Selected Decisions and Selected Documents of the International Monetary Fund
Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
September 1998
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INDEX

(*indicates Decision and Resolution as amended)

Decision No.Page
A Accounting by members for transactions with the Fund170-33
Accounts:
Administrative accounts, balances held not in excess of 0.1 percent of quota, exclusion from Fund’s holdings of member’s currency7060-(82/123)557
Borrowed Resources Suspense Accounts6844-(81/715)448
6845-(81/75)449
Framework Administered Account for technical assistance activities10942-(95/33)86
General Account; see General Resources Account, below
General Resources Account:
Adjustment of currency holdings of members5590-(77/163)348
Exchange rate for Fund computations5590-(77/163)348
Level of Fund SDR holdings, maintenance6275-(79/158)G/S275
7626-(84/23) S281
7941-(85/50) S281
8265-(86/70) S281
8574-(87/64) S282
10278-(93/19)S282
Purchase of SDRs for payment of charge5702-(78/39)*
G/S297
Reimbursement for expenses of carrying out business of supplementary financing facility Subsidy Account6683-(80/185)
G/TR*577
Reimbursement for expenses of conducting business of Trust Fund5069-(76/72)560
Sales of SDRs for payment of quota increases by members under Seventh General Review of Quotas6663-(80/160) S287
Special Contingent Account, see Special Contingent Account
Special Disbursement Account, transfer of resources to ESAF Trust and retransfer to Special Disbursement Account8760-(87/176)*378
Special Disbursement Account, transfers to supplementary financing facility Subsidy Account6683-(80/185) G/TR*577
6704-(80/185) TR576
Investment7990-(85/81)350
8029-(85/105)351
Structural adjustment facility; see Structural adjustment facility
Special Drawing Rights Department, payment of net charges and assessments7116-(82/68) S552
Subsidy Accounts:
Supplementary financing facility:
Disbursement of additional subsidy amounts for period ending June 30, 19868523-(87/25) SBS587
Instrument6683-(80/185) G/TR*577
Investment of currencies6854-(81/78)* SBS584
Means of payments8185-(86/9)SBS/S585
Subsidy payments, July 1, 1983- June 30, 19847754-(84/108) SBS586
Subsidy payments, July 1, 1984- June 30, 19858037-(85/110)SBS586
Subsidy payments, July 1, 1985- June 30, 19868492-(87/1) SBS587
Subsidy payments, July 1, 1986- June 30, 19878674-(87/117) SBS588
Subsidy payments, July 1, 1987- June 30, 19888941-(88/122) SBS589
Subsidy payments, July 1, 1988- June 30, 19899222-(89/97) SBS590
Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS585
Transfer of funds from Special Disbursement Account following termination of Trust Fund6704-(80/185) TR576
Accrued charges and income; see Overdue obligations to Fund, purchase from Fund
Adjustment process, international, review5392-(77/63)*12
Administered accounts; seeArticle V, Section 2(b), administration of deposits provided by members
Administrative accounts; see Accounts African Development Bank and African Development Fund, prescription as holders of SDRs8318-(86/104) S530
Andean Reserve Fund, prescription as holder of special drawing rights6486-(80/77) S529
Arab Monetary Fund, prescription as holder of special drawing rights6609-(80/126) S530
Archives of the Fund, opening11192-(96/2)495
Arrears to the Fund, see Overdue Obligations to Fund
Articles of Agreement *
Amendment, SecondB/G Res. 29-8596
B/G Res. 29-10610
Article 1, purposes of the Fund287-391
433-(55/42)455
1034-(60/27)460
4377-(74/114)*139
5069-(76/72)561
Article II, Section 2, membership6266-(79/156)4
Article III, Section 2, adjustment of quotas408-23
Article III, Section 2(a), general review of quotasB/G Res. 31-2615
B/G Res. 34-2618
B/G Res. 38-1629
B/G Res. 43-1638
B/G Res. 44-1640
B/G Res. 44-5643
B/G Res. 45-1646
B/G Res. 45-2648
B/G Res. 48-3661
B/G Res. 53-2666
Article IV:
Consultations5392-(77/63)*10
6026-(79/13)*15
6056-(79/38)125
6790-(81/43)475
7427-(83/83)20
10168-(92/127)18
Consultations, bicyclic procedure Termination, see Termination of Bicyclic procedures below
Exchange arrangements5392-(77/63)10
5712-(78/41)8
Press information notices, Release11493-(97/45)25
Termination of Bicyclic Consultation procedure10362-(93/67)19
Article IV, Section 3, surveillance over exchange rate policies5392-(77/63)*10
6026-(79/13)*15
Article V, Section 11289-(62/1)*393
Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund1289-(62/1)*390
Article V, Section 3(a), “consistent with the provisions of this Agreement,” meaning287-391
Article V, Section 3(b)(ii), “represents” that a member has a need to make purchases284-492
Chairman’s

