Front Matter

Front Matter

Author(s):
International Monetary Fund. Legal Dept.
Published Date:
August 2017
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    SELECTED DECISIONS

    AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

    THIRTY-NINTH ISSUE

    WASHINGTON, DC

    MARCH 31, 2017

    © 2017 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: 978-1-47559-599-4 (paper)

    ISBN-13: 978-1-48430-657-4 (web PDF)

    Please send orders to:

    International Monetary Fund, Publication Services

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

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    Preface

    This volume is the Thirty-Ninth 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issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions.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.

    The Thirty-Ninth Issue may be accessed online at the Fund’s external website (through the site index of www.imf.org) and at the IMF eLibrary (www.elibrary.imf.org).

    Sean Hagan

    The General Counsel

    Director of the Legal Department

    Contents

    List of Decisions by Number

    NumberPage
    1946–1951
    71-2313, 541
    117-1814
    170-317
    180-5759
    237-2608
    284-3491
    284-4314
    286-1491
    287-3313
    408-21
    446-4597
    534-3717
    1952-2007
    144-(52/51)599
    201-(53/29)602
    433-(55/42)600
    541-(56/39)542
    649-(57/33)616
    955-(59/45)603
    1034-(60/27)605
    1238-(61/43)313, 541
    1289-(62/1)554
    3153-(70/95)434, 606
    4134-(74/4)608
    4239-(74/67)499
    4377-(74/114)380
    5392-(77/63)92
    5590-(77/163)516
    5702-(78/39)501
    5703-(78/39)497
    5712-(78/41)21
    6000-(79/1) S836
    6001-(79/1) S838
    6053-(79/34) S839
    6054-(79/34) S841
    6056-(79/138)77, 322
    6172-(79/101)495
    6209-(79/124) S846
    6230-(79/140)329, 337
    6266-(79/156)17
    6273-(79/158) G/S484, 846
    6274-(79/158)484, 485
    6275-(79/158) G/S484
    6336-(79/178) S843
    6337-(79/178) S844
    6352-(79/183)484
    6358-(79/188) TR887
    6437-(80/37) S845
    6467-(80/71) S826
    6484-(80/77) S827
    6486-(80/77) S827
    6487-(80/77) S827
    6488-(80/77) S827
    6489-(80/77) S827
    6540-(80/98) TR888
    6609-(80/126) S827
    6663-(80/160) S492
    6683-(80/185) G/TR896, 897
    6704-(80/185) TR518, 889
    6709-(80/189) S823
    6718-(81/1) S827
    6774-(81/35)489
    6790-(81/43)617
    6793-(81/45)890
    6830-(81/65)380, 885
    6831-(81/65)498
    6832-(81/65) S851
    6844-(81/75)585
    6845-(81/75)586
    6854-(81/78) SBS897
    6908-(81/101) S827
    7060-(82/23)885
    7064-(82/26) S827
    7086-(82/42) S827
    7116-(82/68) S852
    7142-(82/85) TR887
    7229-(82/136) S827
    7337-(83/37)554
    7427-(83/83)92
    7582-(83/174) S827
    7628-(84/25)559
    7629-(84/25)559
    7707-(84/79) S827
    7842-(84/165)177, 339
    354, 355
    383, 387
    7908-(85/26)856
