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Belgium
			: 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Belgium

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Belgium : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Belgium »

Volume/Issue: 2020/91

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

DOI: http://dx.doi.org/10.5089/9781513538839.002

ISBN: 9781513538839

Belgium has been without a full-fledged government since December 2018, which has made it difficult to make progress toward addressing long-standing challenges stemming from high public and rising private debt burd...

Belgium: 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Belgium

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Belgium: 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Belgium »

Source: Belgium : 2020 Article IV Consultation-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director for Belgium

Volume/Issue: 2020/91

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

ISBN: 9781513538839

Belgium has been without a full-fledged government since December 2018, which has made it difficult to make progress toward addressing long-standing challenges stemming from high public and rising private debt burd...

Belgium
			: Selected Issues

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Belgium : Selected Issues »

Volume/Issue: 2020/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

DOI: http://dx.doi.org/10.5089/9781513538877.002

ISBN: 9781513538877

Selected Issues...

Belgium: Selected Issues

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Belgium: Selected Issues »

Source: Belgium : Selected Issues

Volume/Issue: 2020/92

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 March 2020

ISBN: 9781513538877

Selected Issues...

Kuwait
			: 2020 Article IV Consultation-Press Release; Staff Report; and Staff Supplement

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Kuwait : 2020 Article IV Consultation-Press Release; Staff Report; and Staff Supplement »

Volume/Issue: 2020/89

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2020

DOI: http://dx.doi.org/10.5089/9781513538563.002

ISBN: 9781513538563

This Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on March 24. The staff report reflects discussions with the Kuwaiti authorities in January 2020 and is based on the...

Kuwait: 2020 Article IV Consultation-Press Release; Staff Report; and Staff Supplement

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Kuwait: 2020 Article IV Consultation-Press Release; Staff Report; and Staff Supplement »

Source: Kuwait : 2020 Article IV Consultation-Press Release; Staff Report; and Staff Supplement

Volume/Issue: 2020/89

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2020

ISBN: 9781513538563

This Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on March 24. The staff report reflects discussions with the Kuwaiti authorities in January 2020 and is based on the...

Botswana
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

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Botswana : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana »

Volume/Issue: 2020/78

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2020

DOI: http://dx.doi.org/10.5089/9781513537375.002

ISBN: 9781513537375

The Staff Report was prepared by an IMF staff team for the Executive Board's consideration on March 9. The staff report reflects discussions with the Botswana authorities in November 2019 and is based on the inform...

Botswana: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

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Botswana: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana »

Source: Botswana : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

Volume/Issue: 2020/78

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2020

ISBN: 9781513537375

The Staff Report was prepared by an IMF staff team for the Executive Board's consideration on March 9. The staff report reflects discussions with the Botswana authorities in November 2019 and is based on the inform...

Kyrgyz Republic
			: Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis

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Kyrgyz Republic : Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis »

Volume/Issue: 2020/90

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2020

DOI: http://dx.doi.org/10.5089/9781513538693.002

ISBN: 9781513538693

The outbreak of the COVID-19 pandemic has weakened the macroeconomic outlook and opened a balance of payments gap estimated at about $400 million for which the authorities have requested a purchase under the Rapid...

Kyrgyz Republic: Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis

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Kyrgyz Republic: Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis »

Source: Kyrgyz Republic : Request for Purchase Under the Rapid Financing Instrument and Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; Informational Annex; and Debt Sustainability Analysis

Volume/Issue: 2020/90

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2020

ISBN: 9781513538693

The outbreak of the COVID-19 pandemic has weakened the macroeconomic outlook and opened a balance of payments gap estimated at about $400 million for which the authorities have requested a purchase under the Rapid...

Myanmar
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

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Myanmar : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Volume/Issue: 2020/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513538419.002

ISBN: 9781513538419

The Staff Report prepared by a staff team of the IMF for the Executive Board's consideration on February 28, 2020. The staff report reflects discussions with the Myanmar authorities during December 5-19, 2019 and i...

Myanmar: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

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Myanmar: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar »

Source: Myanmar : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Myanmar

Volume/Issue: 2020/88

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

ISBN: 9781513538419

The Staff Report prepared by a staff team of the IMF for the Executive Board's consideration on February 28, 2020. The staff report reflects discussions with the Myanmar authorities during December 5-19, 2019 and i...

Somalia
			: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document

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Somalia : Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document »

Volume/Issue: 2020/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513538327.002

ISBN: 9781513538327

Somalia has an historic opportunity to turn the page on decades of conflict, fragility and state fragmentation, and embark on a trajectory towards poverty reduction and inclusive growth. For over two decades, Somal...

