Selected Decisions, 15th Edition
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 1990
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    SELECTED DECISIONS

    AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

    FIFTEENTH ISSUE WASHINGTON, DC APRIL 30, 1990

    International Standard Serial Number: ISSN 0094-1735

    Preface

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

    The Fourteenth Issue had an accompanying Annex containing bilateral borrowing agreements entered into by the Fund, 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 Annex volume, published in 1989, may still be used as an Annex to the Fifteenth Issue, as there have been no new bilateral borrowing agreements entered into by the Fund since its publication last year. However, bilateral borrowing agreements entered into by the Fund in connection with the General Arrangements to Borrow are included in this volume.

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

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

    The General Counsel

    Francois P. Gianviti

    Contents

    List Of Decisions By Number

    NumberPage
    2-1347
    71-251
    117-1350
    170-33
    180-5348
    237-2331
    284-3190
    284-452
    286-1190
    287-351
    408-23
    446-4318
    534-3345
    574-2, as amended by 2620-(68/141)347
    597-4348
    102-(52/11)52
    144-(52/51)320
    201-(53/29)322
    270-(53/95), as amended by 876-(59/15) and 1151-(6l/6)98
    343-(54/47)382
    433-(55/42)321
    54l-(56/39)258
    649-(57/33)338
    876-(59/15), see 270-(53/95)
    955-(59/45)325
    1034-(60/27)326
    1151-(61/6), see 270-(53/95)
    1238-(6l/43)51
    1289-(62/1), as amended by 1362-(62/32), 1415-(62/47), 4421-(74/132), 5792-(78/79), 624l-(79/144), and 7337-(83/37)259
    1362-(62/32), see 1289-(62/1)
    1415-(62/47), see 1289-(62/1)
    1712-(64/29)279
    2620-(68/141), see 574-2
    2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)165
    3153-(70/95)328
    3179-(70/102)165
    3351-(71/51)166
    4134-(74/4)330
    4239-(74/67)201
    4254-(74/75)342
    4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), and 8885-(88/89)70
    4421-(74/132), see 1289-(62/1)
    4720-(75/114)77
    4773-(75/136), as amended by 5694-(78/35)418
    4913-(75/207), see 2772-(69/47)
    5069-(76/72)387
    5127-(76/91)167
    5220-(76/144), as amended by 7558-(83/156), 7857-(84/175), 8192-(86/13), 8583-(87/72), and 9189-(89/77)74
    5288-(76/167)283
    5306-(77/2)294
    5331-(77/15)293
    5371-(77/51)383
    5387-(77/61)288
    5392-(77/63), as amended by 8564-(87/59) and 8856-(88/64)9
    5488-(77/116)294
    5508-(77/127)77,384
    5509-(77/127)303
    5563-(77/150)TR396
    5590-(77/163)228
    5591-(77/163)383
    5597-(77/171)169
    5694-(78/35), see 4773-(75/136)
    5702-(78/39)G/S as amended by 7096-(82/57)G/S201
    5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)196
    5704-(78/39)192
    5706-(78/39)110
    5709-(78/41)TR398
    5712-(78/41)8
    5719-(78/46)386
    5792-(78/79), see 1289-(62/1)
    5809-(78/88)199
    5832-(78/95)TR399
    5956-(78/180)S362
    5972-(78/189)397
    5973-(78/189)TR397
    6000-(79/1)S, as amended by 6438-(80/37)S363
    6001-(79/1)S364
    6006-(79/3)311
    6008-(79/3)311
    6026-(79/13)14
    6053-(79/34)S, as amended by 6438-(80/37)S366
    6054-(79/34)S, as amended by 6438-(80/37)S368
    6056-(79/38)54
    6163-(79/96)312
    6172-(79/101)194
    6201-(79/121)TR399
    6202-(79/121)TR400
    6209-(79/124)S374
    6230-(79/140)57
    624l-(79/144), see 1289-(62/1)
    6266-(79/156)4
    6273-(79/158)G/S179
    6274-(79/158)180
    6275-(79/158)G/S182
    6336-(79/178)S370
    6337-(79/178)S371
    6339-(79/179), see 4377-(74/114)
    6352-(79/183)183
    6358-(79/188)TR, as amended by 8640-(87/101)S/TR401
    6368-(79/191)S362
    6437-(80/37)S372
    6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
    6445-(80/43)83
    6466-(80/68)TR400
    6467-(80/71)S355
    6484-(80/77)S357
    6485-(80/77)S359
    6486-(80/77)S358
    6487-(80/77)S358
    6488-(80/77)S358
    6489-(80/77)S358
    6524-(80/88)279
    6540-(80/98)TR403
    6609-(80/126)S358
    6631-(80/145)G/S351
    6663-(80/160)S191
    6676-(80/168)T/R400
    6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 894l-(88/122)SBS405
    6693-(80/177)83
    6704-(80/185)TR230, 404
    6709-(80/189)S353
    6718-(81/1)S358
    6725-(81/5)84
    6772-(81/35)G/S185
    6774-(81/35)187
    6783-(81/40), as amended by 8885-(88/89)84, 385
    6790-(81/43)340
    6793-(81/45)405
