Index
(*indicates Decision as amended)
References are to the Second Amendment of the Articles of Agreement, which entered into force April 1, 1978, unless indicated otherwise.
Refers to Articles of Agreement, as amended effective July 28, 1969, before entry into force of the Second Amendment.
Corresponds to Rule 0-2 in Fund’s Rules and Regulations, Thirty-Fifth Issue, July 1, 1978.
| Decision No |
Page | ||||
|---|---|---|---|---|---|
| A | Accounts: | ||||
| General Resources Account: | |||||
| Adjustment of currency holdings of members | 5590-(77/163) | 47 | |||
| Exchange rate for Fund computations | 5590-(77/163) | 47 | |||
| Purchase of SDRs for payment of charges | 5702-(78/39) G/S | 46 | |||
| Transfer of special drawing rights to participants to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Subsidy Account: | |||||
| Amendment of decision after date of Second Amendment | 5694-(78/35) | 40 | |||
| Annual review and payment for fiscal year 1976 | 5144-(76/102) SA | 38 | |||
| Annual review and payment for fiscal year 1977 | 5425-(77/79) SA | 38 | |||
| Annual review and rate of subsidy for financial year 1978 | 5726-(78/59) SA | 39 | |||
| Adjustment process, international, review | 5392-(77/63) | 7 | |||
| Articles of Agreement:1 | |||||
| Article III, Section 2(a), general review of quotas | B/G Res. 34-2 | 92 | |||
| Article IV, exchange arrangements | 5392-(77/63) | 9 | |||
| 5712-(78/41) | 3 | ||||
| Article IV, Section 3, surveillance over exchange rate policies | 5392-(77/63) | 6 | |||
| Article V, Section 1, borrowing arrangements | *1289-(62/1) | 56 | |||
| Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund | *1289-(62/1) | 53 | |||
| purchase of SDRs to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Article V, Section 3(b) (iii), waiver | 5508-(77/127) | 24 | |||
| Article V, Section 3(d), sale of members’ currencies for repurchases | 5704-(78/39) | 42 | |||
| Article V, Section 6, purchase of SDRs by participants to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Article V, Section 7, repurchases | *1289-(62/1) | 53 | |||
| 5703-(78/39) | 43,44 | ||||
| 5704-(78/39) | 42 | ||||
| 5809-(78/88) | 45 | ||||
| Article V, Section 1(b), early repurchases | 5704-(78/39) | 41 | |||
| Article V, Section 8, media of payment of charges | 5702-(78/39) G/S | 46 | |||
| Article V, Section 8(b), charges | 5546-(77/138) | 11,13,17 | |||
| 5585-(77/161) | 29,33 | ||||
| 5703-(78/39) | 43 | ||||
| Article V, Section 11, adjustment of Fund’s holdings of members’ currencies | 5590-(77/163) | 48 | |||
| Article VII,2 replenishment of Fund’s holdings of currencies | 5508-(77/127) | 19 | |||
| 5509-(77/127) | 70 | ||||
| Article VII, Section 1, borrowing by Fund | *1289-(62/1) | 49 | |||
| Article VIII, consultations | 5392-(77/63) | 9 | |||
| Article VIII, Section 3, multiple currency practices | 5712-(78/41) | 5 | |||
| Article VIII, Section 7, special drawing rights | B/G Res. 34-3 | 105 | |||
| Article XIV, consultations | 5392-(77/63) | 9 | |||
| Article XV, Section 2, valuation of special drawing right | 5718-(78/46) G/S | 78 | |||
| Article XVIII, allocation of special drawing rights | B/G Res. 34-3 | 103 | |||
| Article XIX, Section 6, reconstitution | 5699-(78/38) G/S | 80 | |||
| 5936-(78/168)S | 81 | ||||
| Article XIX, Section 7(a), calculation of exchange rates | *1289-(62/1) | 56 | |||
| Article XXII, special drawing rights | B/G Res. 34-3 | 105 | |||
| Article XXV, Section 6(b),2 rules for reconstitution | B/G Res. 33-1 | 91 | |||
| Article XXVI, Section 3, borrowing arrangements | *1289-(62/1) | 57 | |||
| Article XXVII, borrowing arrangements | *1289-(62/1) | 57 | |||
| Article XXVII(a) (i),2 rules for reconstitution | B/G Res. 33-1 | 91 | |||
| Article XXX(c), exclusion of special facilities | 5508-(77/127) | 24 | |||
| 537H77/51) | 82 | ||||
| 5591-(77/163) | 82 | ||||
| Article XXX(f), freely usable currencies | 5719-(78/46) | 83 | |||
| Schedule B, repurchases | 5699-(78/38) G/S | 80 | |||
| 5703-(78/39) | 43,44 | ||||
| 5704-(78/39) | 42 | ||||
| Schedule E, paragraph 12 | 5288-(76/167) | 62 | |||
| 5387-(77/61) | 65 | ||||
| Schedule G, paragraph 1(a), reconstitution | 5699-(78/38) G/S | 80 | |||
| 5936-(78/168)S | 81 | ||||
| Schedule J | *1289-(62/1) | 57 | |||
| Schedule K | *1289-(62/1) | 57 | |||
| Augmentation; see Stand-by arrangements | |||||
| B | Bank for International Settlements, Trust Fund deposits denominated in SDRs | 5973-(78/189) TR | 87 | ||
| Borrowing: | |||||
| Agreement with Swiss National Bank: | |||||
| 1976 | 5288-(76/167) | 59 | |||