Summing-up

EBM/87/176
54
Article V, Section 3(b)(iii), waiver4377-(74/114)*141
5508-(77/127)270
6783-(81/40)*255
8955-(88/126)*192
Article V, Section 3(d):
Sale of members’ currencies for repurchases5704-(78/39)289
Selection of currencies in purchases6273-(79/158) G/S272
6274-(79/158)273
6352-(79/183)276
6774-(81/35)282
Article V, Section 5, transfers of SDRs6275-(79/158) G/S275
Article V, Section 5, limitation on use of Fund’s resources284-3285
286-1285
7842-(84/165)136
Article V, Section 6, sale of SDRs by the Fund6663-(80/160) S287
Article V, Section 6(b), transfers of SDRs by the Fund6274-(79/158)273
6774-(81/35)282
Article V, Section 7, repurchases1289-(62/1)*390
5703-(78/39)*292
5704-(78/39)288
5809-(78/88)*294
6172-(79/101)290
Article VI, capital transfers1238-(61/43)91
Article VII, replenishment of Fund’s holdings of currencies5508-(77/127)266
5509-(77/127)438
6783-(81/40)*252
Article VII, Section 1, borrowing by Fund1289-(62/1)*386
8897-(88/93)412
6783-(81/40)*252
Article VIII:
Bilateralism433-(55/42)455
Consultations5712-(78/41)9
Retention quotas201-(53/29)457
Article VIII and Article XIV1034-(60/27)460
Article VIII, Sections 2, 3, and 4, acceptance of obligations1034-(60/27)460
Article VIII, Section 2(a): Payments restrictions144-(52/51)454
3153-(70/95)462
Article VIII, Section 2(b), unenforceability of exchange contracts446-4452
Article VIII, Section 3, multiple currency practices237-2469-70
649-(57/33)472
8790-(81/43)474
Article VIII, Section 7B/G Res. 34-3683
Article IX, Section 7, privilege for communications534-3496
Article XII, Section 3(b)(i) and 3(f)2-1515
Article XII, Section 3(c):
Additional appointed Executive Directors574-2*515
Determination of member’s entitlement to appoint Executive Director7066-(82/23)558
The preceding two years,” meaning597-4516
Article XIV:
Articles VIII and XIV1034-(60/27)460
Bilateralism433-(55/42)455
Consultations5392-(77/63)*13
Retention quotas201-(53/29)457
Article XIV, Section 11034-(60/27)461
Article XIV, Section 2: Multiple currency practices237-2469-70
Payments restrictions144-(52/51)454
3153-(70/95)462
Transitional arrangements446-4453
Article XIV, Section 3117-1520
Article XVII, Section 3, other holders of special drawing rights6467-(80/71) S526
6484-(80/77) S529
6486-(80/77) S529
7629-(84125)403
8642-(87/101)S/TR530
8759-(87/176)ESAF*42
8937-(88/68)ESAF532
Article XVIII, allocation of special drawing rightsB/G Res. 24-12679
B/G Res. 34-3681
Article XVIII, Section 2(d), allocations of special drawing rights to new participants5956-(78/180)S534
6368-(79/191)S534
Article XIX, Section 2(c):
Acceptance and use of special drawing rights by prescribed holders6467-(80/71) S526
Operations and transactions in special drawing rights between participants6000-(79/1) S*535
6001-(79/1)S*536
6053-(79/34) S*538
6054-(79/34) S*540
6336-(79/178)S542
6337-(79/178) S544
6437-(80/37) S545
Article XIX Section 5, designation of participants to provide currency6209-(79/124) S546
Article XIX, Section 5(a)(i), designation plans6273-(79/158) GS272
Article XIX, Section 6(b), abrogation of rules for reconstitution6832-(81/65) S550
Article XIX, Section 7(a), calculation of exchange rates1289-(62/1)*393
6001-(79/1) S537
6053-(79/34) S*539
6054-(79/34) S*541
6336-(79/178) S542
7041-(82/8) G/S551
Article XX, Section 1, interest paid on holdings of special drawing rights6467-(80/71) S526
Article XX, Section 5, application against unpaid charges of special drawing rights acquired by participants after payment date7116-(82/68) S553
Article XXIIB/G Res. 34-3683
Article XXIII, Section 1, suspension of operations and transactions in special drawing rights6467-(80/71) S528
Article XXVI, Section 2(a) ineligibility to use Fund resources343-(54/47)554
Article XXVI, Section 31289-(62/1)*394
Article XXVII1289-(62/1)*394
270-(53/95)*124
Article XXVII, Section 1(a)(i), suspension of transactions covered by stand-by arrangements270-(53/95)*124
Article XXIX(a), list of interpretations under,xliv
Article XXX(c):
Exclusion of purchases and holdings under buffer stock facility5591-(77/163)555
Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*555
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)*557
Exclusion of purchases and holdings under extended facility6830-(81/65)557
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)556
Exclusion of purchases under oil facility5371-(77/51)556
Exclusion relating to purchases in credit tranches6830-(81/65)557
Exclusion of purchases and holdings under Systemic Transformation Facility10348-(93/61) STF558
Article XXX(f), freely usable currencies5719-(78/46)559
Article XXXI, Section 1408-23
Schedule B, repurchases5703-(78/39)*294
5704-(78/39)289
6008-(79/3)446
Schedule B, paragraph 7(6), use of amounts in excess of capital value available from gold sales for benefit of developing countries5069-(76/72)560
Schedule F, rules for designation6209-(79/124) S547
Schedule G, rules for reconstitution, abrogation6832-(81/65)S550
Schedule J1289-(62/1)*394
Schedule K1289-(62/1)*394
Asian Development Bank, prescription as holder of special drawing rights7229-(82/136) S530
Assessments, payment in SDR Department; see Accounts, Special Drawing Rights Department, payment of net charges and assessments
Attribution of reductions in Fund’s holdings of currency6831-(81/65)*295
6774-(81-35)284
Review7704-(84/78)296
Audit:
Enhanced structural adjustment facility trust (ESAF Trust)8759-(87/176) ESAF*45
Supplementary financing facility Subsidy Account6683-(80/185)G/TR583
Trust Fund5069-(76/72)567
Augmentation; see Purchase transactions, Augmentation
B Balance of payments position:
Assessment for assistance from Trust Fund5069-(76/72)563
Assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S272
Discrimination for balance of payments reasons955-(89/45)459
Bank/Fund collaboration:
Invitation to send a staff member as an observerEBM/70/30503
Bank of Central African States, prescription as holder of special drawing rights7064-(82/26) S530
Belgium, National Bank of, Borrowing agreement with Fund; see Borrowing by the Fund
Bicyclic consultation procedures; see Consultation with members
Bilateral payments arrangements, see Official clearing and payments arrangement
Bilateralism433-(55/42)455
Borrowed Resources Suspense Accounts; see Borrowing by the Fund, below Borrowing by the Fund
Borrowed Resources Suspense Accounts6844-(81/75)448
6845-(81/75)449
Borrowed resources, use to finance purchases under arrangements providing enlarged access to Fund’s resources6783-(81/40)252
General Arrangements to Borrow:1289-(62/1)*386
Associated borrowing arrangements7403-(83/73)405
“Outstanding borrowing and unused credit lines,” clause in respect of GAB in guidelines for Fund borrowing9862-(91/156)*450
Renewal11609-(97/112)398
Saudi Arabia, association agreement7403-(83/73)405
Renewal8897-(88/93)412
10235-(92/149)414
11626-(97/122)415
Transferability of claims7629-(84/25)403
Transferability of claims; see Transferability of claims
Use of credit arrangements for non participants1289-(62/1)*396
Guidelines9862-(91/156)450
New Arrangements to Borrow11428-(97/6)417
Nonparticipants11428-(97/6)421
Transferability of claims11429-(97/6)428
Supplementary financing facility:
Authorization to make calls6006-(79/3)445
Interest payment procedure6163-(79/96)446-47
Meaning of “net creditor position in the Fund”6008-(79/3)446
Replenishment of holdings of currencies5509-(77/127)438
Subsidy Account6683-(80/165) G/TR577
Buffer stock financing facility2772-(69/47)*232
Access limit and review2772-(69/47)*232
Elimination of floating10186-(92/132)233
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5591-(77/163)555
International Natural Rubber Agreement, 19797246-(82/147)240
International Natural Rubber Agreement, 19879403-(90/53)241
International Sugar Agreement, 19775597-(77/171)237
International Tin Agreements:
Fourth3179-(70/102)234
Fifth5127-(76/91)235
Sixth7247-(82/147)236
Repurchases5703-(78/39)*292
Sixth International Tin Agreement7247-(82/147)236
1977 International Sugar Agreement5597-(77/171)239
International Natural Rubber Agreement, 19797246-(82/147)240
Burden sharing8348-(86/122)*303
Managing Director’s Remarks307
Extended burden sharing; see Extended burden sharing
Implementation for FY 19898861-(88/67)311
for FY 19909135-(89/46)315
for FY 199410340-(93/54)*318
for FY 199510706-(94/52)326
10660-(94/38)322
for FY 199610958-(95/40)329
for FY 199711249-(96/39)333