    7925-(85/38)322, 324, 400
    7930-(85/41)502
    7989-(85/81) SBS898
    8165-(85/189) G/TR504
    8185-(86/9) SBS/S898
    8186-(86/9) SBS/S828
    8222-(86/45)97
    8237-(86/56) SAF536
    8238-(86/56) SAF517
    8239-(86/56) SAF829
    8240-(86/56) SAF526
    8241-(86/56) SAF534
    8271-(86/74)505
    8433-(86/175)502
    8642-(87/101) S/TR828
    8648-(87/104)619
    8733-(87/159)554
    8757-(87/176) SAF/ESAF535
    8759-(87/176) ESAF166
    8760-(87/176)536
    8845-(88/61) ESAF165
    8846-(88/61) ESAF165
    8937-(88/118) ESAF/S829
    8955-(88/126)497
    9605-(90/170)768
    9862-(91/156)589
    10175-(92/129)554
    10176-(92/129)554
    10182-(82/132)380
    10286-(93/23) ESAF539
    10305-(93/32)810
    10365-(93/67)98
    10464-(93/130)380, 395
    10531-(93/170) SAF535
    10749-(94/67)600
    10942-(95/33)146
    10968-(95/43)744
    11248-(96/38)337
    11381-(96/105)956, 965
    11428-(97/6)577
    11429-(97/6)584
    11436-(97/10)805
    11492-(97/45)242
    11609-(97/112)554
    11627-(97/123) SRF347
    11698-(98/38) ESAF262
    11832-(98/119) ESAF167, 227
    11837-(98/121)487
    11846-(98/125)54
    11857-(98/130)886
    11861-(98/131) ESAF242
    11945-(99/49)507
    11976-(99/59) S850
    12062-(99/130)830
    12067-(99/108)350
    12087-(99/118) PRGF228, 242
    12152-(00/21)517
    12189-(00/45)510
    12239-(00/71)759
    12249-(00/77)354, 357
    12250-(00/77)355
    12251-(00/77)355
    12252-(00/77)167
    12253-(00/77)356
    12254-(00/77)229
    12278-(00/86)389
    12329-(00/113)827
    12346-(00/117)500
    12424-(01/13)715
    12546-(01/84)869
    12548-(01/84)356
    12559-(01/85) PRGF230
    12661-(02/6)93
    12662-(02/6)131
    12663-(02/6)812
    12696-(02/27)242, 251, 252
    12697-(02/27) ESAF260, 262
    12864-(02/102)322
    12865-(02/102)372
    12879-(02/113)554
    12881-(02/113)577
    12884-(02/114)140
    12899-(02/119)56
    12925-(03/1)744
    13004-(03/39)230
    13005-(03/39)898
    13183-(04/10)628
    13229-(04/33)433
    13454-(05/26)480
    13561-(05/85)163
    13564-(05/85)354
    13589-(05/99)262
    13590-(05/99) ESF167, 242
    13654-(06/1)58
    13655-(06/1)59
    13656-(06/1)61
    13707-(06/40)512
    13710-(06/40) IA769
    13774-(06/78)167
    13775-(06/78)242
    13797-(06/88)242, 259
    13814-(06/98)138, 163, 322, 366, 433, 447, 500, 620, 628, 632
    13849-(06/108)354
    13911-(07/35)510
    13919-(07/51)25, 417
    13996-(07/100)577
    13997-(07/100)554
    14003-(07/107)413
    14036-(08/1)447, 632
    14039-(08/3)242
    14059-(08/15)58
    14060-(08/15)59
    14061-(08/15)61
    14062-(08/15)56
    14064-(08/18)399, 449, 451
    14065-(08/18)229
    14093-(08/32)540
    14107-(08/38)628
    14153-(08/82)163, 167
    14184-(08/93)347, 451, 480
    14235-(09/1)163, 447
    14253-(09/8)163, 167, 280
    14260-(09/11)93
    14280-(09/29)343
    14281-(09/29)324
    14282-(09/29)347
    14283-(09/29)372, 393,

