Whereas the Board of Governors, in Resolution No. 29-10 adopted at its 1974 Annual Meeting, has requested the Executive Directors to consider and prepare for the approval of the Board possible modifications in the Articles of Agreement of the International Monetary Fund on the basis of the recommendations in Part II of the Outline of Reform attached to the Report to the Board by its ad hoc Committee on Reform of the International Monetary System and Related Issues (Committee of Twenty), dated June 14, 1974; and