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International Monetary Fund

Abstract

This paper discusses enhanced structural adjustment facility trust—borrowing agreement. The Trustee may make drawings under this agreement at any time during the period from the effective date of this agreement through December 31, 1999, upon giving the Government of Canada at least five business days (Washington, D.C.) notice. If any instalment of principal or interest is not paid to the Government of China within a period of 10 days after its due date, the Trustee shall not make further drawings under this agreement pending consultations with the Government of China on this matter. Upon request, the Trustee shall issue to the Government of China a non-negotiable certificate evidencing its claim on the Trust resulting from a drawing outstanding under this agreement. By agreement between the Government of China and the Trustee, any drawing or part thereof may be repaid by the Trustee at any time in advance of maturity.

International Monetary Fund

Abstract

This paper discusses several IMF’s selected decisions of the Executive Board and related documents annex to fourteenth issue. Pursuant to Section III, paragraph 2 of the Instrument to Establish the Enhanced Structural Adjustment Facility Trust, the IMF in its capacity as Trustee of that Trust, approves the agreement for borrowing from the Caisse Centrale de Cooperation Economique in terms of the draft set out in the attachment to EBS/88/62, and authorizes the Managing Director to take such action as is necessary to conclude and implement the agreement. The amount of the loan shall be the equivalent of SDR 800 million. Interest in respect of each drawing shall be paid six calendar months after the drawdown date and every six calendar months thereafter. If any amount of interest is not paid to the Bank within a period of 10 days after the due date, the Trustee shall not make further drawings or give initial or final notice of a drawing under this agreement pending consultations with the Bank on the matter.

International Monetary Fund

Abstract

This paper analyses several IMF’s selected decisions of the Executive Board and selected documents. This volume is the Thirteenth Issue of Selected Decisions of the IMF and Selected Documents. It contains the decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF, and related documents, to which frequent reference is made in the current activities of the IMF. Moreover, the volume contains certain documents relating to the IMF and the United Nations. With few exceptions, the decisions are of a general nature and relate to certain obligations, policies, and procedures under the Articles of Agreement. This issue contains most of the decisions published in the Twelfth Issue that remain in effect, as well as new general decisions adopted after the publication of the Twelfth Issue. Decisions of the IMF that are incorporated in the Rules and Regulations are not reproduced in this volume.

International Monetary Fund

Abstract

Recueil de décisions du Fonds monétaire international et Annexe

International Monetary Fund

Abstract

This paper focuses on Procedures for Surveillance contained in the document entitled “Surveillance over Exchange Rate Policies” attached to Decision No. 5392-(77/63), adopted April 29, 1977, as amended. The Executive Board shall review the general implementation of the IMF’s surveillance over members’ exchange rate policies at intervals of two years and at such other times as consideration of it is placed on the agenda of the Executive Board. The Executive Board would adopt, without discussion, a decision approving the conclusions set forth in the staff report. The Executive Board would adopt, without discussion, a decision completing the consideration of a staff report by the Executive Directors. Hence, the Executive Board would take note of the staff report, but would not approve any conclusions set forth in the report. The Executive Board would not adopt any decision. The IMF adopts the Instrument to Establish the Enhanced Structural Adjustment Facility Trust that is annexed to this Decision.

International Monetary Fund

Abstract

This paper presents Selected Decisions and Selected Documents’ Eleventh Issue of the IMF. This volume, the Eleventh Issue of Selected Decisions of the IMF and Selected Documents, presents the decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF to which frequent reference is made in the current activities of the IMF. In addition, the volume contains certain documents relating to the IMF and the United Nations. With few exceptions, the decisions are of a general nature and relate to certain obligations, policies, and procedures under the Articles of Agreement. The issue contains most of the decisions published in the Tenth Issue and in the Supplement to that issue that remain in effect, as well as new decisions adopted after the publication of the Supplement. Decisions of the Fund that are incorporated in the By-Laws, Rules and Regulations are not reproduced in this volume.

International Monetary Fund

Abstract

This paper presents Selected Decisions and Selected Documents’ Ninth Issue of the IMF. This volume, the Ninth Issue of Selected Decisions of the IMF and Selected Documents, contains the decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the IMF to which frequent reference is made in the current activities of the IMF. In addition, the volume contains certain documents relating to the IMF and the United Nations. This issue includes those decisions published in the Eighth Issue and in the Supplement to that issue that remain in effect, as well as new decisions adopted after the publication of the Supplement. The procedures set forth in Section IV of SM/77/277 are approved, and members shall be guided by the considerations in Section IV with respect to the prompt notification of any changes in their exchange arrangements. Once the procedures for initial notification have been clarified, only a few issues remain to be dealt with in respect of subsequent notifications.