Front Matter

Author(s):
International Monetary Fund. Legal Dept.
Published Date:
December 2014
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    SELECTED DECISIONS

    AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

    THIRTY-SEVENTH ISSUE

    WASHINGTON, DC

    DECEMBER 31, 2013

    © 2014 International Monetary Fund

    Cataloging-in-Publication Data

    Joint Bank-Fund Library

    International Monetary Fund.

    Selected decisions and selected documents of the International Monetary Fund.— Washington, D.C.: International Monetary Fund, 1962-

    • v. cm.

    • Annual

    • 1st (1962)-

    • ISSN 0094-1735

    1. International Monetary Fund—Periodicals. 2. International finance—Periodicals.

    HG3881.5.I58 I59

    ISBN-13: 978-1-49830-285-2 (paper)

    ISBN-13: 978-1-49831-875-4 (web PDF)

    Please send orders to:

    International Monetary Fund, Publication Services

    P.O. Box 92780, Washington, D.C. 20009, U.S.A.

    Telephone: (202) 623-7430 Fax: (202) 623-7201

    E-mail: publications@imf.org

    Internet: www.elibrary.imf.org

    www.imfbookstore.org

    Preface

    This volume is the Thirty-Seventh Issue of Selected Decisions and Selected Documents of the International Monetary Fund. It includes 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, it includes certain documents relating to the Fund, the United Nations, and other international organizations.

    As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions.

    Wherever reference is made in these decisions and documents to a provision of the Fund’s Articles of Agreement or Rules and Regulations that has 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.

    A compact disc (CD) containing the texts of the Thirty-Seventh Issue, the Articles of Agreement, and By-Laws, Rules and Regulations is available from the Fund.