for FY 199811480-(97/42)336
for FY 199911712-(98/49)341
Net income target:
for FY 19898861-(88/67)311
for FY 19941039-(93/86)321
for FY 199510705-(94/42)325
for FY 199610962-(65/41)332
for FY 19971125-(96/39)336
for FY 199811482-(97/42)339
Principles of “burden sharing”8861-(88/67)311
Rate of charge:
for FY 19898861-(88/67)311
for FY 199811482-(97/42)339
Retroactive reduction of rate of charge10705-(94/52)325
Special Contingent Account, amounts placed
for FY 19878619-(87/90)309
for FY 19888780-(88/12)310
for FY 19898861-(88/67)312
for FY 19909135-(89/46)316
9471-(90/98)344
for FY 199410340-(93/54)319
for FY 199510660-(94/38)323
10706-(94/52)327
for FY 199610958-(95/40)330
for FY 199711249-(96/39)333
for FY 199911712-(98/49)341
By-Laws, Section 20 audits; see Audits By-Laws, Section 22, Compulsory Withdrawal: see, Section 22
C Capital transfers:
Controls by members541-(56/39)385
B/G Res. 29-10608
Restrictions237-2467
Use of Fund’s resources for1238-(61/143)91
B/G Res. IM-6593
Central Bank of West African States, prescription as holder of special drawing rights6908-(81/101) S530
“Changing circumstances,” adaptation of multiple currency practices237-2471
Charges:
Accounting for charges from members with overdue obligations8433-(86/175)298
Accrued charges8433-(86/175)298
Balances held in Fund’s administrative accounts not in excess of 0,1 percent of quota not to be considered part of Fund’s holdings of member’s currency for calculation7060-(82/23)557
Extended Fund facility4377-(74/114)*141
10464-(93/130)155
Future changes4239-(74/67)297
Interest on Trust Fund loans; see Interest Media of payment5702-(78/39)* G/S297
Oil facility Subsidy Account; see Accounts, Subsidy Accounts
Overdue obligations to Fund, special charges8165-(85/189) G/TR299
Overdue obligations to Fund, accrued income8433-(86/175)298
Payment by nonparticipant in Special Drawing Rights Department5702-(78/39) G/S297
Payment of net charges and assessments in Special Drawing Rights Department, procedure when participants fail to hold adequate SDRs or to acquire them from other participants or Fund7116-(82/68) S552
Rate, as of Feb. 1, 19888780-(88/12)310
as of May 1, 199410705-(94/52)325
as of November 1, 199410850-(94/107)326
as of May 1, 199510962-(95/41)332
as of May 1, 199711482-(97/42)*339
as of May 1, 199911711-(98/49)340
Rate, determination of burden sharing8348-(86/122)*303
Rate on use of ordinary resources for FY 199410391-(93/86)*321
Setoff in connection with retroactive reduction8271-(86/74)302
Special charges on overdue obligations to Fund8165-(85/189) G/TR*299
Elimination after six months or more8165-(85/189) G/TR*300
Trust Fund loans10352-(93/49) G/TR300
Setoff against charges due for second quarter of FY 19878442-(86/178)302
Stand-by arrangements10464-(93/130)*150
Supplementary financing facility5508-(77/127)270
Supplementary financing facility Subsidy Account; see Accounts, Subsidy Accounts
Review of system11715-(98/49) G/SAF/TR301
Committee on Reform of the International Monetary System and Related IssuesB/G Comp. Res595
Final report and terminationB/G Res. 29-7596
Support of extended Fund facility4377-(74/114)*139
Voluntary Declaration on Trade and Other Current Account Measures4211-(74/75)476
Commodities (see also Buffer stock financing facility; Compensatory financing):
Reclassification where subject to multiple currency practices237-2472
Communications, privilege for534-3496
Compensatory and contingency financing facility, establishment8955-(88/126)*192
Compensatory financing of export fluctuations8955-(88/126)*195
External contingency financing8955-(88/126)*200
Chairman’s Summing up EBM/88/105221
Compensatory financing of fluctuation in the cost of cereal imports8955-(88/126)*204
Compensatory financing of fluctuations in the cost of oil imports8955-(88/126)*210
Transitional and other provisions8955-(88/126)218
Compulsory withdrawal, see, Overdue obligations to Fund, Purchases from Fund Conditionality; see, Use of Fund’s resources, Conditionally
“Consistent with the provision of this Agreement,” meaning in Article V, Section 3287-391
Consultation with members:
Before accepting obligations of Article VIII, Sections 2, 3, and 41034-(60/27)461
Bicyclic procedures and simplified interim procedures
Termination10362-(93/67)19
Bilateral arrangements433-(5S/42)455
Changes in members’ exchange arrangements, notification to Fund5712-(78/41)8
Commodity field, attention to policies2772-(69/47)*233
Conduct by Managing Director in interval between Article IV consultations5392-(77/63)14
6026-(79/13)15
Consultations under Article IV5392-(77/63)10
6026-(79/13)15
6056-(79/38)125
6790-(81/43)475
Cycles-Review10168-(92/127)18
Press information notices, Release11493-(97/45)25
Discussions on use of Fund’s resources102-(52/11)93
During period of extended arrangement,10464-(93/)30)*154-55
During period of stand-by arrangement10464-(93/130)*149-51
Exchange measures needing approval under Article VIII1034-(60/27)461
Members’ policies in present circumstances4134-(74/4)464
Multiple currency practices237-2465-66
Periodic discussions under Article VIII1034-(60/27)461
Resumption of purchases under extended arrangements10464-(93/130)*154-55
Resumption of purchases under stand-by arrangements270-(53/95)*124
10464-(93/130)*149-50
Retention quotas201-(53/29)457
Special consultations5392-(77/63)14
Whether measure is exchange restriction1034-(60/27)461
Consultations with European Monetary Cooperation Fund on calculation of representative rate for European Currency Unit7041-(82/8) G/S551
Consultations with prescribed holders of special drawing rights6467-(80/71) S527
Contingency mechanism; see Compensatory and contingency financing facility
Convertibility:
Acceptance of obligations of Article VIII, Sections 2, 3, and 41034-(60/27)460
Approval of exchange restrictions1034-(60/27)460-61
Bilateralism433-(55/42)455
Consultation with Fund1034-(60/27)460
Discrimination955-(59/45)459
Multiple currency practices; see Multiple currency practices
Retention quotas201-(53/29)457
Credit tranches; see Tranche policies
Creditworthiness, factor in determining use of Fund’s resources102-(52/11)93
Currencies (see also Borrowing by the Fund; Convertibility; Holdings of the Fund; Investment):
Arrangements for use in operations and transactions of FundB/G Res.31-2616-17
Composition of special drawing right6631-(80/145) G/S521
Freely usable currencies5719-(78/46)559
Guidelines for use in operational budgets6772-(81/35) G/S278
10279-(93/19)279
Guidelines for use in operations and transactions of General Resources Account6273-(79/158) G/S272
6274-(79/158)273
6774-(81/35)282
10279-(93/19)279
10904-(95/13)280
Operational budgets6273-(79/158) G/S272
6772-(81/35) G/S278
Payment of subscriptions6266-(79/156)4
B/G Res.31-2616
B/G Res. 34-2625
B/G Res. 38-1634
Rates for computations and maintenance of value5590-(77/163)348
Replenishment in connection with supplementary financing facility5509-(77/127)438
Sale by agreement with member with outstanding purchases6274-(79/158)274
6352-(79/183)276
Selection for payment of charges5702-(78/39)* G/S298
Specified by the Fund, use in repurchases5703-(78/39)*293
5809-(78/88)294
Subscribed to the Fund, ownership170-33
Currency stabilization fundsEBM/95/86170
D Debt management policies; see External debt management policies
Debt and debt service reduction operations, early repurchase expectations9331-(89/167)*184
Debt and debt service reduction, Modalities of Fund supportActing Chairman’s Summing-up EBM/94/1190
Avoidance of linking prepayments to commercial banks with early repurchasesChairman’s Summing-up EBM/91/48189-90
Debt strategy, Fund involvement inChairman’s Summing up EBM/89/61179
Declaration of noncooperation or censureEBM/89/100105
EBM/89/101110
Deferred income; see Overdue obligations to Fund, Deferred income
Designation; see Special drawing rights
Development Committee; see Joint Ministerial Committee
Discriminatory practices imposed for balance of payments reasons (see also Exchange restrictions)955-(59/45)459
Disputes between members, Role of the Fund in settlementEMB/84/9982
Drawings; see Purchase transactions; Use of Fund’s resources
E East African Development Bank, prescription as holder of special drawing rights7582-(83/174) S530
Eastern Caribbean Central Bank, prescription as holder of special drawing rights7707-(84/79) S530
Emergency assistance:
Natural disastersChairman’s

