Abstract

SELECTED DECISIONS AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

Title Page

SELECTED DECISIONS AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

FOURTEENTH ISSUE WASHINGTON, DC APRIL 30, 1989

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International Standard Serial Number: ISSN 0094-1735

Preface

This volume is the Fourteenth 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, and related documents, 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 has an accompanying Annex volume, which contains bilateral borrowing agreements entered into by the Fund, including agreements entered into for the financing of the ESAF Trust and associated lending, as well as related decisions adopted by April 30, 1989.

This issue, with the accompanying Annex, contains most of the decisions published in the Thirteenth Issue and its Supplement that remain in effect, as well as new general decisions adopted after the publication of the Supplement. 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 cited in a footnote.

The General Counsel

Francois P. Gianviti

Contents

  • Preface

  • Selected Decisions of the Executive Board

  • Selected Resolutions of the Board of Governors

  • Selected Documents

  • List of Decisions by Number

  • List of Board of Governors’ Resolutions

  • Interpretations Under Article XXIX (a)

  • Selected Decisions of the Executive Board and Related Documents

  • ARTICLE III

    • Quotas and Subscriptions

      • Adjustment of Quotas (408-2)

      • Gold and Currency Subscribed to the Fund and Accounting by Members for Transactions with the Fund (170-3)

      • Guidelines on Payment of Reserve Assets in Connection with Subscriptions (6266-(79/156))

  • ARTICLE IV

    • Exchange Arrangements

      • Notification of Exchange Arrangements Under Article IV, Section 2 (5712-(78/41))

      • Surveillance over Exchange Rate Policies (5392-(77/63), as amended by 8564-(87/59) and 8856-(88/64))

      • Surveillance: Procedures (6026-(79/13))

      • Surveillance over Exchange Rate Policies: Review (7645-(84/40), 8248-(86/60), 8857-(88/64))

      • Implementation of Procedures for Surveillance: Review (7646-(84/40), 7939-(85/49), 8249-(86/60), 8563-(87/59), 8858-(88/64))

      • Surveillance: Procedures—Implementation of Three-Month Period (7427-(83/83))

  • ARTICLE V, SECTION 2(b)

    • Financial and Technical Services

      • Establishment of the Enhanced Structural Adjustment Facility Trust (8759-(87/176) ESAF, as amended by 9115-(89/40)ESAF)

      • Enhanced Structural Adjustment Facility—Access Limits (8845-(88/61) ESAF and 9119-(89/40)ESAF)

      • Enhanced Structural Adjustment Facility—Interest Rate on Trust Loans (8846-(88/61) ESAF)

      • Enhanced Structural Adjustment Facility—Borrowing for Loan Account—Consultation with Creditors (9056-(89/2) ESAF)

      • Enhanced Surveillance: Procedures for Transmittal of Staff Reports (8222-(86/45))

  • ARTICLE V, SECTION 3(a), (b) AND (c)

    • Use of Fund’s Resources

      • Interpretation of Articles of Agreement (71-2)

      • Use of Fund’s Resources for Capital Transfers (1238-(61/43))

      • Use of Fund’s Resources: Meaning of “Consistent with the Provisions of this Agreement” in Article V, Section 3 (287-3)

      • Use of Fund’s Resources: Meaning of Article V, Section 3(b)(ii) (284-4)

      • Use of Fund’s Resources and Repurchases (102-(52/11))

      • General Policies on Use of the Fund’s Resources: Tranche Policies

      • Guidelines on Conditionality (6056-(79/38))

      • Guidelines on Performance Criteria with Respect to Foreign Borrowing (6230-(79/140))

      • Extended Fund Facility (4377-(74/114), as amended by (6339-(79/179), 6830-(81/65), and 8885-(88/89))

      • Extended Fund Facility: Review of Decision (5220-(76/144), 7558-(83/156), 7857-(84/175), 8192-(86/13), 8583-(87/72))

      • Charge for Extended Arrangements (4720-(75/114))

      • Supplementary Financing Facility (5508-(77/127))

      • Supplementary Financing Facility: Report on Use (6445-(80/43))

      • Review of Supplementary Financing Facility: Initial Disposition (6693-(80/177))

      • Review of the Supplementary Financing Facility (6725-(81/5))

      • Policy on Enlarged Access (6783-(81/40), as amended by (8885-(88/89))

      • Policy on Enlarged Access: Period and Annual Review (7599-(84/3), as amended by 7841-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), and 9028-(88/171))

