

      • stand-by arrangement, 403

      • three-month settlement rule, temporary exemption, 587

    • Bilateralism and convertibility, 586–87

    • BIS. See Bank for International Settlements

    • Blackout periods

      • reduction in GRA arrangements, 397

    • Board of Governors Resolutions

      • Composite Resolution, 873

      • quota and voice reform, 3

      • SDR allocation, First Basic Period, 803–4

      • SDR allocation, Ninth Basic Period, 805

      • SDR allocation, Third Basic Period, 804

    • Borrowed Resources Suspense Accounts

      • establishment, 579

      • investment by the Fund of currencies held in, 579–80

    • Borrowing by the Fund. See also General Arrangements to Borrow (GAB); New Arrangements to Borrow (NAB)

      • guidelines, 580

      • Note Purchase Agreement, 582

    • Burden sharing

      • implementation in FY 2000, 504

      • implementation in FY 2001, 506

      • implementation in FY 2007, 509

      • principles of, 506

      • rate of charge, determination of, 507

    • By-Laws

      • Section 13, vote without meeting, 3

      • Section 20, audits, 176, 268, 273, 305, 312, 318, 322, 787, 866, 912

      • Section 22, compulsory withdrawal, 836, 839, 840

    C

    • Capital account crises

      • access policy, 461

      • exceptional access policy, 2004 review, 472

      • exceptional access policy, SRF, 467

    • Capital flows

      • action to limit disequilibrium flows, Composite Resolution, 887

      • Fund’s role in cross-border flows, 54

      • multilateral aspects of policies, 59

      • possible policy framework, 56

      • WTO, information on Fund decisions requesting a member to exercise capital controls, 933

    • Capital transfers

      • controls by members, 539

      • multiple currency practices applicable solely to, 597

      • payments arrears, 437

      • use of Fund’s resources for, 598

    • Caribbean Development Bank (CDB), 742

    • Censure

      • draft declaration, 836

    • Central African Economic and Monetary Union

      • surveillance over monetary and exchange rate policies, 93

    • CFF. See Compensatory Financing Facility

    • Charges

      • accounting for charges from members with overdue obligations, 497

      • administrative account balances, 855

      • extended arrangements, 403

      • Extended Fund Facility, 396

      • future changes in charges, 497

      • media of payment in General Resources Account, 499

      • payment by nonparticipant in the SDR Department, 499

      • payment of net charges and assessment in the SDR Department for FY ended April 30, 1982, 824

      • rate of charge for use of Fund resources, FY 2011, 512

      • rate of charge for use of Fund resources, FY 2012, 511

      • setoff in connection with a retroactive reduction of charges due by members in arrears, 503

      • special charges on overdue financial obligations to the Fund, 500–501, 502

      • stand-by arrangements, 403

      • surcharge on purchases in credit tranches and under EFF, 497

      • value date for payments of special charges, 502

      • waiver of special charges, 501

    • Code of Good Practices on Transparency in Monetary and Financial Policies, 358

    • Collateral, 649

      • collateral guarantees on debt, international reserves template, 649

    • Combating the financing of terrorism, 151, 158–60, 160–63

    • Committee on Reform of the International Monetary System Composite Resolution, 873–84

    • Communications, privilege for interpretation of Article IX, Section 7, 697

    • Compensatory Financing Facility

      • indicative targets, 339, 340, 341

      • repeal, 347

      • repurchase expectation, 491

      • repurchases, 491

    • Compulsory withdrawal, 838, 840, 841, 846

    • Concessional financing

      • eligibility to use Fund’s facilities, 529

      • use of Fund’s facilities, 529

    • Conditionality

      • Bank-Fund collaboration, 724

      • benchmarks, 339, 340, 341

      • consistency with WTO agreements, 735, 736

      • consultation clauses, 339

      • emergency assistance, natural disasters, 433–35

      • emergency assistance, post-conflict countries, 436

      • emergency financing mechanism, 368

      • financing assurance reviews, 340

      • first credit tranche, 379

      • floating tranches, 342

      • guidelines on, 335

      • individual circumstances of members, 336

      • letters of intent, 339

      • modalities, 338

      • outcomes-based, 338

      • ownership, 336, 362, 724–28

      • performance criteria, 340

      • performance criteria and phasing, relationship, 384

      • performance criteria on external debt, guidelines, 386

      • performance criteria with respect to foreign borrowing, 392

      • PRGF-ESF arrangements, 381

      • principles, 335

      • prior actions, 339, 350, 354, 382

      • program design, 336

      • program review, 340–43

      • stand-by arrangement, normal access to credit tranches, 379

      • streamlining, 380, 382

      • structural benchmarks, 339–43

      • structural performance criteria inapplicable, 343

      • upper credit tranche stand-by arrangements, 459

      • waiver, adopting measures prior to granting of, 339

      • waiver, nonobservance of performance criteria, 341

    • Confidentiality

      • exchange of documents with other international agencies, 741

      • FSAP Confidentiality Protocol, 144–47

      • side letters, 343–50

    • Consultation clause

      • extended arrangements, 408

      • stand-by arrangements, 404

    • Consultation cycles, Article IV. See alsoArticle IV consultations

      • annual in principle, 65

      • FCL or PLL arrangement, effect of, 73

      • flexibility in, 65

      • interval between Article IV consultations, 65

    • Consultations other than under Article IV

      • acceptance of obligations of Article VIII, Sections 2, 3, and 4, 591

      • Article VIII restrictions, 585, 586, 717

      • Article XIV restrictions, 586, 589, 717

      • bilateral agreements, 586

      • competitive depreciation, 595

      • conditionality, consultation clauses, 339

      • GATT Contracting Parties, 702

      • multiple currency practices, 589

      • prescribed holders of SDRs, 796

      • PRGF-ESF, consultation with creditors, 246

      • sale of members’ currencies, 481

      • trade and payments restrictions, escalation, 595

      • United Nations, 899, 901

      • World Trade Organization, 734–37

    • Contingent Credit Lines (CCLs)

      • extended arrangements and, 404

    • Convertibility

      • acceptance of obligations of Article VIII, Sections 2, 3, and 4, 590

      • bilateralism, 586

      • currency, 588, 590

      • current account of the balance of payments, 590, 592

      • retention quotas, 587

    • Cross-border capital flows

      • surveillance, 54

    • Cross-conditionality

      • avoidance, 715

    • Currencies

      • attribution of reduction of Fund’s holdings, 495–96

      • charges on Fund’s holdings in excess of quota, 497

      • freely usable, 316, 790, 797, 856, 865

      • General Resources Account, 480–81, 485, 499, 513–15

      • guidelines for operational budget allocation of currencies, review, 483

      • maintenance of value, 513–15

      • presently needed for making payments, 335

      • repurchases, 492

      • reserve asset payments, 19, 21

      • sale of currencies of members with outstanding purchases, 481, 483

      • SDR valuation basket, 790–94

      • subscription to the Fund, ownership, 19

      • use in operational budgets, 480–81

    • Current international transactions (current account transactions)

      • bilateralism, 586

      • multiple currency practices, 597–600

      • payments arrears, 448

      • restrictions involving WTO members, 737, 933

      • restrictions on payments and transfers, 586, 590

      • undue delays in availability or use of foreign exchange, 593

      • use of Fund resources, 335

    D

    • Data Dissemination Standard. See Special Data Dissemination Standard (SDDS) and General Data Dissemination System (GDDS)

    • Data Dissemination Standards Bulletin Board

      • General Data Dissemination System (GDDS), 688

      • Special Data Dissemination Standards (SDDS), 630

    • Data provision to the Fund for surveillance, 74

      • review, 2008, 616

    • Data Standards Initiative

      • review (2012), 689

      • SDDS Plus tier, 689

    • Debt limits

      • performance criteria in Fund arrangements, 386

    • Debt operations

      • condition precedent clauses, 455

      • management of the debt situation, 454

      • mandatory prepayment, 455

      • stand-by arrangements and, 407

    • Debt-service ratio, 286

    • Debt strategy

      • payments of arrears to creditors, 446, 448, 593

    • Debt sustainability assessments, 728–31

      • Fund-Bank collaboration, 728

    • Debt sustainability framework

      • low-income countries, 238

    • Declaration of censure, 835

      • draft declaration, 839

    • Declaration of ineligibility, 834–35, 839, 841

      • publicity, 783, 850

      • termination, 850

      • timing, 845

    • Declaration of noncooperation, 835, 842

      • draft declaration, 839

      • publicity upon withdrawal, 851

      • termination, 850

      • timing, 845

    • De-escalation of remedial measures, 851–54

    • Default, sovereign, 369, 448

    • Designation, SDR Department

      • acceptance limit, 820

      • assessment of strength of balance of payments and governance position, 480–81

      • rules for designation, review, 818–21

      • rules for designation, revision, 821–22

    • Development Committee (Joint Ministerial Committee on the Transfer of Real Resources to Developing Countries)

      • changes in the organization of work and structure of the Secretariat function, 892

