Selected Decisions (12th Ed)
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 1986
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    Selected Decisions of the

    International Monetary Fund

    and Selected Documents

    Twelfth Issue

    International Monetary Fund

    Washington, D.C.

    April 30, 1986

    International Standard Serial Number: ISSN 0094-1735

    Preface

    This volume is the Twelfth 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 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 contains most of the decisions published in the Eleventh Issue that remain in effect, as well as new general decisions adopted after the publication of the Eleventh Issue. 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 given in a footnote.

    FRANCOIS P. GIANVITI

    Director

    Legal Department

    Contents

    List of Decisions by Number

    NumberPage
    2-1303
    71-223
    117-1306
    170-33
    180-5304
    237-2286
    284-3115
    286-1115
    287-323
    408-23
    446-4273
    534-3301
    574-2, as amended by 2620-(68/141)303
    597-4304
    102-(52/11)24
    144-(52/51)275
    201-(53/29)277
    270-(53/95), as amended by 876-(59/15) and 1151-(61/6)59
    343-(54/47)337
    433-(55/42)276
    541-(56/39)147
    649-(57/33)294
    876-(59/15), see 270-(53/95)
    955-(59/45)280
    1034-(60/27)281
    1151-(61/6), see 270-(53/95)
    1238-(61/43)23
    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)148
    1362-(62/32), see 1289-(62/1)
    1415-(62/47), see 1289-(62/1)
    1712-(64/29)168
    2620-(68/141), see 574-2
    2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)94
    2836-(69/87)338
    3153-(70/95)283
    3179-(70/102)95
    3351-(71/51)96
    4134-(74/4)285
    4239-(74/67)126
    4254-(74/75)298
    4377-(74/114), as amended by 6339-(79/179) and 6830-(81/65)32
    4421-(74/132), see 1289-(62/1)
    4720-(75/114)38
    4773-05/136), as amended by 5694-(78/35)371
    4913-(75/207), see 2772-(69/47)
    5069-(76/72)343
    5127-(76/91)96
    5220-(76/144)36
    5288-(76/167)172
    5306-(77/2)181
    5331-(77/15)180
    5371-(77/51)339
    5387-(77/61)176
    5392-(77/63)9
    5488-(77/116)181
    5508-(77/127)38, 339
    5509-(77/127)187
    5563-(77/150)TR352
    5590-(77/163)130
    5591-(77/163)338
    5597-(77/171)99
    5694-(78/35), see 4773-(75/136)
    5702-(78/39)G/S, as amended by 7096-(82/57)G/S126
    5703-(78/39), as amended by 6862-(81/81)121
    5704-(78/39)117
    5706-(78/39)71
    5709-(78/41)TR354
    5712-(78/41)8
    5719-(78/46)342
    5792-(78/79), see 1289-(62/1)
    5809-(78/88)123
    5832-(78/95)TR355
    5956-(78/180)S316
    5972-(78/189)353
    5973-(78/189)TR353
    6000-(79/1)S, as amended by 6438-(80/37)S317
    6001-(79/1)S318
    6006-(79/3)195
    6008-(79/3)196
    6026-(79/13)14
    6053-(79/34)S, as amended by 6438-(80/37)S320
    6054-(79/34)S, as amended by 6438-(80/37)S322
    6056-(79/38)26
    6163-(79/96)196
    6172-(79/101)119
    6201-(79/121)TR355
    6202-(79/121)TR356
    6209-(79/124)S329
    6224-(79/135), as amended by 7602-(84/3)82
    6230-(79/140)29
    6241-(79/144), see 1289-(62/1)
    6266-(79/156)4
    6273-(79/158)G/S104
    6274-(79/158)105
    6275-(79/158)G/S107
    6336-(79/178)S324
