Selected Decisions (14th Ed)
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 1989
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    SELECTED DECISIONS

    AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

    FOURTEENTH ISSUE WASHINGTON, DC APRIL 30, 1989

    International Standard Serial Number: ISSN 0094-1735

    Preface

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

    This issue has an accompanying Annex volume, which contains bilateral borrowing agreements entered into by the Fund, including agreements entered into for the financing of the ESAF Trust and associated lending, as well as related decisions adopted by April 30, 1989.

    This issue, with the accompanying Annex, contains most of the decisions published in the Thirteenth Issue and its Supplement that remain in effect, as well as new general decisions adopted after the publication of the Supplement. Decisions of the Fund that are incorporated in the Rules and Regulations are not reproduced in this volume.

    Wherever reference is made in this volume to provisions of the Fund’s Articles or Rules and Regulations that were renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision that is in effect at the present time is cited in a footnote.

    The General Counsel

    Francois P. Gianviti

    Contents

    List of Decisions by Number

    (Page numbers preceded by “A” can be found in the Annex.)

    NumberPage
    2-1318
    71-251
    117-1321
    170-33
    180-5319
    237-2302
    284-3166
    284-452
    286-1166
    287-351
    408-23
    446-4289
    534-3316
    574-2, as amended by 2620-(68/141)318
    597-4319
    102-02/11)52
    144-(52/51)291
    201-(53/29)293
    270-(53/95), as amended

    by 876-(59/15) and 1151-(61/6)
    87
    343-(54/47)354
    433-(55/42)292
    541-(56/39)229
    649-(57/33)309
    876-(59/15), see 270-(53/95)
    955-(59/45)296
    1034-(60/27)297
    1151-(61/6), see 270-(53/95)
    1238-(61/43)51
    1289-(62/1), as amended

    by 1362-(62/32),

    1415-(62/47),

    4421-(74/132),

    5792-(78/79),

    6241-(79/144), and

    7337-(83/37)
    230
    1362-(62/32), see

    1289-(62/1)
    1415-(62/47), see

    1289-(62/1)
    1712-(64/29)250
    2620-(68/141), see

    574-2
    2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)142
    3153-(70/95)299
    3179-(70/102)143
    3351-(71/51)144
    4134-(74/4)301
    4239-(74/67)177
    4254-(74/75)313
    4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), and 8885-(88/89)60
    4421-(74/132), see