    Sean Hagan

    The General Counsel

    Director of the Legal Department

    Contents

    List of Decisions by Number

    NumberPage
    1946–1951
    2-1799
    71-2351, 563
    117-1857
    170-319
    180-5800
    237-2626
    284-3514
    284-4352
    286-1514
    287-3351
    363-1756
    408-23
    446-4614
    534-3752
    574-2800
    597-4800
    1952–2007
    144-(52/51)616
    201-(53/29)619
    433-(55/42)617
    541-(56/39)564
    649-(57/33)634
    955-(59/45)620
    1034-(60/27)622
    1238-(61/43)351, 563
    1289-(62/1)576
    3153-(70/95)460, 623
    4134-(74/4)625
    4239-(74/67)522
    4377-(74/114)408
    5392-(77/63)105
    5590-(77/163)539
    5702-(78/39)525
    5703-(78/39)520
    5712-(78/41)23
    6000-(79/1) S875
    6001-(79/1) S877
    6053-(79/34) S878
    6054-(79/34) S880
    6056-(79/138)95, 359
    6172-(79/101)518
    6209-(79/124) S885
    6230-(79/140)395, 403
    6266-(79/156)19
    6273-(79/158) G/S507, 885
    6274-(79/158)507
    6275-(79/158) G/S507
    6336-(79/178) S882
    6337-(79/178) S883
    6352-(79/183)507
    6358-(79/188) TR925
    6437-(80/37) S884
    6467-(80/71) S865
    6484-(80/77) S866
    6486-(80/77) S866
    6487-(80/77) S866
    6488-(80/77) S866
    6489-(80/77) S866
    6540-(80/98) TR926
    6609-(80/126) S866
    6663-(80/160) S515
    6683-(80/185) G/TR934, 935
    6704-(80/185) TR541, 927
    6709-(80/189) S862
    6718-(81/1) S866
    6774-(81/35)512
    6790-(81/43)634
    6793-(81/45)928
    6830-(81/65)923
    6831-(81/65)521
    6832-(81/65) S890
    6844-(81/75)605
    6845-(81/75)606
    6854-(81/78) SBS935
    6908-(81/101) S866
    7060-(82/23)923
    7064-(82/26) S866
    7086-(82/42) S866
    7116-(82/68) S891
    7142-(82/85) TR925
    7229-(82/136) S866
    7337-(83/37)573
    7427-(83/83)104
    7582-(83/174) S866
    7628-(84/25)581
    7629-(84/25)581
    7707-(84/79) S866
    7842-(84/165)208, 374
    375, 409
    414, 418
    7908-(85/26)894
    7925-(85/38)395, 442
    7930-(85/41)525
    7989-(85/81) SBS935
    8160-(85/186) G/S861
    8165-(85/189) G/TR527
    8185-(86/9) SBS/S936
    8186-(86/9) SBS/S867
    8222-(86/45)116
    8237-(86/56) SAF558
    8238-(86/56) SAF540
    8239-(86/56) SAF868
    8240-(86/56) SAF547
    8241-(86/56) SAF555
    8271-(86/74)528
    8433-(86/175)525
    8642-(87/101) S/TR867
    8648-(87/104)636
    8733-(87/159)577
    8757-(87/176) SAF/ESAF556
    8759-(87/176) ESAF199
    8760-(87/176)558
    8845-(88/61) ESAF198
    8846-(88/61) ESAF198
    8937-(88/118) ESAF/S868
    8955-(88/126)520
    9605-(90/170)810
    9862-(91/156)609
    10175-(92/129)577
    10176-(92/129)577
    10182-(82/132)408
    10286-(93/23) ESAF561
    10305-(93/32)851
    10365-(93/67)117
    10464-(93/130)411, 894
    10531-(93/170) SAF559
    10749-(94/67)617
    10942-(95/33)179
    10968-(95/43)787
    11248-(96/38)403
    11381-(96/105)994, 1003
    11428-(97/6)599
    11429-(97/6)605
    11436-(97/10)269
    11492-(97/45)269
    11493-(97/45)855
    11609-(97/112)577
    11627-(97/123) SRF367
    11698-(98/38) ESAF290
    11832-(98/119) ESAF258
    11837-(98/121)510
    11846-(98/125)64
    11857-(98/130)924
    11861-(98/131) ESAF269
    11945-(99/49)531
    11976-(99/59) S889
    12061-(99/130)338
    12062-(99/130)869
    12067-(99/108)370
    12087-(99/118) PRGF260
    12152-(00/21)540
    12189-(00/45)533
    12239-(00/71)800
    12249-(00/77)374, 376
    12250-(00/77)375
    12251-(00/77)375
    12252-(00/77)376
    12253-(00/77)376
    12254-(00/77)261
    12278-(00/86)420
    12281-(00/98)860
    12329-(00/113)866
    12341-(00/117)330
    12346-(00/117)524
    12424-(01/13)750
    12481-(01/45)331
    12482-(01/45) S337
    12546-(01/84)907, 913
    12548-(01/84)376
    12559-(01/85) PRGF262
    12661-(02/6)107
    12662-(02/6)157