Somalia: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document

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Somalia: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document »

Source: Somalia : Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document

Volume/Issue: 2020/86

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

ISBN: 9781513538327

Somalia has an historic opportunity to turn the page on decades of conflict, fragility and state fragmentation, and embark on a trajectory towards poverty reduction and inclusive growth. For over two decades, Somal...

Somalia
			: Poverty Reduction Strategy Paper-Joint Staff Advisory Note

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Somalia : Poverty Reduction Strategy Paper-Joint Staff Advisory Note »

Volume/Issue: 2020/87

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513538358.002

ISBN: 9781513538358

Somalia has made noteworthy progress since 2012 to recover from decades of conflict and state fragmentation. The 2012 Provisional Constitution established a federal political structure, including a parliament, the...

Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note

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Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note »

Source: Somalia : Poverty Reduction Strategy Paper-Joint Staff Advisory Note

Volume/Issue: 2020/87

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

ISBN: 9781513538358

Somalia has made noteworthy progress since 2012 to recover from decades of conflict and state fragmentation. The 2012 Provisional Constitution established a federal political structure, including a parliament, the...

Somalia
			: Second Review Under the Staff-Monitored Program and Request for Three-Year Arrangements Under the Extended Credit and The Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia

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Somalia : Second Review Under the Staff-Monitored Program and Request for Three-Year Arrangements Under the Extended Credit and The Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia »

Volume/Issue: 2020/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513538297.002

ISBN: 9781513538297

The Somalia authorities have fulfilled the necessary conditions to reach the HIPC Decision Point (DP), despite continuing challenges. This is a historic achievement and means Somalia has now cleared its arrears and...

Somalia: Second Review Under the Staff-Monitored Program and Request for Three-Year Arrangements Under the Extended Credit and The Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia

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Somalia: Second Review Under the Staff-Monitored Program and Request for Three-Year Arrangements Under the Extended Credit and The Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia »

Source: Somalia : Second Review Under the Staff-Monitored Program and Request for Three-Year Arrangements Under the Extended Credit and The Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia

Volume/Issue: 2020/85

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

ISBN: 9781513538297

The Somalia authorities have fulfilled the necessary conditions to reach the HIPC Decision Point (DP), despite continuing challenges. This is a historic achievement and means Somalia has now cleared its arrears and...

Zimbabwe
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

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Zimbabwe : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe »

Volume/Issue: 2020/82

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

DOI: http://dx.doi.org/10.5089/9781513537726.002

ISBN: 9781513537726

The Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on February 24, 2020. The staff report reflects discussions with the Zimbabwe authorities in September and December 2...

Zimbabwe: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

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Zimbabwe: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe »

Source: Zimbabwe : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Zimbabwe

Volume/Issue: 2020/82

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2020

ISBN: 9781513537726

The Staff Report was prepared by a staff team of the IMF for the Executive Board's consideration on February 24, 2020. The staff report reflects discussions with the Zimbabwe authorities in September and December 2...

Article I. Purposes

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Article I. Purposes »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

The purposes of the International Monetary Fund are: (i) To promote international monetary cooperation through a permanent institution which provides the machinery for c...

Article II. Membership

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Article II. Membership »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Original members The original members of the Fund shall be those of the countries represented at the United Nations Monetary and Financial Conference whose governments acc...

Article III. Quotas and Subscriptions

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Article III. Quotas and Subscriptions »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Quotas and payment of subscriptions Each member shall be assigned a quota expressed in special drawing rights. The quotas of the members represented at the United Nations...

Article IV. Obligations Regarding Exchange Arrangements

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Article IV. Obligations Regarding Exchange Arrangements »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. General obligations of members Recognizing that the essential purpose of the international monetary system is to provide a framework that facilitates the exchange of goods...

Article IX. Status, Immunities, and Privileges

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Article IX. Status, Immunities, and Privileges »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Purposes of Article To enable the Fund to fulfill the functions with which it is entrusted, the status, immunities, and privileges set forth in this Article shall be accor...

Article V. Operations and Transactions of the Fund

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Article V. Operations and Transactions of the Fund »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Agencies dealing with the Fund Each member shall deal with the Fund only through its Treasury, central bank, stabilization fund, or other similar fiscal agency, and the Fu...

Article VI. Capital Transfers

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Article VI. Capital Transfers »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Use of the Fund’s general resources for capital transfers (a) A member may not use the Fund’s general resources to meet a large or sustained outflow of capital except as p...

Article VII. Replenishment and Scarce Currencies

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Article VII. Replenishment and Scarce Currencies »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Measures to replenish the Fund’s holdings of currencies The Fund may, if it deems such action appropriate to replenish its holdings of any member’s currency in the General...