    1289-(62/1)
    4720-(75/114)66
    4773-(75/136), as amended by 5694-(78/35)390
    4913-(75/207), see 2772-(69/47)
    5069-(76/72)359
    5127-(76/91)145
    5220-(76/144)64
    5288-(76/167)254
    5306-(77/2)265
    5331-(77/15)264
    5371-(77/51)355
    5387-(77/61)259
    5392-(77/63), as amended by 8564-(87/59) and 8856-(88/64)9
    5488-(77/116)265
    5508-(77/127)66,356
    5509-(77/127)274
    5563-(77/150)TR368
    5590-(77/163)200
    5591-(77/163)355
    5597-(77/171)147
    5694-(78/35), see 4773-(75/136)
    5702-(78/39)G/S as amended by 7096-(82/57)G/S177
    5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)172
    5704-(78/39)168
    5706-(78/39)99
    5709-(78/41)TR370
    5712-(78/41)8
    5719-(78/46)358
    5792-(78/79), see 1289-(62/1)
    5809-(78/88)175
    5832-(78/95)TR371
    5956-(78/180)S332
    5972-(78/189)369
    5973-(78/189)TR369
    6000-(79/1)S, as amended by 6438-(80/37)S333
    6001-(79/1)S334
    6006-(79/3)282
    6008-(79/3)282
    6026-(79/13)14
    6053-(79/34)S, as amended by 6438-(80/37)S336
    6054-(79/34)S, as amended by 6438-(80/37)S338
    6056-(79/38)54
    6163-(79/96)283
    6172-(79/101)170
    6201-(79/12)TR371
    6202-(79/121)TR371
    6209-(79/124)S346
    6230-(79/140)57
    6241-(79/144), see 1289-(62/1)
    6266-09/156)4
    6273-(79/158)G/S155
    6274-(79/158)156
    6275-(79/158)G/S158
    6336-(79/178)S340
    6337-(79/178)S341
    6339-(79/179), see 4377-(74/114)
    6352-(79/183)159
    6358-(79/188)TR, as amended by 8640-(87/101) S/TR373
    6368-(79/191)S332
    6437-(80/37)S342
    6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
    6445-(80/43)72
    6466-(80/68)TR372
    6467-(80/71)S326
    6484-(80/77)S328
    6485-(80/77)S330
    6486-(80/77)S329
    6487-(80/77)S329
    6488-(80/77)S329
    6489-(80/77)S329
    6524-(80/88)250
    6540-(80/98)TR375
    6609-(80/126)S329
    6631-(80/145)G/S322
    6663-(80/160)S167
    6676-(80/168)T/R372
    6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 8941-(88/122)SBS378
    6693-(80/177)73
    6704-(80/185)TR376
    6709-(80/189)S324
    6718-(81/1)S329
    6725-(81/5)73
    6772-(81/35)G/S161
    6774-(81/35)163
    6783-(81/40), as amended by 8885-(88/89)74,357
    6790-(81/43)311
    6793-(81/45)377
    6830-(81/65)) see also 4377-(74/114)99,356
    6831-(81/65), as amended by 7059-(82/23)175
    6832-(81/65)S350
    6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)89
    6843-(81/75)A76
    6844-(81/75)284
    6845-(81/75)285
    6854-(81/78)SBS, as amended by 8184-(86/9)SBS385
    6862-(81/81), see 5703-(78/39)
    6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112)A130
    6864-(81/81)A133
    6870-(81/83), see 6863-(81/81)
    6908-(81/101)S329
    6925-(81/112), see 6863-(81/81)
    7040-(82/7), as amended by 7589-(83/181)286
    7041-(82/8)G/S351
    7047-(82/13)100
    7048-(82/13)102
    7059-(82/23), see 6831-(81/65)
    7060-(82/23)357
    7064-(82/26)S329
    7086-(82/42)S329
    7096-(82/57)G/S see 5702-(78/39)G/S
    7116-(82/68)S352
    7142-(82/85)TR373
    7188-(82/114)A109
    7229-(82/136)S329
    7246-(82/147)150
    7247-(82/147)145
    7337-(83/37), see 1289-(62/1)
    7403-(83/73)265
    7420-(83/82)392
    7427-(83/83)18
    7484-(83-117)393
    7558-(83/156)64
    7582-(83/174)S329
    7589-(83/181), see 7040-(82/7)
    7599-(84/3), as amended by 7841-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), and 9028-(88/171)78
    7600-(84/3), as amended by 7841-(84/165), 8147-(85/177), 8459-(86/189), and 9028-(88/171)
    7602-(84/3), see 2772-(69/47)
    7626-(84/23)S162
    7628-(84/25)246
    7629-(84/25)248
    7645-(84/40)15
    7646-(84/40)16
    7677-(84/64)A110, 144
    7688-(84/70), see 6838-(81/70)
    7704-(84/78)176
    7707-(84/79)S329
    7754-(84/108)SBS386
    7841-(84/165), see 7599-(84/3) and 7600-(84/3)
    7842-(84/165)107
    7857-(84/175)64
    7908-(85/26)103
    7925-(85/38), as amended by 8887-(88/89)109
    7931-(85/41)320