      • establishment and composition, 880

      • Executive Directors’ participation in meetings, 882

      • HIPC Initiative, 274, 281

      • Managing Director’s participation in meetings, 882

      • procedures, 883–84

      • rules of procedure, 891

      • WTO observer, 738

    • Discrimination

      • balance of payments reasons, 589

      • disputes between members, comparable treatment of creditors, 116, 448

      • multiple currency practices, 603

      • nondiscriminatory treatment of members, use of general resources, 336–37

    • Disputes between members

      • comparable treatment principle, 116

      • role of the Fund, 118, 455

    • Document exchange. See Exchange of documents with other international agencies

    E

    • Early repurchases

      • emergency financing mechanism, 383

      • guidelines, 491–93

      • member’s balance of payments and gross reserve position, 491

    • Early warning system models, 66

    • Easing work pressures

      • omnibus paper, 417

    • East African Development Bank

      • prescribed holder of SDRs, 799

    • East Caribbean Currency Authority

      • prescribed holder of SDRs, 799

    • Eastern Caribbean Central Bank

      • prescribed holder of SDRs, 799

    • Eastern Caribbean Currency Union

      • surveillance over monetary and exchange rate policies, 95

    • EC. See European Commission

    • ECB. See European Central Bank

    • EFF. See Extended Fund Facility

    • EFM. See Emergency financing mechanism

    • Emergency assistance

      • natural disasters, 433

      • post-conflict countries, 260, 438–42

      • PRGF-HIPC Trust qualification, 260–62

      • repeal and replacement by Rapid Financing Instrument, 425

      • repurchase, 492

    • Emergency financing mechanism (EFM), 368–72

      • conditions for activation, 371

      • early repurchase, 372

    • Enhanced Structural Adjustment Facility (ESAF) Trust (transformed into Poverty Reduction and Growth Facility (PRGF) Trust). See also PRGF-ESF Trust

      • access limits, 251

      • benchmarks, 250

      • blend of general and SAF/ESAF resources, 849

      • borrowing for Loan Account, consultation with creditors, 246

      • commitment amount not normally reduced, 251

      • commitment period, 247

      • eligible members, 523

      • emergency assistance, relation to, 436

      • establishment, 246–47, 525–32

      • gold pledge, 846, 849

      • gold, use of, 249

      • legal documentation, 252–53

      • loans in conjunction with existing facility, 248

      • loans in conjunction with SAF loans, 521

      • loans to Trust as member’s official reserves, 252

      • maturity of loans, 248

      • objectives of programs, 250

      • operational agreements, 246–52

      • overdue financial obligations to Fund, 830

      • performance criteria, 245, 250

      • phasing of disbursements, 252

      • prior actions, 244, 250

      • rescheduling not available, 249

      • review, 250

      • review of arrangements, mid-year, 248, 250

      • rights accumulation program, 848

      • Special Disbursement Account, 248

      • Structural Adjustment Facility, assistance in conjunction with, 521–22, 534

      • Subsidy account, 248

      • transfer and retransfer of resources from and to Special Disbursement Account, 532–34

      • transformation to PRGF Trust, 242–44

      • use of SDRs, 801

    • Enhanced surveillance

      • annual and mid-year consultation reports, 112–13

      • Article IV consultations, 113, 114

      • Article VIII obligations, 593

      • criteria and procedures, 119–20

      • Executive Board involvement, 121

      • Fund’s role in assisting members with creditors, 118–20

      • midterm review, 112–13

      • quantified economic policy programs, 114

      • revised procedures, 113–14

      • staff reports, transmittal by member to creditors, 113–14, 120

    • Enlarged access

      • criteria for use of Fund resources, validity, 458–61

      • repurchases, 459

    • ESAF Trust. See Enhanced Structural Adjustment Facility Trust

    • ESAF-HIPC Trust. See Trust for Special ESAF Operations for the Heavily Indebted Poor Countries and Interim ESAF Subsidy Operations

    • ESF Trust. See Exogenous Shocks Facility Trust

    • Euro

      • freely usable currency, 856

      • rates for computation and maintenance of value, 513

      • reference rates, European System of Central Banks, 794

      • weight in SDR valuation basket, 792

    • Euro area members

      • surveillance over monetary and exchange rate policies, 92, 731–33

    • European Bank for Reconstruction and Development (EBRD)

      • exchange of documents with, 742, 743

    • European Central Bank (ECB)

      • euro reference rates, 794

      • observer status, 731–32

    • European Commission (EC)

      • Article IV consultations, 92–93

      • exchange of documents with, 742, 743

    • European Investment Bank (EIB)

      • exchange of documents with, 742

    • European System of Central Banks, 794

    • Exceptional access policy, 462

    • Exchange arrangements. See also Exchange rates; Multiple currency practices

      • exchange taxes and subsidies, notification, 24

      • flexible, notification of significant decision, 23

      • intervention, 24

      • multiple currency practices, prior Fund approval, 24

      • notification of, 23

    • Exchange contracts

    • Exchange controls. See also Exchange restrictions

      • nonsovereign arrears stemming from imposition, 449

    • Exchange of documents with other international agencies

      • ad hoc requests, 743

      • agencies meeting criteria for exchange, 742

      • Article IV consultation staff reports, 738, 743

      • changes in procedures, 743

      • criteria for access, 741–42

      • Recent Economic Developments reports, 739, 743

      • technical assistance reports, 740

      • use of Fund resources staff papers, 739–40, 743

    • Exchange rate policies. See also Exchange arrangements

      • euro area, 731–32

      • surveillance over, 24–43, 61

    • Exchange rates. See also Exchange arrangements; Exchange rate policies; Multiple currency practices

      • coherence in global policymaking, 734

      • computations and maintenance of value, 513–15

      • computations and maintenance of value (value date), 513

      • fixed, 598

      • floating guidelines, 886

      • fluctuating, 23, 598–99

      • General Arrangements to Borrow, 546

      • manipulation, 42

      • New Arrangements to Borrow, 547

      • unification in multiple rate systems, 603

    • Exchange restrictions. See also Capital transfers; Multiple currency practices

      • approval by Fund, 594

      • Article VIII, Section 2, 3, and 4 obligations, 591–92

      • avoidance of escalation, 595

      • balance of payments reasons, 592

      • bilateralism, 586–87

      • competitive depreciation, 595

      • consultations with Fund, 591–92, 595

      • discrimination for balance of payments reasons, 590

      • emergency assistance, 434–35

      • Fund representation in exceptional circumstances under Article XIV, Section 3, 601, 789

      • guiding principle on whether a measure is an exchange restriction, 591

      • non-balance of payments reasons, 592

      • performance criteria, extended arrangement, 406

      • performance criteria, stand-by arrangement, 401

      • retention quotas, 587–89

      • security reasons, 585–87

      • transitional arrangements under Article XIV, 588–89, 591

      • undue delays, 539, 593

      • World Trade Organization, information on Fund approval, 933

    • Exchange subsidies, 24

    • Exchange taxes, 24, 598, 602

    • Executive Board

      • Alternate Executive Directors, additional, 11

      • code of conduct, 746–52

      • meetings, procedural guidelines, 752–53

      • minimum circulation period for documents, 111

      • notification of exchange arrangements, 23

      • reform of, Resolution 66-2, 7

      • report on Eleventh General Review of Quotas, 3, 347–50

      • side letters procedures, 347

      • surveillance over exchange rates, 33, 61

    • Executive Directors

      • additional appointed, “the preceding two years,” in Article XII, Section 3(c), meaning of, 746

      • appointment by members having five largest quotas, Article XII, 745

      • appointment of two additional directors, Article XII, Section 3(c), 745–46

      • IMFC meetings participation, 875

      • procedural guidelines, 752–53

      • voting power, effect of adjustment of quota, 746

    • Exogenous Shocks Facility

      • assistance under, 233

    • Exogenous Shocks Facility (ESF) Trust. See Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility (ESF) Trust

    • Export shortfalls, compensatory financing. See Compensatory Financing Facility

    • Extended arrangements. See also Access policy, use of Fund resources; Extended Fund Facility; Use of Fund resources

      • applicable situations, 393–94

      • blackout periods, reduction of, 397

      • charges, 396, 403

      • Consultation clauses, 404

      • emergency assistance and, 436–37

      • form, standard, 404–7

      • Guidelines on Corrective Action, 362, 407

      • ineligiblity, 827

      • lapse of time completion of reviews, 409

      • misreporting and noncomplying purchases, 351, 355, 356

      • overdue financial obligations to the Fund, 827–28, 827–28

      • performance criteria form, 405–6

      • period not exceeding three years to four years, 395–96

      • period of arrangement, extension, 395

      • phasing, 396, 404–5

      • repurchase expectation, 396, 408

      • repurchases, 396, 408

      • stand-by arrangements policies applicable, 396

      • structural performance criteria not applicable, 343

      • suspension of transactions, 407

    • Extended Credit Facility

      • interest rate, 234

    • Extended Fund Facility (EFF). See also Extended arrangements

      • applicability of policies on stand-by arrangements, 396

      • establishment, 393–99

      • situations to which facility could apply, 394

    • External Audit Committee, 788

    • External audit of Fund financial statements, 787–88

    • External debt

      • management of debt situation, 455–56

    • External debt performance criteria

      • concessionality, definition, 392

      • extended arrangement, 405

      • guidelines, 386

      • stand-by arrangement, 401

    F

    • FATF. See Financial Action Task Force

    • Federal Reserve Bank of New York, 794

    • Financial Action Task Force

      • Fund collaboration with, 169

    • Financial Action Task Force (FATF), 158–63

      • 40+8 Recommendations, 159

      • endorsement of methodology, 163

      • Fund collaboration with, 165

      • surveillance, 124

    • Financial crisis 2007-08

      • stock-taking of Fund response, 82

    • Financial Sector Assessment Program (FSAP)

