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

Back Matter

Author(s):
International Monetary Fund
Published Date:
August 1997
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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-(82/23)516
Borrowed Resources Suspense Accounts6844-(81/75)416
6845-(81/75)416
Framework Administered Account for technical assistance activities10942-(95/33)78
General Account; see General Resources Account, below
General Resources Account:
Adjustment of currency holdings of members5590-(77/163)323
Exchange rate for Fund computations5590-(77/163)323
Level of Fund SDR holdings, maintenance6275-(79/158) G/S256
7626-(84/23) S261
7941-(85/50) S261
8265-(86/70) S261
8574-(87/64) S262
10278-(93/19) S262
Purchase of SDRs for payment of charge5702-(78/39)* G/S277
Reimbursement for expenses of carrying out business of supplementary financing facility Subsidy Account6683-(80/185)G/TR*541
Reimbursement for expenses of conducting business of Trust Fund5069-(76/72)526
Sales of SDRs for payment of quota increases by members under Seventh General Review of Quotas6663-(80/160) S268
Special Contingent Account, see Special Contingent Account
Special Disbursement Account, transfer of resources to ESAF Trust and retransfer to Special Disbursement Account8760-(87/176)*351
Special Disbursement Account, transfers to supplementary financing facility Subsidy Account6683-(80/185) G/TR*536
6704-(80/185)TR325
Investment7990-(85/81)325
8029-(85/105)326
Structural adjustment facility; see Structural adjustment facility
Special Drawing Rights Department, payment of net charges and assessments7116-(82/68) S511
Subsidy Accounts:
Supplementary financing facility:
Disbursement of additional subsidy amounts for period ending June 30, 19868523-(87/25) SBS545
Instrument6683-(80/185) G/TR*536
Investment of currencies6854-(81/78)* SBS416
Means of payments8185-(86/9) SBS/S543
Subsidy payments, July 1, 1983- June 30, 19847754.(84/108) SBS543
Subsidy payments, July 1, 1984- June 30, 19858037-(85/110) SBS544
Subsidy payments, July 1, 1985- June 30, 19868492-(87/1) SBS544
Subsidy payments, July 1, 1986- June 30, 19878674-(87/117) SBS546
Subsidy payments, July 1, 1987- June 30, 19888941-(88/122) SBS546
Subsidy payments, July 1, 1988- June 30, 19899222-(89/97) SBS547
Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS543
Transfer of funds from Special Disbursement Account following termination of Trust Fund6704-(80/185) TR325,534
Accrued charges and income; see Overdue obligations to Fund, purchase from Fund
Adjustment process, international, review5392-(77/63)*10-11
Administered accounts; see Article 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) S489
Andean Reserve Fund, prescription as holder of special drawing rights6486-(80/77) S489
Arab Monetary Fund, prescription as holder of special drawing rights6609-(80/126) S489
Archives of the Fund, opening11192-(96/2)460
Arrears to the Fund, see Overdue Obligations to Fund
Articles of Agreement* Amendment, SecondB/G Res. 29-8555
B/G Res. 29-10565
Article 1, purposes of the Fund287-383
433-(55/42)422
1034-(60/27)427
4377-(74/114)*130
5069-(76/72)520
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. 31-2573
B/G Res. 34-2576
B/G Res. 38-1587
B/G Res. 43-1596
B/G Res. 44-1598
B/G Res. 44-5601
B/G Res. 45-1605
B/G Res. 45-2607
B/G Res. 48-3620
Article IV: Consultations5392-(77/63)*8-9
6026-(79/13)*13
6056-(79/38)117
6790-(81/43)442
7427-(83/83)18
10168-(92/127)17
Consultations, bicyclic procedure Termination, see Termination of Bicyclic procedures below
Exchange arrangements5392-(77/63)8
5712-(78/41)7
Press information notices, Release11493-(97/45)22
Termination of Bicyclic Consultation procedure10362-(93/67)17
Article IV, Section 3, surveillance over exchange rate policies5392-(77/63)*8-13
6026-(79/13)*13-15
Article V, Section 11289-(62/1)365
Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund1289-(62/1)*362