      • Policy on Enlarged Access: Guidelines on Access Limits (7600-(84/3), as amended by 7841-(84/165), 8147-(88/177), 8459-(86/189), 8744-(87/166), and 9028-(88/171))

      • Policy on Enlarged Access: Use of Ordinary and Borrowed Resources (8886-(88/89))

      • Stand-By Arrangements (270-(53/95), as amended by 876-(59/15) and 1151-(61/6))

      • Forms of Stand-By and Extended Arrangements Under Enlarged Access Policy (6838-(81/70)), as amended by (7048-(82/13), 7688-(84/70), and 7908-(85/26))

      • Elimination of Augmentation of Rights to Purchase Under Stand-By and Extended Arrangements (5706-(78/39))

      • Exclusion of Credit Tranches and Extended Facility (6830-(81/65))

      • Amendment of Stand-By and Extended Arrangements to Utilize Supplementary Financing

        • a. Utilization of Supplementary Financing (7047-(82/13))

        • b. Forms of Stand-By and Extended Arrangements (7048-(82/13))

      • Overdue Payments to the Fund—Purchases from Fund (7908-(85/26))

      • Misreporting and Noncomplying Purchases Under Fund Arrangements—Guidelines on Corrective Action (7842-(84/165))

      • Relationship Between Performance Criteria and Phasing of Purchases Under Fund Arrangements—Operational Guidelines (7925-(85/38), as amended by 8887-(88/89))

      • Compensatory and Contingency Financing Facility—Establishment (8955-(88/126), as amended by 9101-(89/30))

      • Buffer Stock Financing Facility: The Problem of Stabilization of Prices of Primary Products (2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3))

      • Buffer Stock Financing Facility: Fourth International Tin Agreement (3179-(70/102), and 3351-(71/51))

      • Buffer Stock Financing Facility: Fifth International Tin Agreement (5127-(76/91))

      • Buffer Stock Financing Facility: Sixth International Tin Agreement (7247-(82/147))

      • Buffer Stock Financing Facility: 1977 International Sugar Agreement (5597-(77/171))

      • Buffer Stock Financing Facility: International Natural Rubber Agreement, 1979 (7246-(82/147))

      • Emergency Assistance—Natural Disasters (EBM/82/16)

  • ARTICLE V, SECTION 3(d) AND (f)

    • Use of Fund’s Resources

      • Use of Currencies and SDRs in the General Resources Account and Principles and Procedures for Designation

        • a. Assessment of Strength of Member’s Balance of Payments and Gross Reserve Position for the Purposes of Designation Plans, Operational Budgets and Repurchases Under Article V, Section 7(b) (6213-(79/158) G/S)

        • b. Specification of Currencies by the Fund (6274-(79/158))

        • c. Transfers of SDRs Under Article V, Section 3(f) (6275-(79/158) G/S)

      • Procedures for the Sale of Currencies at the Request of Members with Outstanding Purchases (6352-(79/183))

      • Sales of SDRs and Use of Currencies Through the Operational Budgets (6772-(81/35) G/S)

      • Sales of SDRs and Currencies in the General Resources Account: Level of Fund SDR Holdings (7626-(84/23) S, 7941-(85/50)S, 8265-(86/70)S, and 8574-(87/64)S)

      • Selection of Currencies by the Fund (6774-(81/35))

  • ARTICLE V, SECTION 5

    • Ineligibility to Use the Fund’s General Resources

      • Use of Fund’s Resources: Limitation and Ineligibility Under Article V, Section 5 (284-3)

      • Use of Fund’s Resources: Postponement and Limitation Under Article V, Section 5 (286-1)

  • ARTICLE V, SECTION 6

    • Sales of SDRs by the Fund (6663-(80/160) S)

  • ARTICLE V, SECTION 7

    • Repurchases

      • Early Repurchases (5704-(78/39))

      • Guidelines for Early Repurchase (6172-(79/101))

      • Repurchase (5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126), 5809-(78/88))

      • Attribution of Reductions in Fund’s Holdings of Currencies (6831-(81/65), as amended by 7059-(82/23), 7704-(84/78))

  • ARTICLE V, SECTION 8 AND 9

    • Charges and Remuneration

      • Charges: Future Changes in Charges on Fund’s Holdings of Members’ Currencies in Excess of Quota (4239-(74/67))

      • Charges: Media of Payment in General Resources Account (5702-(78/39) G/S, as amended by 7096-(82/57) G/S)

