Abstract
The Fund has adopted no more than ten interpretations under Article XVIII. Special circumstances have been responsible for the resort to Article XVIII in these cases. For one reason or another, a member wanted, or the Fund thought it appropriate to give, finality and maximum solemnity to these interpretations. It should be noted that the procedure of Article XVIII can be employed for resolving a problem even though it does not involve a dispute. It is sufficient that a question of interpreting the provisions of the Agreement has arisen between the Fund and a member or between members. Thus, the procedure is available, not merely for the settlement of disputes, but also for the resolution of doubts.
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