Remarks

EBM/82/16
160
Post-conflict countriesEBM/95/82163
Emergency financing mechanismEBM/95/85166
Enemy-occupied, former, members, introduction of multiple currency practices237-2471
Enhanced structural adjustment facility:
Access limits8845-(88/61)ESAF*55
8759-(87/176) ESAF*32
Arrears to the Fund, consequencesActing

Chairman’s

Remarks

EBM/88/12
99
Borrowing for loan accounts, consultation with creditors9056-(89/2) ESAF57
Establishment8757-(87/176) SAF/ESAF*374
Extension of commitment and disbursement periods for agreement9116-(89/40) ESAF378
Gold pledge for use of ESAF Trust resources under Right Approach10286-(93/23) ESAF*381
Legal documentationChairman’s Remarks

EBM/87/176
54
Operational arrangementsChairman’s

Summing up

EBM/87/171
48
Review8757-(87/176) SAF/ESAF375
9114-(89/40) SAF/ESAF375
9487-(90/106) SAF/ESAF*376
9808-(91/114) SAF/ESAF376
10089-(92/94) SAF/ESAF376
Lapse of time procedure11515-(97/59)158
Enhanced Structural Adjustment Facility Trust: Instrument to establish8759-(87/176) ESAF*29
Chairman’s Summing up EBM/87/17148
Access limits8845-(88/61) ESAF*55
Commitment period11395-(96/110)31-32
Eligible members8240-(86/56)*359
Interest rate on trust loans8846-(88/61) ESAF56
Lending, considered as a member’s official reserves by FundChairman’s Summing up EBM/87/17654
Reserve Account, Review11409-(97/1) ESAF383
11848-(98/1) ESAF383
Transfer to ESAF/HIPC Trust11713-(98/49) ESAF48
Special ESAF operations for HIPC and interim ESAF subsidy operations, see, Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations
Transfer and retransfer of resources to and from Special Disbursement Account8760-(87/176)*378
Transfer to ESAF/HIPC Trust11683-(98/27)47
11713-(98/49) ESAF48
Trust grants or trust loans under special ESAF operations for HIPC and interim ESAF subsidy operations11434-(97/10)42
Enhanced surveillance:
Midterm review, procedure10365-(93/67)80
Chairman’s Summing Up EBM/93/1580
Procedures for transmittal of staff reports8222-(86/45)76
Chairman’s Summing up EBM/85/13276
Enlarged access, policy on6783-(31/40)*252
European Currency Unit, representative rate in terms of SDR7041-(82/8) G/S551
European Monetary Cooperation Fund, consultation on calculation of representative rate for European Currency Unit7041-(82/8) G/S551
“Exceptional circumstances,” meaning in Article XIV, Section 3 (Section 4 before Second Amendment)117-1520
237-2470
Exchange arrangements, notification5392-(77/63)*10
5712-(78/41)8
Exchange contracts, unenforceability446-4452
Exchange control regulations, Fund prepared to advise whether maintained or imposed consistently with Fund Agreement446-4453
Exchange controls on capital transfers541-(56/39)385
Exchange of documents with other international agencies, see, Fund documents
Exchange rates:
Borrowing arrangements by Fund1289-(62/1)*393
Exchange rate policies of members, surveillance5392-(77/63)*10
Flexible exchange arrangements5712-(78/41)9
Floating, guidelinesB/G Res. 29-10608
Fluctuating:
Multiple currency practices (fixed and fluctuating rates)237-2468
Scope of transactions to be agreed with Fund237-2468
Free markets237-2468
Multiple currency practices arising from official action6790-(81/43)474
Notification to Fund5392-(77/63)*10
5712-(78/41)8
Pegs, notification to Fund of changes5712-(78/41)8
Representative rate for European Currency Unit in terms of SDR704-(82/8) G/S551
Unification in multiple rate systems, a basic objective of Fund649-(57/33)472
Exchange restrictions (see also Payments restrictions):
Approval1034-(60/27)461
Avoidance of escalation4134-(74/4)464
4254-(74175)476
Bilateralism433-(55/42)455
Capital transactions; see Capital transfers Consultations with Fund1034-(60/27)461
Discrimination955-(59/45)459
Guiding principle of whether measure is a restriction on payments and transfers for current international transactions1034-(60/27)460
Introduction1034-(60/27)461
Maintenance1034-(60/27)461
Multiple currency practices237-2465
649-(57/33)472
6790-(81/43)474
Payments arrears3153-(70/95)462
Retention quotas201-(53/29)457
Security reasons; see Payments restrictions Transitional arrangements under
Article XIV, obligations under
Article VIII, Sections 2, 3, and 41034-(80/27)461
Withdrawal, representation by Fund117-1520
Exchange systems, avoidance of use for non-balance of payments reasons1034-(60/27)461
Exchange taxes237-2468, 472
Notification to Fund5712-(78/41)9
Exchange transactions; see Purchase transactions
Exclusion of balances held in administrative accounts; see Accounts, Administrative accounts
Exclusion of purchases and holdings under Fund policies; seeArticle XXX(c)
Executive Board:
Annual review of implementation of surveillance over members’ exchange rate policies5392-(77/63)*10
6026-(79/13)*15
9499-(90/11)*16
10273-(93/15)*17
Communication of changes in members’ exchange arrangements5712-(78/41)8
Information on operation of buffer stocks3179-(70/102)234
5127-(76/91)235
5597-(77/171)239
7246-(82/147)241
7247-(82/147)237
Report to Board of Governors on quota increases under General Reviews of Quotas:
SeventhB/G Res. 34-2618
EighthB/G Res. 38-1629
NinthB/G Res. 43-1638
B/G Res. 44-5643
B/G Res. 45-1646
B/G Res. 45-2648
TenthB/G Res. 48-3661
B/G Res. 50-1663
Review and change of rules for designation6209-(79/124) S546
Review of broad developments in exchange rates5392-(77/63)*14
Review of decision on extended Fund facility4377-(74/114)*142
5220-(76/144)142
7558-(83/156)143
7857-(84/175)143
8192-(86/13)144
8583-(87/72)144
9189-(89/77)145
9790-(91/106)145
10723-(94/58)146
Lapse of time procedure11515-(97/59)158
Review of functioning of international adjustment process5392-(77/63)*12
Review of guidelines for borrowing by Fund9862-(91/91)450
Review of level of Fund’s SDR holdings6275-(79/158) G/S275
7626-(84/23) S281
794-(85/50) S281
8265-(86/70) S281
8574-(87/64) S282
10278-(93/19) S282
Review of prescriptions of holders of special drawing rights6467-(80/71) S527
Review of quota calculation methodB/G Res. 38-1629
Executive Directors:
Additional appointed, meaning of “the preceding two years” in Article XII, Section 3(c)597-4516
Appointment by members having five largest quotas2-1515
Determination of members entitled to appoint under Article XII, Section 3(c)574-2*515
Balances held in Fund’s administrative accounts not in excess of 0,1 percent of quota not to be considered part of Fund’s holdings of member’s currency for determination7060-(82/23)557
Participation in meetings of Development CommitteeB/G Res. 29-9603
Participation in meetings of Interim CommitteeB/G Res. 29-8597
Voting power, effect of quota changes180-5516
Export shortfalls, financing; see Compensatory and contingency financing facility
Extended arrangements4377-(74/114)*138
Access limits, see Guidelines on access limits below
Amounts to be made available1018-(92/132)256
Augmentation of rights to make purchases, elimination5706-(78/39)138
Charge4377-(74/114)*141
10464-(93/130)*155
Elimination of use under Enlarged Access Policy10181-(92/132)256
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6830-(81/65)556-57
Foreign borrowing, performance criteria6230-(79/140)*131
Form, standard10464-(93/130)*151
Guidelines on access limits10181-(92/132)256
Guidelines, operational; see Performance criteria and phasing, below Ineligibility10464-(93/130)*154-55
Publicity upon declaration7931-(85/41)518
7999-(85/90)518
Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)135
EBM/85/26137
Noncomplying purchases; see Misreporting and noncomplying purchases
Operational guidelines; see Performance criteria and phasing, below
Overdue obligations to Fund, purchases from Fund7908-(85/26)97
EBM/84/5498
Performance criteria and phasing, operational guidelines7925-(85/38)*128
Provision for enlarged access to Fund’s resources6783-(81/40)*252
Provision for supplementary financing5508-(77/127)266
Repurchases; see Repurchases Review of decision on extended Fund facility5220-(76/144)142
7558-(83/156)143
7857-(84/175)143
8192-(86/13)144
8583-(87/72)144
9189-(89/77)145
9790-(91/106)145
10723-(94/58)146
Lapse of time procedure11515-(97/59)158
Suspension of right to engage in purchase transactions10464-(93/130)*154
Extended burden sharing, implementation and modalities of new special Contingent Account9471-(90/98)*344
Review11714-(98/49)347
Extended Fund facility; see Extended arrangements External debt management policies6230-(79/140)131
External contingency financing, see Compensatory and contingency financing facility
F “First credit tranche,” Fund attitude to request for transactions125
Floating rates; see Exchange rates
Fluctuating exchange rates; see Exchange rates
Freely usable currencies5719-(78/46)559
Free markets; see Exchange rates
Fund documents:
Exchange with other international agenciesA-9786-(93/20)*511
Fund resources, use; see Use of Fund’s resources