Article V, Section 3(a), “consistent with the provisions of this Agreement,” meaning287-383
Article V, Section 3(b)(ii), “represents” that a member has a need to make purchases284-484
Chairman's Summing-up EBM/87/17650
Article V, Section 3(b)(iii), waiver4377-(74/114)*132
5508-(77/127)251
6783-(81/40)237
8955-(88/126)*181
Article V, Section 3(d): Sale of members' currencies for repurchases5704-(78/39)270
Selection of currencies in purchases6273-(79/158) G/S253
6274-(79/158)254
6352-(79/183)257
6774-(81/35)262,263
Article V, Section 3(f), transfers of SDRs6275-(79/158) G/S256
Article V, Section 5, limitation on use of Fund's resources284-3266
286-1266
7842-(84/165)128
Article V, Section 6, sale of SDRs by the Fund6663-(80/160) S268
Article V, Section 6(b), transfers of SDRs by the Fund6274-(79/158)254
6774-(81/35)262
Article V, Section 7, repurchases1289-(62/1)*362
5703-(78/39)*273
5704-(78/39)269
5809-(78/88)*275
6172-(79/101)270
Article VI, capital transfers1238-(61/43)83
Article VII, replenishment of Fund's holdings of currencies5508-(77/127)247
5509-(77/127)406
6783-(81/40)*234
Article VII, Section 1, borrowing by Fund1289-(62/1)*358
8897-(88/93)383
6783-(81/40)*234
Article VIII:
Bilateralism433-(55/42)422
Consultations5712-(78/41)8
Retention quotas201-(53/29)424
Article VIII and Article XIV1034-(60/27)427
Article VIII, Sections 2, 3, and 4, acceptance of obligations1034-(60/27)428
Article VIII, Section 2(a): Payments restrictions144-(52/51)421
Article VIII, Section 2(b), unenforceability of exchange contracts446-4419
Article VIII, Section 3, multiple currency practices237-2432
649-(57/33)439
6790-(81/43)440
Article VIII, Section 7B/G Res. 34-3629
Article IX, Section 7, privilege for communications534-3461
Article XII, Section 3(b)(i) and 3(f)2-1476
Article XII, Section 3(c): Additional appointed Executive Directors Determination of member's entitlement to574-2*476
appoint Executive Director7060-(82/23)517
“The preceding two years,” meaning597-4477
Article XIV:
Articles VIII and XIV1034-(60/27)427
Bilateralism433-(55/42)422
Consultations5392-(77/63)12
Retention quotas201-(53/29)424
Article XIV, Section 11034-(60/27)428
Article XIV, Section 2:
Multiple currency practices237-2437
Payments restrictions144-(52/51)421
3153-(70/95)429
Transitional arrangements446-4420
Article XIV, Section 3117-1480
Article XVII, Section 3, other holders of special drawing rights6467-(80/71) S486
6484-(80/77) S488
6486-(80/77) S489
7629-(84125)374-75
8642-(87/101)S/TR490
8759-(87/176)ESAF*38
8937-(88/118)ESAF491
Article XVIII, allocation of special drawing rightsB/G Res. 24-12625
B/G Res. 34-3627
Article XVIII, Section 2(d), allocations of special drawing rights to new participants5956-(78/180) S493
6368-(79/191) S493
Article XIX, Section 2(c):
Acceptance and use of special drawing rights by prescribed holders6467-(80/71) S486
Operations and transactions in special drawing rights between participants6000-(79/1)S*494
6001-(79/1)S*495
6053-(79/34)S*497
6054-(79/34)S*499
6336-(79/178)S501
6337-(79/178)S502
6437-(80/37)S503
Article XIX, Section 5, designation of participants to provide currency6209-(79/124)S505
Article XIX, Section 5(a)(i), designation plans6273-(79/158)GS253
Article XIX, Section 6(b), abrogation of rules for reconstitution6832-(81/65)S509
Article XIX, Section 7(a), calculation of exchange rates1289-(62/1)*365
6001-(79/1)S496
6053-(79/34)S*497
6054-(79/34)S*499
6336-(79/178)S501
Article XX, Section 1, interest paid on7041-(82/8)G/S510
holdings of special drawing rights6467-(80/71)S486
Article XX, Section 5, application against unpaid charges of special drawing rights acquired by participants after payment date7116-(82/68) S512
Article XXIIB/G Res. 34-3629
Article XXIII, Section 1, suspension of operations and transactions in special drawing rights6467-(80/71) S488
Article XXVI, Section 2(a), ineligibility to use Fund resources343-(54/47)513