| 1977 | 5387-(77/61) | 62 | |||
| Interest, media of payment | 5331-(77/15) | 66 | |||
| 5488-(77/116) | 66 | ||||
| Transfer charges, media of payment | 5306-(77/2) | 66 | |||
| 5488-(77/116) | 66 | ||||
| General Arrangements to Borrow, amendment to conform with Second Amendment of Articles | *1289-(62/1) | 49 | |||
| Oil facility: | |||||
| Media of repayments | 5441-(77/84) | 67 | |||
| Transferability of claims | 5974-(78/190) | 67 | |||
| Buffer stock financing facility: | |||||
| 1977 International Sugar Agreement | 5597-(77/171) | 35 | |||
| Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase” | 5591-(77/163) | 82 | |||
| Fifth International Tin Agreement | 5127-(76/91) | 34 | |||
| Repurchases | 5703-(78/39) | 43 | |||
| C | Charges: | ||||
| Borrowing agreements with Swiss National Bank | 5288-(76/167) | 59 | |||
| 5306-(77/2) | 66 | ||||
| 5387-(77/61) | 64 | ||||
| 5488-(77/116) | 66 | ||||
| Decreases in Fund’s holdings of a currency | 5700-(78/38) | 46 | |||
| General Arrangements to Borrow | #1289-(62/1) | 53 | |||
| Media of payment | 5702-(78/39) G/S | 46 | |||
| Payment by nonparticipant in Special Drawing Rights Department | 5702-(78/39) G/S | 46 | |||
| Supplementary financing facility | 5508-(77/127) | 24 | |||
| 5585-(77/161) | 29,32 | ||||
| Commodity agreements; see Buffer stock financing facility | |||||
| Compensatory financing of export fluctuations: | |||||
| Repurchases | 5703-(78/39) | 43 | |||
| Review, amendment of decision | 5348-(77/33) | 18 | |||
| Review when drawings in 12-month period exceed stated amount | 5088-(76/77) | 18 | |||
| 5348-(77/33) | 18 | ||||
| Consultations with members: | |||||
| Changes in member’s exchange policy without notification to Fund | 5712-(78/41) | 5 | |||
| Conduct by Managing Director in interval between Article IV consultations | 5392-(77/63) | 10 | |||
| Consultations under Article IV | 5392-(77/63) | 9 | |||
| Special consultations | 5392-(77/63) | 9 | |||
| Currencies (see also Holdings of the Fund): | |||||
| Composition of special drawing right | 5718-(78/46) G/S | 78 | |||
| Freely usable currencies | 5719-(78/46) | 83 | |||
| Rates for computations and maintenance of value | 5590-(77/163) | 47 | |||
| Replenishment in connection with supplementary financing facility | 5509-(77/127) | 70 | |||
| Selection for payment of charges | 5702-(78/39) G/S | 46 | |||
| Selection for purchases and repurchases under stand-by and extended arrangements | 5546-(77/138) | 13,16 | |||
| Selection from operational budget to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Specified by the Fund, use in repurchases | 5703-(78/39) | 44 | |||
| 5809-(78/88) | 45 | ||||
| E | Exchange arrangements, notification | 5392-(77/63) | 9 | ||
| 5712-(78/41) | 3 | ||||
| Exchange rates: | |||||
| Exchange rate policies of members, principles for guidance | 5392-(77/63) | 7 | |||
| Flexible exchange arrangements | 5712-(78/41) | 4 | |||
| Notification to Fund | 5392-(77/63) | 9 | |||
| 5712-(78/41) | 3 | ||||
| Pegs, notification to Fund of changes | 5712-(78/41) | 4 | |||
| Exchange taxes, notification to Fund | 5712-(78/41) | 5 | |||
| Exchange transactions (see also Use of Fund’s resources): | |||||
| Purchases under buffer stock financing facility | 5127-(76/91) | 34 | |||
| 5597-(77/171) | 36 | ||||
| Purchases under extended Fund facility | 5508-(77/127) | 21 | |||
| 5546-(77/138) | 15 | ||||
| 5585-(77/161) | 31 | ||||
| Purchases under stand-by arrangements | 5508-(77/127) | 21 | |||
| 5546-(77/138) | 12 | ||||
| 5585-(77/161) | 27 | ||||
| Purchases under supplementary financing facility | 5508-(77/127) | 21, 24 | |||
| Use of special drawing rights | 5546-(77/138) | 11 | |||
| Executive Board: | |||||
| Annual review of implementation of surveillance over members’ exchange rate policies | 5392-(77/63) | 10 | |||
| Communication of changes in members’ exchange arrangements | 5712-(78/41) | 5 | |||
| Information on operation of buffer stocks | 5127-(76/91) | 35 | |||
| 5597-(77/171) | 37 | ||||
| Notice of repayments under oil facility | 5441-(77/84) | 67 | |||
| Report by Managing Director on discussion with member on exchange rate policies | 5392-(77/63) | 10 | |||
| Review of broad developments in exchange rates | 5392-(77/63) | 9 | |||
| Review of functioning of international adjustment process | 5392-(77/63) | 7 | |||
| Review of reconstitution | B/G Res. 33-1 | 91 | |||
| Extended arrangements: | |||||
| Augmentation of rights to make purchases, elimination | 5706-(78/39) | 17 | |||
