Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
September 1986
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Index

Letters are used as follows: c for chart, n for footnote, and t for table.

ABU DHABI

  • Supplementary financing facility, 83t

AFGHANISTAN

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

AFRICA

  • Balances of payments, 11, 22t

  • Capital formation, 11, 12c

  • Debt, 25t, 28, 29t, 30, 166t

  • Economic policies, 11, 13t, 37

  • Exchange rates, 24, 25c

  • Living standards, 11

  • Official borrowing, 166t

  • Output, 10, 10t, 11, 11c, 166t

  • Prices, 12, 13t, 15

  • Purchases from Fund, 48

  • Sub-Saharan countries, 11, 25, 26c, 166t

  • Trade, 25, 26c, 27c, 166t

ALGERIA

  • Exchange arrangements, 74t

  • SDRs, 85t

ANTIGUA AND BARBUDA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

ARGENTINA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Inflation, 9, 12

  • Prices, 12

  • Purchases from Fund, 63, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangements with Fund, 76t, 145t

ARTICLES OF AGREEMENT

  • Article IV, consultations with members, 33, 34, 35, 37, 39, 46

  • Article IV, Section 1 (iii), manipulation of exchange rates, 33; Section 3(a), functioning of the international monetary system, 31; Section 3(b), surveillance over exchange rate policies, 33, 33n

  • Article V, Section 8(a) and (6), overdue charges, 103; Section 8(c), rates of charge, 100; Section 12(f), Structural Adjustment Facility, 48n, 95

  • Article VIII, members accepting obligations of, 91t

  • Article XIX, Section 2(c), use of SDRs in payment of subsidy, 102

  • Article XXVI, Section 2(a), ineligibility to use general resources, 49

  • Schedule B, assets of Trust Fund, 48n

ASIA

  • Balances of payments, 22t, 25, 26c

  • Capital formation, 12c

  • Commercial bank borrowing, 29c

  • Debt, 29t, 166t

  • Economic policies, 11

  • Exchange rates, 24, 25c

  • Living standards, 11

  • International reserves, 29c

  • Investment spending, 11

  • Official borrowing, 29c, 166t

  • Output, 10t, 11, 11c, 166t

  • Prices, 12, 13t

  • Purchases from Fund, 48t

  • Trade, 10, 25, 26c, 27c, 166t

AUSTRALIA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Output, 7

  • SDRs, 85t

  • Supplementary financing facility subsidy account, contribution to, 89t

AUSTRIA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility, 83t

  • Supplementary financing facility subsidy account, contribution to, 89t

BAHAMAS, THE

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

BAHRAIN

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

BANGLADESH

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

BANK FOR INTERNATIONAL SETTLEMENTS (BIS)

  • Borrowing agreement with Fund, 136

  • Borrowed resources suspense accounts, deposits in, 65

  • Fund relations with, 72, 136

  • Prescribed holder of SDRs, 66n

  • Supplementary financing facility subsidy account, investments, 101

BARBADOS

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

BELGIUM

  • Article VIII obligations, acceptance of, 91t

  • European Monetary System, 21

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility, 83t

BELIZE

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

BENIN

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

BHUTAN

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

BOARD OF GOVERNORS

  • Interim Committee on the International Monetary System (Interim Committee): communiqués, 106–13

  • Joint Ministerial Committee of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee): communiqués, 114–19

  • Role in SDR allocations, 41

BOLIVIA

  • Article VIII obligations, acceptance of, 91t

  • Buffer stock facility, use of, 64

  • Exchange arrangements, 24, 74t

  • Inflation, 9, 12

  • Prices, 12

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

BORROWING BY FUND,

  • Bank for International Settlements, 136

  • Enlarged access to Fund resources, 63, 64, 65, 76t, 78t, 136

  • Extended arrangements, financing of, 63, 137

  • General Arrangements to Borrow, 65, 65n, 82t, 136, 137

  • Guidelines for, 65, 137

  • Interest on, 64, 69, 84t

  • Oil facility, 811, 82t

  • Repayment of, 65, 83t, 84t, 144t

  • Saudi Arabian Monetary Agency, 65, 138

  • Stand-by arrangements, financing of, 63

  • Supplementary financing facility, 65, 83t, 136

BOTSWANA

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Technical assistance by Fund, 71

BRAZIL

  • Economic policies, 10

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 63, 79t

  • Inflation, 9, 12

  • Prices, 12

  • Repurchases from Fund, 80t

  • SDRs, 85t

BUDGET OF THE FUND, 128

BUFFER STOCK FINANCING FACILITY

  • Access limits, 47

  • Charges, 85t

  • International Natural Rubber Agreement, 64

  • International Tin Agreement, 64

  • Purchases by members, 64, 47c, 75t, 811, 82t

  • Purpose, 64, 133

  • Repurchases by members, 64, 80t

  • Use of Fund credit, 135

BURKINA FASO

  • Exchange arrangement, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility tor assistance, 98t

BURMA

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

BURUNDI

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

CAMEROON

  • Exchange arrangements, 74t

  • SDRs, 85t

CANADA

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 22t, 24

  • Deficit, fiscal, 21

  • Economic policies, 39

  • Exchange arrangements, 74t

  • Exchange rates, 19, 21c

  • Inflation, 8c, 39

  • Interest rates, 20c

  • Monetary policy, 39

  • aggregates, 4t

  • Output, 3t, 6, 6t, 7

  • Prices, 6t, 8c, 39

  • SDRs, 66, 85t

  • Supplementary financing facility, 83t

  • Trade, 24

  • Unemployment, 7, 7c, 39

CAPE VERDE

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

CAPITAL EXPORTING COUNTRIES See DEVELOPING COUNTRIES

CAPITAL IMPORTING COUNTRIES See DEVELOPING COUNTRIES

CAPITAL IMPORTING FUEL EXPORTERS See DEVELOPING COUNTRIES, OTHER

CAPITAL MARKETS

  • Access of developing countries to, 15, 16, 17, 40, 41

  • Balance of payments adjustment, financing of, 16

  • Capital formation, 11, 12, 12c

  • Deregulation of, 40

  • Exchange rate effects on, 18

  • Eurocurrency markets, 17

  • Growth of, 15, 16

  • Integration and liberalization of, 16, 17, 40

  • International bond markets, 15, 16, 16n

  • International liquidity, role in providing, 17,41

  • Restrictions, relaxing of, 16–17

  • Speculative flows, 16

CENTRAL AFRICAN REPUBLIC

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

CENTRALLY PLANNED ECONOMIES, 15n, 165

CHAD

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

CHILE

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 63, 79t, 145t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