Article VIII. General Obligations of Members

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Article VIII. General Obligations of Members »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Introduction In addition to the obligations assumed under other articles of this Agreement, each member undertakes the obligations set out in this Article....

Article X. Relations with Other International Organizations

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Article X. Relations with Other International Organizations »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

The Fund shall cooperate within the terms of this Agreement with any general international organization and with public international organizations having specialized responsibilities in related fields. Any...

Article XI. Relations with Non-Member Countries

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Article XI. Relations with Non-Member Countries »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Undertakings regarding relations with non-member countries Each member undertakes: (i) not to engage in, nor to permit any o...

Article XII. Organization and Management

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Article XII. Organization and Management »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Structure of the Fund The Fund shall have a Board of Governors, an Executive Board, a Managing Director, and a staff, and a Council if the Board of Governors decides, by a...

Article XIII. Offices and Depositories

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Article XIII. Offices and Depositories »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Location of offices The principal office of the Fund shall be located in the territory of the member having the largest quota, and agencies or branch offices may be establ...

Article XIV. Transitional Arrangements

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Article XIV. Transitional Arrangements »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Notification to the Fund Each member shall notify the Fund whether it intends to avail itself of the transitional arrangements in Section 2 of this Article, or whether it...

Article XIX. Operations and Transactions in Special Drawing Rights

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Article XIX. Operations and Transactions in Special Drawing Rights »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Use of special drawing rights Special drawing rights may be used in the operations and transactions authorized by or under this Agreement....

Article XV. Special Drawing Rights

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Article XV. Special Drawing Rights »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Authority to allocate special drawing rights (a) To meet the need, as and when it arises, for a supplement to existing reserve assets, the Fund is authorized to allocate s...

Article XVI. General Department and Special Drawing Rights Department

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Article XVI. General Department and Special Drawing Rights Department »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Separation of operations and transactions All operations and transactions involving special drawing rights shall be conducted through the Special Drawing Rights Department...

Article XVII. Participants and Other Holders of Special Drawing Rights

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Article XVII. Participants and Other Holders of Special Drawing Rights »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Participants Each member of the Fund that deposits with the Fund an instrument setting forth that it undertakes all the obligations of a participant in the Special Drawing...

Article XVIII. Allocation and Cancellation of Special Drawing Rights

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Article XVIII. Allocation and Cancellation of Special Drawing Rights »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Principles and considerations governing allocation and cancellation (a) In all its decisions with respect to the allocation and cancellation of special drawing rights the...

Article XX. Special Drawing Rights Department Interest and Charges

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Article XX. Special Drawing Rights Department Interest and Charges »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Interest Interest at the same rate for all holders shall be paid by the Fund to each holder on the amount of its holdings of special drawing rights. The Fund shall pay the...

Article XXI. Administration of the General Department and the Special Drawing Rights Department

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Article XXI. Administration of the General Department and the Special Drawing Rights Department »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

(a) The General Department and the Special Drawing Rights Department shall be administered in accordance with the provisions of Article XII, subject to the following provisions:...

Article XXII. General Obligations of Participants

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Article XXII. General Obligations of Participants »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

In addition to the obligations assumed with respect to special drawing rights under other articles of this Agreement, each participant undertakes to collaborate with the Fund and with other participants in o...

Article XXIII. Suspension of Operations and Transactions in Special Drawing Rights

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Article XXIII. Suspension of Operations and Transactions in Special Drawing Rights »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Emergency provisions In the event of an emergency or the development of unforeseen circumstances threatening the activities of the Fund with respect to the Special Drawing...

Article XXIV. Termination of Participation

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Article XXIV. Termination of Participation »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Right to terminate participation (a) Any participant may terminate its participation in the Special Drawing Rights Department at any time by transmitting a notice in writi...

Article XXIX. Interpretation

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Article XXIX. Interpretation »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

(a) Any question of interpretation of the provisions of this Agreement arising between any member and the Fund or between any members of the Fund shall be submitted to the Executive Board for its decision. I...

Article XXV. Liquidation of the Special Drawing Rights Department

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Article XXV. Liquidation of the Special Drawing Rights Department »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

(a) The Special Drawing Rights Department may not be liquidated except by decision of the Board of Governors. In an emergency, if the Executive Board decides that liquidation of the Special Drawing Rights De...

Article XXVI. Withdrawal from Membership

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Article XXVI. Withdrawal from Membership »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Right of members to withdraw Any member may withdraw from the Fund at any time by transmitting a notice in writing to the Fund at its principal office. Withdrawal shall be...

Article XXVII. Emergency Provisions

New
Article XXVII. Emergency Provisions »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Temporary suspension (a) In the event of an emergency or the development of unforeseen circumstances threatening the activities of the Fund, the Executive Board, by an eig...