| Provision for supplementary financing | 5508-(77/127) | 19 | |||
| Review of decision on extended Fund facility | 5220-(76/144) | 19 | |||
| Text before and after Second Amendment | 5546-(77/138) | 11 | |||
| Text to be used for supplementary financing facility | 5585-(77/161) | 25 | |||
| Extended Fund facility; see Extended arrangements | |||||
| F | Freely usable currencies | 5719-(78/46) | 83 | ||
| G | General Arrangements to Borrow | *1289-(62/1) | 49 | ||
| Gold: | |||||
| Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund | 5703-(78/39) | 43 | |||
| 5809-(78/88) | 45 | ||||
| Sale for benefit of developing members, distribution of profits through Trust Fund | 5709-(78/41) TR | 86 | |||
| 5832-(78/95) TR | 86 | ||||
| Gold tranche, references | 5546-(77/138) | 11 | |||
| H | Holdings of the Fund: | ||||
| Adjustment by Fund | 5590-(77/163) | 47 | |||
| Attribution of reductions to repurchase obligations | 5705-(78/39) | 45 | |||
| Computations and adjustment, rates | 5590-(77/163) | 47 | |||
| Decreases, application of charges | 5700-(78/38) | 46 | |||
| Exclusion under buffer stock facility | 5591-(77/163) | 82 | |||
| Exclusion under oil facility | 5371-(77/51) | 82 | |||
| Replenishment in connection with supplementary financing facility | 5509-(77/127) | 70 | |||
| I | Interest: | ||||
| Payment on Fund indebtedness to Swiss National Bank | 5288-(76/167) | 61 | |||
| 533H77/15) | 66 | ||||
| 5387-(77/61) | 64 | ||||
| 5488-(77/116) | 66 | ||||
| Payment on Fund indebtedness under General Arrangements to Borrow | *1289-(62/1) | 53 | |||
| Payment of interest on transferred claim under oil facility | 5974-(78/190) | 68 | |||
| Payment under supplementary financing facility | 5509-(77/127), Annex | 73 | |||
| Payments by members under Trust Fund loan agreements | 5454-(77/90) TR | 85 | |||
| 5610-(77/175) TR | 85 | ||||
| 5827-(78/91) TR | 86 | ||||
| Interim Committee, review of functioning of international adjustment process | 5392-(77/63) | 7 | |||
| International Sugar and Tin Agreements; see Buffer stock financing facility | |||||
| M | Managing Director: | ||||
| Arrangements for repayments of borrowing under oil facility | 5441-(77/84) | 67 | |||
| Consultation by member before making request under supplementary financing facility | 5508-(77/127) | 20 | |||
| Consultation with members when notice of exchange policy change not received | 5712-(78/41) | 5 | |||
| Discussions with members on exchange policies | 5392-(77/63) | 9 | |||
| Placement of Trust Fund investments in SDR-denominated deposits | 5973-(78/189) TR | 87 | |||
| Proposal for allocation of SDRs for third basic period | B/G Res. 34-3 | 103 | |||
| Proposals for calls under General Arrangements to Borrow | *1289-(62/1) | 52 | |||
| Proposals for Trust Fund investments | 5973-(78/189) TR | 87 | |||
| Selection of currencies for payment of charges | 5702-(78/39) G/S | 46 | |||
| Selection of currencies to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Multiple currency practices, prior Fund approval | 5712-(78/41) | 5 | |||
| N | Nonmetropolitan territories, notification of exchange arrangements | 5712-(78/41) | 3 | ||
| O | Oil facility: | ||||
| Exclusion of purchases for purpose of definition of “reserve tranche purchase” | 5371-(77/51) | 82 | |||
| Media of repayments of borrowing | 5441-(77/84) | 67 | |||
| Transferability of claims | 5974-(78/190) | 67 | |||
| P | Participants in Special Drawing Rights Department, transfer of SDRs held in General Resources Account | 5699-(78/38) G/S | 80 | ||
| Q | Quotas, increases under Seventh General Review | B/G Res. 34-2 | 92 | ||
| R | Reconstitution; see Special drawing rights, Reconstitution | ||||
| Replenishment; see Holdings of the Fund | |||||
| Repurchases: | |||||
| Attribution of reductions in Fund’s holdings of currencies | 5705-(78/39) | 45 | |||
| Buffer stock facility, 1977 International Sugar Agreement | 5597-(77/171) | 37 | |||
| Early, summary of guidelines | 5704-(78/39) | 41 | |||
| Obligations that accrued in gold | 5809-(78/88) | 45 | |||
| Obligations to pay gold, payment with SDRs or currencies of other members | 5703-(78/39) | 43 | |||
| Procedures | 5703-(78/39) | 43 | |||
| Resulting from purchases under stand-by and extended arrangements after October 1, 1977 | 5546-(77/138) | 11 | |||
| Stand-by and extended arrangements after date of Second Amendment | 5546-(77/138) | 11 | |||
| Supplementary financing facility | 5508-(77/127) | 23 | |||
| 5585-(77/161) | 29,33 | ||||
| Use of special drawing rights | 5546-(77/138) | 11 | |||