CHINA

  • Balance of payments, 25

  • Classification by Fund, 164, 165

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance and intention not to use, 48, 98t, 98n

CLASSIFICATION OF COUNTRIES, 162-66

COLOMBIA

  • Exchange arrangements, 74t

  • SDRs, 85t

COMMERCIAL BANK LENDING TO DEVELOPING COUNTRIES

  • Capital importing countries, 25, 27, 28, 28t, 29, 29t

  • Debt: amount outstanding, 166t; of capital importing countries, 27, 28, 28t, 29t; reschedulings, 28, 29t, 30; situation and strategy, 33, 41-43

  • Decline in, 16, 27, 28, 44

  • Fund’s role in promoting, 33, 40, 43, 44, 46

  • Indebted countries, 28, 31, 42, 42n

  • List of heavily indebted countries, 165

  • Multilateral development institutions, role of, 28

  • Reserve acquisition, role in, 27, 40

  • Role in supporting Fund adjustment programs, 43, 44

  • Selected indicators of, 29t

  • Supervision of, 40

COMOROS

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

COMPENSATORY FINANCING FACILITY

  • Access limits, review, 47-48

  • Cereal import costs, Executive Board Decision on, 48, 48n, 64, 64n

  • Charges, 85t

  • Executive Board review of, 47-48, 64

  • Purchases by members, 47, 63-64, 75t, 811, 82t

  • Purpose, 63-64, 133

  • Repurchases by members, 64, 80t

  • Use of Fund credit, 135

CONDITIONALITY

  • Collaboration with World Bank, 45–46, 93

  • Guidelines on, 45

  • Implementation of, 44, 45

  • Performance criteria, 45

  • Review of, 44, 99

  • Role of Fund in, 45

  • Scenarios, medium-term, use of, 45

  • Seminars on, 44

  • Structural Adjustment Facility and, 94

FCOUNTRIES WITH DEBT-SERVICING PROBLEMS

  • See DEVELOPING COUNTRIES

COUNTRIES WITHOUT DEBT-SERVICING PROBLEMS

  • See DEVELOPING COUNTRIES

CONGO

  • Exchange arrangements, 74t

  • SDRs, 85t

CONSULTATIONS WITH FUND MEMBERS, 33, 34, 35, 35t, 37, 39, 46

COSTA RICA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

CôTE D’IVOIRE

  • Buffer stock financing facility, use of, 64

  • Debt rescheduling, 43

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 63, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Supplementary financing facility subsidy account, beneficiary, 89t

COUNTRIES, CLASSIFICATION OF, See CLASSIFICATION OF COUNTRIES

CREDIT TRANCHE

  • Arrangements, 43t, 44

  • Purchases from Fund, 43t, 63, 75t, 77t

  • Repurchases from Fund, 44, 80t

CYPRUS

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

DENMARK

  • Article VIII obligations, acceptance of, 91t

  • Deficit, fiscal, 24

  • European Monetary System, 21

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility subsidy account, contribution to, 89t

DEVELOPING COUNTRIES

  • Balances of payments, 9, 10, 16t, 22t, 25, 26c

  • Capital formation, 12c; markets, 17, 25

  • Classification, 162

  • Commercial bank borrowing, 8, 16, 25, 27-28, 28t, 166t

  • Debt, external, 8; rescheduling, 28

  • Deficits, fiscal, 9, 10, 25, 39

  • Economic situation and policies, 8, 9, 10, 12

  • Exchange rates, 24-25, 25c

  • Group of Twenty-Four, report of, 31-32, 35t

  • Inflation, 1, 9

  • Interest rates, 9, 25, 39

  • International bonds, 15, 16, 16n

  • International reserves, 17, 1 7t, 18, 27, 58t, 59t, 60t, 61t

  • Investment, 11

  • Monetary policies, 9, 24, 39

  • Official borrowing, 28t

  • Official development assistance, countries eligible for, 48

  • Output, 1,9, 10, 10t, 11, 11c, 166t

  • Prices: consumer, 13t; non-oil primary commodity, 8, 13, 15c; oil, 12, 13, 15; trade, 14t, 166t

  • Purchases from Fund, 48t

  • SDRs, 85t

  • Structural Adjustment Facility, countries eligible for assistance, 48, 98t

  • Trade, 1, 8-9, 10, 12-14, 14t, 16t, 25, 26, 26c, 27, 27c, 39: exports, 16t, 166t; imports, 16t