      • anti-money laundering, 128, 151

      • Article IV consultations, 122, 124, 126, 128, 130

      • Bank-Fund collaboration, 123, 127, 144

      • confidentiality, 125, 126

      • Confidentiality Protocol, 144–47

      • coverage, 128

      • coverage and frequency, 123–25

      • Financial System Stability Assessments (FSSAs), 122, 123, 130

      • frequency, 123, 129

      • FSSA reports, presumed publication, 130

      • Independent Evaluation Office review, 130

      • offshore financial centers (OFCs), 125, 151, 153, 154

      • publication of FSAP reports, 125

      • publication of FSAP reports not authorized, 126

      • publication of FSSA reports endorsed, 126

      • Reports on Observance of Standards and Codes (ROSCs), 123

      • review, 127

      • review, 2005, 127

      • stability assessments, integration of, 131

      • standards and codes, 122–23

      • stress tests, 122

      • surveillance, 122, 128, 129

      • updates, 128

      • World Bank, collaboration with, 122, 123

    • Financial Stability Board

      • cross-border capital flows, surveillance of, 55

      • membership of the Fund, 84

    • Financial Stability Forum, 82

      • terms of Fund membership, 87

    • First credit tranche purchase

      • elimination of payments arrears, 446

      • liberal Fund attitude, 380

      • reasonable efforts test, 380, 447

    • First credit tranche stand-by arrangements

      • phasing and performance clauses omitted, 379

    • Fiscal agency

      • safeguards on use of Fund resources when fiscal agent not central bank, 358

    • Flexible Credit Line

      • Article IV consultation cycle, 72

      • Emergency Financing Mechanism procedures not applicable, 412

      • establishment, 409

      • performance criteria not applicable, 410

      • phasing not applicable, 410

      • qualification criteria, 409

      • requirement to review 12-month arrangement after six months eliminated, 413

      • review (2011), 414

      • review no later than November 2014, 432

      • review of decision, 413

    • Foreign borrowing. See External debt

    • Forms

      • draft declaration on censure or noncooperation, 839

      • draft first letter to all Governors regarding a member’s overdue financial obligations to the Fund, 836–37

      • draft second letter to all Governors regarding a member’s overdue financial obligations to the Fund, 837–39

      • extended arrangement, 404–8

      • stand-by arrangement, 399–404

    • Fourteenth General Review of Quotas, 7

    • Fragile situations, countries in

      • unique challenges, 235

    • Framework Administered Account for Selected Fund Activities

      • instrument to establish, 179

    • Framework Administered Account for Technical Assistance Activities

      • adoption of Instrument to establish, 173

      • Africa Regional Technical Assistance Centers Subaccount, 178

      • Instrument to establish, 173–77

      • investment of resources, 175

      • Pacific Financial Technical Assistance Centre Subaccount, 177

    • Freely usable currencies (euro, Japanese yen, pound sterling, U.S. dollar), 316, 790, 797

    • FSAP. See Financial Sector Assessment Program

    • Fund-Bank collaboration. See also World Bank (International Bank for Reconstruction and Development)

      • attendance at Fund Board Meetings, 717, 750

      • Financial Sector Assessment Program, 127

    • Furnishing of information to the Fund, 351, 608–16

    G

    • G-20 mutual assessment process, 142

    • GAB. See General Arrangements to Borrow

    • GATT. See General Agreement on Tariffs and Trade

    • GDDS. See General Data Dissemination System

    • General Agreement on Tariffs and Trade (GATT). See also World Trade Organization (WTO)

      • arrangement for consultation and cooperation with the Contracting Parties, 702–6

      • Fund collaboration with, 733–40, 887

      • import restrictions for balance of payments reasons, 592

      • Voluntary Declaration on Trade and Other Current Account Measures, 887

    • General Arrangements to Borrow (GAB), 540–56

      • borrowing by the Fund, guidelines, 580

      • emergency financing mechanism, 368

      • interest, 520

      • letter from France’s Minister of Finance to U.S. Secretary of the Treasury, 552–54

      • participants and amounts of credit, 551

      • quotas, Eleventh General Review, 3

      • repayment by the Fund, 544–46

      • sales of currencies of members indebted to Fund, 486

      • transferability of claims, 547

      • use of credit arrangements for nonparticipants, 550

    • General Data Dissemination Standard

      • review (2012), 690

    • General Data Dissemination System (GDDS)

      • access by the public, 682

      • bulletin board on the internet, 688

      • coverage, periodicity, timeliness of data, 661

      • integrity, 683

      • periodicity, 673–89

      • phased approach, 658

      • purposes, 657, 659

      • quality, 685

    • General Reserve

      • placement of income from GRA in FY 2012, 760

    • General Resources Account

      • transfer of currencies to Investment Account, 759

    • General Resources Account (GRA)

      • adjustment of Fund holdings of members’ currency, 514

      • annual reimbursement of PRGF-ESF Trust expenses, 536

      • designation, assessment of strength of member’s balance of payments and gross reserve position, 480

      • gold held, sale, 535

      • maintenance of value, 514

      • media payment in, 500

      • misreporting and noncomplying purchases, 351–54

      • overdue charges, 501

      • rates for computation and maintenance of value, 513

      • repayment expectation under PRGF Trust, failure to meet, 242

      • repurchase expectation, failure to meet, 362

      • rights approach, 848

      • rules, applicability to PRGF Trust administration, 243

      • sale of currencies at the request of members with outstanding purchase, 483

      • sale of SDRs by the Fund for payment for increase in quota, 490

      • special charge on overdue charges, 501

      • specification of currencies by the Fund, 483–84

      • Subsidy Account, reimbursement of administrative expenses, 866

      • transfers of SDRs instead of currencies under Article V, Section 3(f), 481

    • Global Financial Stability Report (GFSR), 45

    • Gold

      • designation of SDRs, 819–20

      • gold pledge for use of ESAF Trust resources, 846–49, 849–50

      • gold pledge for use of PRGF-ESF Trust resources under rights approach, modalities, 535–36

      • harmonization of excess holdings of SDRs, 819–20

      • interim administered account for windfall gold sales profits, 761

      • ownership of gold and currency for subscriptions, 19

      • payment for repurchases, 494

      • profit from gold sales to Special Reserve and General Reserve, 760

    • Governance issues

      • Article IV consultations, 103, 106

      • coordination with bilateral donors and multilateral agencies, 107–9

      • corruption, 99, 102, 103

      • HIPC Initiative, 283

      • identification of problems, 106

      • macroeconomic impact test for Fund involvement, 99, 105, 107

      • policy advice, 98, 100

      • role of the Fund, 109–11, 109, 111, 657, 658

      • technical assistance, 98, 106

      • technical issues, 99, 100

      • transparency, 99, 103

      • use of Fund resources, 104–5

    • GRA. See General Resources Account

    • Gross reserve position

      • assessment for purposes of designation plans, operational budgets, and early repurchases, 483

    • Guidelines

      • access by members to Fund’s general resources, 456

      • allocation of currencies, operational budget, 483–84

      • conditionality, 335–43, 379

      • corrective action, 257, 351–54, 361

      • designation plans, 480

      • early repurchases, guidelines, 491–93, 496

      • emergency assistance, natural disasters, 432

      • emergency assistance, post-conflict, 438–42, 435–37

      • Fund staff collaboration with the WTO, 733–39

      • governance issues, 98–109

      • minimum circulation periods for Executive Board documents, 111

      • misreporting and noncomplying purchases, 351–54

      • operational budget, 480–81

      • payment of reserve assets for subscription, 19–22

      • performance criteria on external debt in Fund arrangements, 386

      • performance criteria with respect to foreign borrowing, discount rate for assessing concessionality, 392–93

      • SDR valuation basket, calculation of currency amounts, 790–92, 792–93

      • SDR valuation basket, conversion into euro of deutsche mark and French franc, 794

      • selection of currencies by the Fund, 483–84, 485–86

    H

    • Heavily Poor Countries (HIPC) Initiative

      • status of implementation (2011), 293

    • HIPC Initiative. See Trust for Special ESAF Operations for the Heavily Indebted Poor Countries and Interim ESAF Subsidy Operations (ESAF-HIPC Trust); Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

    I

    • IBRD. See World Bank

    • IMFC. See International Monetary and Financial Committee

    • Immunities and Privileges of Specialized Agencies, United Nations Convention, 904–21

    • Import restrictions for balance of payments reasons

      • extended arrangements, 407

      • GATT, 446

      • stand-by arrangements, 402

    • Income position

      • PRGT Reserve Account Transfer to Subsidy Account, 511

      • rate of charge for use of Fund resources, FY 2011, 512

    • Income Position. See Burden sharing

    • Ineligibility to use Fund resources

      • declaration of ineligibility, 612, 834, 838, 840–46, 850

      • extended arrangements, 407, 827

      • limitation and ineligibility under Article V, Section 5, 488

      • publicity, 850

      • stand-by arrangements, 402, 827

    • Inter-American Development Bank (IDB)