| Reserve tranche; see Use of Fund’s resources | |||||
| Rule G-1 | * 1289-(62/1) | 56 | |||
| Rule 1-4 (b), charges | 5700-(78/38) | 46 | |||
| Rule 1-7, charges | 5700-(78/38) | 46 | |||
| Rule 0-2, determination of exchange rate | * 1289-(62/1) | 56 | |||
| 5590-(77/163) | 47 | ||||
| Rule O-33 | 5288-(76/167) | 60 | |||
| 5387-(77/61) | 63 | ||||
| Rule R-2 | 5699-(78/38) G/S | 80 | |||
| Rule R-3 | 5699-(78/38) G/S | 80 | |||
| S | Special drawing rights: | ||||
| Allocation for third basic period | B/G 34-3 | 103 | |||
| Change in method of valuation, effect on claims under supplementary financing facility | 5509-(77/127), Annex | 75 | |||
| Method of valuation | 5718-(78/46) G/S | 78 | |||
| Purchases and repurchases under stand-by and extended arrangements | 5546-(77/138) | 11,16 | |||
| Reconstitution: | |||||
| Reduction in minimum average holdings of SDRs | 5936-(78/168) S | 81 | |||
| Review | B/G Res. 33-1 | 91 | |||
| Transfer of SDRs held in General Resources Account to participants to promote | 5699-(78/38)G/S | 80 | |||
| SDR-denominated deposits with Bank for International Settlements | 5973-(78/189) TR | 87 | |||
| Use in drawings and repurchases | 5546-(77/138) | 11 | |||
| 5703-(78/39) | 44 | ||||
| 5809-(78/88) | 45 | ||||
| Use in payment of charges | 5702-(78/39) G/S | 46 | |||
| Use in payment of transferred claims under oil facility | 5974-(78/190) | 69 | |||
| Valuation for use in borrowing arrangements | *1289-(62/1) | 56 | |||
| 5288-(76/167) | 60 | ||||
| 5387-(77/61) | 63 | ||||
| Stabilization of prices of primary products, Fund facility, repurchases (see also Buffer stock financing facility) | 5703-(78/39) | 43 | |||
| Stand-by arrangements: | |||||
| Augmentation of rights to make purchases, elimination | 5706-(78/39) | 17 | |||
| Provision for supplementary financing | 5508-(77/127) | 19 | |||
| Text before and after Second Amendment | 5546-(77/138) | 11 | |||
| Text to be used for supplementary financing facility | 5585-(77/161) | 25 | |||
| Subsidies, members’ actions, notification to Fund | 5712-(78/41) | 5 | |||
| Subsidy Account; see Accounts, Subsidy Account | |||||
| Supplementary financing facility: | |||||
| Establishment | 5508-(77/127) | 19 | |||
| Implementation: text of stand-by and extended arrangements | 5585-(77/161) | 25 | |||
| No provision for augmentation of rights to purchase | 5706-(78/39) | 17 | |||
| Replenishment of Fund’s holdings of currencies | 5509-(77/127) | 70 | |||
| Surveillance over Exchange Rate Policies | 5392-(77/63) | 5 | |||
| Swiss National Bank, borrowing agreements with Fund | 5288-(76/167) | 59 | |||
| 5387-(77/61) | 62 | ||||
| Transfer charges and interest, media of payment | 5306-(77/2) | 66 | |||
| 5331-(77/15) | 66 | ||||
| 5488-(77/116) | 66 | ||||
| T | Trust Fund: | ||||
| Distribution of profits from sale of gold for benefit of developing countries | 5709-(78/41) TR | 86 | |||
| Diversification of investments | 5972-(78/189) | 85 | |||
| 5973-(78/189) TR | 87 | ||||
| Eligible members, review of list | 5563-(77/150) TR | 84 | |||
| Final payments of profits and loans for period July 1, 1976-June 30, 1978 | 5832-(78/95) TR | 86 | |||
| Instrument, amendment | 5563-(77/150) TR | 84 | |||
| 5972-(78/189) | 85 | ||||
| Means of payment of interest | 5454-(77/90) TR | 85 | |||
| 5610-(77/175) TR | 85 | ||||
| 5827-(78/91) TR | 86 | ||||
| U | United States dollars, use for payment of interest and other Fund liabilities | 5288-(76/167) | 62 | ||
| 5306-(77/2) | 66 | ||||
| 5331-(77/15) | 66 | ||||
| 5387-(77/61) | 65 | ||||
| 5454-(77/90) TR | 85 | ||||
| 5488-(77/116) | 66 | ||||
| 5610-(77/175) TR | 86 | ||||
| 5827-(78/91) TR | 86 | ||||
| Use of Fund’s resources (see also Exchange transactions; Repurchases): | |||||
| Credit tranche policies, application under supplementary financing facility | 5508-(77/127) | 20,24 | |||
| Reserve tranche purchase, exclusion of special facilities | 5371-(77/51) | 82 | |||
| 5591-(77/163) | 82 | ||||
| Reserve tranche, references | 5546-(77/138) | 11 | |||
| Stand-by and extended arrangements before and after Second Amendment | 5546-(77/138) | 11 | |||
| W | Waivers of Article V, Section 3(b) (iii) | 5508-(77/127) | 24 | ||
| World Economic Outlook, framework for discussions of international adjustment process | 5392-(77/63) | 9 | |||
References are to the Second Amendment of the Articles of Agreement, which entered into force April 1, 1978, unless indicated otherwise.
Refers to Articles of Agreement, as amended effective July 28, 1969, before entry into force of the Second Amendment.