      • Charges: Rate of Charge as of May 1, 1986 (8349-(86/122))

      • Charges: Rate of Charge as of May 1, 1987 (8621-(87/90))

      • Charges: Rate of Charge as of May 1, 1988 (8898-(88/90))

      • Charges: Accounting for Charges from Members with Overdue Obligations (8433-(86/175))

      • Charges: Special Charges on Overdue Financial Obligations to the Fund (8165-(85/189)G/TR, as amended by 8496-(87/3)G/TR, 8641-(87/101)G/S/TR, and 8923-(88/110)G/TR)

      • Charges: Setoff in Connection with a Retroactive Reduction of Charges Due by Members in Arrears (8271-(86/74))

      • Charges: Special Charges on Overdue Repurchases—Setoff (8442-(86/178))

      • Income Position—Principles of “Burden Sharing,” Income Target for FY 1987 and FY 1988, Rate of Charge, and Rate of Remuneration (8348-(86/122), as amended by 8481-(86-202) and 8482-(86/202))

      • Income Position—Burden Sharing—Rate of Charge and Rate of Remuneration—Adjustment for Quarter Ended January 31, 1987 (8515-(87/23) and Adjustment for Quarter Ended April 30, 1988 (8878-(88/84))

      • Income Position—Principles of “Burden Sharing,” Income Target for FY 1987 and FY 1988, Rate of Charge, and Rate of Remuneration: Retroactive Reduction of Rate of Charge for FY 1987 (8618-(87/90) and Retroactive Reduction of Rate of Charge for FY 1988 (8781-(88/12), 8879-(88/84))

      • Special Contingent Account (8619-(87/90))

      • Special Contingent Account: Additions in FY 1988, and Disposition of Amounts Placed in FY 1987 and FY 1988 (8780-(88/12))

      • Principles of “Burden Sharing,” Rate of Charge, Amount for Special Contingent Account and Net Income Target, and Implementation of “Burden Sharing” for FY 1989 (8861-(88/67), as amended by 8880-(88/84); 8936-(88/118))

      • Income Position—Burden Sharing—Implementation in FY 1990 (9135-(89/46))

  • ARTICLE V, SECTIONS 10 AND 11

    • Rates for Computations and Maintenance of Value (5590-(77/163))

  • ARTICLE V, SECTION 12(f)

    • Special Disbursement Account

      • Special Disbursement Account: Investment (7990-(85/81))

      • Special Disbursement Account: Transitional Investment of Balances with the Federal Reserve Bank of New York (8029-(85/105))

      • Special Disbursement Account: Structural Adjustment Facility

        • II. Regulations for Administration (8238-(86/56) SAF, as amended by 8497-(87/3) SAF, 8652-(87/105) SAF, 8758-(87/176) SAF, and 9118-(89/40) SAF)

        • III. Use of SDRs in Operations

        • IV. List of Eligible Members and Amounts of Assistance (8240-(86/56) SAF, as amended by 8651-(87/105 SAF, 8935-(88/118) SAF, and 9117-(89/40) SAF)

        • V. Review of Operation of Facility (8241-(86/56) SAF)

      • Special Disbursement Account: Review of Structural Adjustment Facility and Establishment of the Enhanced Structural Adjustment Facility (8757-(87/176) SAF/ESAF, 9114-(89/40) SAF/ESAF)

      • Special Disbursement Account: Enhanced Structural Adjustment Facility—Extension of Commitment and Disbursement Periods for Agreements (9116-(89/40) ESAF)

      • Special Disbursement Account: Transfer of Resources from the Special Disbursement Account to the Enhanced Structural Adjustment Facility Trust and Retransfer to the Special Disbursement Account (8760-(87/176))

  • ARTICLE VI, SECTION 1

    • Use of Fund’s Resources for Capital Transfers

  • ARTICLE VI, SECTION 3

    • Controls on Capital Transfers (541-(56/39))

  • ARTICLE VII

    • Borrowing

      • General Arrangements to Borrow (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))

      • General Arrangements to Borrow: Transferability of Claims (7628-(84/25))

      • General Arrangements to Borrow: Transferability of Claims Under Saudi Arabia’s Borrowing Agreement (7629-(84/25))

      • General Arrangements to Borrow: Association of Switzerland (1712-(64/29))

      • Borrowing Agreement with Swiss National Bank, 1976 (5288-(76/167))

      • Borrowing Agreement with Swiss National Bank, 1977 (5387-(77/61))