  • Unemployment, 11, 39

  • Use of Fund credit, 27, 28

Capital Exporting Countries

  • Balance of payments, 26c

  • Classification, 164

  • Output, 166t

  • Trade: balance, 26c; exports, 166t

Capital Importing Countries

  • Balance of payments, 25, 26c

  • Classification, 164

  • Commercial bank borrowing, 27, 28, 28t

  • Debt: debt service ratio, 28-29, 29t; outstanding, 166t; rescheduling, 28

  • Deficits, fiscal, 25

  • International reserves, 58t

  • Official borrowing, 28t

  • Output, 166t

  • Trade balance, 25, 26c, 166t

  • Use of Fund credit, 27, 28

Diversified Borrowers

  • Classification, 164

  • Debt outstanding, 166t

  • Output, 166t

  • Trade, 166t

Market Borrowers

  • Balance of payments, 22t, 25

  • Classification, 164

  • Debt: outstanding, 166t

  • Deficit, fiscal, 25

  • Output, 166t

  • Trade, 166t

Official Borrowers

  • Balance of payments, 22t, 25

  • Classification, 164

  • Debt outstanding, 166t; servicing, 25

  • Deficit, fiscal, 25

  • Output, 166t

  • Trade, 166t

Countries with Debt-Servicing

  • Problems

  • Debt outstanding, 166t

  • Definition, 164

  • International reserves, 58t

  • Output, 10t, 166t

  • Trade: exports, 166t; imports, 27c

Countries without Debt-Servicing Problems

  • Debt outstanding, 166t

  • Definition, 164

  • Economic policies, 9

  • Output, 166t

  • Trade: exports, 166t; imports, 27c

Fuel Exporters

  • Balance of payments, 22t

  • Classification, 163

  • Debt outstanding, 166t

  • Economic policies, 9

  • Output, 9, 10t, 166t

  • Prices, 12, 14t

  • Trade, 9, 12, 14t, 15, 166t

Non-Fuel Exporters

  • Balance of payments, 22t

  • Debt outstanding, 166t

  • Definition, 164

  • Output, 9, 10t, 166t

  • Prices, 14t

  • Trade, 9, 26-27, 166t

Exporters of Manufactures

  • Classification, 163

  • Debt outstanding, 166t

  • Deficits, fiscal, 9

  • Economic policies, 9, 10

  • Output, 10t, 166t

  • Trade, 10, 166t

Primary Product Exporters

  • Classification, 163

  • Debt outstanding, 166t

  • Deficit, fiscal, 9

  • Economic policies, 10

  • Output, 10t, 166t

  • Trade, 9, 10, 166t

Agricultural exporters

  • Debt outstanding, 166t

  • Definition, 163

  • Output, 166t

  • Trade, 166t

Mineral exporters

  • Classification, 163

  • Debt: financing of, 28; outstanding, 166t

  • Output, 166t

  • Trade, 166t

Service and Remittance Countries

  • Classification, 163

  • Debt outstanding, 166t

  • Output, 10t, 166t

  • Trade, 166t

Non-Oil Developing Countries

  • Classification, 165

  • Debt outstanding, 166t

  • Economic policies, 9, 11

  • Inflation, 1-2

  • Output, 166t

  • Prices, 1-2

  • Remittances and transfers, 11

  • Trade: exports, 166t; terms of, 15

Oil Exporting Countries

  • Classification, 165, 165n

  • Debt outstanding, 166t

  • Economic policies, 9, 11

  • Output, 166t

  • Prices, oil, 1-2, 15, 16c, 16n

  • Remittances and transfers, 11,12

  • Trade: exports, 1,9, 11, 166t; terms of, 15

DEVELOPING COUNTRIES, OTHER

  • Capital Importing Fuel Exporters

    • Classification, 164-65

    • Debt outstanding, 166t

    • Output, 166t

    • Trade: exports, 166t; imports, 27c

  • Heavily Indebted Countries

    • Classification, 165

    • Commercial bank borrowing, 16, 27

    • Debt outstanding, 166t

    • Investment, 27

    • Output, 10t, 166t

    • Trade: exports, 166t; imports, 27c

  • Small Low-Income Countries

    • Classification, 165

    • Debt outstanding, 166t

    • Official development assistance, countries eligible for, 48

    • Output, 166t

    • Structural Adjustment Facility, countries eligible for assistance, 98t

    • Trade: exports, 166t; imports, 27c

  • Sub-Saharan Africa

    • Balance of payments, 25, 26c

    • Classification, 162

    • Debt outstanding, 25, 166t

    • Deficit, fiscal, 25

    • Living standards, 11

    • Output, 166t

    • Prices, 13t

    • Trade: balance, 26c; exports, 166t

DEVELOPMENT COMMITTEE

  • Communiqués, 114-19

  • Debt strategy, strengthening, 42

DIVERSIFIED BORROWERS

  • See DEVELOPING COUNTRIES

DJIBOUTI

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

DOMINICA

  • Article VIM obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

DOMINICAN REPUBLIC

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

ECUADOR

  • Article VIII obligations, acceptance of, 91t

  • Debt rescheduling, 43

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

EGYPT

  • Classification by Fund, 162

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

EL SALVADOR

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

ENLARGED ACCESS TO FUND RESOURCES

  • Access limits, modification, 47, 65

  • Borrowed resources suspense accounts, 65

  • Borrowing by Fund for, 63, 65, 80t

  • Charge, rate of, 70

  • Establishment, 47

  • Executive Board Decisions, 47, 99

  • Extension of, 47, 99

  • Ordinary and borrowed resources, use of, 47c, 65, 136

  • Purchases from Fund, 47c, 77t, 811, 82t

  • Purpose, 47, 136

  • Repayments of Fund borrowing, 65, 144

  • Repurchases from Fund, 44, 80t

  • Use of Fund credit, 135

EQUATORIAL GUINEA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

ETHIOPIA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

EUROPE

  • Balances of payments, developing countries, 22t, 26c

  • Capital formation, 11, 12c

  • Commercial bank borrowing, developing countries, 29t, 166t

  • European Monetary System, 21

  • Exchange rates, 21, 24, 25c

  • Output, 6, 10, 10t, 11c, 166t

  • Prices, developing countries, 13t

  • Purchases from Fund, developing countries, 48t

  • Trade, developing countries, 10, 25, 26c, 27, 27c

  • Unemployment, 1, 7, 7c

  • Wages, 4

EUROPEAN MONETARY SYSTEM (EMS)

  • European currency units (ECUs), role as reserve currency, 59, 60n, 611, 62, 62t

  • European Monetary Cooperation Fund, 59, 59n, 60n, 62t(n)

  • Exchange rates, 21; realignment, 21

  • Gold holdings, 59, 59n

  • Operation of, 21c

  • Participants, currencies of, 21c

EXCHANGE MARKETS

  • Official intervention, 1,17, 20, 33

  • Plaza Agreement, 1, 4, 18, 20

EXCHANGE RATES

  • Arrangements, 74t

  • Balance of payments, effect on, 18, 24

  • Currency preferences, effect on, 18-21

  • Depreciation of U.S. dollar and, 18, 20, 24

  • Effective: in developing countries, 24, 25c; in major industrial countries, 18-21, 19c; trends in, 39

  • European Monetary System, 21, 21c; realignment, 21

  • Flexibility, 24, 32, 39, 45

  • Floating, 24, 31, 34

  • Interest rates and, 4, 18

  • List as of June 1986, 74t

  • Movements in, 18-21, 24-25, 37

  • Notification of changes, 35, 37

  • Prices, effect on, 24

  • World economic outlook exercise and, 36

  • See also SURVEILLANCE OVER EXCHANGE RATE POLICIES and individual countries

EXECUTIVE BOARD

  • Article IV consultations and the consultation process, 33, 34, 35, 35t, 37, 39, 46

  • Burden sharing, principles of, 50–51, 104

  • Cereal import costs, review of, 47–48, 64

  • Changes in membership, 12427

  • Collaboration with World Bank, 45-46

  • Compensatory financing facility, review of, 47

  • Conditionality: guidelines, 45; review of, 44-45

  • Debt situation and strategy, discussion of, 41-43

  • Enlarged access policy, review of, 47, 99

  • Extended Fund facility, review of, 63

  • International monetary system, discussion of, 31–33, 40–43

  • Liquidity position of Fund, review of, 46, 50–51, 104, 105

  • List of Executive Directors and voting power, 120–23

  • Overdue financial obligations of members: amounts, 49; Managing Director’s statement, 100; special charges, 49–51, 101