Corresponds to Rule 0-2 in Fund’s Rules and Regulations, Thirty-Fifth Issue, July 1, 1978.
| Decision No |
Page | ||||
|---|---|---|---|---|---|
| A | Accounts: | ||||
| General Resources Account: | |||||
| Adjustment of currency holdings of members | 5590-(77/163) | 47 | |||
| Exchange rate for Fund computations | 5590-(77/163) | 47 | |||
| Purchase of SDRs for payment of charges | 5702-(78/39) G/S | 46 | |||
| Transfer of special drawing rights to participants to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Subsidy Account: | |||||
| Amendment of decision after date of Second Amendment | 5694-(78/35) | 40 | |||
| Annual review and payment for fiscal year 1976 | 5144-(76/102) SA | 38 | |||
| Annual review and payment for fiscal year 1977 | 5425-(77/79) SA | 38 | |||
| Annual review and rate of subsidy for financial year 1978 | 5726-(78/59) SA | 39 | |||
| Adjustment process, international, review | 5392-(77/63) | 7 | |||
| Articles of Agreement:1 | |||||
| Article III, Section 2(a), general review of quotas | B/G Res. 34-2 | 92 | |||
| Article IV, exchange arrangements | 5392-(77/63) | 9 | |||
| 5712-(78/41) | 3 | ||||
| Article IV, Section 3, surveillance over exchange rate policies | 5392-(77/63) | 6 | |||
| Article V, Section 1, borrowing arrangements | *1289-(62/1) | 56 | |||
| Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund | *1289-(62/1) | 53 | |||
| purchase of SDRs to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Article V, Section 3(b) (iii), waiver | 5508-(77/127) | 24 | |||
| Article V, Section 3(d), sale of members’ currencies for repurchases | 5704-(78/39) | 42 | |||
| Article V, Section 6, purchase of SDRs by participants to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Article V, Section 7, repurchases | *1289-(62/1) | 53 | |||
| 5703-(78/39) | 43,44 | ||||
| 5704-(78/39) | 42 | ||||
| 5809-(78/88) | 45 | ||||
| Article V, Section 1(b), early repurchases | 5704-(78/39) | 41 | |||
| Article V, Section 8, media of payment of charges | 5702-(78/39) G/S | 46 | |||
| Article V, Section 8(b), charges | 5546-(77/138) | 11,13,17 | |||
| 5585-(77/161) | 29,33 | ||||
| 5703-(78/39) | 43 | ||||
| Article V, Section 11, adjustment of Fund’s holdings of members’ currencies | 5590-(77/163) | 48 | |||
| Article VII,2 replenishment of Fund’s holdings of currencies | 5508-(77/127) | 19 | |||
| 5509-(77/127) | 70 | ||||
| Article VII, Section 1, borrowing by Fund | *1289-(62/1) | 49 | |||
| Article VIII, consultations | 5392-(77/63) | 9 | |||
| Article VIII, Section 3, multiple currency practices | 5712-(78/41) | 5 | |||
| Article VIII, Section 7, special drawing rights | B/G Res. 34-3 | 105 | |||
| Article XIV, consultations | 5392-(77/63) | 9 | |||
| Article XV, Section 2, valuation of special drawing right | 5718-(78/46) G/S | 78 | |||
| Article XVIII, allocation of special drawing rights | B/G Res. 34-3 | 103 | |||
| Article XIX, Section 6, reconstitution | 5699-(78/38) G/S | 80 | |||
| 5936-(78/168)S | 81 | ||||
| Article XIX, Section 7(a), calculation of exchange rates | *1289-(62/1) | 56 | |||
| Article XXII, special drawing rights | B/G Res. 34-3 | 105 | |||
| Article XXV, Section 6(b),2 rules for reconstitution | B/G Res. 33-1 | 91 | |||
| Article XXVI, Section 3, borrowing arrangements | *1289-(62/1) | 57 | |||
| Article XXVII, borrowing arrangements | *1289-(62/1) | 57 | |||
| Article XXVII(a) (i),2 rules for reconstitution | B/G Res. 33-1 | 91 | |||
| Article XXX(c), exclusion of special facilities | 5508-(77/127) | 24 | |||
| 537H77/51) | 82 | ||||
| 5591-(77/163) | 82 | ||||
| Article XXX(f), freely usable currencies | 5719-(78/46) | 83 | |||
| Schedule B, repurchases | 5699-(78/38) G/S | 80 | |||
| 5703-(78/39) | 43,44 | ||||
| 5704-(78/39) | 42 | ||||
| Schedule E, paragraph 12 | 5288-(76/167) | 62 | |||
| 5387-(77/61) | 65 | ||||
| Schedule G, paragraph 1(a), reconstitution | 5699-(78/38) G/S | 80 | |||
| 5936-(78/168)S | 81 | ||||
| Schedule J | *1289-(62/1) | 57 | |||
| Schedule K | *1289-(62/1) | 57 | |||
| Augmentation; see Stand-by arrangements | |||||
| B | Bank for International Settlements, Trust Fund deposits denominated in SDRs | 5973-(78/189) TR | 87 | ||
| Borrowing: | |||||
| Agreement with Swiss National Bank: | |||||
| 1976 | 5288-(76/167) | 59 | |||
| 1977 | 5387-(77/61) | 62 | |||
| Interest, media of payment | 5331-(77/15) | 66 | |||
| 5488-(77/116) | 66 | ||||
| Transfer charges, media of payment | 5306-(77/2) | 66 | |||
| 5488-(77/116) | 66 | ||||