      • Borrowing Agreement with Swiss National Bank: Media of Payment of Interest (5331-(77/15))

      • Borrowing Agreement with Swiss National Bank: Medium of Payment of Transfer Charges (5306-(77/2))

      • Borrowing Agreement with Swiss National Bank: Media of Payment of Transfer Charges and Interest (5488-(77/116))

      • General Arrangements to Borrow: Borrowing Agreement with Saudi Arabia (7403-(83/73))

      • General Arrangements to Borrow: Borrowing Agreement with Saudi Arabia—Renewal (8897-(99/93))

      • Replenishment in Connection with Supplementary Financing Facility (5509-(77/127))

      • Borrowing in Connection with Supplementary Financing Facility: Authorization to Make Calls (6006-(79/3))

      • Transferability of Claims on Fund Under Oil Facility and Supplementary Financing Facility: Meaning of “Net Creditor Position in Fund” (6008-(79/3))

      • Borrowing Arrangements in Connection with Supplementary Financing Facility: Payment of Interest (6163-(79/96))

      • Policy on Enlarged Access: Establishment of the Borrowed Resources Suspense Accounts (6844-(81/75))

      • Policy on Enlarged Access: Investment by the Fund of the Currencies Held in the Borrowed Resources Suspense Accounts (6845-(81/75))

      • Guidelines for Borrowing by the Fund (7040-(82/7), as amended by 7589-(83/181))

  • ARTICLE VIII, SECTION 2 (b)

    • Unenforceability of Exchange Contracts

      • Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)

  • ARTICLE VIII AND ARTICLE XIV

    • Payments Restrictions

      • Payments Restrictions for Security Reasons: Fund Jurisdiction (144-(52/51))

      • Bilateralism and Convertibility (433-(55/42))

      • Retention Quotas: Decision and Letter of Transmittal (201-(53/29))

      • Discrimination for Balance of Payments Reasons (955-(59/45))

      • Article VIII and Article XIV (1034-(60/27))

    • Payments Arrears (3153-(70/95))

    • Payments Policies

      • Consultations on Members’ Policies in Present Circumstances (4134-(74/4))

    • Multiple Currency Practices

      • Statement to Members Transmitting Fund’s Decisions on Multiple Currency Practices (237-2)

      • Multiple Currency Practices (649-(57/33))

      • Policy on Multiple Currency Practices (6790-(81/43))

    • Voluntary Declaration on Trade and Other Current Account Measures (4254-(74/75))

  • ARTICLE IX, SECTION 7

    • Privilege for Communications

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

  • ARTICLE XII, SECTION 3

    • Executive Directors

      • Interpretation of Article XII, Sections 3(b) (i) and 3(f) (2-1)

      • Executive Directors: Article XII, Section 3(c) (574-2), as amended by 2620-(68/141))

      • Additional Appointed Directors (597-4)

      • Adjustment of Quota and Voting Power (180-5)

  • ARTICLE XII, SECTION 7

    • Publication of Reports

      • Reporting by the Fund of Overdue Obligations (7931-(85/41))

      • Publicity Upon Declaration of Ineligibility (7999-(85/90))

  • ARTICLE XIV

    • Restrictions on Payments and Transfers: Withdrawal

      • Meaning of “Exceptional Circumstances’ in Article XIV, Section 4 (117-1)

  • ARTICLE XV, SECTION 2

    • Valuation of the Special Drawing Right

      • Method of Valuation (6631-(80/145) G/S)

      • SDR Valuation Basket—Guidelines for the Calculation of Currency Amounts (8160-(85/186) G/S)

      • Method of Collecting Exchange Rates for the Calculation of the Value of the SDR for the Purposes of Rule 0-2(a) (6709-(80/189) S)

  • ARTICLE XVII, SECTION 3

    • Special Drawing Rights: Other Holders (6467-(80/71) S)

      • Bank for International Settlements (BIS): Change in Terms and Conditions of Prescription as Holder of SDRs (6484-(80/77) S)

      • Andean Reserve Fund: Holder of SDRs (6486-(80/77) S)

      • Swiss National Bank: Holder of SDRs (6485-(80/77) S)

      • Use of SDRs in Payment of Trust Fund Obligations (8642-(87/101) S/TR)

  • ARTICLE XVIII, SECTION 2

    • Allocation of Special Drawing Rights

      • Allocations to New Participants (5956-(78/180) S and 6368-(79/191))