  • Performance criteria and phasing of purchases, 45

  • Proposals of Group of Ten and Group of Twenty–Four, discussion of, 31–33, 33–36, 35t, 40

  • SDRs: allocations, 32, 41; holdings of the Fund, 103; role of, 40–41; valuation adjustment of basket, 51

  • Structural Adjustment Facility, establishment of, 48; income from investment and loans: availability for use, 95; list of eligible members and amounts of assistance, 48, 97-98; Managing Director’s statement, 92-94; regulations for administration, 95; review of operation of, 98; use of SDRs in operations, 97

  • Surveillance over exchange rate policies, 33; review of implementation, 92

  • World economic outlook, discussion of, 36, 45

  • See also EXECUTIVE BOARD DECISIONS

EXECUTIVE BOARD DECISIONS

  • Borrowing arrangement with Saudi Arabian Monetary Agency, 65n

  • Burden sharing, principles of, 50n, 104

  • Charge, rate of, 50n, 105

  • Compensatory financing of fluctuations in cereal import costs, renewal, 47n, 48n, 64n

  • Conditionality: guidelines on, 45n; review of, 99

  • Enlarged access to Fund resources, extension of period and access limits, 47n, 99

  • Extended Fund facility, review of, 63n

  • Fund’s income position: rate of charge, 103; setoff in connection with retroactive reduction of charges due by members in arrears, 103

  • Fund’s SDR holdings, reduction of level, 67n, 103

  • Overdue financial obligations to the Fund, special charges on, 100

  • Repurchases, guidelines for early, 64n

  • Special Disbursement Account, investment, 99; suspension of transfers to supplementary financing facility subsidy account, 68n

  • Structural Adjustment Facility, establishment of, 48; income from investment and loans: availability for use, 95; list of eligible members and amounts of assistance, 48n, 97-98; regulations for administration, 95; review of operation of, 49n, 98; use of SDRs in operations, 97

  • Supplementary financing facility subsidy account: investment, 68n, 69n, 102; means of subsidy payments, 102; suspension of transfers from Special Disbursement Account, 68n; use of SDRs in payment of subsidy, 102

  • Surveillance over exchange rate policies, 33n; review of implementation, 92

  • Trust Fund, termination of, 68n

  • Valuation of SDR: amendment of Rule O-1, 103; basket, revised guidelines for calculation of currency amounts, 102

EXPORTERS OF MANUFACTURES

  • See DEVELOPING COUNTRIES

EXTENDED FUND FACILITY

  • Arrangements under, 43, 43t, 48t, 79t, 145t

  • Borrowed resources, use of, 79t

  • Enlarged access to Fund resources, use by members, 77t

  • Executive Board decision, review of, 63, 63n

  • Ordinary resources, use of, 47c, 77t

  • Purchases by members, 47c, 75t, 77t, 81t

  • Purpose of, 133

  • Repurchases by members, 80t

  • Upper credit tranche arrangements, 43t

  • Use of Fund credit, 135

EXTERNAL RELATIONS OF FUND, 73

FIJI

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

FINANCES OF FUND

  • Administered accounts, 68-69

  • Borrowed resources suspense accounts, 134

  • Financial statements, 129-61

  • Special Disbursement Account, 95, 99, 134

  • See also GENERAL RESOURCES ACCOUNT TRANSACTIONS

FINLAND

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t SDRs, 85t

  • Supplementary financing facility subsidy account, contribution to, 89t

FRANCE

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 3t, 22t, 23, 38 Deficit, fiscal, 2

  • Economic policies, 4, 38

  • European Monetary System, 21, 21c

  • Exchange arrangements, 74t

  • Exchange rates, effective, 18, 19c

  • Group of Five, 1, 4, 18, 20

  • Inflation, 8, 8t, 38

  • Interest rates, 5c, 20c, 38, 50c

  • International reserves, 60t, 611

  • Monetary aggregates, 4t; policy, 3, 38

  • Output, 3t, 6t, 1, 38

  • Plaza Agreement, 1,4, 18, 20

  • Prices, 6t, 8c, 38

  • Role of franc as currency peg, 74t; as reserve currency, 60t, 61t

  • SDRs, 66, 85t

  • Supplementary financing facility subsidy account, contribution to, 89t

  • Unemployment, 7, 7c, 38

FUEL EXPORTERS

  • See DEVELOPING COUNTRIES

GABON

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • SDRs, 85t

GAMBIA, THE

  • Exchange arrangements, 24, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)

  • Fund relations with, 72

GENERAL ARRANGEMENTS TO BORROW (GAB), 65, 65n, 136-37

  • See also BORROWING BY FUND

GENERAL RESOURCES ACCOUNT TRANSACTIONS

  • Assessments, 84t, 85t

  • Borrowing by Fund, 82t, 83t, 136-37

  • Charges, 69-70; rate of, 70, 100, 103, 104, 105; special, 70, 100-101

  • Fund credit outstanding, 48t

  • Interest payments received on, 84t, 85t

  • Overdue financial obligations: charges, 101, 103, 105, 136

  • Purchases by members, 63, 48t, 75t, 77t, 78t, 82t, 133, 143

  • Quota payments, 139t Remuneration, 135-36; rate of, 104-105

  • Repurchases by members, 64, 78t, 80t, 82t, 133, 143t; overdue, charges on, 100

  • SDRs, 65-66, 85t: holdings, reduction of, 103; receipt of, 84t, 85t; transactions in, 66-67, 147t; transfers of, 65, 67, 84t, 85t, 147t

  • Usable currencies, 64, 82t(n)