Fund’s holdings; see Holdings of the Fund
G General Agreement on Tariffs and Trade1034-(60/27)462
4254-(74/75)477-78
B/G Res. 29-10608
Consultation and cooperation363-1499
General Arrangements to Borrow; see Borrowing by the Fund
General Resources Accounts; see Accounts
Gold:
Modalities of gold pledge for use of ESAF Trust resources under Rights Approach10286-(93/23)*381
Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund5703-(78/39)*293
5809-(78/88)294
Sale, amounts available to Trust Fund5069-(76/72)560
Sale for benefit of developing members, distribution of profits through Trust Fund …5069-(76/72)561
5709-(78/41) TR571
5832-(78/95) TR572
6540-(80/98) TR575
Sale, transfer of profits to Trust Fund5069-(76/72)561
Subscribed to Fund, ownership170-33
Gross reserve position; see Reverse position, gross
H HIPC initiative, see, Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations
Holdings of the Fund:
Adjustment by Fund5590-(77/163)348
Attribution of reductions to enlargement of member’s reserve tranche position6774-(81/35)284
6831-(81/65)*295
Attribution of reductions to repurchase obligations6831-(81/65)*295
Balances held in administrative accounts not in excess of 0.1 percent of member’s quota, exclusion from Fund’s holdings of member’s currency for certain purposes7060-(82/23)557
Computations and adjustment, rates5590-(77/163)348
Exclusion of holdings resulting from credit tranche purchases6830-(81/65)556-57
Exclusion under buffer stock facility5591-(77/163)555
Exclusion under compensatory and contingency financing facility8955-(88/126)*555
Exclusion under enlarged access policy6783-(81/40)557
Exclusion under extended Fund facility6830-(81/65)556-57
Exclusion under oil facility5371-(77/51)556
Exclusion under supplementary financing facility5508-(77/127)556
Exclusion under systemic transformation facility10348-(93/61) STF558
Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
Repurchases; see Repurchases
I Import restrictions imposed for balance of payments reasons, GATT members1034-(60/27)462
Income, accrued, see Overdue obligations to Fund, purchases from Fund, Accrued charges and income
Income, Net, see Net Income
Income position, see Burden sharing
Income target, see Burden sharing, net income target
Ineligibility; see Extended arrangements; Standby arrangements; Use of Fund’s resources Interest:
Charge on loans from Trust Fund5069-(76/72)565
Payment on Fund indebtedness under General Arrangements to Borrow1289-(62/1)*390
Payment on Fund indebtedness under supplementary financing facility Subsidy Account6683-(80/185)* G/TR579
Payment under supplementary financing facility5509-(77/127) Annex411
6163-(79/96)446-47
Payments by members under Trust Fund loan agreements6358-(79/188)574
5069-(76/72)565
Interim Committee of the Board of Governors on the International Monetary System:
EstablishmentB/G Res. 29-8*596
Review of functioning of international adjustment process5392-(77/63)*12
Rules of procedure611
International Bank for Reconstruction and Development, prescription as holder of special drawing rights6718-(81/1) S530
International Development Association, prescription as holder of special drawing rights6718-(81/1) S530
International Fund for Agricultural Development, prescription as holder of special drawing rights6489-(80/77) S530
International monetary system, reformB/G Comp. Res595
International Natural Rubber, Sugar, and Tin Agreements; see Buffer stock financing facility
Interpretation under Articles of Agreementxliv
Investment:
Currencies held in supplementary financing facility Subsidy Account6683-(80/185) G/TR580
6854-(81/78) SBS*584
Currency balances held in Trust Fund5069-(76/72)567
5972-(73/189)570
5973-(78/189) TR571
Islamic Development Bank, prescription as holder of special drawing rights7086-(82/42) S530
J Japan, Borrowing agreement with Fund; see Borrowing by the Fund
Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries:
EstablishmentB/G Res. 29-9*600
Rules of procedure612
Secretariat function, changes in organization of work and structure613
Joint Vienna Institute10575-(94/4)734
Authorization to extend the Agreement until August 19, 200411675-(98/21)743
L Lapse of time procedure, Review under Fund arrangements11515-(97/59)158
M Maintenance of value, adjustment: general policies and procedures relating to arrears to FundActing Chairman’s Summing up EBM/88/19100
Managing Director:
Authority to establish Borrowed Resources Suspense Accounts, and to transfer and invest balances of borrowed currencies6844-(81/75)448
6845-(81/75)449
Authority to make calls under borrowing arrangements in connection with supplementary financing facility6006-(79/3)445
Authorized signatories9605-(90/170)517
Consultation by eligible member to request assistance from Trust Fund5069-(76/72)563
Consultation by member before making request under supplementary financing facility5508-(77/127)266
Consultation by member contemplating request under extended Fund facility4377-(74/114)*140
Consultation by member to request use of Fund resources under policy on enlarged access6783-(81/40)252
Consultation with members when notice of exchange policy change not received5712-(78/41)9
Consultations and proposals to Executive Board concerning sales of currencies at request of members with outstanding purchases6352-(79/183)276
Consultations with lenders on means of interest payment under borrowing agreements in connection with supplementary financing facility6163-(79/96)446
Deposit of currencies received by supplementary financing facility Subsidy Account with Bank for International Settlements6854-(81/78)* SBS584
Discussions with members judged sufficiently strong whose outstanding purchases are not subject to guidelines on early repurchase with view to reducing their indebtedness to the Fund6774-(81/35)284
Discussions with members on exchange policies5392-(77/63)*14
6026-(79/13)*15
Participation in meetings of Development CommitteeB/G Res. 29-9603
Participation in meetings of Interim CommitteeB/G Res. 29-8598
Placement of Trust Fund investments in SDR-denominated deposits5973-(78/189) TR571
Proposals for allocation of SDRs:
First basic periodB/G Res. 24-12679
Third basic periodB/G Res. 34-3681
Fourth basic period691
Proposals for calls under General Arrangements to Borrow1289-(62/1)*389
Proposals for Trust Fund investments5973-(78/189) TR571
Recommendations to Executive Board regarding approval of use of Fund resources and stand- by arrangements6056-(79/38)126
Report to Board of Governors and to Executive Board on allocation of SDRs for fourth basic period691
Signatories, authorized, see, Authorized signatories
Military expenditure and role of the FundConcluding Remarks by Acting Chairman EBM/91/138479
Misreporting and noncomplying purchases, guidelines on corrective action; see Extended or Stand-by arrangements
Mix of ordinary and borrowed resources; see Enlarged access, policy on, Apportionment between ordinary and borrowed resources
Monetary stabilization operations, use of Fund’s resources71-291
B/G Res. IM-6593
Multiple currency practices: Policy237-2465
649-(57/33)472
6790-(81/43)474
Prior Fund approval5712-(78/41)9
Spreads6790-(81/43)474
N “Net creditor position in the Fund”6008-(79/3)446
Net income, Disposition
for FY 199410704-(94/52)325
for FY 199510957-(95/40)329
New Arrangements to Borrow, see, Borrowing by the Fund
Noncomplying purchases; see Extended or Stand-by arrangements, Misreporting and noncomplying purchases
Nordic Investment Bank, prescription as holder of special drawing rights6488-(80/77) S530
O Official clearing and payments arrangements, Temporary exemption from three-month rule10749-(94/67)456
Oil facility:
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5371-(77/51)556
Operational budgets:
Assessment of strength of member’s balance of payments and gross reserve position6273-(79/158) G/S272
Sales of SDRs and use of currencies6772-(81/35) G/S278
Overdue obligations to Fund, purchases from Fund (see also Extended or Stand-by arrangements)7908-(85/26)97
10464-(93/130)*150, 154
Access to enhanced structural adjustment facility (ESAF)Chairman’s Closing Remarks EBM/88/1299
Accrued charges and income8433-(86/175)298
Accounting for overdue charges8433-(86/175)298
Burden sharing; see Burden Sharing Complaint, period of considerationChairman’s Summing up EBM/85/17098
EBM/90/38111
Compulsory withdrawal343-(54/47)554
EBM/89/100106
EBM/89/101110
EBM/90/38112, 116
EBM/89/100104
EBM/89/101104
Declaration of noncooperation or censureEBM/89/100105
EBM/89/101110
Deferred income8433-(86/175)298
Letter to GovernorsEBM/89/100107, 108
EBM/89/101110
Maintenance of value adjustments, policies and proceduresChairman’s Summing up EBM/88/19100
Procedures for dealing with membersEBM/89/101102
Publicity upon declaration of ineligibility7999-(85/90)518