Article XXVIII. Amendments

New
Article XXVIII. Amendments »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

(a) Any proposal to introduce modifications in this Agreement, whether emanating from a member, a Governor, or the Executive Board, shall be communicated to the chairman of the Board of Governors who shall b...

Article XXX. Explanation of Terms

New
Article XXX. Explanation of Terms »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

In interpreting the provisions of this Agreement the Fund and its members shall be guided by the following provisions: (a) The Fund’s holdings of a member’s currency in the General Resources Account...

Article XXXI. Final Provisions

New
Article XXXI. Final Provisions »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

Section 1. Entry into force This Agreement shall enter into force when it has been signed on behalf of governments having sixty-five percent of the total of the quotas set forth in S...

Articles of Agreement 2020

New
Articles of Agreement 2020 »

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

DOI: http://dx.doi.org/10.5089/9781513521244.013

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

The Articles of Agreement of the International Monetary Fund were adopted at the United Nations Monetary and Financial Conference (Bretton Woods, New Hampshire) on July 22, 1944. They were originally accepted by 29...

Back Matter

New
Back Matter »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

The Articles of Agreement of the International Monetary Fund were adopted at the United Nations Monetary and Financial Conference (Bretton Woods, New Hampshire) on July 22, 1944. They were originally accepted by 29...

Front Matter

New
Front Matter »

Source: Articles of Agreement 2020

Series: Articles of Agreement

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2020

ISBN: 9781513521244

Keywords: Articles of Agreement, Amendments of Articles of Agreement, Special Drawing Rights, Provisioning, Balance of payments, Currencies, Exchange restrictions, currency, drawing rights, transactions

The Articles of Agreement of the International Monetary Fund were adopted at the United Nations Monetary and Financial Conference (Bretton Woods, New Hampshire) on July 22, 1944. They were originally accepted by 29...

Fifteenth General Review of Quotas—Notification from the Executive Board to the Board of Governors

Fifteenth General Review of Quotas—Notification from the Executive Board to the Board of Governors »

Source: Fifteenth General Review of Quotas-Notification from the Executive Board to the Board of Governors : December 2019

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

ISBN: 9781513530093

On December 20, 2019, the Executive Board notified the Board of Governors that it would not be able to report to the Board of Governors in time to facilitate a vote by the Board of Governors concluding the Fifteent...

Fifteenth General Review of Quotas—Notification from the Executive Board to the Board of Governors

Fifteenth General Review of Quotas—Notification from the Executive Board to the Board of Governors »

Source: Fifteenth General Review of Quotas-Notification from the Executive Board to the Board of Governors : October 2019

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

ISBN: 9781513530086

On October 15, 2019, the Executive Board notified the Board of Governors that the conclusion of the Fifteenth Review was part of a package on Fund resources and governance reform on which discussions were still ong...

Fifteenth General Review of Quotas-Notification from the Executive Board to the Board of Governors
			: December 2019

Fifteenth General Review of Quotas-Notification from the Executive Board to the Board of Governors : December 2019 »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

DOI: http://dx.doi.org/10.5089/9781513530093.007

ISBN: 9781513530093

On December 20, 2019, the Executive Board notified the Board of Governors that it would not be able to report to the Board of Governors in time to facilitate a vote by the Board of Governors concluding the Fifteent...

Fifteenth General Review of Quotas-Notification from the Executive Board to the Board of Governors
			: October 2019

Fifteenth General Review of Quotas-Notification from the Executive Board to the Board of Governors : October 2019 »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

DOI: http://dx.doi.org/10.5089/9781513530086.007

ISBN: 9781513530086

On October 15, 2019, the Executive Board notified the Board of Governors that the conclusion of the Fifteenth Review was part of a package on Fund resources and governance reform on which discussions were still ong...

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines »

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

DOI: http://dx.doi.org/10.5089/9781513530062.007

ISBN: 9781513530062

Keywords: International monetary system, Forward commitment capacity, Central banks, Monetary authorities, Credit, NAB, PP, general review, IMFC, executive board

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate siz...

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines »

Source: Proposed Decisions to Modify the New Arrangements to Borrow and to Extend the Deadline for a Review of the Borrowing Guidelines

Volume: 20

Series: Policy Papers

Author(s): International Monetary Fund. Finance Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 February 2020

ISBN: 9781513530062

Keywords: International monetary system, Forward commitment capacity, Central banks, Monetary authorities, Credit, NAB, PP, general review, IMFC, executive board

This paper presents a proposal for reforming the NAB with a doubling of the aggregate size of the NAB and amendments to the NAB Decision. The proposal contains the following key elements: doubling the aggregate siz...

The Future of Oil and Fiscal Sustainability in the GCC Region