      • communication regarding members’ arrears to the Fund, 834

      • exchange of documents with, 742

    • Interest

      • means of payment under Trust Fund, 857

      • Poverty Reduction and Growth Trust, 207

      • PRGF-HIPC Trust, interest-free loans, 266

    • Interim Committee. See also International Monetary and Financial Committee

      • governance, 356

      • International Monetary and Financial Committee, transformation of Interim Committee into, 875–78

      • rules of procedures, 890

      • safeguards for use of Fund resources, 356

      • terms of reference, 877

    • International agencies, 740

    • International Bank for Reconstruction and Development (IBRD). See World Bank

    • International Court of Justice, 900, 916

    • International Development Association (IDA)

      • HIPC Initiative, 283, 284

      • prescribed holder of SDRs, 799

    • International Financial Statistics (IFS), 77

    • International Fund for Agricultural Development (IFAD)

      • prescribed holders of SDRs, 799

    • International Monetary and Financial Committee (IMFC, formerly Interim Committee)

      • Fourteenth General Review of Quotas, 7

      • participation of Executive Directors in meetings, 876

      • participation of Managing Director in meetings, 876

      • procedures, 877–78

      • terms of reference, 877

    • International organizations

      • transmittal of Fund documents, 740

    • Interpretation

      • Article VI, use of Fund resources for capital transfers, 334

      • Article VIII, Section 2(b), unenforceability of exchange contracts, 583–84

      • Article IX, Section 7, privilege for communications, 697–98

      • Article XII, Section 3(b)(i) and Section 3(f), appointment of directors by members having one of five largest quotas, 745

      • Article XII, Section 3(c), appointment of two additional directors, 745

      • Article XIV, Section 3, Fund representation in exceptional circumstances on withdrawal of Article XIV, Section 3 restrictions, 789

      • Articles of Agreement, 334

    • Investigation of Fund activities, cooperation procedures, 694–96

    • Investment Account

      • adoption of rules and regulations, 755

      • establishment, 755

      • guidelines for investing assets, 756–58

      • objective, 756

      • sources of assets, 756

      • termination, 756

      • transfer of currencies, FY 2010 and FY 2012, 759

      • transfer of currencies, FY 2011 and FY 2012, 759

      • transfer of income to General Resources Account, 760

      • uses of income, 756

    • Investment authority of the Fund

      • broadening the investment mandate, 762

    • Islamic Development Bank (IsDB)

      • exchange of documents with, 742

      • prescribed holder of SDRs, 799

    J

    • Japanese yen

      • freely usable currency, 856

      • weight in SDR valuation basket, 791

    • Joint Ministerial Committee on the Transfer of Real Resources to Developing Countries. See Development Committee

    • Joint Staff Advisory Notes

      • streamline modalities, amendments to, 295

    • Joint Staff Assessments, 285

    L

    • Lapse of time procedures

      • Article IV consultations, 79

      • program reviews, completion, 417

      • transmittal of supplementary information to WTO, 734

    • Leases, definition of external debt, 392–93

    • Lending into arrears, 450–54

      • review of policy, 454

    • Letters of intent (LOIs)

      • deletion from documents released to aid agencies, 744

      • side letters, 347–50

    • Loan Account

      • borrowing for, 209

    • Longer-term program engagement

      • definition, 378

      • review, 375

    • Low-income countries

      • concessional financing framework, reform of, 191

      • debt sustainability framework, 238

      • fragile situations, 235

      • role of the Fund, 442, 444

    M

    • Maintenance of value

      • overdue adjustments, 830

      • rates for computations, 513–15

      • Managing Director

      • authorized signatories, 754

      • consultation by member before requesting an extended arrangement, 394

      • consultation with creditors for additional borrowing for PRGF Trust Loan Account, 246

      • consultation with member on changes in exchange rate policies, 24

      • consultation with member with outstanding purchases on sale of currency, 486

      • Development Committee, participation in meetings of, 882

      • General Arrangements to Borrow, proposals for calls, 550

      • International Monetary and Financial Committee, participation in meetings of, 876

      • nondiscriminatory treatment of members, 337

      • SDR allocation, proposals for first basic period, 803

      • use of Fund resources, recommendation regarding approval, 337

    • MDRI. See Multilateral Debt Relief Initiative; Multilateral Debt Relief Initiative-I Trust; Multilateral Debt Relief Initiative-II Trust

    • MEFPs. See Memoranda of economic and financial policies

    • Military expenditure and the role of the Fund

      • Article IV consultations, 109, 110

      • performance criteria, 111

    • Misreporting and noncomplying disbursements, PRGF-ESF Trust

      • missed repurchase expectation, 783

      • prior action, accuracy of information, 244

      • repayment expectation, 256, 265

      • safeguards for use of Fund resources, 357

      • waiver of applicability or for nonobservance of performance criteria, 245

    • Misreporting and noncomplying purchases, General Resources Account

      • corrective action, 351–54

      • performance criteria or other conditions, accuracy of information, 351, 360–61, 355

      • prior actions, accuracy of information, 355

      • publication of cases, 783

      • safeguards for use of Fund resources, 355–60

      • waivers, 352

    • Misreporting and noncomplying purchases, Policy Support Instrument (PSI)

      • corrective action, 186

    • Misreporting and noncomplying purchases, PRGF and PRG Trust

      • corrective action, 227

    • Misreporting in de minimis cases

      • Article VIII, Section 5, 614

      • de minimis, definition, 354

      • General Resources Account, 353

      • Policy Support Instrument, 188

      • Special PRGF Operations for HIPC, 264

    • Moral hazard, 369, 440, 463, 473

    • Multilateral Debt Relief Initiative

      • status of implementation (2011), 293

    • Multilateral Debt Relief Initiative (MDRI)

      • proposed decisions, 296

      • qualification of non-HIPCs, 296

    • Multilateral Debt Relief Initiative-I (MDRI-I) Trust

      • administration, 304

      • amendment, 307

      • completion point, 300

      • decision point, 300

      • eligibility, 302

      • investment of resources, 306

      • media of payment of contributions, 301

      • purposes, 300

      • Trust reimbursement for FY 2011, 313

      • unit of account, 301

    • Multilateral Debt Relief Initiative-II (MDRI-II) Trust

      • administration, 311

      • amendment, 313

      • completion point, 307

      • decision point, 307

      • eligibility, 309

      • instrument to establish, 307

      • liquidation, 313

      • media of payment of contributions, 309

      • purposes, 308

      • unit of account, 308

    • Multiple currency practices

      • approval, 24, 603

      • approval criteria, when imposed for balance of payments reasons, 591, 605

      • approval criteria, when imposed for non-balance of payments reasons, 591

      • Article IV consultations, 606

      • balance of payments reasons, 598, 605

      • capital transactions, 606

      • consultation with Fund prior to changes, 597, 598

      • discrimination, 606

      • exchange taxes, 602

      • jurisdiction of the Fund, 599

      • nonbalance of payments reasons, 597, 606

      • official action, 605

      • policy in 1947, 595–603

      • policy in 1957, 603

      • policy in 1998, 604–6

      • simplification of complex rate systems, 603

      • spread, 605

      • statement to members transmitting Funds decisions, 596

      • unification of exchange rates as basic Fund objectives, 603

    • Multi-year rescheduling arrangements (MYRAs)

      • enhanced surveillance and, 119

    • Mutual assessment process, G-20, 142

    • MYRAs. See Multi-year rescheduling arrangements

    N

    • NAB. See New Arrangements to Borrow

    • Natural disasters, emergency assistance, 432–35

    • New Arrangements to Borrow

      • new participants, 576

    • New Arrangements to Borrow (NAB), 556–76

      • activation period, 560

      • adherence, 559

      • Fourteenth General Review of Quotas, 10

      • General Terms and Conditions for NAB Notes, 563

      • interest, 564

      • meeting of participants, 577

      • rates of exchange, 567

      • special calls, 562

      • transferability, 568

      • transferability of claims, 578–79

      • withdrawal from adherence, 571

      • withdrawal from membership, 571

    • Noncooperation draft declaration, 835

    • Nondiscriminatory treatment of members

      • Paris Club, 116

      • Use of Fund resources, 336

    • Nordic Investment Bank

      • prescribed holder of SDRs, 799

    • Note Purchase Agreement

      • issuance of notes by Fund to official sector, 582

    O

    • Observer status in the Fund

      • European Central Bank, 731

      • World Bank, 717–20

      • World Trade Organization, 733, 933

    • Observer status of the Fund

      • World Bank, 717

      • World Trade Organization, 934

    • OECD. See Organization for Economic Cooperation and Development

    • Official clearing and payments arrangements

      • temporary exemption from three-month settlement rule, 587

    • Offshore financial centers (OFCs), 152

      • assessment program, 151–54

      • inclusion in FSAP reports, 125

      • integration of assessment program with FSAP, 154

      • publication of reports, 153

    • Operational budgets

      • assessment of strength of member’s balance of payments and gross reserve position, 480