Reporting by Fund7931-(85/41)518
Rights accumulation programs, operational modalitiesChairman’s Summing up EBM/90/97117
EBM/91/42120
EBM/92/58121
EBM/95/29122
Setoff in connection with retroactive reduction of charges due by members in arrears8271-(86/74)302
Special charges on8165-(85/189)* G/TR299
Setoff against charges due for second quarter of FY 19878442-(86/178)302-03
Strengthened cooperative strategy, time table Chairman’s of proceduresStatement EBM/90/38111
EBM/92/58121
Overdue payments to Fund; see Overdue obligations to Fund
P Payments arrears3153-(70/95)94
EBM/80/15495
EBM/89/6196
Payments policies of members4134-(74/4)464
Payments restrictions; (see also Exchange restrictions; Payments arrears):
For security reasons, Fund jurisdiction144-(52/51)454
Withdrawal or general abandonment117-1520
“Position in the Fund,” definition6274-(79/158)274
6772-(81/35) G/S279
Press information notices, Release following completion of Article IV consultation, see, Article IV consultation
Prior notice to Fund, imposition of payments restrictions for security reasons144-(52/51)454
Publication of reports, overdue obligations7931-(85/41)518
Publicity on declaration of ineligibility7999-(85/90)518
Publicity upon Suspension of Voting Rights and termination of suspension10305-(93/32)519
Purchase transactions (see also Use of Fund’s resources):
Augmentation of rights to purchase under stand-by and extended arrangements, elimination5706-(78/39)138
Purchase under buffer stock financing facility2772-(69/47)*232
3179-(70/102)234
5127-(76/91)235
5591-(77/163)555
5597-(77/171)237
7246-(82/147)240
7247-(82/147)236
Purchases under compensatory and contingency financing facility8955-(88/126)*192
Purchases under credit tranche; see Tranche policies
Purchases under extended arrangements4377-(74/114)*139
6830-(81/65)137
10464-(93/130)*151
Purchases under stand-by arrangements270-(53/95)*123
10464-(93/130)*147
Purchases under supplementary financing facility5508-(77/127)265
Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a proposal10464-(93/130)*154-55
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*124
10464-(93/130)*150
Suspension, effect on General Arrangements to Borrow1289-(62/1)*394
Suspension of transactions under extended arrangements10464-(93/130)*154-55
Suspension of transactions under stand-by arrangements270-(53/95)*124
10464-(93/130)*150
Q Quotas:
Adjustment, first interval of five years408-23
Calculation, review of methodB/G Res. 38-1629
Change, effect on voting power of elected Executive Director180-5516
Reviews:
First408-23
Sixth General ReviewB/G Res. 31-2615
Seventh General ReviewB/G Res. 34-2618
Sale of SDRs by Fund to members for use in quota payments6663-(80/160) S287
Eighth General ReviewB/G Res. 38-1629
Ninth General Review Report of Executive Board to Board of GovernorsB/G Res. 43-1638
B/G Res. 44-5643
B/G Res. 45-1646
B/G Res. 45-2648
Payment of increases in quotas11649-(98/1)657
Period of consent, extension11649-(98/1)656
Tenth General Review
Report of Executive Board to Board of GovernorsB/G Res. 48-3661
Eleventh General Review
Report of Executive Board to Board of GovernorsB/G Res. 53-2666
Special adjustment for members with very small quotasB/G Res. 44-1640
B/G Res. 38-1631
R Rates for official communications of Fund534-3496
Rates of exchange; see Exchange rates; Multiple currency practices
Reconstitution; see Special drawing rights, Reconstitution
Remuneration on net creditor positions, balances held in Fund’s administrative accounts not in excess of 0. 1 percent of quota, exclusion from Fund’s holdings of member’s currency for calculation7066-(82/23)557-58
Remuneration, rate, burden sharing8348-(86/122)*304
Repayment by Fund of borrowed currency1289-(62/1)*391
Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
Reporting by the Fund of overdue obligations7931-(85/41)518
Repurchases:
Attribution of reductions in Fund’s holdings of currencies6774-(81/35)284
6831-(81/65)*295
Currency resulting from purchase under credit tranches5703-(78/39)*292
Currency resulting from purchase under extended arrangement10464-(93/130)*155
Currency resulting from purchase under stand-by arrangement10464-(93/130)150
Early, guidelines5704-(78/39)288
6172-(79/101)290
6273-(79/158) G/S272
Early, expectation, debt and debt service reduction operations; see Debt and debt service reduction operations, early repurchase expectations
Guidelines for selection of currencies6274-(79/158)273
6774-(81/35)282
Obligations to pay gold, payment with SDRs or currencies of other members5703-(78/39)*293
5809-(78/88)294
Of Fund’s holdings102-(52/11)92
Procedures5703-(78/39)*292
Under buffer stock financing facility5703-(78/39)*293
Sixth International Tin Agreement7247-(82/147)236
1977 International Sugar Agreement5597-(77/171)239
International Natural Rubber Agreement, 19797246-(82/147)240
Under compensatory and contingency financing facility5703-(78/39)*292
8955-(88/126)*200,209,217
Under decision on enlarged access6783-(81/40)254
Under extended Fund facility4377-(74/114)*141
Under supplementary financing facility5508-(77/127)269
Reserve assets:
Guidelines for determining amount to be paid in connection with subscriptions6266-(79/156)4
Payment for subscriptions:
Under Eighth General Review of QuotasB/G Res. 38-1634
Under Ninth General Review of QuotasB/G Res. 45-2656-57
Reserve position, gross, assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S272
Reserve tranche position:
Attribution of reductions in Fund’s holdings of currencies to enlarge6774-(81/35)284
6831-(81/65)*295
Review7704-(84/78)296
Balances held in Fund’s administrative ac counts not in excess of 0.1 percent of quota not to be considered part of Fund’s holdings of member’s currency for determination7060-(82/23)557
Reserve tranche purchases (see also Use of Fund’s resources):
Exclusion of purchases and holdings in credit tranches6830-(81/65)556
Exclusion of purchases and holdings under buffer stock financing facility5591-(77/163)555
Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*555
Exclusion of purchases and holdings under extended facility6830-(81/65)556
Exclusion of purchases and holdings under oil facility5371-(77/51)556
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)557
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)556
Exclusion of purchases and holdings under systemic transformation facility10348-(93/61) STF558
Restrictions; see Exchange restrictions; Payments restrictions
Retention quotas201-(53/29)457
Rights approach or Rights accumulation programs; see Overdue obligations to Fund, purchases from Fund
Rule G-11289-(62/1)*393
Rule I-6(4):
Rate of charges8165-(85/189)*
G/TR299
8780-(88/12)310
8861-(88/67)311
9135-(89/46)315
947-(90/98)344
10340-(93/54)318, 319
10348-(93/61) STF251
11249-(96/39)333
11251-(96/39)336
Rule I-10:
Rate of remuneration8348-(86/122)*304
8861-(88/67)*312
947-(90/98)344
10340-(93/54)319
Rule O-2:
Determination of exchange rate1289-(62/1)*393
5590-(77/163)348
6001-(79/1) S537
6053-(79/34) S539
6054-(79/34) S541
6336-(79/178) S542
704-(82/8) G/S551
Valuation of U.S. dollar in terms of special drawing rights6709-(80/189)3525
Rule P-7:
Declaration concerning use of special drawing rights in accordance with prescription on donations6437-(80/37) S545
Declaration concerning use of special drawing rights in accordance with prescription on forward operations6337-(79/178)S544
Declaration concerning use of special drawing rights in accordance with prescription on loans6001-(79/1) S538
Declaration concerning use of special drawing rights in accordance with prescription on pledges6053-(79/34) S*539
Declaration concerning use of special drawing rights in accordance with prescription on settlement of financial obligations6000-(79/1) S*536
Declaration concerning use of special drawing rights in accordance with prescription on swap operations6336-(79/178) S543
Declaration concerning use of special drawing rights in accordance with prescription on transfers as security for performance of financial operations6054-(79/34) S*541
Rule P-9, record of operations in special drawing rights6000-(79/1) S*536
6001-(79/1) S538
6053-(79/34) S*540
6054-(79/34) S*542
6336-(79/178) S544
6337-(79/178) S545
6437-(80/37) S545
8186-(86/9) SBS/S531
8239-(86/56) SAF532
8937-(88/118) ESAF/S533
Rule R-1 through R-6, rules for reconstitution, abrogation6832-(81/65)550
RuleT-1, interest and charges in respect of SDRs8759-(87/176)* ESAF44
11251-(96/39)336
S Saudi Arabia, association agreement under General Arrangements to Borrow;
Borrowing by the Fund Transferability of claims7629-(84/25)403
SDDS, see, Special Data Dissemination Standard (SDDS)
Section 22 of By-Laws, compulsory withdrawalEBM/89/100 and EBM/89/101106
Special contingent account, establishment8619-(87/90)309