| General Arrangements to Borrow, amendment to conform with Second Amendment of Articles | *1289-(62/1) | 49 | |||
| Oil facility: | |||||
| Media of repayments | 5441-(77/84) | 67 | |||
| Transferability of claims | 5974-(78/190) | 67 | |||
| Buffer stock financing facility: | |||||
| 1977 International Sugar Agreement | 5597-(77/171) | 35 | |||
| Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase” | 5591-(77/163) | 82 | |||
| Fifth International Tin Agreement | 5127-(76/91) | 34 | |||
| Repurchases | 5703-(78/39) | 43 | |||
| C | Charges: | ||||
| Borrowing agreements with Swiss National Bank | 5288-(76/167) | 59 | |||
| 5306-(77/2) | 66 | ||||
| 5387-(77/61) | 64 | ||||
| 5488-(77/116) | 66 | ||||
| Decreases in Fund’s holdings of a currency | 5700-(78/38) | 46 | |||
| General Arrangements to Borrow | #1289-(62/1) | 53 | |||
| Media of payment | 5702-(78/39) G/S | 46 | |||
| Payment by nonparticipant in Special Drawing Rights Department | 5702-(78/39) G/S | 46 | |||
| Supplementary financing facility | 5508-(77/127) | 24 | |||
| 5585-(77/161) | 29,32 | ||||
| Commodity agreements; see Buffer stock financing facility | |||||
| Compensatory financing of export fluctuations: | |||||
| Repurchases | 5703-(78/39) | 43 | |||
| Review, amendment of decision | 5348-(77/33) | 18 | |||
| Review when drawings in 12-month period exceed stated amount | 5088-(76/77) | 18 | |||
| 5348-(77/33) | 18 | ||||
| Consultations with members: | |||||
| Changes in member’s exchange policy without notification to Fund | 5712-(78/41) | 5 | |||
| Conduct by Managing Director in interval between Article IV consultations | 5392-(77/63) | 10 | |||
| Consultations under Article IV | 5392-(77/63) | 9 | |||
| Special consultations | 5392-(77/63) | 9 | |||
| Currencies (see also Holdings of the Fund): | |||||
| Composition of special drawing right | 5718-(78/46) G/S | 78 | |||
| Freely usable currencies | 5719-(78/46) | 83 | |||
| Rates for computations and maintenance of value | 5590-(77/163) | 47 | |||
| Replenishment in connection with supplementary financing facility | 5509-(77/127) | 70 | |||
| Selection for payment of charges | 5702-(78/39) G/S | 46 | |||
| Selection for purchases and repurchases under stand-by and extended arrangements | 5546-(77/138) | 13,16 | |||
| Selection from operational budget to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Specified by the Fund, use in repurchases | 5703-(78/39) | 44 | |||
| 5809-(78/88) | 45 | ||||
| E | Exchange arrangements, notification | 5392-(77/63) | 9 | ||
| 5712-(78/41) | 3 | ||||
| Exchange rates: | |||||
| Exchange rate policies of members, principles for guidance | 5392-(77/63) | 7 | |||
| Flexible exchange arrangements | 5712-(78/41) | 4 | |||
| Notification to Fund | 5392-(77/63) | 9 | |||
| 5712-(78/41) | 3 | ||||
| Pegs, notification to Fund of changes | 5712-(78/41) | 4 | |||
| Exchange taxes, notification to Fund | 5712-(78/41) | 5 | |||
| Exchange transactions (see also Use of Fund’s resources): | |||||
| Purchases under buffer stock financing facility | 5127-(76/91) | 34 | |||
| 5597-(77/171) | 36 | ||||
| Purchases under extended Fund facility | 5508-(77/127) | 21 | |||
| 5546-(77/138) | 15 | ||||
| 5585-(77/161) | 31 | ||||
| Purchases under stand-by arrangements | 5508-(77/127) | 21 | |||
| 5546-(77/138) | 12 | ||||
| 5585-(77/161) | 27 | ||||
| Purchases under supplementary financing facility | 5508-(77/127) | 21, 24 | |||
| Use of special drawing rights | 5546-(77/138) | 11 | |||
| Executive Board: | |||||
| Annual review of implementation of surveillance over members’ exchange rate policies | 5392-(77/63) | 10 | |||
| Communication of changes in members’ exchange arrangements | 5712-(78/41) | 5 | |||
| Information on operation of buffer stocks | 5127-(76/91) | 35 | |||
| 5597-(77/171) | 37 | ||||
| Notice of repayments under oil facility | 5441-(77/84) | 67 | |||
| Report by Managing Director on discussion with member on exchange rate policies | 5392-(77/63) | 10 | |||
| Review of broad developments in exchange rates | 5392-(77/63) | 9 | |||
| Review of functioning of international adjustment process | 5392-(77/63) | 7 | |||
| Review of reconstitution | B/G Res. 33-1 | 91 | |||
| Extended arrangements: | |||||
| Augmentation of rights to make purchases, elimination | 5706-(78/39) | 17 | |||
| Provision for supplementary financing | 5508-(77/127) | 19 | |||
| Review of decision on extended Fund facility | 5220-(76/144) | 19 | |||
| Text before and after Second Amendment | 5546-(77/138) | 11 | |||