      • guidelines for operational budget allocation of currencies, review, 483

      • specification of currencies by the Fund, 483, 485

      • transfers of SDRs under Article V, Section 3(f), 481

    • Organization for Economic Cooperation and Development (OECD)

      • exchange of documents, 743

    • Overdue financial obligations to the Fund. See also Rights accumulation programs; Rights approach

      • accounting charges, 500

      • Annual Report (IMF), 833

      • complaint by Managing Director, 832

      • compulsory withdrawal, 835, 836, 840, 842

      • declaration of censure, 835, 839

      • declaration of ineligibility, 834, 839, 841, 842, 850

      • declaration of noncooperation, 835, 839, 842, 850

      • de-escalation of remedial measures, 851

      • draft first letter to all Governors, 836–37

      • draft second letter to all Governors, 838–39

      • Eleventh General Review of Quotas, 3

      • ESAF, no access, 829–30

      • extended arrangements and, 828

      • flexibility in de-escalation policy because of Qualifying Catastrophic Disaster, 854

      • Ninth General Review of Quotas, 833, 843

      • nontoleration of arrears to official creditors, 448

      • overdue maintenance of value adjustments, 830

      • Overseas Economic Cooperation Fund (OECF), 392

      • preferred creditor status of Fund, 830–36, 830, 831, 839, 843

      • prevention/deterrence measures, strengthened timetable of procedures, 844

      • PSI, nonapproval, 184

      • requests for the use of Fund resources under a stand-by or extended arrangements, management will not submit, 828

      • review of strategy (2011), 854

      • review period, 828

      • SAF, no access, 829

      • setoff in connection with retroactive reduction of charges, 503

      • special charges, 501

      • stand-by arrangements and, 827

      • strengthened cooperative strategy, 840–46, 849–50, 850–51

      • suspension of voting rights, 843, 845

      • technical assistance suspension, 853

    • Overdue payments to the Fund. See Overdue financial obligations to the Fund

    P

    • Paris Club

      • Agreed Minute, 117

      • debt rescheduling and Fund arrangements or programs, 842

      • debtors’ negotiations with, 116

      • PRGF qualification for assistance, 260

      • rescheduling discussions, 743

      • rescheduling in the absence of Fund arrangement, 843

      • rescheduling operations, Fund opposition to matching, 442

      • settlement of disputes between Fund members and Fund neutrality, 117

    • Payments arrears of a member to other (non-Fund) creditors

      • Fund lending into nonsovereign arrears, 448–54

      • Fund lending into sovereign arrears, 448–54

      • Fund policies and procedures, 448–54

      • performance criteria, 446

    • Payments arrears to the Fund. See Overdue financial obligations to the Fund

    • Payments arrears, capital transfers. See Capital transfers

    • Payments arrears, member’s failure to provide foreign exchange for current international transactions. See Exchange restrictions

    • Payments arrears, settlement of disputes between members, 116

    • Payments restrictions. See Exchange restrictions

    • Performance criteria under Fund arrangements

      • accuracy of information, 354

      • conditionality guidelines, 335

      • debt limits, 386

      • definition, 340

      • first credit tranche, not subject to, 380

      • number and content of, 340

      • omitted in stand-by arrangements within first credit tranche, 379

      • phasing, relationship, 384–85

      • reporting on implementation, confidentiality relating to, 350

      • side letters, 351

      • structural performance criteria not applicable, 343

      • waiver for nonobservance, 341, 352, 354

      • waiver of applicability, 342, 354

    • Phasing and performance criteria under Fund arrangements

      • omitted in stand-by arrangements within first credit tranche, 379

      • operational guidelines, 384

      • relationship, 384

    • PINs. See Public Information Notices

    • Policy framework papers. See also Poverty Reduction Strategy Papers

    • Policy Support Instrument (PSI), 178–90

      • application of Guidelines on Conditionality, 189

      • arrears, 189

      • Article IV consultation cycle, 72

      • assessment criteria, 186

      • definition, 184

      • documents required, 184

      • eligibility, 184, 185

      • implementation, 185

      • misreporting, 187

      • poverty reduction strategy documents, 184

      • review, 190

      • side letters, 189

      • structural assessment criteria not needed for monitoring, 191

      • termination, 189

    • Position in the Fund, 483

    • Post-Catastrophe Debt Relief Trust

      • debt flow relief, 327

      • debt stock relief, 327

      • eligibility, 326

      • establishment, 323

      • flexibility in de-escalation policy with respect to overdue payments to the Fund, 854

      • purposes, 324

      • Qualifying Catastrophic Disaster, 327

      • reimbursement to General Resources Account, 867

      • Special Disbursement Account, 325

      • Umbrella Account, 333

    • Post-conflict emergency assistance, 277, 281, 314, 423–32, 435–37, 438–42

    • Post-Conflict Emergency Assistance Subsidy Account for PRGF-Eligible Members

      • establishment, 314

      • fees, none, 319

      • instrument to establish, 314–20

      • investment of resources, 317

      • purpose, 314

      • rate of charge subsidy, 317

      • resources, 315

      • SDRs, use of, 320

      • settlement of questions, 320

      • termination, 319

      • use of resources, 316

    • Post-Program Monitoring

      • Article IV consultation, 373

      • publication policies, 373

    • Post-SCA-2 Administered Account

      • adoption of Instrument to establish, 321

      • instrument to establish, 321–23

    • Pound sterling

      • freely usable currency, 856

      • weight in SDR valuation basket, 791

    • Poverty and Growth Reduction Trust

      • cost of administering, 537

    • Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility (ESF) Trust. See also Enhanced Structural Adjustment Facility (ESAF) Trust; Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

      • contributions, value date for operations and transactions, 246

      • decision waiving the applicability of a performance criterion, 245

      • establishment, adoption of Instrument, 194

      • instrument to establish, 195

      • modalities of gold pledge under rights approach, 535

      • other provisions, 241

      • post-SCA-2 Administered Account, 322

      • prior actions, accuracy of information, 244

      • proposed decisions, 296

      • repayment expectation, 242

      • transformation of ESAF to PRGF, 242–44

      • transformation to Poverty Reduction and Growth Trust, 191

      • waiver of performance criteria, accuracy of information, 244–45

    • Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility (ESF) Trust loans

      • performance criteria, 245, 250

      • performance criteria, accuracy of information, 244–45

      • prior action, accuracy of information, 244

      • repayment expectation, 242

      • waiver of applicability or for nonobservance of performance criterion, 244

    • Poverty Reduction and Growth Trust

      • accuracy of data to assess observance of performance criteria, 245

      • assistance, amount of, 203

      • assistance, eligibility and conditions, 198

      • eligibility criteria, 525

      • Exogenous Shocks Facility, assistance under, 233

      • Extended Credit Facility, 192

      • instrument to establish, 195

      • interest rate structure, review, 234

      • loans, terms of, 207

      • misreporting and noncomplying disbursements, 227

      • Note Purchase Agreement, 240

      • overdue financial obligations, 230

      • Rapid Credit Facility, 196

      • Subsidy Accounts, 213

    • Poverty Reduction Strategy (PRS). See also Poverty Reduction Strategy Papers (PRSPs)

      • conflict-affected states, special requirements, 292

      • goals, 290

      • Millennium Development Goals (MDGs), achievement of, 290

      • review, 289

    • Poverty Reduction Strategy Papers (PRSPs). See also Poverty Reduction Strategy (PRS)

      • core principles, 289

      • definition, 257

      • progress, 283

      • role in HIPC initiative, 260

      • role in PSI operations, 184

    • Precautionary and Liqudity Line

      • conditionality, 426

    • Precautionary and Liquidity Line

      • access limits, 427

      • balance of payments need, 427

      • duration, 426

      • eligibility, 425

      • establishment to replace Precautionary Credit Line, 414

      • relationship between performance criteria and phasing not applicable, 384

      • review no later than November 2012, 432

      • safeguard assessment, 431

      • terms and conditions, 425

    • Precautionary Credit Line

      • Article IV consultation cycle, 72

      • repealed, 431

      • review (2011), 414

      • review of decision, 413

    • Preferred creditor status of Fund, 277, 440, 831, 839, 843

    • Press Notices. See Public Information Notices

    • PRGF. See Poverty Reduction and Growth Facility

    • PRGF-ESF Trust. See Poverty Reduction and Growth Facility and Exogenous Shocks Facility Trust

    • Prior actions

      • accuracy of information regarding implementation, 355

      • definition, 339

      • implementation under PRGF, 244

      • reporting on implementation, confidentiality relating to, 350

      • side letters, 351

      • use in emergency financing mechanism, 370

      • use in enhanced structural adjustment facility, 250

      • use in Extended Credit Facility, Standby Credit Facility and Exogenous Shocks Facility, 244

      • use in Policy Support Instrument, 187

    • Program reviews, 340

      • ex-post assessments, 420

      • ex-post evaluations, multi-country, 420

      • lapse of time completion, 417

      • procedural deadlines for completion, 422

    • Prolonged use of Fund resources

      • Article IV consultations, 374

      • assessment, 374

      • definition, 375

      • precautionary arrangements, 375

    • Protracted balance of payments problem, 296, 518

    • PSI. See Policy Support Instrument

    • Public Information Notices (PINs)