    12663-(02/6)855
    12696-(02/27)279, 280
    12697-(02/27) ESAF287, 290
    12864-(02/102)360
    12865-(02/102)389
    12879-(02/113)577
    12881-(02/113)599
    12884-(02/114)172
    12899-(02/119)67
    12925-(03/1)787
    13004-(03/39)261
    13005-(03/39)936
    13183-(04/10)645
    13229-(04/33)505
    13454-(05/26)498
    13561-(05/85)195
    13564-(05/85)747
    13588-(05/99) MDRI316
    13589-(05/99)290
    13590-(05/99) ESF199
    13595-(05/99) G/S860
    13654-(06/1)68
    13655-(06/1)70
    13656-(06/1)71
    13707-(06/40)536
    13710-(06/40) IA811
    13711-(06/40)811
    13774-(06/78)199
    13775-(06/78)270
    13797-(06/88)270, 287
    13814-(06/98135
    176, 195
    360, 386
    505, 645
    13849-(06/108)374
    13911-(07/35)533
    13919-(07/51)27
    13941-(07/56)108
    13996-(07/100)599
    13997-(07/100)577
    14003-(07/107)428
    14036-(08/1)468
    14039-(08/3)270
    14059-(08/15)67
    14060-(08/15)70
    14061-(08/15)71
    14062-(08/15)67
    14064-(08/180472
    14065-(08/18)261
    14093-(08/32)561
    14107-(08/38)645
    14131-(08/65)800
    14153-(08/82)195, 199
    14184-(08/93)472
    14235-(09/1)176, 195
    468
    14253-(09/8)195, 310
    14260-(09/11)108
    14280-(09/29)363
    14281-(09/29)395
    14282-(09/29)367
    14283-(09/29)389, 424
    14284-(09/29)472, 498
    14285-(09/29)524
    14287-(09/29)199, 408
    14294-(09/31)183
    14317-(09/41)196
    14354-(09/79)195, 198
    199
    261, 270
    331, 376, 505
    645
    14367-(09/65)609
    14379-(09/67)612
    14407-(09/105)410
    14416-(09/91)395
    14436-(09/102)58
    14487-(09/125)149
    14496-(09/126)533
    14498-(09/126)748
    14517-(10/1)787
    14521-(10/3)331, 554
    14522-(10/3)547
    14577-(10/35)599
    14593-(10/41)199, 257
    14649-(10/64)323, 341
    14650-(10/64)350
    14714-(10/83)424
    14715-(10/83)442
    14716-(10/83)472
    14717-(10/83)424
    14721-(10/80)599
    14725-(10/84)922
    14728-(10/85)656
    14736-(10/92)142
    14747-(10/96)113
    14766-(10/115)111, 748
    14769-(10/110) G/S861
    14821-(11/1)859
    14860-(11/23)5
    14896-(11/37)562
    15014-(11/110)590, 599
    15015-(11/112)436
    15017-(11/112)113, 395, 442
    472
    15018-(11/112)270
    15019-(11/112)443
    15031-(11/115)270
    15035-(11/116)200, 215
    251
    15072-(12/1)599
    15073-(12/1)591, 603
    15092-(12/19)243, 521
    15105-(12/17)554
    15106-(12/21)115
    15113-(12/24)408, 411
    15141-(12/39)536
    15145-(12/39)820
    15148-(12/39)536
    15176-(12/58)609
    15203-(12/72)27
    15207-(12/74)111
    15211-(12/76)750
    15224-(12/82)548
    15225-(12/83)901
    15226-(12/83)200
    15228-(12/95)247, 820
    15256-(12/96)656
    15257-(12/96)702
    15262-(12/105)574
    15303-(13/1)200, 214
    331
    15314-(13/6)811
    15320-(13/10)410
    15333-(13/23)88
    15343-(13/29)604
    15350-(13/32)554
    15351-(13/32)548
    15352-(13/32)200
    15353-(13/32)209
    15354-(13/32)195
    15355-(13/32)434
    15356-(13/32)310
    15374-(13/37)893
    15375-(13/37)330
    15376-(13/37)935
    15377-(13/37)250
    15378-(13/37)821
    15379-(13/37)821
    15380-(13/37)822
    15381-(13/37)536
    15413-(13/60)5
    15420-(13/61)845
    15462-(13/97)395, 399
    15481-(13/103)200, 204
    429, 434
    15482-(13/103)200
    A-9786-(93/20)795
    A-11780753
    A-12833-(07/55)807
    A-13207434

    List of Board of Governors’ Resolutions

    NumberPage
    IM-6939
    6-8940
    7799
    24-12871
    29-7942
    29-8943
    29-9947
    29-10954
    34-2515
    34-3872
    48-4947
    54-92943
    63-26
    64-3873
    66-218
    67-2947, 953

    Interpretations Under Article XXIX(a)

    Interpretations 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)

      Other Resources Citing This Publication