    6830-(81/65), see also 4377-(74/114)110, 386
    6831-(81/65), as amended by 7059-(82/23)199
    6832-(81/65)S378
    6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)100
    6844-(81/75)313
    6845-(81/75)314
    6854-(81/78)SBS, as amended by 8184-(86/9)SBS412
    6862-(81/81), see 5703-(78/39)
    6870-(81/83), see 6863-(81/81)
    6908-(81/101)S358
    6925-(81/112), see 6863-(81/81)
    7040-(82/7), as amended by 7589-(83/181)315
    704l-(82/8)G/S379
    7047-(82/13)111
    7048-(82/13)113
    7059-(82/23), see 6831-(81/65)
    7060-(82/23)385
    7064-(82/26)S358
    7086-(82/42)S358
    7096-(82/57)G/S, see 5702-(78/39)G/S
    7116-(82/68)S380
    7142-(82/85)TR401
    7229-(82/136)S358
    7246-(82/147)172
    7247-(82/147)167
    7337-(83/37), see 1289-(62/1)
    7403-(83/73)294
    7420-(83/82)420
    7427-(83/83)18
    7484-(83-117)420
    7558-(83/156)74
    7582-(83/174)S358
    7589-(83/181), see 7040-(82/7)
    7599-(84/3), as amended by 784l-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), 9028-(88/171), and 9326-(89/167)88
    7600-(84/3), as amended by 784l-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), 9028-(88/171), and 9326-(89/167)89
    7602-(84/3), see 2772-(69/47)
    7626-(84/23)S186
    7628-(84/25)275
    7629-(84/25)277
    7645-(84/40)15
    7646-(84/40)16
    7688-(84/70), see 6838-(81/70)
    7704-(84/78)200
    7707-(84/79)S358
    7754-(84/108)SBS413
    784l-(84/165), see 7599-(84/3) and 7600-(84/3)
    7842-(84/165)128
    7857-(84/175)74
    7908-(85/26)114
    7925-(85/38), as amended by 8887-(88/89)131
    7931-(85/41)349
    7939-(85/49)17
    794l-(85/50)S186
    7989-(85/81)413
    7990-(85/81)230
    7999-(85/90)349
    8029-(85/105)231
    8037-(85/110)SBS414
    8147-(85/175), see 7599-(84/3) and 7600-(84/3)
    8160-(85/186)GS353
    8165-(85/189)G/TR, as amended by 8496-(87/3)G/TR, 864l-(87/101)G/TR, and 8923-(88/110)G/TR 204,402
    8184-(86/9)SBS, see 6854-(81/78)SBS
    8185-(86/9)SBS/S413
    8186-(86/9)SBS/S360
    8192-(86/13)75
    8222-(86/45)47
    8238-(86/56)SAF, as amended by
    8497-(87/3)SAF,
    8652-(87/105)SAF,
    8758-(87/176)SAF, and 9118-(89/40)SAF231
    8239-(86/56)SAF360
    8240-(86/56)SAF, as amended by 8651-(87/105)SAF, 8935-(88/118)SAF, and 9117-(89/40)SAF238
    824l-(86/56)SAF240
    8248-(86/60)16
    8249-(86/60)17
    8265-(86/70)S186
    8271-(86/74)206
    8318-(86/104)S358
    8348-(86/122), as amended by 8481-(86/202) and 8482-(86/202)207
    8433-(86/175)203
    8442-(86/178)206
    8459-(86/189), see 7599-(84/3) and 7600-(84/3)
    8481-(86/202) see 8348-(86/122)
    8482-(86/202), see 8348-(86/122)
    8492-(87/1)SBS414
    8496-(87/3)G/TR, see 8165-(85/189)G/TR
    8497-(87/3)SAF, see 8238-(86/56)
    8515-(87/23)213
    8523-(87/25)SBS see also 6683-(80/185)G/TR415
    8542-(87/36)SAF239
    8563-(87/59)17
    8564-(87/59), see 5392-(77/63)
    8574-(87/64)S187
    8583-(87/72)75
    8618-(87/90)214
    8619-(87/90)215
    8640-(87/101)S/TR, see 6358-(79/188)TR, and 7142-(82/85)TR
    864l-(87/101)G/S/TR, see 8165-(85/189)G/TR
    8642-(87/101)S/TR359
    8648-(87/104)103, 108
    8651-(87/105)SAF, see 8240-(86/56)SAF
    8652-(87/105)SAF see 8238-(86/56)SAF
    8674-(87/117)SBS416
    8733-(87/159)272
    8744-(87/166), see 7599-(84/3)
    8757-(87/176)SAF/ESAF252
    8758-(87/176)SAF see 8238-(86/56)SAF
    8759-(87/176)ESAF, as amended by 9115-(89/40)ESAF23
    8760-(87/176)254
    8780-(88/12)216
    8781-(88/12)215
    8845-(88/61)ESAF45
    8846-(88/61)ESAF46
    8856-(88/64) see 5392-(77/63)
    8857-(88/64)16
    8858-(88/64)18
    886l-(88/67), as amended by 8880-(88/84)217
    8878-(88/84)214
    8879-(88/84)215
    8880-(88/84), see 886l-(88/67)
    8885-(88/89), see 4377-(74/114) and
    6783-(81/40)
    8886-(88/89)90
    8887-(88/89), see 7925-(85/38)
    8897-(88/93)301
    8898-(88/90)202
    8923-(88/110)G/TR, see 8165-(85/189)G/TR
    8935-(88/118)SAF, see 8240-(86/56)SAF
    8936-(88/118)221
    8937-(88/118)ESAF/S361
    894l-(88/122)SBS see also 6683-(80/185) G/TR416
    8955-(88/126), as amended by 9101-(89/30), 9153-(89/59), and 9391-(90/43)133, 383
    9028-(88/71), see 7600-(84/3), 7599-(84/3)
    9056-(89/2)ESAF46
    9101-(89/30), see 8955-(88/126)
    9114-(89/40)SAF/ESAF254
    9115-(89/40)ESAF, see 8759-(87/176)ESAF
    9116-(89/40)ESAF254
    9117-(89/40)SAF, see 8240-(86/56)SAF
    9118-(89/40)SAF, see 8238-(86/56)SAF
    9119-(89/40)ESAF45
    9135-(89/46)221
    9186-(89/74)202
    9189-(89/77)76
    9222-(89/97)SBS417
    9331-(89/167)66
    9403-(90/53)173
    9410-(90/62)224

