3. The Compulsory Withdrawal of Czechoslovakia

International Monetary Fund

Author: International Monetary Fund

Language:: English

Keywords:: PAM; board of governors action; exchange control regulation; exchange resource; Karlsruhe court; exchange contract; resources of the fund; withdrawal of Czechoslovakia; Czechoslovakia from the fund; Securities

Abstract

On November 4, 1953, the Executive Directors found that Czechoslovakia had failed to fulfill its obligations under the Articles in not furnishing to the Fund the minimum information necessary for the effective discharge of the Fund’s duties, as prescribed in Article VIII, Section 5(a),18 and in not consulting with the Fund in accordance with Article XIV, Section 4.19 Therefore, the Fund declared Czechoslovakia ineligible to use the Fund’s resources under Article XV, Section 2(a):

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Interpretation by the Fund

Author: International Monetary Fund

ISBN:: 9781451939118

ISSN:: 0538-8759

Publication Date:: 01 Jan 1968

Publisher:: International Monetary Fund

DOI:: https://doi.org/10.5089/9781451939118.054

Pages:: 76

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