      • presumed publication, 778

    • Publication

      • Article IV consultation staff reports, pilot project, 784

      • Letters of Intent, 778

      • PINs on use of Fund resources, 779

      • staff-monitored programs, presumption of publication, 69

      • suspension of voting rights and termination of suspension, 783

      • transparency policy, 765

    • Purchase transactions. See Reserve tranche purchases; Use of Fund resources

      • resumption of purchases under extended arrangement after decision of formal ineligibility, 407

      • resumption of purchases under stand-by arrangement after decision of formal ineligibility, 402

      • suspension of transactions under extended arrangement, 407

      • suspension of transactions under stand-by arrangement, 403

      • temporary suspension under Article XXVII, effect on GAB, 548

    Q

    • Quotas

      • ad hoc increases, 22

      • adjustment, first interval of five years, 3

      • Eleventh General Review, 3

      • Fourteenth General Review, 7

      • Ninth General Review, 843

      • payments of reserve assets in connection with subscription, 19

      • sales of SDRs by Fund to members for quota payments, 490

      • Seventh General Review, 20, 490, 805, 821

      • Sixth General Review, 20

      • voice and quota, reform of, 3

      • voting power and adjustment of quotas, 746

    R

    • Rapid Credit Facility

      • access, 204

      • assistance under RCF, 201

      • interest rate, 234

      • low-income countries in fragile situations, 235

    • Rapid Financing Facility

      • balance of payments need, 423

    • Rapid Financing Instrument

      • access limits, 424

      • establishment to replace emergency assistance policy, 415

      • outright purchases, 424

      • terms and conditions, 423

    • Recent Economic Developments reports (REDs)

      • balance of payments consultations, WTO, 734

      • no longer included in Article IV consultation documentation, 65

      • transmittal to multilateral agencies, 734, 739, 740

    • Reconstitution of SDRs

      • abrogation of rules, 823

    • REDs. See Recent Economic Developments reports (REDs); Article IV consultations

    • Reform of the Executive Board, Resolution 66-2, 7

    • Regional Economic Outlooks (REOs), 45

    • Repayment expectations, PRGF Trust, 242, 256, 265

    • Reports on Observance of Standards and Codes (ROSCs)

      • anti-money laundering initiatives, 153, 159, 168

      • assessment procedures, 159

      • no longer circulated to Executive Directors in hard copy form, 151

      • principle of uniformity, 161

      • reports on observance associated with FATF-led assessments generally not designated as ROSCs, 161

      • surveillance, 78

    • Repurchase expectations

      • attribution of reduction of currency, 495

      • Compensatory Financing Facility, 491

      • failure to meet and extended arrangements, 353, 362

      • failure to meet and stand-by arrangements, 362

      • misreporting and noncomplying purchases, 351–54, 361

      • publication of failure to meet, 782

    • Repurchases. See also Repurchase expectations

      • access policy, 458–59

      • assessment of strength of members’ balance of payments and gross reserve position, 480

      • attribution of reductions in Fund’s holdings of currencies, 495–96

      • credit tranches, 493

      • early repurchases, guidelines, 495

      • emergency assistance, 493

      • extended arrangements, 396, 459

      • gold, acceptance in payment, 494

      • gold, obligation to pay, 494

      • procedures, 493

      • Schedule B, 494

      • SDRs, 494

      • selection of currencies by Fund, 482, 485

      • special charges on overdue repurchases, 493–95

      • stand-by arrangements, 459

      • timing of repurchases within a calendar month, 493

    • Reserve assets

      • payment in connection with subscriptions, 19

    • Reserve position, gross

      • assessment for purposes of designation plans, operational budgets, and early repurchases, 480

      • SDDS reporting, 620

    • Reserve tranche position

      • administrative accounts, 855

      • attribution of reductions in Fund’s holdings of currencies, 495, 496

      • balances held in Administrative Account, 855

      • extended arrangements, 855

      • remunerated position, 21

    • Reserve tranche purchases, exclusion of purchases and holdings

      • credit tranches, 855

      • extended arrangements, 855

      • General Arrangements to Borrow, 545

    • Resolutions. See Board of Governors Resolutions

    • Restrictions. See Exchange restrictions

    • Retention quotas, 587–89

    • Reviews under Fund arrangements

      • extended arrangement, 404

      • stand-by arrangement, 400

    • Revolving character of the Fund’s resources, 434, 458

    • Rights accumulation programs, 363, 846, 850, 851

      • gold pledge, 849

    • Rights approach

      • arrears to the Fund, reduction, 846

      • extension of availability, 854

      • gold pledge, 846

      • modalities of gold pledge for use of PRGF Trust resources, 535, 846

      • operational modalities, 846

      • PRGF-HIPC Trust eligibility, 259

      • PRGF-HIPC Trust qualification, 260

      • three-year period norm, 847

    • ROSCs. See Reports on Observance of Standards and Codes

    • Rules and Regulations

      • Rule G-1, fiscal agency, 547

      • Rule G-4, request for a purchase, 488

      • Rule I-6(4), rate of charge, 501, 503, 507, 510, 864

      • Rule I-6(4)(a), 507, 510

      • Rule I-6(4)(b), 507, 510

      • Rule I-10, rate of remuneration, 507, 510

      • Rule K-1, 701

      • Rule O-1, value of SDR, 794

      • Rule O-2, valuation of currencies in terms of SDRs, 514, 547, 794, 807, 808, 810, 812, 814

      • Rule O-2(a), 794

      • Rule O-10, operational budget, 481

      • Rule P-7, prescribed operation, 807, 809, 810, 812, 815, 816

      • Rule P-9, recording of SDR transactions, 320, 324, 799, 800, 801, 808, 810, 811, 813, 815, 816, 817

      • Rule R-1 through Rule R-6, rules for reconstitution (abrogated), 823

      • Rule T-1, 511

    S

    • SAF. See Structural Adjustment Facility

    • Safeguard assessment process

      • Rapid Financing Instrument, 424

    • Safeguards assessment policy

      • review of experience, 2010, 366

    • Safeguards assessment process

      • audits, 357, 358, 359

      • confidentiality, 359, 366

      • distinction between first and second stages no longer applicable, 365

      • first stage, 358, 365

      • information/documents to obtain from central banks, 359

      • Precautionary and Liquidity Line, 431

      • reports to remain confidential, 362

      • review, 360

      • second stage, 359, 365

    • Safeguards, use of Fund resources

      • benchmarks based on Code of Good Practices on Transparency in Monetary and Financial Policies, 358

      • publication of audited central bank financial statements, 358

    • Sales of currencies of members indebted to the Fund

      • sale of currencies at the request of members with outstanding purchases, 487

    • Santiago Principles, 87

    • Schedule B, transitional provisions, 20, 494

    • Schedule D

      • paragraph 1(a), proposed amendment, 17

      • paragraph 5(e), proposed deletion, 17

      • paragraph 5(f), proposed amendment, 17

    • Schedule E

      • proposed amendment, 18

    • Schedule F, designation, 819

    • Schedule G, paragraph 1(a), reconstitution, 823

    • Schedule J, settlement of accounts with withdrawing members, 548

    • Schedule K, administration of liquidation, 548

    • Schedule L

      • suspension of voting rights, 876

      • paragraph 1(b), proposed amendment, 18

      • paragraph 3(c), proposed amendment, 18

    • SDA. See Special Disbursement Account

    • SDDS. See Special Data Dissemination Standard

    • SDRs. See Special drawing rights

    • Second Amendment

      • Article IV (surveillance over exchange rate policies), 20

      • payment of reserve assets in connection with subscription, 20

      • repurchase under Schedule B, 494

      • surveillance over exchange rate policies, 20

    • Security reasons, exchange restrictions for, 585

    • Settlement of disputes between members relating to external debt

      • comparable treatment of creditors, 116

      • Paris Club, 116

      • role of the Fund, 115–18

    • SFF. See Supplementary Financing Facility

    • Short-Term Liqudity Facility

      • repeal, 347

    • Side letters, use of Fund resources, 347–50

    • Sovereign default, 369, 448

    • Sovereign wealth funds

      • generally accepted principles and practices (GAPPs), 87

      • Santiago Principles, 87

    • Special accounts for administrative purposes

      • calculation of holdings of a member’s currency, 745

    • Special Contingent Account. See also Burden sharing

      • additions to, 829

    • Special Data Dissemination Standards (SDDS)

      • access by the public, 620, 627

      • balance-sheet approach, 76

      • coverage, 622

      • Data Dissemination Bulletin Board, 629

      • debt sustainability assessments, 76

      • integrity, 627

      • liquidity management, 76

      • periodicity and timeliness, 623

      • purpose and framework, 621

      • quality, 628

      • review (2012), 689

      • SDDS Plus tier, 689

      • subscription, 629

    • Special Disbursement Account (SDA)

      • ESAF-HIPC Trust, 270

      • investment, 516

      • Post-Catastrophe Debt Relief Trust, 325

      • PRGF-HIPC Trust, 256, 269

      • repayment expectation under PRGF Trust, failure to meet, 242

      • Structural Adjustment Facility administration, 516

      • termination and transfer of resources from Trust Fund, 858

      • termination of assistance from SAF in conjunction with loans from ESAF Trust, 534