  • ARTICLE XIX, SECTION 2

    • Special Drawing Rights: Additional Uses

      • Use of SDRs in Settlement of Financial Obligations (6000-(79/1) S, as amended by 6438-(80/37) S)

      • Use of SDRs in Loans (6001-(79/1) S)

      • Use of SDRs in Pledges (6053-(79/34) S, as amended by 6438-(80/37) S)

      • Use of SDRs in Transfers as Security for the Performance of Financial Obligations (6054-(79/34) S, as amended by 6438-(80/37) S)

      • Use of SDRs in Swap Operations (6336-(79/178) S)

      • Use of SDRs in Forward Operations (6337-(79/178) S)

      • Use of SDRs in Donations (6437-(80/37) S)

      • Use of SDRs in Payment of Subsidy (8186-(86/9) SBS/S)

      • Use of SDRs in Operations Under Structural Adjustment Facility (8239-(86/56) SAF)

      • Use of SDRs in Financial Operations Under the Enhanced Structural Adjustment Facility Trust or Under an Administered Account (8937-(88/118) ESAF/S)

  • ARTICLE XIX, SECTION 5

    • Designation of Participants to Provide Currency

      • Review of Rules for Designation and Method of Calculating Designation Amounts (6209-(79/124) S)

  • ARTICLE XIX, SECTION 6

    • Reconstitution

      • Abrogation of Rules for Reconstitution (6832-(81165) S)

  • ARTICLE XIX, SECTION 7(a)

    • Exchange Rates

      • Representative Rate for the European Currency Unit (ECU) (7041-(82/8)G/S)

  • ARTICLE XX, SECTION 2

    • Charges

      • Payment of Net Charges and Assessment in the SDR Department for the Financial Year Ended April 30, 1982 (7116-(82/68) S)

  • ARTICLE XXVI

    • Interpretation (343-(54/47))

  • ARTICLE XXX (C)

    • Calculation of Reserve Tranche: Exclusion of Purchases and Holdings

      • Exclusion of Purchases and Holdings Under Compensatory and Contingency Financing Facility (8955-(88/126), as amended by 9101-(89/30))

      • Exclusion of Purchases and Holdings Under Buffer Stock Facility (5591-(77/163))

      • Exclusion of Purchases Under Oil Facility for Purpose of “Definition of Reserve Tranche Purchase” (5371-(77/51))

      • Exclusion of Purchases Under Supplementary Financing Facility (5508-(77/127))

      • Exclusion of Credit Tranches and Extended Facility (6830-(81/65))

      • Exclusion of Purchases Under Policy on Enlarged Access with Borrowed Resources (6783-(81/40) and 7060-(82/23))

  • ARTICLE XXX (f)

    • Freely Usable Currencies (5719-(78/46))

  • GENERAL

    • Trust Fund (5069-(76/72))

      • Review of Instrument to Establish the Trust Fund and List of Eligible Members (5563-(77/150) TR)

      • Trust Fund: Diversification of Investments

        • a. Amendment of Section III, Paragraph 4(a) of the Trust Instrument (5972-(78/189))

        • b. Diversification of Trust Fund Investments (5973-(78/189) TR)

      • Distribution to Developing Countries of Profits from Gold Sales: Authority to Distribute Profits Through Trust Fund (5709-(78/41) TR)

      • Trust Fund: Procedures for Final Payments of Profits and Loans for the Period July 1, 1976 to June 30, 1978 (5832-(78/95) TR)

      • Trust Fund: Second Period

        • a. Timing of Loan Disbursements (6201-(79/121) TR)

        • b. Extension of Period for Qualification (6202-(79/121) TR)

        • c. Extension of Second Period (6466-(80/68) TR)

      • Trust Fund: Extension of Second Period (6676-(80/168) TR)

      • Trust Fund: Means of Payment of Interest by Members on Their Indebtedness Under Loan Agreements (6358-(79/188) TR, as amended by 8640-(87/101) S/TR)

      • Trust Fund: Means of Repayment by Members on Their Indebtedness Under Loan Agreements (7142-(82/85) TR, as amended by 8640-(87/101) S/TR)

      • Trust Fund: Special Charges on Overdue Financial Obligations (8165-(85/189) G/TR, as amended by 8496-(87/3)G/TR)

      • Trust Fund: Final Direct Distribution of Profits (6540-(80/98) TR)

      • Trust Fund: Termination and Transfer of Resources to Special Disbursement Account (6704-(80/185) TR)

