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International Monetary Fund

Abstract

This paper discusses the Second Amendment of the IMF’s Articles of Agreement. The drafting of the Second Amendment of the Articles of Agreement was a more prolonged and more complicated task than the preparation of the First Amendment. One characteristic of the Second Amendment is the transformation into law, by incorporation in the Articles, of policies that the IMF had adopted over the years. The provisions of the Second Amendment that deal with repurchase obligations, the selection of currencies for use in purchases and repurchases, and stand-by arrangements are among the many examples that are sometimes referred to as constituting the modernization of the IMF.

International Monetary Fund

Abstract

Last issued in 1992, this new release of the IMF's Articles of Agreement for 2011 includes changes to the Articles resulting from the adoption of the Fourth Amendment on August 10, 2009, as well as the Fifth and Sixth Amendments, which entered into force on February 18, 2011 and March 3, 2011, respectively.

International Monetary Fund

Abstract

Last issued in 1992, this new release of the IMF's Articles of Agreement for 2011 includes changes to the Articles resulting from the adoption of the Fourth Amendment on August 10, 2009, as well as the Fifth and Sixth Amendments, which entered into force on February 18, 2011 and March 3, 2011, respectively.

International Monetary Fund

Abstract

Esta nueva versión de 2011 del Convenio Constitutivo del FMI incluye cambios con respecto a la versión anterior, de 1992, que reflejan la adopción de la cuarta enmienda el 10 de agosto de 2009, así como la quinta y sexta enmiendas, que entraron en vigor el 18 de febrero de 2011 y el 3 de marzo de 2011, respectivamente.

International Monetary Fund

Abstract

Par rapport à la dernière version publiée en 1992, la version 2011 des Statuts du Fonds monétaire international inclut les modifications apportées aux articles par l'adoption des quatrième, cinquième et sixième amendements, qui sont respectivement entrés en vigueur le 10 août 2009, le 18 février 2011 et le 3 mars 2011.

International Monetary Fund

Abstract

Last issued in 1992, this new release of the IMF's Articles of Agreement for 2011 includes changes to the Articles resulting from the adoption of the Fourth Amendment on August 10, 2009, as well as the Fifth and Sixth Amendments, which entered into force on February 18, 2011 and March 3, 2011, respectively.

International Monetary Fund

Abstract

This paper explains purposes and functions of various articles of the IMF. The original members of the IMF are those of the countries represented at the United Nations Monetary and Financial Conference whose governments accept membership before December 31, 1945. The articles describe that the Board of Governors at intervals of not more than five years are expected to conduct a general review, and if it deems it appropriate propose an adjustment, of the quotas of the members. Recognizing that the essential purpose of the international monetary system is to provide a framework that facilitates the exchange of goods, services, and capital among countries, and that sustains sound economic growth, and that a principal objective is the continuing development of the orderly underlying conditions that are necessary for financial and economic stability, each member undertakes to collaborate with the IMF and other members to assure orderly exchange arrangements and to promote a stable system of exchange rates.

International Monetary Fund

Abstract

This chapter provide details of the proposed Third Amendment of the Articles of Agreement of the IMF. This paper also examines the conditions for the imposition of suspension of voting and related rights of a member, then the consequences of suspension, and finally the conditions and effects of a termination of suspension. The Fund's Articles of Agreement empowers the Fund to declare a member ineligible to use the general resources of the Fund if the member fails to fulfil any of its obligations under the Articles. The commentary in the chapter analyzes the proposed amendment and describes the main aspects of the new power that would be conferred upon the Fund. The chapter also describes the procedure for the adoption of the proposed amendment. It proposes a resolution for adoption by the Board of Governors.

International Monetary Fund

Abstract

Articles of Agreement December 2004

International Monetary Fund

Abstract

Articles of Agreement December 2004