      • transfer of resources to the ESAF Trust and retransfer to the SDA, 532

    • Special drawing rights (SDRs)

      • allocation for first basic period, 803

      • allocation for the ninth basic period, 805

      • allocation for third basic period, 804

      • contributions to PRGF-HIPC Trust, 259

      • currency reference rates, 792

      • currency weights, 791

      • designation review rules, 818

      • designation rules, revision, 821

      • euro, weight in valuation basket, 791

      • harmonization of holdings, 819

      • holders prescribed by the Fund

        • African Development Bank, 799

        • African Development Fund, 799

        • Andean Reserve Fund, 798

        • Arab Monetary Fund, 799

        • Asian Development Bank, 799

        • Bank for International Settlements, 798

        • Bank of Central African States, 799

        • Central Bank of West African States, 799

        • East African Development Bank, 799

        • East Caribbean Currency Authority, 799

        • Eastern Caribbean Central Bank, 799

        • European Central Bank, 799

        • International Bank for Reconstruction and Development (World Bank), 799

        • International Development Association, 799

        • International Fund for Agricultural Development, 799

        • Islamic Development Bank, 799

        • Nordic Investment Bank, 799

      • Japanese yen, weight in valuation basket, 791

      • means of repayment by members on indebtedness under loan agreements, 857

      • media of payment for charges in GRA, 499

      • method of valuation, 793

      • other holders, acceptance, holding or use, 795

      • payment of net charges and assessment in the SDR Department for FY ended April 30, 1982, 824

      • payment of subscriptions, 19

      • pound sterling, weight in valuation basket, 791

      • PRGF-HIPC Trust unit of account and media of payment, 258

      • reconstitution, abrogation of rules, 823

      • reserve asset payments, 19

      • sales by the Fund for payment of subscriptions, 19

      • sales by the Fund for the payment of charges, 500

      • terms and conditions for accepting, holding, or using SDRs, 795

      • transfers of SDRs for purchases under Article V, Section 3(f), 481

      • U.S. dollar, weight in valuation basket, 791

      • use in donations, 816

      • use in ESAF Trust operations or under an administered acount, 801

      • use in forward operations, 815

      • use in loans, 810

      • use in payment of Trust Fund obligations, 745, 857

      • use in pledges, 810

      • use in PRGF-HIPC Trust operations or under an administered account, 801

      • use in repurchases, 493

      • use in settlement of financial obligations, 807

      • use in Structural Adjustment Facility operations, 800

      • use in subsidy payment from SFF Subsidy Account, 800

      • use in swap operations, 814

      • use in transfers as security for the performance of financial obligations, 812

      • valuation basket, guidelines for calculation of currency amounts, 790

      • valuation basket, guidelines for calculation of currency amounts, revised guidelines, 790

      • valuation of US dollar for purposes of Rule O-2(a), 794

      • value of SDR, method of collecting exchange rates for calculation for purposes of Rule O-2(a), 794

    • Special Reserve

      • placement of income of GRA in FY 2012, 760

    • Specification of currencies, 485

    • SRF. See Supplemental Reserve Facility

    • Staff reports on Article IV consultations. See also Surveillance; Enhanced surveillance

      • document exchange with WTO, 740

      • military expenditure, 109

      • presumed publication, 778

      • transmittal to international agencies, 740, 742

    • Staff reports on enhanced surveillance

      • transmittal by members to creditors, 65–66, 120, 147

    • Staff reports on use of Fund resources and post-program monitoring

      • publication policy, 778

    • Staff-monitored programs (SMPs), 69

    • Standards and Codes. See also Financial Sector Assessment Program; Reports on Observance of Standards and Codes; and Special Data Dissemination Standard (SDDS)

    • Standards and Codes Initiative

      • crisis resolution and deposit insurance, new policy areas, 171

      • review (2011), 170

    • Stand-by arrangements. See also Access policy, use of Fund resources; Use of Fund resources

      • access to credit tranches, normally through, 379

      • arrangements not international agreements, 338

      • blackout periods, reduction of, 397

      • conditionality guidelines, 335

      • consultation clauses, 339, 402

      • contractual connotation avoidance, 338

      • duration, normal, 379

      • emergency purchases and, 433, 434, 437

      • external debt performance criteria, guidelines, 386

      • first credit tranche, 379

      • form, standard, 400

      • ineligibility, 403, 827

      • misreporting and noncomplying purchases, 351–54, 354, 355

      • noncomplying purchases, 353

      • nondiscriminatory treatment of members, 337

      • overdue financial obligations to the Fund, 827

      • performance criteria, accuracy of information, 355

      • performance criteria with respect to external debt, 392, 401

      • period for, 379

      • phasing, 379

      • policies and procedures, 379

      • PRGF-HIPC Trust eligibility, 259

      • PRGF-HIPC Trust qualification, 260

      • prior actions, accuracy of information, 354

      • program evaluation, 342

      • repurchase, 403

      • repurchase expectation, 352, 353, 403

      • reserve tranche purchases, 855

      • review, 400

      • structural performance criteria not applicable, 343

      • suspension of right to engage in transactions, 403

      • uniform treatment of members, 337

      • waiver for nonobservance of performance criteria, 352, 354, 355

      • waiver of applicability of performance criteria, 354, 355

    • Stand-by Credit Facility

      • interest rate, 234

    • Strengthened cooperative strategy

      • de-escalation of remedial measures, 851

      • procedures, 840

      • reversibility of actions, 850

      • rights approach eligibility, extension, 854

    • Structural Adjustment Facility (SAF)

      • access, potential, 518, 523

      • amounts of assistance, 517

      • commitment period, 518

      • commitment period, new, 522

      • disbursements, 519, 522

      • eligible members list, 523

      • income from investment and loans, 532

      • interest, 520

      • loans under Enhanced Structural Adjustment Facility (ESAF), 521

      • protracted balance of payments problem, 296, 518

      • purposes, 517

      • qualification for assistance, 518

      • resources, 517

      • SDRs, use in operations, 800, 801

      • terms of loans, 519

    • Subscriptions. See also Quotas

      • accounting by members, 19

      • ownership of gold and currency, 19

      • reserve asset payments, 19–22

    • Subsidy Account. See Supplementary Financing Facility Subsidy Account

    • Summings up and concluding remarks for policy items

      • review and finalization process, 62

    • Supplemental Reserve Facility (SRF)

      • exchange rate for payment of subsidies, 886

      • overdue financial obligations, 402, 407

      • repeal, 347

    • Supplementary Financing Facility (SFF) Subsidy Account, 860

      • eligible members, 863

      • instrument to establishment, 860

      • investment, 862

      • means of subsidy payments, 868

      • rescheduling in cases of serious hardship, 859

      • resources, 860

      • SDRs, use of, 800

      • subsidy amount, 862

      • suspension of transfers and re-transfer of surplus, 867

      • transfer from Special Disbursement Account, 861, 867

    • Surveillance. See alsoArticle IV consultations; Enhanced surveillance

      • 1977 Decision, review of and proposal, 24

      • balance-sheet analysis, 76

      • bilateral surveillance over members’ policies, 33

      • bilateral surveillance, 2007 decision, 33

      • bilateral, 2007 decision, transitional issues, 63

      • Central African Economic and Monetary Union, 93

      • cross-border capital flows, 54

      • data provision, 74

      • Eastern Caribbean Currency Union, 95

      • euro area, 90, 92

      • extension of theree-month period, 79

      • principles for the guidance of members’ policies, 38

      • principles for the guidance of the Fund, 35

      • priorities, 2008-2011, 48

      • procedures, 40

      • publicity, 783

      • review of general implementation, two-year intervals, 66, 69

      • ROSCs, 75, 78

      • Special Data Dissemination Standards, 77

      • stability assessments under FSAP mandatory, 131

      • stability assessments under FSAP, integration of, 134

      • staff-monitored programs, 69

      • systematically important financial sectors, 135

      • three-month rule, 78

      • timetable of procedures, 830

      • triennial review, 2008, 43

      • triennial review, 2011, 51

      • West African Economic and Monetary Union, 96

    • Suspension of membership, 836

    • Suspension of voting rights

      • participation in International Monetary and Financial Committee, 876

    • Swiss National Bank

      • GAB participant, 551, 555

      • NAB participant, 576

    • Systematically important financial sectors

      • financial stability assessments in surveillance, 135

    • Systemically Important Financial Sectors

      • conceptual framework, 138

    T

    • Technical assistance

      • cooperation with Trusteeship Council, 900

      • exchange rate system simplification, 604

      • Framework Administered Account for, 173

      • members not cooperating with the Fund, 835, 836

      • post-conflict countries, 435

      • transmittal of reports to international agencies, 740

    • Terrorism financing. See Combating the Financing of Terrorism

    • Trade. See also World Trade Organization

      • structural maladjustments in trade, Extended Fund Facility, 393

      • Trade Integration Mechanism, 478

      • trade-related balance of payments adjustments, 478

    • Trade Integration Mechanism, 478

    • Trade restrictions

      • avoidance of escalation, 595, 887

      • emergency assistance, 423, 434

      • ESAF, 250

      • import restrictions for balance of payments reasons, extended arrangements, 407