GERMANY, FEDERAL REPUBLIC OF

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 3t, 15, 22, 22t, 23c

  • Deficit, reduction of, 23, 38

  • Economic policies, 2, 38

  • European Monetary System, 21, 21c

  • Exchange arrangements, 74t

  • Exchange rates, 19c

  • Group of Five, 1, 4, 18, 20

  • Inflation, 8c, 38

  • Interest rates, 5c, 20c, 50c

  • International reserves, 60t, 611

  • Monetary aggregates, 4t; policy, 2, 38

  • Output, 3t, 6t, 7, 38

  • Plaza Agreement, 1,4, 18, 20

  • Prices, 6t, 8c

  • Role of deutsche mark as reserve currency, 60t, 61t

  • SDRs, 85t

  • Supplementary financing facility, 83t

  • Trade, terms of, 22, 23

  • Unemployment, 7c

GHANA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

GOLD

  • Convertibility, 40

  • Fund holdings, 64n, 82t, 85t, 135

  • Market price, 57-59, 58t

  • Official holdings, 57, 58t, 59

  • Sales by Fund: requirements for approval, 64n; use of proceeds, 68, 68n, 155

GREECE

  • Exchange arrangements, 74t

  • SDRs, 85t

GRENADA

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

GROUP OF FIVE

  • Exchange market intervention, 1, 20

  • Plaza Agreement, 1,4, 18, 20

GROUP OF TEN

  • Proposals on functioning of international monetary system, 31-32, 35t; report on functioning of international monetary system, 31-32, 35t; summary of proposals to enhance surveillance, 35t

GROUP OF TWENTY-FOUR

  • Proposals on functioning of international monetary system, 31-33, 35t; report on functioning of international monetary system, 31-33, 35t; summary of proposals to enhance surveillance, 35t

GUATEMALA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Supplementary financing facility, 83t

GUINEA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

GUINEA-BISSAU

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

GUYANA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Ineligibility to use Fund resources, 49

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

HAITI

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

HEAVILY INDEBTED COUNTRIES

  • see DEVELOPING COUNTRIES, OTHER

HONDURAS

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

HUNGARY

  • Exchange arrangements, 74t

  • Repurchases from Fund, 64, 80t

  • SDRs, 85t

ICELAND

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t SDRs, 85t

INCOME AND EXPENSES OF FUND, 51, 64, 69-70, 103, 105, 128, 131t

INDIA

  • Classification, 164, 165

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance and intention not to use, 48, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

INDONESIA

  • Buffer stock facility, use of, 64

  • Exchange arrangements, 74t

  • Repurchases from Fund, 64, 80t

  • SDRs, 85t

INDUSTRIAL COUNTRIES

  • Balances of payments, 2, 16t, 21-24, 23c

  • Capital markets, 1, 15-16, 17

  • Classification, 162

  • Deficits, fiscal, 2, 4, 20, 21, 24

  • Economic situation and policies, 4, 21-24

  • European Monetary System, 21, 21c

  • Exchange rates, effective, 19c; movements, 18-21, 22

  • Fiscal policies, 2, 18, 23

  • Fixed investment, 6

  • Group of Five, 1,4, 18, 20

  • Group of Ten, report of, 31-32, 35t

  • Inflation, 2, 4, 7-8, 8c, 18

  • Interest rates, 3, 3c, 5c, 7, 18, 20, 20c

  • International bonds, 16, 16n

  • International reserves, 17, 17t, 41, 58t, 60t, 611

  • Monetary aggregates, 4t; policies, 2-3, 4, 20

  • Output, 6, 6t, 7, 18

  • Prices, 6t, 8, 16c

  • Purchases from Fund, 48t SDRs, 85t

  • Structural policies, 4

  • Trade, 7, 8, 22, 23; protectionist pressures, 26, 33, 36, 39; purchasing power of exports, 16t; volume of imports, 16t

  • Unemployment, 7

  • Wages, 7

INTERIM COMMITTEE

  • Communiqués, 106-13

  • Debt strategy, proposed strengthening of, 36, 42

  • Enlarged access policy, recommendations on, 47

  • Reports from Group of Ten and Group of Twenty-Four, discussion of, 31-32

  • SDR: allocations and role of, review of, 32

  • Structural Adjustment Facility, comments on, 33, 48

  • Surveillance over exchange rate policies, review of, 36

  • World economic outlook, suggestions on review of, 36-37

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

  • See WORLD BANK

INTERNATIONAL COOPERATION

  • Fund’s role in, 42, 45-46, 72-73

INTERNATIONAL ORGANIZATIONS

  • Fund relations with, 45-46, 72-73

  • SDR as unit of account for, 68, 68n

INTERNATIONAL PAYMENTS, 12-15, 16-17

  • See also DEVELOPING COUNTRIES and INDUSTRIAL COUNTRIES: Balances of payments

INTERNATIONAL RESERVES

  • Acquisition, 17, 24, 27, 41

  • Adequacy, 41

  • Bonds, 15, 16, 16n

  • Changes in, 17, 17t, 57, 59

  • Currency diversification, 18, 18n, 59-60, 61t

  • Distribution, 41

  • Evolution of, 16, 57, 59

  • Foreign exchange, 41, 57, 58t: currency composition, 18, 59, 60t, 61t; demand for, 24, 41; official holdings, 17, 17t, 58t, 611; rate of accumulation, 17

  • Fund-related assets, 57, 58t, 58t(n), 62t

  • Fund’s role in providing, 41

  • Gold, 57, 58t, 59

  • Holdings: by members, 136; official, 17, 17t, 58t, 60t, 611; placement of official, 62, 62t

  • Management of, 32

  • Relation to trade, 41

  • Role of capital markets, 41

INTERNATIONAL TRADE

  • Balances, in developing countries, 25, 26c

  • Exchange rate effects on, 39 Policies, 39

  • Prices, 13, 14t, 15

  • Protectionism, 26, 36

  • Restrictions, 39

  • Terms of trade, 8, 12-15

  • Value, 8, 14t, 16t

  • Volume, 14t, 16t, 27c, 166t

IRAN, ISLAMIC REPUBLIC OF

  • Exchange arrangements, 74t

  • SDRs, 85t

IRAQ

  • Exchange arrangements, 74t

  • SDRs, 85t

IRELAND

  • Article VIII obligations, acceptance of, 91t

  • Employment, 7

  • European Monetary System, 21, 21c

  • Exchange arrangements, 74t

  • Output, 7

  • SDRs, 85t

ISRAEL

  • Exchange arrangements, 74t

  • Inflation, 9, 12

  • Prices, 12

  • SDRs, 85t

ITALY

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 2, 3t, 23

  • Deficit, fiscal, 2, 23, 38

  • Economic policies, 2, 38-39

  • European Monetary System, 21, 21c

  • Exchange rates, effective, 18, 19c

  • Inflation, 8, 8c, 18, 38

  • Interest rates, 20c, 38

  • Monetary aggregates, 4t; policy, 3

  • Output, 6t, 7

  • Prices, 6t

  • SDRs, 85t

  • Trade, terms of, 23-24; volume, 24

  • Wages, 39

JAMAICA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Supplementary financing facility subsidy account, beneficiary, 89t