    400, 407
    14284-(09/29)451, 480
    14285-(09/29)500
    14287-(09/29)167, 380,
    497, 498
    14294-(09/31)150
    14317-(09/41)164
    14354-(09/79)163, 166,

    167, 189,

    227, 229,

    242, 243,

    356, 433,

    512, 628
    14367-(09/65)589
    14379-(09/67)595
    14407-(09/105)340, 380
    14487-(09/125)129
    14496-(09/126)510
    14498-(09/126)713
    14517-(10/1)744
    14521-(10/3)299, 532
    14522-(10/3)526
    14577-(10/35)562, 577
    14593-(10/41)167, 226
    14649-(10/64)295
    14650-(10/64)294, 312
    14714-(10/83)393
    14715-(10/83)399, 400
    14716-(10/83)451
    14721-(10/80)577
    14725-(10/84)883
    14728-(10/85)639
    14736-(10/92)89, 91, 108
    14747-(10/96)89, 91
    14766-(10/115)96, 418, 713
    14860-(11/23)3
    15014-(11/110)568, 577
    15015-(11/112)422
    15017-(11/112)89, 322,

    324, 400,

    408, 451
    15018-(11/112)242
    15019-(11/112)400
    15031-(11/115)242
    15035-(11/116)167
    15072-(12/1)577
    15073-(12/1)568, 581
    15092-(12/19)234, 498
    15105-(12/17)532
    15106-(12/21)91
    15113-(12/24)380
    15141-(12/39)512
    15176-(12/58)589
    15203-(12/72)25, 108
    15207-(12/74)96
    15211-(12/76)715
    15224-(12/82)526
    15225-(12/83)863
    15226-(12/83)167
    15228-(12/95)238
    15256-(12/96)639
    15257-(12/96)685
    15262-(12/105)551
    15303-(13/1)167
    15314-(13/6)771
    15320-(13/10)340
    15333-(13/23)758
    15350-(13/32)532
    15351-(13/32)526
    15352-(13/32)167
    15354-(13/32)163
    15355-(13/32)418
    15356-(13/32)280
    15420-(13/61)712, 713, 805
    15462-(13/97)337
    15481-(13/103)167, 173, 414, 418
    15482-(13/103)167, 180
    15494-(13/103)91
    15495-(13/111)108, 113
    15547-(14/19)713
    15564-(14/29)685
    15576-(14/36)167
    15578-(14/37)854
    15579-(14/37)289
    15580-(14/37)897
    15593-(14/46)393
    15594-(14/46)400
    15595-(14/46)422
    15596-(14/46)408
    15676-(14/94)510
    15688-(14/107)163, 329
    15692-(14/109)168
    15706-(14/112)3
    15708-(15/12)286, 287, 291, 295, 297
    15763-(15/39)416, 418
    15764-(15/39)451
    15769-(15/41)897
    15781-(15/43)782
    15803-(15/62)168
    15804-(15/62)163
    15805-(15/62)805
    15806-(15/62)805
    15807-(15/62)280
    15810-(15/63)290
    15811-(15/63)286, 290
    15818-(15/66)168
    15819-(15/66)168, 177, 212
    15820-(15/66)422
    15821-(15/66)421, 422
    15826-(15/67)685
    15827-(15/67)692
    15830-(15/70)589
    15834-(15/73)532
    15835-(15/73)526
    15840-(15/77)234, 236
    15853-(15/80)883
    15857-(15/82)771
    15890-(15/109)818
    15891-(15/109)821
    15914-(16/7)9
    15931-(16/4)451
    15941-(16/14)449, 451
    15942-(16/14)400
    15943-(16/14)500
    15945-(16/14)89
    15946-(16/14)480
    15948-(16/15)371
    15950-(16/18)91
    15975-(16/33)312
    15976-(16/33)212
    15977-(16/33)781
    15978-(16/33)782
    15979-(16/33)782
    15980-(16/33)513
    16019-(16/61)480
    16033-(16/17)821
    16039-(16/75)238, 241
    16040-(16/75)771
    16042-(16/77)589
    16051-(16/86)168, 209
    16059-(16/91)168
    16060-(16/91)211
    16069-(16/95)823
    16072-(16/96)925
    16079-(16/99)574, 577, 583
    16123-(17/1)7
    16124-(17/1)7
    A-9786-(93/20)752
    A-11780718
    A-13207418

    List of Board of Governors’ Resolutions

    NumberPage
    IM-6901
    6-8902
    24-12832
    29-7903
    29-8903, 905
    29-9903, 909, 915
    29-10920
    34-2492
    34-3833
    48-4909
    54-9905
    63-24
    64-3834
    66-216
    67-2915

    Interpretations Under Article XXIX(a)

    Interpretations of Articles of Agreement (71-2) 313, 541, 604

    Unenforceability of Exchange Contracts: Fund’s

    Interpretation of Article VIII, Section 2(b) (446-4) 597

    Interpretation of Article IX, Section 7 (534-3) 717

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