    Available in Annex to Fourteenth Issue

    NumberPage
    6843-(81/75)A76
    6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112)A130
    6864-(81/81)A133
    7188-(82/114)A109
    7677-(84/64)A110, 144
    7955-(85/60)A156
    8460-(86/189)A128
    8486-(86/205)A159
    8643-(87/102)A90
    8831-(88/56)ESAFA3
    8832-(88/56)ESAFA8
    8833-(88/56)ESAFA17
    8834-(88/56)ESAFA21
    8835-(88/56)A21
    8892-(88/90)ESAFA27
    8893-(88/90)ESAFA32
    8894-(88/90)ESAFA37
    8895-(88/90)ESAFA41
    8933-(88/117)ESAFA48
    9016-(88/164)ESAFA54
    9030-(88/173)ESAFA57
    9060-(89/5)ESAF A67
    9120-(89/40)ESAFA63

    List Of Board Of Governors’ Resolutions

    NumberPage
    IM-6425
    6-8426
    24-12479
    29-7428
    29-8428
    29-9431
    29-10436
    31-2445
    34-2448
    34-3481
    38-1459
    43-1468
    44-1470
    44-5473
    45-1477

    Interpretations Under Article XXIX(a)

    Interpretations of Articles of Agreement (72-1)

    Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)

    Interpretation of Article IX, Section 7 (534-3)

    Interpretation of Article XII, Sections 3(b)(i) and 3(f) (2-1)

    Interpretation of Article XXVI, Section 2* (343-(54/47))

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

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