    7939-(85/49)17
    7941-(85/50)S162
    7955-(85/60)A156
    7989-(85/81)385
    7990-(85/81)202
    7999-(85/90)320
    8029-(85/105)202
    8037-(85/110)SBS387
    8147-(85/175), see 7599-(84/3) and 7600-(84/3)
    8160-(85/186)GS324
    8165-(85/189)G/TR, as amended by 8496-(87/3)G/TR, 8641-(87/101)G/TR, 8923-(88/110)G/TR179,374
    8184-(86/9)SBS, see 6854-(81/78)SBS
    8185-(86/9)SBS/S386
    8186-(86/9)SBS/S343
    8192-(86/13)65
    8222-(86/45)47
    8237-(86/56)SAF203
    8238-(86/56)SAF, amended by 8497-(87/3)SAF, 8652-(87/105)SAF), 8758-(87/176)SAF, and 9118-(89/40)SAF203
    8239-(86/56)SAF343
    8240-(86/56)SAF, as amended by 8651-(87/105)SAF, 8935-(88/118)SAF, and 9117-(89/40)SAF209
    8241-(86/56)SAF211
    8248-(86/60)16
    8249-(86/60)17
    8265-(86/70)S162
    8271-(86/74)181
    8318-(86/104)S329
    8348-(86/122), as amended by 8481-(86/202) and 8482-(86/202)182
    8349-(86/122)178
    8433-(86/175)179
    8442-(86/178)182
    8459-(86/189), see 7599-(84/3) and 7600-(84/3)
    8460-(86/189)A128
    8481-(86/202) see 8348-(86/122)
    8482-(86/202), see 8348-(86/122)
    8486-(86/205)A159
    8492-(87/1)SBS387
    8496-(87/3)G/TR, see 8165-(85/189)G/TR
    8497-(87/3)SAF, see 8238-(86/56)
    8515-(87/23)189
    8523-(87/25)SBS388
    see also 6683-(80/185)G/TR
    8542-(87/36)SAF210
    8563-(87/59)17
    8564-(87/59), see 5392-(77/63)
    8574-(87/64)S163
    8583-(87/72)65
    8618-(87/90)190
    8619-(87/90)191
    8621-(87/90)178
    8640-(87/101)S/TR, see 6358-(79/188)TR, and 7142-(82/85)TR
    8641-(87/101)G/S/TR, see 8165-(85/189)G/TR
    8642-(87/101)S/TR330
    8643-(87/102)A92
    8648-(87/104)92, 97
    8651-(87/105)SAF,
    see 8240-(86/56)SAF
    8652-(87/105)SAF
    see 8238-(86/56)SAF
    8674-(87/117)SBS389
    8733-(87/159)244
    8744-(87/166), see 7599-(84/3)
    8757-(87/176)SAF/ESAF223
    8758-(87/176)SAF see 8238-(86/56)SAF
    8759-(87/176) ESAF, as amended by 9115-(89/40) ESAF23
    8760-(87/176)225
    8780-(88/12)191
    8781-(88/12)190
    8831-(88/56)ESAFA3
    8832-(88/56)ESAFA8
    8833-(88/56)ESAFA17
    8834-(88/56)ESAEA21
    8835-(88/56)A21
    8845-(88/61)ESAF45
    8846-(88/61)ESAF46
    8856-(88/64) see 5392-(77/63)
    8857-(88/64)16
    8858-(88/64)18
    8861-(88/67), as amended by 8880-(88/84)193
    8878-(88/84)189
    8879-(88/84)190
    8880-(88/84),
    see 8861-(88/67)
    8885-(88/89), see 4377-(74/114) and 6783-(81/40)
    8886-(88/89)79
    8887-(88/89), see 7925-(85/38)
    8892-(88/90)ESAFA27
    8893-(88/90)ESAFA32
    8894-(88/90)ESAFA37
    8895-(88/90)ESAFA41
    8897-(88/93)272
    8898-(88/90)178
    8923-(88/110)G/TR, see 8165-(85/189)G/TR
    8933-(88/117)ESAFA48
    8935-(88/118)SAF, see 8240-(86/56)SAF
    8936-(88/118)196
    8937-(88/118)ESAF/S344
    8941-(88/122)SBS see also 6683-(80/185)G/TR389
    8955-(88/126), as amended by 9101-(89/30)112, 355
    9016-(88/164)ESAFA54
    9028-(88/171), see 7600-(84/3), 7599-(84/3)
    9028-(88/171)79
    9030-(88/173)ESAFA57
    9056-(89/2)ESAF46
    9060-(89/5)ESAF 9101-(89/30), see 8955-(88/126)A67
    9114-(89/40)SAF/ESAF225
    9115-(89/40)ESAF, see 8759-(87/176)ESAF225
    9116-(89/40)ESAF
    9117-(89/40)SAF, see 8240-(86/56)SAF
    9118-(89/40)SAF, see 8238-(86/56)SAF
    9119-(89/40)ESAF45
    9120-(89/40)ESAFA63
    9135-(89/46)197

    List of Board of Governors’ Resolutions

    NumberPage
    IM-6397
    6-8398
    24-12445
    29-7399
    29-8400
    29-9403
    29-10408
    31-2417
    34-2426
    34-3455
    38-1435
    43-1441
    44-1444

    Interpretations Under Article XXIX(a)

    Page
    Interpretation of Articles of Agreement (71-2)51
    Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)289
    Interpretation of Article IX, Section 7 (534-3)316
    Interpretation of Article XII, Sections 3(b)(i) and 3(f) (2-1)318
    Interpretation of Article XXVI, Section 2* (343-(54/47))354

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

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