Abstract

I. The Fund in 1982/83

Appendices

  • I. The Fund in 1982/83

  • List of Tables

    • I.1 Exchange Rates and Exchange Arrangements, June 30, 1983

    • I.2. Fund Stand-By Arrangements for Members, Financial Year Ended April 30, 1983

    • I.3. Summary of Members’ Purchases and Repurchases, Financial Years Ended April 30, 1983

    • I.4. Summary of Stand-By Arrangements That Became Effective During the Financial Years Ended April 30, 1953–83

    • I.5. Purchases of Currencies and Special Drawing Rights from the Fund, Financial Year Ended April 30, 1983

    • I.6. Repurchases of Currencies from the Fund, Financial Year Ended April 30, 1983

    • I.7. Extended Fund Facility Arrangements for Members, July 7, 1975–April 30, 1983

    • I.8. Status of General Arrangements to Borrow (GAB) on April 30, 1983

    • I.9. Borrowing in Connection with Purchases Under the Oil Facility and Repayments to Lenders, September 4, 1974–April 30, 1983

    • I.10. Borrowing in Connection with Purchases Under the Supplementary Financing Facility and Repayments to Lenders, May 29, 1980–April 30, 1983

    • I.11. Schedule of Fund Charges

    • I.12. Transfers of Special Drawing Rights, January 1, 1970–April 30, 1983

    • I.13. Summary of Transactions and Operations in Special Drawing Rights, Financial Year Ended April 30, 1983

    • I.14. Members That Have Accepted the Obligations of Article VIII, April 30, 1983

    • I.15. Fund Quotas, Present and Proposed

    • I.16. Publications Issued, Financial Year Ended April 30, 1983

  • II. Principal Decisions of the Executive Board and Report to the Board of Governors

    • A. Increases in Quotas of Members—Eighth General Review

      • Report of the Executive Board to the Board of Governors

      • Proposed Resolution Submitted to the Board of Governors

      • Annex

    • B. Surveillance over Exchange Rate Policies

      • Attachment to Decision No. 7374-(83/55)

    • C. Special Drawing Rights: Level of Fund’s Holdings

    • D. General Arrangements to Borrow: Revision

      • Attachment

      • Annex

    • E. Borrowing Arrangement with Saudi Arabia in Association with the General Arrangements to Borrow

      • Attachment

    • F. Buffer Stock Financing Facility: International Natural Rubber Agreement, 1979

    • G. Buffer Stock Financing Facility: Sixth International Tin Agreement

    • H. Borrowing Agreement with the Saudi Arabian Monetary Agency: Change in Conversion Arrangements

    • I. Fund Policies and External Debt-Servicing Problems

      • Chairman’s Summary of Executive Board Discussion

  • III. Press Communiqués and Announcement of the Interim Committee and the Development Committee

    • Interim Committee of the Board of Governors on the International Monetary System

      • Press Communiqués

        • Nineteenth Meeting, Toronto, September 4–5, 1982

          • Annex: Interim Committee Attendance, September 4, 1982

        • Twentieth Meeting, Washington, February 10–11, 1983

          • Annex: Interim Committee Attendance, February 10–11, 1983

    • Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee)

      • Press Communiqué

        • Nineteenth Meeting, Toronto, September 5, 1982

      • Press Announcement

        • Twentieth Meeting, Toronto, September 8, 1982

      • Press Communiqué

        • Twenty-First Meeting, Washington, April 28–29, 1983

  • IV. Executive Directors and Voting Power on April 30, 1983

  • V. Changes in Membership of Executive Board

  • VI. Administrative Budget

  • VII. Comparative Statement of Income and Expense

  • VIII. Financial Statements

    • Report of the External Audit Committee

      • General Department

        • Balance Sheet

        • Statement of Income and Expense

        • Statement of Changes in Reserves

        • Sources of Financing and Applications of Resources

        • Notes to the Financial Statements

          • Schedule 1

          • Schedule 2

          • Schedule 3

          • Schedule 4

    • Special Drawing Rights Department

      • Balance Sheet

      • Statement of Source and Use of Special Drawings Rights

      • Notes to the Financial Statements

    • Subsidy Account

      • Statement of Financial Position

      • Notes to the Financial Statement

    • Supplementary Financing Facility Subsidy Account

      • Balance Sheet

      • Statement of Changes in Resources

      • Notes to the Financial Statements

    • Trust Fund

      • Balance Sheet

      • Statement of Income and Expense

      • Statement of Changes in Trust Resources

      • Notes to the Financial Statements

    • Staff Retirement Plan

      • Report of the External Audit Committee

      • Statement of Accumulated Plan Benefits and Net Assets Available for Benefits

      • Statement of Changes in Accumulated Plan Benefits

      • Statement of Changes in Net Assets Available for Benefits

      • Notes to the Financial Statements

Appendix I The Fund in 1982/83

The tables in this appendix supplement the information given in Chapter 3 on the activities of the Fund during the financial year ended April 30, 1983. In three tables in this appendix, however, data covering longer periods are included, viz., Table I.1 on exchange rates and exchange arrangements, Table I.11 setting forth the charges on the use of the Fund’s resources, and Table I.15 on present and proposed Fund quotas.