JAPAN

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 2, 3t, 15, 23c

  • Deficit, fiscal, reduction of, 23

  • Economic policies, 6

  • Exchange arrangements, 74t

  • Exchange rates, effective, 19c, 20-21, 38

  • Group of Five, 1, 4, 18, 20

  • Inflation, 8c

  • Interest rates, 5c, 20c

  • International reserves, 24

  • Monetary aggregates, 4t; policy, 38

  • Output, 3t, 6, 6t, 7, 38

  • Plaza Agreement, 1,4, 18, 20

  • Prices, 6t, 8c, 38

  • Role of yen as reserve currency, 38, 60t, 61t

  • SDRs, 85t

  • Supplementary financing facility, 83t

  • Trade, terms of, 22, 23

  • Unemployment 7, 7c

JOINT MINISTERIAL COMMITTEE ON THE BANK AND THE FUND ON THE TRANSFER OF REAL RESOURCES TO DEVELOPING COUNTRIES

  • See DEVELOPMENT COMMITTEE

JORDAN

  • Exchange arrangements, 74t SDRs, 85t

KAMPUCHEA, DEMOCRATIC

  • Exchange arrangements, 74t(n)

  • Quota and remuneration, 70n

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Trust Fund, holdings in, 155

KENYA

  • Compensatory financing facility, use of, 64

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

KIRIBATI

  • Exchange arrangements, 74t

  • Membership in Fund, 63

  • Quota, 63

KOREA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

KUWAIT

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility, 83t

LAO PEOPLE’S DEMOCRATIC REPUBLIC

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

LEBANON

  • Exchange arrangements, 74t SDRs, 85t

LESOTHO

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

LIBERIA

  • Exchange arrangements, 74t

  • Ineligibility to use Fund resources, 49

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

LIBYAN ARAB JAMAHIRIYA

  • Classification by Fund, 162

  • Exchange arrangements, 74t

  • SDRs, 85t

LIQUIDITY POSITION OF FUND, 46, 64

LUXEMBOURG

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

MADAGASCAR

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t Supplementary financing facility subsidy account, beneficiary, 89t

MALAWI

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 63, 79t, 145t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t Supplementary financing facility subsidy account, beneficiary, 89t

MALAYSIA

  • Article VIII obligations, acceptance of, 91t

  • Buffer stock financing facility, use of, 64

  • Exchange arrangements, 74t

  • Repurchases from Fund, 64, 80t

  • SDRs, 85t

MALDIVES

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

MALI

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

MALTA

  • Exchange arrangements, 74t

  • SDRs, 85t

MARKET BORROWERS

  • See DEVELOPING COUNTRIES

MAURITANIA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

MAURITIUS

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Supplementary financing facility subsidy account, beneficiary, 89t

MEMBERSHIP IN FUND

  • Kiribati, new member, 63

  • Poland, new member, 63

  • Tonga, new member, 63

MEXICO

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 63, 79t

  • Purchases from Fund, 63, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

MIDDLE EAST

  • Balances of payments, 11, 22t

  • Capital formation of developing countries, 12c

  • Classification, 162

  • Debt of developing countries, 28, 29t, 166t

  • Economic policies, 11

  • Exchange rates, 24, 25c

  • Living standards, 11

  • Official borrowing, 166t

  • Output of developing countries, 10t, 11, 11c, 166t

  • Prices of developing countries, 11, 13t

  • Purchases of developing countries from the Fund, 89t

  • Trade, 24, 25, 166t

  • Use of Fund credit, 28

MOROCCO

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Supplementary financing facility subsidy account, beneficiary, 89t

  • Technical assistance by Fund, 71

MOZAMBIQUE

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

NEPAL

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

NETHERLANDS

  • Article VIII obligations, acceptance of, 91t

  • European Monetary System, 21, 21c

  • Exchange arrangements, 74t

  • Role of guilder as reserve currency, 60t, 61t

  • SDRs, 85t

  • Supplementary financing facility, 83t

  • Supplementary financing facility subsidy account, contribution to, 89t

NEW ZEALAND

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

NICARAGUA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

NIGER

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

NIGERIA

  • Classification by Fund, 162

  • Exchange arrangements, 74t

  • Output, 11

  • SDRs, 85t

  • Supplementary financing facility, 83t

NON-FUEL EXPORTERS

  • See DEVELOPING COUNTRIES

NON-OIL DEVELOPING COUNTRIES

  • See DEVELOPING COUNTRIES

NORWAY

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility subsidy account, contribution to, 89t

OFFICIAL BORROWERS

  • See DEVELOPING COUNTRIES

OIL EXPORTING COUNTRIES

  • See DEVELOPING COUNTRIES

OIL FACILITY

  • Borrowing by Fund for, 83t

  • Purchases by members, 47c, 811, 82t

  • Use of Fund credit, 811

OMAN

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

PAKISTAN

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

PANAMA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

PAPUA NEW GUINEA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Technical assistance by Fund, 71

PARAGUAY

  • Exchange arrangements, 74t

  • SDRs, 85t

PARIS CLUB, 43

PERU

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Inflation, 9, 12

  • Prices, 12

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Supplementary financing facility subsidy account, beneficiary, 89t

PHILIPPINES

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 63, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Supplementary financing facility subsidy account, beneficiary, 89t

POLAND

  • Exchange arrangements, 74t

  • Membership in Fund, 63

  • Quota, 63

PORTUGAL

  • Exchange arrangements, 74t

  • SDRs, 85t

PRICES

  • Commodity, non-oil primary, 1, 12, 13, 14t, 15c

  • Consumer, in developing countries, 8c, 13t

  • Decline in, 1, 8, 12, 13

  • Effect on current and trade balances, 9, 11, 12, 13

  • Increase in, 12

  • Manufactures, 9, 13, 14t

  • Oil, 1, 12, 13, 14t, 15, 16c

  • Trends, 12, 14

  • Trade: by major commodity groups, 14t; exchange rate effects on, 18, 20

PRIMARY PRODUCT EXPORTERS

  • See DEVELOPING COUNTRIES

PUBLICATIONS OF FUND, 90t

QATAR

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

QUOTAS OF FUND MEMBERS

  • Eighth General Review, increases, 57

  • List of members, with quotas, 139t

  • New quotas established for Kiribati and Poland, 63

  • Ninth General Review, 63

  • Payment in SDRs, 57, 63, 139t

  • Total, 63, 139t

RESERVE TRANCHE

  • Positions of members, 82t

  • Purchases by members, 75t, 77t, 82t

ROMANIA

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

RULES AND REGULATIONS

  • Amendments: Rule 1-10, rate of remuneration, 50, 104; Rule 0-1, value of SDR, 103