Additions in FY 1988 and disposition of amounts placed in FY 1987 and FY 19888780-(88/12)310
Special Contingent Account (SCA-2)9471-(90/98)*344
Special Data Dissemination Standard (SDDS), see, Standards for dissemination of economic and financial statistics to the public by member countries and implementation of the SDDS
Special Disbursement Account; see Accounts Special drawing rights:
Allocation for first basic periodB/G Res. 24-12679
Allocation for third basic periodB/G Res. 34-3681
New participants5956-(78/180) S534
6368-(79/191) S534
Allocation for fourth basic period. Managing Director’s report to Board of Governors and to Executive Board691
Change in method of valuation, effect on claims under supplementary financing facility5509-(77/127) Annex443
Designation, review of rules and method of calculating amounts6209-(79/124) S546
Holders prescribed by the Fund:
African Development Bank and African Development Fund8318-(86/104) S530
Andean Reserve Fund6486-(80/77) S529
Arab Monetary Fund6609-(80/126) S530
Asian Development Bank7229-(82/136) S530
Bank for International Settlements6484-(80/77) S529
Bank of Central African States7064-(82/26) S530
Central Bank of West African States6908-(81/101) S530
East African Development Bank7582-(83/174) S530
Eastern Caribbean Central Bank7707-(84/79) S530
International Bank for Reconstruction and Development6718-(81/1) S530
International Development Association6718-(81/1) S530
International Fund for Agricultural Development6489-(80/77) S530
Islamic Development Bank7086-(82/42) S530
Nordic Investment Bank6488-(80/77) S530
Swiss National Bank, Termination of status10225-(92/147) S530
Terms and conditions for accepting, holding, or using SDRs6467-(80/71) S526
Level of SDR holdings in General Resources Account, maintenance; see Accounts, General Resources Account
Loans for Trust Fund expressed in5069-(76/72)565
Method of collecting exchange rates for calculation of value of SDR for purpose of Rule O-2(a)6709-(80/189) S525
Payment of net charges and assessment in Special Drawing Rights Department; see Special Drawing Rights Department, payment
Payment of subscriptions6266-(79/156)5
Reconstitution, abrogation of rules6832-(81/65) S550
Sale by Fund to members for use in quota payments under Seventh General Review6663-(80/160) S287
Sale by Fund, guidelines6773-(81/35) G/S278
7626-(84/23) S281
7941-(85/50) S281
8265-(86/70) S281
8574-(87/64) S281
10278-(93/19) S282
SDR-denominated deposits with Bank for International Settlements5973-(78/189) TR571
Transfers under Article V, Section 3(f)6275-(79/158) G/S275
Transfers under Article V, Section 6(b), guidelines for selection of currencies6274-(79/158)273
6774-(81/35)282
Use in donations6437-(80/37) S545
Use in financial operations under ESAF
Trust or administered account8937-(88/118) ESAF/S532
Use in forward operations6337-(79/178) S544
Use in loans6001-(79/1) S536
Use in operations under structural adjustment facility8239-(86/56) SAF531
Use in payment of charges5702-(78/39)* G/S297
Use in payment of 25 percent of quota increasesB/G Res. 31-2616
B/G Res. 34-2619, 623
B/G Res. 38-1634
B/G Res. 45-2657
Use in payment of subsidy8186-(86/9) SBS/S531
Use in payment of Trust Fund obligations8642-(87/101) S/TR530
Use in pledges6053-(79/34) S*538
Use in repurchases5703-(78/39)293, 294
5809-(78/88)294
Use in settlement of financial obligations6000-(79/1) S*535
Use in swap operations6336-(79/178) S542
Use in transfers as security for performance6054-(79/34) S540
Valuation basket, guidelines for calculation of currency amount8160-(85/186) G/S524
Valuation basket, see also, valuation method Valuation for use in borrowing arrangements1289-(62/1)*393
Valuation, interimB/G Res. 29-10609
Valuation method6631-(80/145) G/S521
9549-(90/146) G/S523
11073-(95/92) G/S523-24
Valuation of U.S. dollar pursuant to Rule O-2(a), method6709-(80/189) S525
Special Drawing Rights Department, payment of net charges and assessment7116-(82/68) S552
Stabilization of prices of primary products, Fund facility; see Buffer stock financing facility
Standards for the dissemination of economic and financial statistics to the public by member countries and implementation of the SDDSEBM/96/36481
Stand-by Arrangements:270-(53/95)*123
Access limits, see Guidelines on access limits below
Augmentation of rights to make purchases, elimination5706-(78/39)138
Charges10464-(93/130)*150
Conditionally, guidelines6056-(79/38)125
Review8192-(86/13)144
8583-(87/72)144
9790-(91/106)145
10723-(94/58)146
Elimination of use under Enlarged Access Policy10181-(92/132)256
Exclusion of purchases for purposes of definition of “reserve tranche purchase”6830-(81/65)556
Foreign borrowing, performance criteria6230-(79/140)*130
Form, standard10464-(93/130)*147
Guidelines on access limits10181-(92/132)256
10819-(94/95)256
11098-(95/101)257
11374-(96/102)257
Guidelines, operational; see Performance criteria and phasing, below Ineligibility270-(53/95)*124
10464-(93/130)*150
Publicity upon declaration of7999-(85/90)518
793-(85/41)518
Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)135
Noncomplying purchases; see Misreporting and noncomplying purchases, above
Operational guidelines; see Performance criteria and phasing, below
Overdue obligations to the Fund, purchases from Fund7908-(85/26)97
EBM/84/5498
Payments arrears, performance criteria3153-(70/95)94
Performance criteria and phasing, operational guidelines7925-(85/38)128
Period270-(53/95)*123
5508-(77/127)267
6783-(81/40)253
Policies and procedures270-(53/95)*123
Provision for enlarged access to Fund’s resources6783-(81/40)252
10181-(92/132)256
Provision for supplementary financing5508-(77/127)266
Relationship between performance criteria and phasing of purchases, operational guidelines7925-(85/38)128
Renewal270-(53/95)*123
Repurchases; see Repurchases, Currency resulting from purchase under stand-by arrangement
Review, Lapse of time procedure11515-(97/59)158
Suspension of right to engage in purchase transactions270-(53/95)*124
10464-(93/130)*150
Strengthened cooperation strategy on overdue obligations to Fund; see Overdue obligations to Fund, purchases from Fund Structural adjustment facility:
Amounts of assistance8240-(86/56) SAF*359
9809-(91/114) SAF377
10090-(92/24) SAF/ESAF377
Income from investment and loans, availability of use8760-(87/176)378
Interest8238-(86/56) SAF*355
List of eligible members and amounts of assistance8240-(86/56)*359
Loans under ESAF8238-(86/56)* SAP357
Regulations for administration8238-(86/56)* SAP351
Chairman’s Summing up EBM/86/56363
Review of experience, conditionality, benchmarks, and prior actionsChairman’s Summing Up EBM/87/93367
Review of operation8241-(86/56) SAF362
8757-(87/176) SAF/ESAF374
9114-(89/40) SAF/ESAF375
9487-(90/106)* SAF/ESAF375
9808-(91/114) SAF/ESAF376
10089-(92/94) SAF/ESAF376
Lapse of time procedure, see, Stand-by Arrangements
Use of SDRs in Operations8239-(86/56) SAF531
Subscriptions:
Gold and currency, ownership by Fund170-33
Payment of quota increasesB/G Res. 31-2616, 617
B/G Res. 34-2624, 625
B/G Res. 38-1634
B/G Res. 45-2657
Reserve Assets:
Guidelines for determining amounts to be paid6266-(79/156)4
Payment:
Under Eighth General Review of QuotasB/G Res. 38-1634
Under Ninth General Review of QuotasB/G Res. 45-2657
Subsidy Account; see Accounts, Subsidy Accounts Sugar Agreement, International; see Buffer stock financing facility
Supplemental Reserve Facility:
Disposition of net operational income11683-(98/27)247
11716-(98/49)247
Establishment11627-(97/123) SRF243
Supplementary financing facility:
Authorization to make calls under borrowing arrangements6006-(79/3)445
Charges; see Charges Establishment5508-(77/127)265
No augmentation of rights to purchase5706-(78/39)138
Replenishment of Fund’s holdings of currencies5509-(77/127)438
Interest payments under borrowing agreements6163-(79/96)446-47
Meaning of “Net creditor position in the Fund”6008-(79/3)446
Repurchases; see Repurchases Subsidy Account
Disbursement of additional subsidy amount for period ending June 30, 19868523-(87/25) SBS587
Disbursement of additional subsidy amount for July 1, 1985 through June 30, 19878674-(87/117) SBS588
Additional subsidy payments for May 1, 1987 through June 30, 1987 and for July 1, 1987 through June 30, 19888941-(88/122) SBS589
Instrument6683-(80/185)* TR577
Investment of currencies6854-(81/78)* SBS584
Means of payments8185-(86/9) SBS/S585
Subsidy payments, July 1, 1984-June 30, 19858037-(85/110)SBS536
Subsidy payments, July 1, 1985-June 30, 19868492-(87/1)SBS587
Subsidy payments, July 1, 1986-June 30, 19878674-(87/117)SBS588
Subsidy payments, July 1, 1987-June 30, 19888941-(88/122) SBS589
Subsidy payments, July 1, 1988-June 30, 19899222-(89/97) SBS590
Subsidy payments. May 1-June 30, 1989 and July 1, 1989-June 30, 19909510-(90/122) SBS590
