By-Laws
Rules and Regulations
International Monetary Fund
Sixty-Fourth Issue • July 2017
WASHINGTON, D.C.
Contents
I. By-Laws of the International Monetary Fund
1. Places of Business
2. General Department and Special Drawing Rights Department
3. Meetings of the Board of Governors
4. Notice of Meetings of the Board of Governors
5. Attendance at Meetings
6. Agenda of Meetings of the Board of Governors
7. Selection of Chairman and Vice-Chairmen
8. Secretary
9. Minutes
10. Report of Executive Board
11. Voting
12. Proxies
13. Voting Without Meeting
14. Terms of Service
15. Delegation of Authority
16. Rules and Regulations
17. Vacant Directorships
18. {Abrogated Effective January 26, 2016}
19. Representation of Members at Meetings of Fund Organs
20. Budget and Audits
21. Applications for Membership
22. Compulsory Withdrawal
23. Settlement of Disagreements with Withdrawing Member
24. Amendment of By-Laws
II. Rules and Regulations of the International Monetary Fund
A. Scope of Rules and Regulations
B. Terms and Definitions
C. The Executive Board
Meetings
Agenda
Voting
Language
Minutes
D. Application for Membership and Change in Quota
Application for Membership
Quotas
E. Substitution of Securities for Currency
F. Gold
G. Operations and Transactions
H. Exchange Controls, Currency Practices, Agreements, and Information
I. Charges in Respect of General Resources Account Transactions and Remuneration
J. Accounting and Reporting
Accounts
Annual Administrative Budget
Annual Report
Audit
Financial Year
K. Limitation, Ineligibility, and Suspension of Voting Rights
L. Capital Transfers
M. Relations with Non-Members
N. Staff Regulations
O. Valuation of the SDR, Valuation of Currencies in Terms of the SDR, Freely Usable Currency, Procedures for Exchange of Currency, and Operational Budget
Valuation of the SDR
Valuation of Currencies in Terms of the SDR
Freely Usable Currency
Procedures for Exchange of Currency
Operational Budget
P. Procedures for Operations and Transactions Involving SDRs
Transactions with Designation
Designation of Participants to Provide Currency
Transactions by Agreement Between Participants
Prescribed Operations
Recording
Q. Other Holders
R. {Abrogated effective April 30, 1981}
S. Suspension of Use of SDRs
T. Interest, Charges, and Assessments in Respect of SDRs
Certificate
I hereby certify that this is a full and true copy of the By-Laws and of the Rules and Regulations of the International Monetary Fund, as amended to July 10, 2017.
Washington, D.C.
July 10, 2017