| Text to be used for supplementary financing facility | 5585-(77/161) | 25 | |||
| Extended Fund facility; see Extended arrangements | |||||
| F | Freely usable currencies | 5719-(78/46) | 83 | ||
| G | General Arrangements to Borrow | *1289-(62/1) | 49 | ||
| Gold: | |||||
| Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund | 5703-(78/39) | 43 | |||
| 5809-(78/88) | 45 | ||||
| Sale for benefit of developing members, distribution of profits through Trust Fund | 5709-(78/41) TR | 86 | |||
| 5832-(78/95) TR | 86 | ||||
| Gold tranche, references | 5546-(77/138) | 11 | |||
| H | Holdings of the Fund: | ||||
| Adjustment by Fund | 5590-(77/163) | 47 | |||
| Attribution of reductions to repurchase obligations | 5705-(78/39) | 45 | |||
| Computations and adjustment, rates | 5590-(77/163) | 47 | |||
| Decreases, application of charges | 5700-(78/38) | 46 | |||
| Exclusion under buffer stock facility | 5591-(77/163) | 82 | |||
| Exclusion under oil facility | 5371-(77/51) | 82 | |||
| Replenishment in connection with supplementary financing facility | 5509-(77/127) | 70 | |||
| I | Interest: | ||||
| Payment on Fund indebtedness to Swiss National Bank | 5288-(76/167) | 61 | |||
| 533H77/15) | 66 | ||||
| 5387-(77/61) | 64 | ||||
| 5488-(77/116) | 66 | ||||
| Payment on Fund indebtedness under General Arrangements to Borrow | *1289-(62/1) | 53 | |||
| Payment of interest on transferred claim under oil facility | 5974-(78/190) | 68 | |||
| Payment under supplementary financing facility | 5509-(77/127), Annex | 73 | |||
| Payments by members under Trust Fund loan agreements | 5454-(77/90) TR | 85 | |||
| 5610-(77/175) TR | 85 | ||||
| 5827-(78/91) TR | 86 | ||||
| Interim Committee, review of functioning of international adjustment process | 5392-(77/63) | 7 | |||
| International Sugar and Tin Agreements; see Buffer stock financing facility | |||||
| M | Managing Director: | ||||
| Arrangements for repayments of borrowing under oil facility | 5441-(77/84) | 67 | |||
| Consultation by member before making request under supplementary financing facility | 5508-(77/127) | 20 | |||
| Consultation with members when notice of exchange policy change not received | 5712-(78/41) | 5 | |||
| Discussions with members on exchange policies | 5392-(77/63) | 9 | |||
| Placement of Trust Fund investments in SDR-denominated deposits | 5973-(78/189) TR | 87 | |||
| Proposal for allocation of SDRs for third basic period | B/G Res. 34-3 | 103 | |||
| Proposals for calls under General Arrangements to Borrow | *1289-(62/1) | 52 | |||
| Proposals for Trust Fund investments | 5973-(78/189) TR | 87 | |||
| Selection of currencies for payment of charges | 5702-(78/39) G/S | 46 | |||
| Selection of currencies to promote reconstitution | 5699-(78/38) G/S | 80 | |||
| Multiple currency practices, prior Fund approval | 5712-(78/41) | 5 | |||
| N | Nonmetropolitan territories, notification of exchange arrangements | 5712-(78/41) | 3 | ||
| O | Oil facility: | ||||
| Exclusion of purchases for purpose of definition of “reserve tranche purchase” | 5371-(77/51) | 82 | |||
| Media of repayments of borrowing | 5441-(77/84) | 67 | |||
| Transferability of claims | 5974-(78/190) | 67 | |||
| P | Participants in Special Drawing Rights Department, transfer of SDRs held in General Resources Account | 5699-(78/38) G/S | 80 | ||
| Q | Quotas, increases under Seventh General Review | B/G Res. 34-2 | 92 | ||
| R | Reconstitution; see Special drawing rights, Reconstitution | ||||
| Replenishment; see Holdings of the Fund | |||||
| Repurchases: | |||||
| Attribution of reductions in Fund’s holdings of currencies | 5705-(78/39) | 45 | |||
| Buffer stock facility, 1977 International Sugar Agreement | 5597-(77/171) | 37 | |||
| Early, summary of guidelines | 5704-(78/39) | 41 | |||
| Obligations that accrued in gold | 5809-(78/88) | 45 | |||
| Obligations to pay gold, payment with SDRs or currencies of other members | 5703-(78/39) | 43 | |||
| Procedures | 5703-(78/39) | 43 | |||
| Resulting from purchases under stand-by and extended arrangements after October 1, 1977 | 5546-(77/138) | 11 | |||
| Stand-by and extended arrangements after date of Second Amendment | 5546-(77/138) | 11 | |||
| Supplementary financing facility | 5508-(77/127) | 23 | |||
| 5585-(77/161) | 29,33 | ||||
| Use of special drawing rights | 5546-(77/138) | 11 | |||
| Reserve tranche; see Use of Fund’s resources | |||||
| Rule G-1 | * 1289-(62/1) | 56 | |||
| Rule 1-4 (b), charges | 5700-(78/38) | 46 | |||