      • Terms of Repayment of Final Loan Disbursement and Amendment of Trust Instrument (6793-(81/45))

    • Subsidy Account

      • Supplementary Financing Facility: Subsidy Account—Instrument (6683-(80/185) G/TR, as amended by 8523-(87/25) SBS and 8941-(88/122) SBS)

      • Supplementary Financing Facility: Subsidy Account—Investment (6854-(81/78) SBS, as amended by 8184-(86/9) SBS)

      • Supplementary Financing Facility: Subsidy Account—Suspension of Transfers and Retransfer of Surplus (7989-(85/81) SBS)

      • Supplementary Financing Facility: Subsidy Account—Means of Subsidy Payments (8185-(86/9) SBS/S)

      • Supplementary Financing Facility: Subsidy Account—Subsidy Payments for the Period July 1, 1983 Through June 30, 1984 (7754-(84/108) SBS)

      • Supplementary Financing Facility: Subsidy Account—Subsidy Payment for the Period July 1, 1984 Through June 30, 1985 (8037-(85/110) SBS)

      • Supplementary Financing Facility: Subsidy Account—Subsidy Payments for July 1, 1985 Through June 30, 1986 (8492-(87/1) SBS)

      • Supplementary Financing Facility: Subsidy Account—Disbursement of Additional Subsidy Amounts for the Twelve-Month Period Ended June 30, 1986 (8523-(87/25) SBS)

      • Supplementary Financing Facility: Subsidy Account—Additional Subsidy Payments for July 1, 1985 Through June 30, 1986 and Subsidy Payments for July 1, 1986 Through June 30, 1987 (8674-(87/117) SBS)

      • Supplementary Financing Facility: Subsidy Account—Additional Subsidy Payments for May 1, 1987 Through June 30, 1987, and Subsidy Payments for July 1, 1987 Through June 30, 1988 (8941-(88/122) SBS)

      • Oil Facility: Subsidy Account (4773-(75/136), as amended by 5694-(78/35))

      • Oil Facility: Subsidy Account—Final Review (7420-(83/82))

      • Oil Facility: Subsidy Account—Final Report on Termination (7484-(83/117))

  • Selected Resolutions of the Board of Governors and Related Documents

    • A. Request for Interpretation of the Articles of Agreement as to the Authority of the Fund to Use Its Resources (Resolution No. IM-6)

    • B. Resolution of the United Nations General Assembly 377 (V) Entitled “Uniting for Peace” (Resolution No. 6-8)

    • C. Composite Resolution on the Work of the Ad Hoc Committee on Reform of the International Monetary System and Related Issues and on a Program of Immediate Action (Resolutions Nos. 29-7, 29-8, 29-9, 29-10)

      • Interim Committee: Rules of Procedure

      • Development Committee: Rules of Procedure

      • Development Committee: Changes in the Organization of Work and Structure of the Secretariat Function

    • D. Increases in Quotas of Members—Sixth General Review (Resolution No. 31-2)

    • E. Increases in Quotas of Fund Members—Seventh General Review: Report of the Executive Board to the Board of Governors (Resolution No. 34-2)

    • F. Increases in Quotas of Members—Eighth General Review: Report of the Executive Board to the Board of Governors (Resolution No. 38-1)

    • G. Increases in Quotas of Members—Ninth General Review: Report of the Executive Board to the Board of Govenors (Resolution No. 43-1)

    • H. Increases in Quotas of Members—Ninth General Review: Report of the Executive Board to the Board of Governors (Resolution No. 44-1)

    • I. Allocation of Special Drawing Rights for the First Basic Period (Resolution No. 24-12)

    • J. Allocation of Special Drawing Rights for the Third Basic Period: Proposal by the Managing Director of the International Monetary Fund (Resolution No. 34-3)

    • K. Report of the Managing Director to the Board of Governors and to the Executive Board Pursuant to Article XVIII, Section 4(c)

  • Selected Documents Relating to the Fund and the United Nations

    • A. Agreement Between the United Nations and the International Monetary Fund

    • B. United Nations Convention on the Privileges and Immunities of the Specialized Agencies and Annex V and List of Members Which Have Accepted the UN Convention on Privileges and Immunities of the Specialized Agencies with Respect to the Fund as of April 30, 1989

  • Index

List of Decisions by Number

(Page numbers preceded by “A” can be found in the Annex.)

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List of Board of Governors’ Resolutions

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Interpretations Under Article XXIX(a)

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Corresponds to Article XV, Section 2 before the Second Amendment.