Article VII
Author: International Monetary Fund
Language:
English
Keywords:
SELD; fund; publication title; list of member; federal republic; respect to the fund; subsidy account; Credit; Government subsidies; Currencies; Debt burden; Reserve positions; fund quota; terms and conditions; holdings of SDR; Saudi Arabia's representation; GAB participant; Lines of credit

Abstract

Pursuant to Article VII, Section 1 of the Articles of Agreement, the Managing Director is authorized to send to the Minister of Finance of Saudi Arabia a letter proposing a borrowing agreement with Saudi Arabia, as set forth in the attachment to EBS/83/89. When a reply is received from the Minister accepting the proposal, the Managing Director’s letter and the reply shall constitute an agreement between Saudi Arabia and the Fund, which shall enter into force on the date on which the revised and enlarged General Arrangements to Borrow authorized by Decision No. 7337-(83/37) become effective.

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Cover Selected Decisions Supplement (10th Ed)
Selected Decisions Supplement (10th Ed)
Author: International Monetary Fund
ISBN:
9781475515947
ISSN:
1087-4275
Publication Date:
31 Mar 1984
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781475515947.014
Pages:
52