| Rule 1-7, charges | 5700-(78/38) | 46 | |||
| Rule 0-2, determination of exchange rate | * 1289-(62/1) | 56 | |||
| 5590-(77/163) | 47 | ||||
| Rule O-33 | 5288-(76/167) | 60 | |||
| 5387-(77/61) | 63 | ||||
| Rule R-2 | 5699-(78/38) G/S | 80 | |||
| Rule R-3 | 5699-(78/38) G/S | 80 | |||
| S | Special drawing rights: | ||||
| Allocation for third basic period | B/G 34-3 | 103 | |||
| Change in method of valuation, effect on claims under supplementary financing facility | 5509-(77/127), Annex | 75 | |||
| Method of valuation | 5718-(78/46) G/S | 78 | |||
| Purchases and repurchases under stand-by and extended arrangements | 5546-(77/138) | 11,16 | |||
| Reconstitution: | |||||
| Reduction in minimum average holdings of SDRs | 5936-(78/168) S | 81 | |||
| Review | B/G Res. 33-1 | 91 | |||
| Transfer of SDRs held in General Resources Account to participants to promote | 5699-(78/38)G/S | 80 | |||
| SDR-denominated deposits with Bank for International Settlements | 5973-(78/189) TR | 87 | |||
| Use in drawings and repurchases | 5546-(77/138) | 11 | |||
| 5703-(78/39) | 44 | ||||
| 5809-(78/88) | 45 | ||||
| Use in payment of charges | 5702-(78/39) G/S | 46 | |||
| Use in payment of transferred claims under oil facility | 5974-(78/190) | 69 | |||
| Valuation for use in borrowing arrangements | *1289-(62/1) | 56 | |||
| 5288-(76/167) | 60 | ||||
| 5387-(77/61) | 63 | ||||
| Stabilization of prices of primary products, Fund facility, repurchases (see also Buffer stock financing facility) | 5703-(78/39) | 43 | |||
| Stand-by arrangements: | |||||
| Augmentation of rights to make purchases, elimination | 5706-(78/39) | 17 | |||
| Provision for supplementary financing | 5508-(77/127) | 19 | |||
| Text before and after Second Amendment | 5546-(77/138) | 11 | |||
| Text to be used for supplementary financing facility | 5585-(77/161) | 25 | |||
| Subsidies, members’ actions, notification to Fund | 5712-(78/41) | 5 | |||
| Subsidy Account; see Accounts, Subsidy Account | |||||
| Supplementary financing facility: | |||||
| Establishment | 5508-(77/127) | 19 | |||
| Implementation: text of stand-by and extended arrangements | 5585-(77/161) | 25 | |||
| No provision for augmentation of rights to purchase | 5706-(78/39) | 17 | |||
| Replenishment of Fund’s holdings of currencies | 5509-(77/127) | 70 | |||
| Surveillance over Exchange Rate Policies | 5392-(77/63) | 5 | |||
| Swiss National Bank, borrowing agreements with Fund | 5288-(76/167) | 59 | |||
| 5387-(77/61) | 62 | ||||
| Transfer charges and interest, media of payment | 5306-(77/2) | 66 | |||
| 5331-(77/15) | 66 | ||||
| 5488-(77/116) | 66 | ||||
| T | Trust Fund: | ||||
| Distribution of profits from sale of gold for benefit of developing countries | 5709-(78/41) TR | 86 | |||
| Diversification of investments | 5972-(78/189) | 85 | |||
| 5973-(78/189) TR | 87 | ||||
| Eligible members, review of list | 5563-(77/150) TR | 84 | |||
| Final payments of profits and loans for period July 1, 1976-June 30, 1978 | 5832-(78/95) TR | 86 | |||
| Instrument, amendment | 5563-(77/150) TR | 84 | |||
| 5972-(78/189) | 85 | ||||
| Means of payment of interest | 5454-(77/90) TR | 85 | |||
| 5610-(77/175) TR | 85 | ||||
| 5827-(78/91) TR | 86 | ||||
| U | United States dollars, use for payment of interest and other Fund liabilities | 5288-(76/167) | 62 | ||
| 5306-(77/2) | 66 | ||||
| 5331-(77/15) | 66 | ||||
| 5387-(77/61) | 65 | ||||
| 5454-(77/90) TR | 85 | ||||
| 5488-(77/116) | 66 | ||||
| 5610-(77/175) TR | 86 | ||||
| 5827-(78/91) TR | 86 | ||||
| Use of Fund’s resources (see also Exchange transactions; Repurchases): | |||||
| Credit tranche policies, application under supplementary financing facility | 5508-(77/127) | 20,24 | |||
| Reserve tranche purchase, exclusion of special facilities | 5371-(77/51) | 82 | |||
| 5591-(77/163) | 82 | ||||
| Reserve tranche, references | 5546-(77/138) | 11 | |||
| Stand-by and extended arrangements before and after Second Amendment | 5546-(77/138) | 11 | |||
| W | Waivers of Article V, Section 3(b) (iii) | 5508-(77/127) | 24 | ||
| World Economic Outlook, framework for discussions of international adjustment process | 5392-(77/63) | 9 | |||
References are to the Second Amendment of the Articles of Agreement, which entered into force April 1, 1978, unless indicated otherwise.
Refers to Articles of Agreement, as amended effective July 28, 1969, before entry into force of the Second Amendment.
Corresponds to Rule 0-2 in Fund’s Rules and Regulations, Thirty-Fifth Issue, July 1, 1978.