Table I.1.

Exchange Rates and Exchange Arrangements, June 30, 1983 1

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For further explanation of the classification of exchange rate arrangements, in particular for members that maintain dual exchange markets involving multiple exchange rate arrangements, see Table 13. The effective date of the exchange rate is May 31, 1983 for Nigeria and April 30, 1983 for Uganda.

Rates as notified to the Fund and in terms of domestic currency units per unit listed.

Market rates in domestic currency units per U.S. dollar.

All exchange rates have shown limited flexibility against the U.S. dollar.

Belgium, Denmark, France, the Federal Republic of Germany, Ireland, Italy, Luxembourg, and the Netherlands are participating in the European Monetary System and maintain maximum margins of 2.25 per cent (for the Italian lira, 6 per cent) for exchange rates in transactions in the official markets between their currencies and those of the other countries in this group.

Per Indian rupee.

Per Spanish peseta.

Per pound sterling.

Information not available.

Per South African rand.

Table I.2.

Fund Stand-By Arrangements for Members, Financial Year Ended April 30, 1983

(In millions of SDRs)

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Enlarged access resources totaling SDR 2,885.39 million approved in 1982/83 are as follows: Argentina, SDR 754.35 million; Barbados, SDR 15.36 million; Central African Republic, SDR 14.66 million; Chile, SDR 246.84 million; Costa Rica, SDR 45.88 million; Haiti, SDR 17.64 million; Honduras, SDR 44.62 million; Hungary, SDR 229.26 million; Kenya, SDR 166.21 million; Liberia, SDR 44.11 million; Madagascar, SDR 26.05 million; Malawi, SDR 8.56 million; Philippines, SDR 150.28 million; Senegal, SDR 23.91 million; Somalia, SDR 49.38 million; Sudan, SDR 134.81 million; Thailand, SDR 189.16 million; Togo, SDR 12.02 million; Uganda, SDR 97.56 million; Uruguay, SDR 283.50 million; Zambia, SDR 143.73 million; and Zimbabwe, SDR 187.50 million.

Enlarged access resources approved in 1981/82 are as follows: Ethiopia, SDR 32.52 million; The Gambia, SDR 8.88 million; Liberia, SDR 6.92 million; Madagascar, SDR 32.30 million; Mauritius, SDR 13.28 million; Morocco, SDR 166.18 million; Romania, SDR 746.18 million; Somalia, SDR 22.64 million; Thailand, SDR 566.59 million; and Uganda, SDR 58.97 million.

Supplementary financing facility resources approved in 1981/82 are as follows: Kenya, SDR 96.84 million; Liberia, SDR 18.00 million; Mauritania, SDR 9.88 million; Senegal, SDR 33.57 million; and Sudan, SDR 136.40 million.

Amount by which arrangement, of SDR 76.70 million approved in April 1981, was augmented in June 1981.

Arrangement approved in the financial year 1980/81.

Arrangement canceled on November 16, 1982.

Table I.3.

Summary of Members’ Purchases and Repurchases, Financial Years Ended April 30, 1948–83

(In millions of SDRs)

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Includes purchases that are not subject to repurchase.

Excludes sales of currency and adjustments that have the effect of repurchase.

Table I.4.

Summary of Stand-By Arrangements That Became Effective During the Financial Years Ended April 30, 1953–83 1

(In millions of SDRs)

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Includes renewals and extensions for one year or less, except the renewals each six months of the stand-by arrangement for Belgium granted in June 1952 until that member purchased the full amount of the equivalent of SDR 50 million in April 1957.

Table I.5.

Purchases of Currencies and Special Drawing Rights from the Fund, Financial Year Ended April 30, 1983

(In millions of SDRs)

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In accordance with the decision on compensatory financing of fluctuations in the cost of cereal imports, Executive Board Decision No. 6860-(81/81), adopted May 13, 1981. (See Selected Decisions of the International Monetary Fund and Selected Documents, Tenth Issue (Washington, 1983), pages 65–70.)

Purchase financed from supplementary financing facility resources in substitution for enlarged access resources, Executive Board Decision No. 7047-(82/13), adopted February 5, 1982. (See Selected Decisions of the International Monetary Fund and Selected Documents, Tenth Issue (Washington, 1983), page 58.)

Less than SDR 50,000.