    6337-(79/178)S326
    6339-(79/179), see 4377-(74/114)
    6352-((79/183)108
    6358-(79/188)TR357
    6368-(79/191)S316
    6437-(80/37)S327
    6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
    6445-(80/43)44
    6466-(80/68)TR356
    6467-(80/71)S311
    6484-(80/77)S313
    6485-(80/77)S315
    6486-(80/77)S314
    6487-(80/77)S314
    6488-(80/77)S314
    6489-(80/77)S314
    6540-(80/98)TR359
    6609-(80/126)S314
    6631-(80/145)G/S307
    6663-(80/160)S116
    6676-(80/168)TR357
    6683-(80/185)G/TR362
    6693-(80/177)45
    6704-(80/185)TR360
    6709-(80/189)S310
    6718-(81/1)S314
    6725-(81/5)45
    6772-(81/35)G/S110
    6774-(81/35)112
    6783-(81/40)46, 340
    6790-(81/43)295
    6793-(81/45)362
    6830-(81/65), see also 4377-(74/114)72, 340
    6831-(81/65), as amended by 7059-(82/23)124
    6832-(81/65)S333
    6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)61
    6843-(81/75)198
    6844-(81/75)269
    6845-(81/75)270
    6854-(81/78)SBS369
    6860-(81/81), as amended by 7602-(84/3) and 7967-(85/69)88
    6862-(81/81), see 5703-(78/39)
    6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112)242
    6864-(81/81)245
    6870-(81/83), see 6863-(81/81)
    6908-(81/101)S314
    6925-(81/112), see 6863-(81/81)
    7040-(82/7), as amended by 7589-(83/181)271
    7041-(82/8)G/S334
    7047-(82/13)72
    7048-(82/13)74
    7059-(82/23), see 6831-(81/65)
    7060-(82/23)341
    7064-(82/26)S315
    7086-(82/42)S315
    7096-(82/57)G/S, see 5702-(78/39)G/S
    7116-(82/68)S335
    7142-(82/85)TR358
    7188-(82/114)227
    7229-(82/136)S315
    7246-(82/147)102
    7247-(82/147)97
    7337-(83/37), see 1289-(62/1)
    7403-(83/73)182
    7420-(83/82)374
    7427-(83/83)17
    7484-(83/117)374
    7490-(83/105)93
    7528-(83/140)87
    7558-(83/156)36
    7582-(83/174)S315
    7589-(83/181)271
    7599-(84/3), as amended by 7841-(84/165) and 8147-(85/177)49
    7600-(84/3), as amended by 7841-(84/165) and 8147-(85/177)50
    7601-(84/3)51
    7602-(84/3)83, 91, 92, 93, 94
    7626-(84/23)S111
    7628-(84/25)165
    7629-(84/25)166
    7645-(84/40)15
    7646-(84/40)16
    7677-(84/64)228, 254
    7688-(84/70), see 6838-(81/70)
    7704-(84/78)125
    7707-(84/79)S315
    7754-(84/108)SBS370
    7841-(84/165), see 7599-(84/3) and 7600-(84/3)
    7842-(84/165)77
    7857-(84/175)37
    7908-(85/26)75
    7925-(85/38)80
    7930-(85/41)127
    7931-(85/41)305
    7939-(85/49)16
    7941-(85/50)S111
    7955-(85/60)266
    7967-(85/69), see 6860-(81/81)
    7989-(85/81)SBS369
    7990-(85/81)132
    7999-(85/90)305
    8029-(85/105)132
    8037-(85/110)SBS371
    8147-(85/177), see 7599-(84/3) and 7600-(84/3)
    8160-(85/186)GS309
    8165-(85/189)G/TR127, 358
    8184-(86/9)SBS369
    8185-(86/9)SBS/S370
    8186-(86/9)SBS/S327
    8192-(86/13)37
    8222-(86/45)19
    8237-(86/56)SAF132
    8238-(86/56)SAF133
    8239-(86/56)SAF328
    8240-(86/56)SAF137
    8241-(86/56)SAF138
    8248-(86/60)16
    8249-(86/60)17
    8265-(86/70)S112
    8271-(86/74)129

    Interpretations Under Article XXIX(a)

    Interpretation of Articles of Agreement (71-2)

    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))

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