  • Rule D-3, review of quotas, 63

  • Rule 1-6(4), reduction in rate of charge, 103, 104, 105

  • Rule 1-6(8), rate of charge, 100

  • Rule P-9, recording payments of subsidy in SDRs, 102

RWANDA

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

ST. CHRISTOPHER AND NEVIS

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

ST. LUCIA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

ST. VINCENT

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • SãO TOMé and PRINCIPE Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

SAUDI ARABIA

  • Article VIII obligations, acceptance of, 91t

  • Enlarged access policy, borrowing agreement for, 65, 65n

  • Exchange arrangements, 74t

  • Role in Organization of Petroleum Exporting Countries, 65

  • SDRs, 85t

  • Supplementary financing facility, 83t

  • Supplementary financing facility subsidy account, contribution to, 89t

SDRs

  • Allocations, 32, 41, 85t

  • Assessments, use in payment of, 84t, 85t

  • Assets denomination in, 67, 68, 99, 101

  • Charges, 50-51, 69-70, 84t, 85t;

  • rate of, 50-51, 104-105

  • Holdings: by Fund, 65-66, 103, 135, 139t; by members, 41, 65-66, 85t; in General Resources Account, 65, 67, 84t, 85t; reduction in, 69, 103

  • Interest rate on, 50, 50c, 65, 70, 89t

  • Payment of interest by Fund, use in, 84t

  • Prescribed holders of, 66, 66n, 68-69

  • Purchases from Fund, 77t, 84t

  • Purposes, 40

  • Quotas, use in payment of, 57, 84t, 139t

  • Reconstitution, 84t

  • Remuneration paid to Fund members, 50-51, 69, 70, 84t; rate of, 50c, 70, 89t, 104-105

  • Repayment of lenders by Fund, use in, 65, 84t

  • Repurchases from Fund, 80t, 84t

  • Role in international economy, study of, 40-41

  • Transactions and operations, summary of, 66-67, 85t

  • Transfers: among participants and prescribed holders, 65, 67, 84t, 102; by agreement, 65, 66, 67, 84t; to and from General Resources Account, 65, 66, 67, 84t, 85t; with designation, 65, 66, 67, 84t, 85t

  • Two-way arrangement with one participant, 67

  • Uses: currency peg, 68, 74t; loans and settlements, 67; unit of account, 67, 68

  • Valuation basket, adjustment of, 51, 51n, 65, 102, 103

SDR DEPARTMENT

  • Operations, 46, 65-67, 84t, 85t

  • Participants, 65, 85t

  • Prescribed holders, 66, 66n, 68-69

  • Transfers: among participants and prescribed holders, 65, 67, 102; by agreement, 46, 66-67; with designation, 46, 66, 84t, 85t

SENEGAL

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

SERVICE AND REMITTANCE COUNTRIES

  • See DEVELOPING COUNTRIES

SEYCHELLES

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

SIERRA LEONE

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

SINGAPORE

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

SMALL LOW-INCOME COUNTRIES

  • See DEVELOPING COUNTRIES, OTHER

SOLOMON ISLANDS

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

SOMALIA

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

SOUTH AFRICA

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 25

  • Classification by Fund, 162

  • Exchange arrangements, 74t

  • Output, 11

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

SPAIN

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Unemployment, 7

SPECIAL DRAWING RIGHTS

  • See SDRs

SPECIAL DRAWING RIGHTS DEPARTMENT

  • See SDR DEPARTMENT

SRI LANKA

  • Buffer stock facility, use of, 64

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Repurchases from Fund, 64, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

STAFF OF THE FUND, 46, 73

  • Article IV consultation reports, 34 Staff Retirement Plan, 157-61

STAND-BY ARRANGEMENTS FOR FUND MEMBERS

  • Balance of payments adjustment, role in, 43-44

  • Borrowed resources, use of, 63

  • Commitments under, 63, 89t, 138, 145t

  • Enlarged access to Fund resources, use by members, 44, 63, 77t, 80t

  • In financial year 1985/86, 43, 43t, 63, 76t

  • Ordinary resources, use of, 77t

  • Overdue financial obligations to Fund, ineligibility of member to use resources of Fund, 49

  • Performance criteria and phasing of purchases, relationship with, 45

  • Summary of, 76t, 78t, 145t

  • Upper credit tranche, 43t

STRUCTURAL ADJUSTMENT FACILITY

  • Administration, regulations for, 95

  • Amounts of assistance, 96, 98t

  • Collaboration with World Bank, 46, 49, 93-94

  • Conditionality, 74

  • Disbursements, 95, 96

  • Eligibility of members for use, 48-49, 93, 98t

  • Establishment, 48

  • List of members eligible for assistance, 98t

  • Loan terms, 96, 97

  • Managing Director’s statement on, 92-95

  • Policy framework, 93

  • Purposes, 95

  • Review of, 98

  • SDR as unit of account, 97

  • Special Disbursement Account: resources of, 95; income from investment and loans, 95, 99

  • Use of SDRs in operations, 97

SUB-SAHARAN AFRICA

  • See DEVELOPING COUNTRIES, OTHER

SUDAN

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Ineligibility to use Fund resources, 49

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

SUPPLEMENTARY FINANCING FACILITY

  • Borrowing by Fund for, 70, 80t, 82t, 83t, 136

  • Charge, rate of, 70

  • Purchases by members, 89t, 135

  • Purpose, 133, 151

  • Repayments by Fund to lenders, 83t, 144t

  • Repurchases by members, 80t

  • Subsidy account, 68-69, 101, 149t, 150t, 151; donations to, 89t; establishment, 68; investment, 68, 102; means of subsidy payments, 68, 102; use of SDRs in payment of subsidy, 102