      • import restrictions for balance of payments reasons, GATT, 592

      • import restrictions for balance of payments reasons, stand-by arrangements, 402

      • WTO involvement, 734

    • Tranche policies

      • first credit tranche, 380

      • floating tranche, 342

    • Transferability of claims

      • General Arrangements to Borrow, 555

    • Transparency. See also Publication

      • archives, access by outside persons, 692

      • foreign reserves management, 358

      • governance, 99

      • policy on disclosure and information, 765

      • safeguards for use of Fund resources, 359

    • Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries and for Interim ECF Subsidy Operations (PRG-HIPC Trust)

      • amendment of PRGF-HIPC Trust to PRG-HIPC Trust, 254

      • instrument to establish, 254

    • Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and for Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

      • administration of, 267

      • amendment of, 269

      • Annual Progress Report (APR), 257

      • assistance amount, 262

      • completion point, 256, 263, 264, 265, 266, 275, 277, 278

      • contributions by other donors, 271

      • contributions to, 309

      • debt sustainability, 256, 262, 265, 266, 276, 277, 285

      • debt sustainability analysis, 255

      • debt-to-exports ratio, 256, 265, 279

      • debt-to-revenue ratio, 256

      • decision point, 255, 260, 262, 263, 274, 277, 282, 285, 286

      • eligibility, 259, 285

      • grace period on loans, 266

      • grants and loans, 259

      • Guidelines on Misreporting, 257

      • implementation, progress, 277–81

      • implementation, review, 281–85

      • instrument to establish, adoption of, 253

      • interest, 256, 266

      • interim assistance, 263

      • Interim Poverty Reduction Strategy Papers (I-PRSPs), 257, 283, 284

      • investment of resources, 258, 268, 271

      • Joint Staff Advisory Note (JSAN), 257

      • liquidation, 269

      • maturity of loans, 266

      • operation and liquidation, 269

      • Paris Club, 256, 260, 262, 278, 283, 287, 288

      • performance-related conditions, 264, 271

      • Poverty and Social Impact Analysis (PSIA), 291

      • Poverty Reduction Strategy Papers (PRSPs), 257, 260, 278, 281, 289

      • purposes, 258

      • qualification for assistance, 260

      • rescheduling of payments not allowed, 266

      • retransfers authorized, 271

      • SDRs, use in operations, 269, 801

      • self-sustained operations, 256, 269, 281

      • special charges on overdue interest and repayments, 501

      • Special Disbursement Account, transfers from, 258

      • streamlining preliminary HIPC documents, 285

      • subsidies for interim PRGF operations, 267

      • terms of assistance, 265

      • track record of performance, 276, 278, 282, 285, 288

      • transformation of ESAF-HIPC Trust to PRGF-HIPC Trust, 242

      • Trust Account and resources, 258

    • Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and the Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

      • status of implementation (2011), 293

    • Trust for Special PRGF Operations Heavily Indebted Poor Countries and for Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

      • completion point, 286

      • decision point, 286

      • eligibility and eligible members, 288

      • implementation status, 286

      • sunset clause, 270, 288

    • Trust Fund

      • final direct distribution of profits, 858

      • means of repayment by members on their indebtedness under loan agreement, 857

      • overdue interest and repayments, 501

      • SDRs, use in payment of Trust Fund obligations, 799

      • special charges on overdue financial obligations, 500–501, 858

      • termination and transfer of resources to Special Disbursement Account, 858

      • terms of repayment of final loan disbursement and amendment of Trust instrument, 860

    U

    • Undue delay in availability or use of foreign exchange, 539, 593

    • Uniformity of treatment principle

      • post-conflict assistance, 440

      • settlement of disputes among members, comparable treatment, 116

      • use of Fund’s general resources, 337

    • United Nations

      • agreement with the IMF, 897–903

      • Convention on the Privileges and Immunities of the Specialized Agencies, 904–21

      • exchange of documents with, 899

      • UNDP, exchange of documents with, 742

      • Uniting for Peace General Assembly Resolution, 872

    • United States (U.S.) dollars

      • financial statements of Framework Account, expressed in, 176

      • maintenance of value, rates for computation, 514

      • means of payment by members on indebtedness under Trust Fund loan agreements, 857

      • medium of payment, loan disbursements, repayments, and interest under GAB, 520

      • medium of payment, MDRI-I Trust, 301

      • medium of payment, MDRI-II Trust, 309

      • medium of payment, PRGF-HIPC Trust, 259

      • payment of special charges on overdue payments, Trust Fund loans, 502

      • payments of interest on members’ indebtedness under Trust Fund loans, 857

      • valuation in terms of special drawing rights as per Rule O-2(a), 794

      • weight in SDR valuation basket, 791

    • Use of Fund resources. See also Access policy, use of Fund resources; Charges; Compensatory Financing Facility; Conditionality; Contingent Credit Lines; Emergency assistance; Emergency financing mechanism; Extended arrangements; Extended Fund Facility; First credit tranche; General Resources Account; Misreporting and noncomplying purchases; Purchase transactions; Repurchases; Reserve tranche purchases; Stand-by arrangements; Supplemental Reserve Facility; Supplementary Financing Facility; Systemic Transformation Facility; Waiver of limitation of 200 percent of quota under Article V, Section 3(b)(iii)

      • accordance with purposes of the Fund, 334

      • arrears, resolving the problem of, 838

      • authority of the Fund to use its resources

        • Resolution, 871

        • resolving problem of arrears, 334

      • capital transfers, 334, 538

      • concessional financing, eligibility, 529

      • conditionality guidelines, 335–43

      • financing current account deficits, 334

      • Flexible Credit Line, 344, 409

      • form, extended arrangement, 404

      • form, stand-by arrangement, 400

      • inelibility, effect on purchases under extended arrangement, 407

      • ineligibility under Article V, Section 5, 488

      • ineligibility, effect on purchases under stand-by arrangement, 403

      • interpretation of Articles of Agreement, 334

      • limitation and ineligibility under Article V, Section 5, 488

      • meaning of “consistent with the provisions of this Agreement” under Article V, Section 3, 334

      • meaning of “represents,” 335

      • meaning of “represents” that a member has a need to make purchases, 335

      • nondiscriminatory treatment of members, 337

      • performance criteria and phasing, 384

      • postponement and limitation under Article V, Section 5, 488

      • repayment expectation under PRGF-ESF Trust, failure to meet, 242

      • repeal of CFF, SRF, and Short-term Liquidity Facility, 346

      • resumption of purchases under extended arrangement after decision of formal ineligibility, 407

      • resumption of purchases under stand-by arrangement after decision of formal ineligibility, 403

      • safeguards, strengthening of, 355–60

      • side letters, 347, 350

      • suspension of exchange transactions, effect on General Arrangements to Borrow, 548

      • suspension of transactions under extended arrangement, 407

      • suspension of transactions under stand-by arrangements, 403

    V

    • Voluntary Declaration on Trade and Other Current Account Measures, 887

    • Voting power majority

      • compulsory withdrawal, 842

    • Voting rights, suspension. See Suspension of voting rights

    W

    • Waiver of performance criteria

      • applicability, 341, 354, 355

      • nonobservance, 186, 354, 355

    • Waiver of special charges, 501

    • World Bank (International Bank for Reconstruction and Development)

      • agreement with WTO, 927, 928, 930

      • Bank-Fund collaboration, 111, 707, 717, 718, 724

      • collaboration with Fund and WTO, 737, 738

      • collaboration with Fund on corporate sector vulnerability analysis, 66

      • collaboration with Fund on shifting resources from military, 111

      • Development Committee, 879

      • ESAF policy framework process, 250

      • Financial Sector Assessment Program, 123

      • Fund-Bank Concordat, 705

      • governance, 100, 101, 107

      • HIPC Initiative, 275, 281, 284

      • investment by Fund of currencies received by SFF Subsidy, 867

      • military expenditures, 111

      • observer status in the Fund, 717

      • post-conflict assistance, 435

      • prescribed holder of SDRs, 799

      • PRGF-HIPC Trust, 255

      • rights approach, 847

      • suspension of voting rights, 843

    • World Economic Outlook (WEO)

      • military spending, 109

      • multilateral surveillance, 45, 67, 336

      • WTO observer status, 934

    • World Trade Organization (WTO)

      • balance of payments consultations, 734

      • coherence in global policymaking, 734

      • consistency of policy advice and obligations, 735

      • cross-conditionality, avoidance, 736

      • document exchange, 739

      • Fund staff observer at WTO meetings, 934

      • guidelines/framework for Fund staff collaboration, 733

      • IMF-WTO Agreement, text, 40

      • lapse of time procedure in transmittal of supplementary information to WTO, 734

      • observer status, 738

      • resolution of open jurisdictional issues, 737

      • suspension of exchange transactions, effect on General Arrangements to Borrow, 548

      • suspension of transactions under extended arrangements, 407

      • suspension of transactions under stand-by arrangements, 403

      • WTO staff observer at Executive Board meetings, 933

    • WTO. See World Trade Organization

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