This paper describes by-laws of the IMF. These by-laws state that special meetings of the Board of Governors may be called at any time by the Board of Governors or the Executive Board and shall be called upon the request of fifteen members of the IMF or of members of the IMF having in the aggregate one-quarter of the total voting power. Whenever any member of the IMF requests the Executive Board to call a special meeting of the Board of Governors, then the member shall state the reasons.
This paper presents the By-Laws rules and regulations provide operating rules, procedures, regulations, and interpretation as are necessary and desirable to carry out the purposes and powers contained in the Articles. If any provision in the Rules and Regulations is found to be in conflict with any provision in the Articles or in the By-Laws, the Articles and By-Laws shall prevail and an appropriate amendment shall be made to these Rules and Regulations. Except in special circumstances the Chairman shall notify Executive Directors of new items on the agenda at least two full business days before their consideration in meetings. The working language of the IMF shall be English. The discussion, documents, and reports of meetings shall ordinarily be in English. When a country applies for membership in the IMF, the application shall be placed promptly before the Executive Board, and a reasonable time shall be allowed for discussion and preliminary investigation by the Executive Board before a deci¬sion is reached to proceed with the formal investigation.
The By-Laws are adopted under the authority of, and are intended to be complementary to, the Articles of Agreement of the International Monetary Fund; and they shall be construed accordingly. These Rules and Regulations supplement the Articles of Agreement and the By-Laws adopted by the Board of Governors. They are not intended to replace any provision of either the Articles or the By-Laws. The Rules and Regulations provide such operating rules, procedures, regulations, and interpretation as are necessary and desirable to carry out the purposes and powers contained in the Articles, as supplemented by the By-Laws. If any provision in the Rules and Regulations is found to conflict with any provision in the Articles or in the By-Laws, the Articles and By-Laws shall prevail, and an appropriate amendment shall be made to these Rules and Regulations. Additions to, and changes of, the Rules and Regulations will be made as experience brings to light new problems or suggests modifications in procedures already adopted.