Article XII, Section 3
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
02 Sep 1963
Keywords:
SELD; fund; exchange transaction; transaction; article; election of director; votes of the member; elections of executive directors; purposes from the calculation; adjustment of quota; Currencies

Abstract

Art. XII, Sec. 3 (c), should be understood as providing that the two members entitled to appoint additional directors are determined by the largest absolute amounts by which 75% of members’ quotas exceed the average holdings by the Fund of their currencies during the two years preceding an election of directors, provided, of course, that they are not already entitled to appoint directors under Art. XII, Sec. 3(b) (i).

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Cover Selected Decisions (2nd Ed)
Selected Decisions (2nd Ed)
ISBN:
9781484357316
ISSN:
1087-4275
Publication Date:
02 Sep 1963
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484357316.014
Pages:
134