  • Subsidy payments, 89t

  • Suspension of transfers, 68-69

  • Switzerland, lending for, 83t

  • Use of Fund credit, 811, 135

SURINAME

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

SURVEILLANCE OVER EXCHANGE RATE POLICIES

  • Article IV: consultations’ role in, 33, 34, 37; reports, content of, 34, 43

  • Developing countries, 33, 36, 37; debt situation, 41-43

  • Enhanced surveillance, proposals for, 33-36, 35t, 43

  • Executive Board decisions on, 33, 33n, 92

  • Executive Board review of, 33-36, 92

  • Industrial countries, 37-39; debt strategy, 39, 41-42

  • In financial year 1985/86, 36-39

  • Multilateral surveillance, strengthening of, 33

  • Policy strategy, effects on, 36, 37, 39

  • Procedures for, implementation of, 92

  • Relation to debt rescheduling, 43

  • Role of Fund Managing Director in, 34, 35

  • Scenarios, medium-term, use of, 37

  • Structural issues, emphasis on, 39

  • World economic outlook exercise’s role in, 36, 37

SWAZILAND

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

SWEDEN

  • Article VIII obligations, acceptance of, 91t

  • Deficit, fiscal, 24

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility subsidy account, contribution to, 89t

SWITZERLAND

  • International reserves, 58t

  • Prescribed holder of SDRs, 66, 66n

  • Role of franc as reserve currency, 60t, 61t

  • SDRs, 85t

    • prescribed holder of, 66, 66n

  • Supplementary financing facility, 83t

  • Supplementary financing facility subsidy account, contribution to, 89t

SYRIAN ARAB REPUBLIC

  • Exchange arrangements, 74t

  • SDRs, 85t

TANZANIA

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

TECHNICAL ASSISTANCE BY FUND, 71-72

THAILAND

  • Buffer stock financing facility, use of, 64

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

TOGO

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

TONGA

  • Exchange arrangements, 74t

  • Membership in Fund, 63

  • Quota, 63

TRINIDAD AND TOBAGO

  • Exchange arrangements, 74t

  • SDRs, 85t

TRUST FUND

  • Borrowing, 155-56

  • Distribution of profits from sale of gold by Fund, 155

  • Loans, 68, 155

  • Purpose, 155

  • Repayment by members, 68; overdue, 68, 155

  • Termination, 68, 156

  • See also SUPPLEMENTARY FINANCING FACILITY: subsidy account

TUNISIA

  • Exchange arrangements, 74t

  • SDRs, 85t

TURKEY

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

UGANDA

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

UNITED ARAB EMIRATES

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

UNITED KINGDOM

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 2, 3t, 23

  • Borrowing, ratio to GDP, 38

  • Deficit, fiscal, stabilization of, 2

  • Economic policies, 2, 38

  • Exchange arrangements, 74t

  • Exchange rates, effective, 19c, 21

  • Group of Five, 1, 4, 18, 20

  • Inflation, 8c

  • Interest rates, 5c, 20c, 38

  • Monetary aggregates, 4t, 38; policy, 2, 38

  • Output, 3t, 6t, 7, 38

  • Plaza Agreement, 1, 4, 18, 20

  • Prices, 6t, 8c, 18, 38

  • Role of pound sterling as reserve currency, 60t, 61t

  • SDRs, 85t

  • Unemployment, 7, 7c, 38

UNITED STATES

  • Article VIII obligations, acceptance of, 91t

  • Balance of payments, 3t, 6, 22, 22t, 23c, 37

  • Capital movements, 24, 37

  • Debt initiative of U.S. Treasury, 1, 4, 28, 38, 40, 42

  • Deficit, fiscal, 1, 2, 4, 28, 38

  • Economic policies, 1, 2, 4, 38

  • Exchange arrangements, 74t

  • Exchange rates, effective, 19c, 20

  • Fixed investment, 6

  • Group of Five, 1, 4, 18, 20

  • Inflation, 4, 8c, 37

  • Interest rates, 3, 4, 18

  • Monetary aggregates, 4t; policy, 4, 37

  • Output, 3t, 6, 6t

  • Plaza Agreement, 1, 4, 18, 20

  • Prices, 6t, 8c, 13t

  • Role of dollar as reserve currency, 57, 60t, 61t

  • SDRs, 85t

  • Supplementary financing facility, 83t

  • Trade, 22; protectionist pressures, 38

  • Use of dollar as currency peg, 74t

  • Unemployment, 7, 7c

URUGUAY

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

VANUATU

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

VENEZUELA

  • Article VIII obligations, acceptance of, 91t

  • Exchange arrangements, 74t

  • SDRs, 85t

  • Supplementary financing facility, 83t

VIET NAM

  • Exchange arrangements, 74t

  • Ineligibility to use Fund resources, 49

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

WESTERN HEMISPHERE

  • Balances of payments, developing countries, 22t, 26c

  • Capital formation, developing countries, 11, 12, 12c

  • Commercial bank borrowing, 29c

  • Debt, developing countries, 29t, 30, 166t

  • Exchange rates, developing countries, 24

  • Living standards, developing countries, 11

  • Output, developing countries, 10, 10t, 11c, 166t

  • Prices, developing countries, 12, 13t

  • Trade, developing countries, 25, 26c, 27, 27c

  • Unemployment, 7, 11

WESTERN SAMOA

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

WORLD BANK

  • Fund collaboration with, 32-33, 45-46

  • Fund relations with, 45-46, 72

  • Fund consultation reports, 34

  • SDRs: prescribed holder of, 66, 66n, 68-69; use as unit of account, 68, 68n

  • Structural Adjustment Facility, collaboration on, 46, 49, 93-94

  • Supplementary financing facility subsidy account, investment, 68, 68n, 101

YEMEN ARAB REPUBLIC

  • Exchange arrangements, 74t

  • Purchases from Fund, 77t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

YEMEN, PEOPLE’S DEMOCRATIC REPUBLIC OF

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Structural Adjustment Facility, eligibility for assistance, 98t

YUGOSLAVIA

  • Exchange arrangements, 74t

  • Debt rescheduling, 43

  • Purchases from Fund, 63, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

ZAÏRE

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 76t

  • Structural Adjustment Facility, eligibility for assistance, 98t

ZAMBIA

  • Exchange arrangements, 74t

  • Extended arrangement with Fund, 79t

  • Purchases from Fund, 77t

  • Repurchases from Fund, 80t

  • SDRs, 85t

  • Stand-by arrangement with Fund, 63, 76t, 145t

  • Structural Adjustment Facility, eligibility for assistance, 98t

  • Supplementary financing facility subsidy account, beneficiary, 89t

ZIMBABWE

  • Exchange arrangements, 74t

  • Repurchases from Fund, 80t

  • SDRs, 85t

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