Appendix VI. Executive Board Decision on Fund’s Investment Program
- International Monetary Fund
- Published Date:
- September 1960
The Executive Directors (1) decide that for the purposes of Executive Board Decisions No. 488-(56/5)1 and No. 708-(57/57)2 on the investment of the proceeds of the sale of gold, the amount of $500,000,000 shall be substituted for $200,000,000 in Paragraph III of Executive Board Decision No. 488-(56/5), and (2) pursuant to Article XVIII(a), interpret the Articles of Agreement to permit such investment in U.S. securities having a term to maturity not exceeding twelve months.
July 24, 1959