Subsidy payments, May 1-June 30, 1990 and July 1, 1990-June 30, 19919788-(91/105) SBS591
Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS585
Transferability of claims; see Transferability of claims
Surveillance over exchange rate policies5392-(77/63)*10
9499-(90/111)*16
Enhanced surveillance; see Enhanced surveillance
Operational guidance; see Procedures, implementation of three-month period
Procedures, implementation of three-month period7427-(83/83)20
Chairman’s Remarks EBM/91/1521
Review of procedures9499-(90/111)*16
10273-(93/15)17
10949-(95/37)18
11477-(97/38)18
Supplemental surveillance procedures6026-(79/13)*15
Suspension of voting rights, publicity, see Voting rights, suspension, publicity
Systemic transformation facility10348-(93/61)* STF247
Expiration of Period10961-(95/41)251
T Technical assistance activities, Framework administered account10942-(95/33)*86
Technical assistance, Fund ready to meet requests in preparation of economic programs and measures for exchange simplification649-(57/33)473
Tin Agreements, International; see Buffer stock financing facility
Trade, Voluntary Declaration4254-(74/75)476
B/G Res. 29-10608
Tranche policies:
Application in connection with decision on enlarged access6783-(81/40)252
Application in connection with supplementary financing facility5508-(77/127)266
Application in connection with buffer stock financing facility10186-(92/132)233
Application in connection with compensatory and contingency financing facility8955-(88/126)*192
Application in connection with systemic transformation facility10348-(93/61) STF248
Exclusion of credit tranche purchases for purpose of definition of “reserve tranche purchase”6830-(81/65)137
Floating, elimination for purpose of determining level of conditionality applied to purchase10186-(92/132)233
Fund attitude to request for transactions within “first credit tranche” and beyond125
Transferability of claims:
General Arrangements to Borrow1289-(62/1)*393
7628-(84/25)402
Saudi Arabia’s borrowing agreement7629-(84/25)403
Transitional provisions of Article XIV117-1520
1034-(60/27)461
Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations (ESAF/HIPC Trust)11436-(97/10)*57
Chairman’s Summing up EBM/97/1069
Administration of the Trust11436-(97/10)*66
Contributions to the Trust11436-(97/10)*62
Instrument to establish11436-(97/10)*58
Period of operation and liquidation11436-(97/10)*68
Terms and conditions for administration of Account11698-(98/38)ESAF72
Transfer from ESAF Trust11683-(98/29)47
Trust grants and loans11436-(97/10)*62
Trust Fund:
Deposits denominated in SDRs5973-(78/189)TR571
Distribution of profits from sale of gold for benefit of developing countries5069-(76/72)561
5709-(78/41) TR571
5832-(78/95) TR572
6540-(80/98) TR575
Diversification of investments5972-(78/189)570
5973-(78/189) TR571
Eligible members, review of list5563-(77/150) TR569
Final payments of profits and loans for period July 1, 1976- June 30, 19785832-(78/95) TR572
Instrument5069-(76/72)561
Amendment5563-(77/150) TR569
5972-(78/189)570
6793-(81/45)577
Means of payment of interest6358-(79/188) TR*574
Means of repayment by members on their indebtedness under loan agreements7142-(82/85) TR*575
Overdue interest and special charges8165-(85/189)* G/TR299
Elimination after six months or more10352-(93/49) G/TR*300
Repayment terms: Final loan disbursement6793-(81/45)577
Second period:
Extension6466-(80/68) TR573
6676-(80/168) TR573
Extension of period for qualification6202-(79/121) TR573
Timing of loan disbursements6201-(79/121) TR572
Special charges on overdue interest8165-(85/189) TR*300
Termination and transfer of resources to Special Disbursement Account6704-(80/185)TR576
U Unenforceability; see Exchange contracts United Nations:
Agreement with International Monetary Fund695
Convention on the Privileges and Immunities of the Specialized Agencies702
Application to Fund, Annex V721
List of members which have accepted with respect to Fund722
General Assembly Resolution entitled “Uniting for Peace,” due regard by Fund in conduct of its activitiesB/G Res. 6-8594
United States dollars:
Determination of value in terms of special drawing right pursuant to Rule O-2(b)6709-(80/189) S525
Inclusion in operational budgets6772-(81/35) G/S278
Use for payment of interest and other Fund liabilities6358-(79/188)* TR574
Use for repayments by members on their indebtedness under Trust Fund loan agreements7142-(82/85)* TR575
Use in payments under supplementary financing facility Subsidy Account7754-(84/108) SBS586
Use of Fund’s resources (see also, Borrowing by the Fund; Charges; Extended arrangements;
Purchase transactions; Stand-by arrangements):
Access limits, see, Guidelines on access limits below
Access policy, see, Guidelines on access limits below
Application of same policy for stand-by arrangements as for requests for immediate drawings276-(53/95)*123
Authority to use resources of Fund, interpretation of Articles of Agreement71-291
Buffer stock financing2772-(69/47)*232
Buffer stock financing facility as applied to 1977 International Sugar Agreement5597-(77/171)237
Buffer stock financing facility as applied to International Tin Agreements:
Fourth3179-(70/102)234
3351-(71/51)235
Fifth5127-(76/91)235
Sixth7247-(82/147)236
Capital transfers1238-(61/43)91
Compensatory and contingency financing facility8955-(88/126)*192
Conditionally, guidelines6056-(79/38)125
Review8192-(86/13)143
8583-(87/72)144
9189-(89/77)145
9790-(91/106)145
10723-(94/58)146
“Consistent with the provisions of this Agreement” in Article V, Section 3, meaning287-391
Credit tranche policies; see Tranche policies Enlarged access, policy on6783-(81/40)*252
Extended Fund facility4377-(74/114)*138
“First credit tranche”125
Floating of facilities, Elimination with respect to first credit tranche conditionality10186-(92/132)233
Guidelines on access limits10181-(92/132)256
Reviews10819-(94/95)256
11098-(95/101)257
11374-(96/102)257
11608-(97/112)258
In accordance with purposes of Fund102-(52/11)93
Ineligibility:
Effect on purchases under extended arrangement10464-(93/130)*154-55
Effect on purchases under stand-by arrangement270-(53/95)*124
104-(54-(93/130)*150
Publicity upon declaration7999-(85/90)518
7931-(85/41)518
Under Article V, Section 5284-3285
Under Article XXVI, Section 2(a) (Article XV, Section 2(a) before Second Amendment)343-(54/47)554
Interpretation of Articles of Agreement71-291
Limit on access to Fund resources, guidelines10181-(92/132)256
10819-(94/95)256
11098-(95/101)257
Limitation under Article V, Section 5284-3285
286-1285
Monetary stabilization operations71-291
Postponement, limitation under Article V, Section 5286-1285
“Represents” in Article V, Section 3(b)(ii), meaning of the word284-492
Reserve tranche purchases; see Reserve tranche purchases
Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a request10464-(93/130)*150
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*124
Stand-by and extended arrangements, forms, standard10464-(93/130)*146
Suspension of exchange transactions, effect on General Arrangements to Borrow1289-(62/1)*394
Suspension of transactions under extended arrangements10464-(93/130)*154-55
Suspension of transactions under stand-by arrangements270-(53/95)*124
10464-(93/130)*150
Temporary assistance in financing balance of payments deficits71-291
Tranche policies; see Tranche policies Waiver of condition of Article V, Section 3(b)(iii), see Waiver of condition
Waiver of 200 percent of quota limit2772-(69/47)*233
see also Article V, Section 3(b)(iii)
V Vienna Institute:
Agreement for the establishment10575-(94/4)734
Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)476
B/G Res. 29-10608
Voting power, elected Executive Directors, effect of change in quota180-5516
Voting rights, suspension, publicity10305-(93/32)519
W Waiver of condition of Article V Section 3(b)(iii)4377-(74/114)*141
5508-(77/127)270
6783-(81/40)255
8955-(88/126)*192
World Bank, see, Bank
World Economic Outlook, framework for discussions of international adjustment process5392-(77/63)*14
World Trade Organization (WTO):
Agreement between WTO and the IMF751
Fund-WTO Cooperation Agreement11381-(96/105)747
Guidelines/Framework for Fund staff collaboration10968-(95/43)504

References are to the Articles of Agreement after the Second Amendment, which entered into force April 1, 1978. References to Articles in effect before the Second Amendment are indexed under their corresponding Articles after the Second Amendment.

References are to the Articles of Agreement after the Second Amendment, which entered into force April 1, 1978. References to Articles in effect before the Second Amendment are indexed under their corresponding Articles after the Second Amendment.

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