Article XXVI, Section 31289-(62/1)*366
Article XXVII1289-(62/1)*366
270-(53/95)*115
Article XXVII, Section l(a)(i), suspension of transactions covered by stand-by arrangements270-(53/95)*115
Article XXIX(a), list of interpretations underxli
Article XXX(c):
Exclusion of purchases and holdings under buffer stock facility5591-(77/163)514
Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*514
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)*516
Exclusion of purchases and holdings under extended facility6830-(81/65)516
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)515
Exclusion of purchases under oil facility
Exclusion relating to purchases in credit tranches5371-(77/51)515
Exclusion of purchases and holdings under6830-(81/65)516
Systemic Transformation Facility
10348-(93/61)
Article XXX(f), freely usable currenciesSTF517
Article XXXI, Section 15719-(78/46)518
Schedule B, repurchases408-23
5703-(78/39)*274-75
5704-(78/39)270
Schedule B, paragraph 7(b), use of amounts in6008-(79/3)414
excess of capital value available from gold sales for benefit of developing countries5069-(76/72)519
Schedule F, rules for designation6209-(79/124) S506
Schedule G, rules for reconstitution, abrogation6832-(81/65) S509
Schedule J1289-(62/1)366
Schedule K1289-(62/1)*366
Asian Development Bank, prescription as holder of special drawing rights7229-(82/136) S489
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)*275
6774-(81-35)264
Review7704-(84/78)276
Audit:
Enhanced structural adjustment facility trust (ESAF Trust)8759-(87/176) ESAF*41
Supplementary financing facility Subsidy Account6683-(80/185) G/TR541
Trust Fund5069-(76/72)525
Augmentation; see Purchase transactions,
Augmentation
B Balance of payments position:
Assessment for assistance from Trust Fund5069-(76/72)522
Assessment for purposes of designation plans,
operational budgets, and early repurchases6273-(79/158) G/S253
Discrimination for balance of payments reasons955-(59/45)426
Bank/Fund collaboration:
Invitation to send a staff member as an observerEBM/70/30467
Bank of Central African States, prescription as holder of special drawing rights7064-(82/26) S489
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)422
Borrowed Resources Suspense Accounts; see
Borrowing by the Fund, below Borrowing by the Fund Borrowed Resources Suspense Accounts6844-(81/75)416
6845-(81/75)416
Borrowed resources, use to finance purchases under arrangements providing enlarged access to Fund's resources6783-(81/40)234
General Arrangements to Borrow:1289-(62/1)*358
Associated borrowing arrangements7403-(83/73)376
“Outstanding borrowing and unused credit lines,” clause in respect of GAB in guidelines for Fund borrowing9862-(91/156)*418
Renewal,10176-(92/129)369
Saudi Arabia, association agreement7403-(83/73)376
Renewal8897-(88/93)383
10235-(92/149)385
Transferability of claims7629-(84/25)374
Transferability of claims; see Transferability of claims Use of credit arrangements for nonparticipants1289-(62/1)*367
Guidelines9862-(91/156)417
New Arrangements to Borrow11428-(97/6)386
Nonparticipants11428-(97/6)391
Transferability of claims11429-(97/6)405
Supplementary financing facility:
Authorization to make calls6006-(79/3)413
Interest payment procedure6163-(79/96)414
Meaning of “net creditor position in the Fund”6008-(79/3)414
Replenishment of holdings of currencies5509-(77/127)406
Subsidy Account6683-(80/185) G/TR536
Buffer stock financing facility2772-(69/47)*219
Access limit and review2772-(69/47)*219
Elimination of floating10186-(92/132)220
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5591-(77/163)514
International Natural Rubber Agreement, 19797246-(82/147)227
International Natural Rubber Agreement, 19879403-(90/53)228
International Sugar Agreement, 19775597-(77/171)224
International Tin Agreements:
Fourth3179-(70/102)221
Fifth5127-(76/91)222
Sixth7247-(82/147)223
Repurchases5703-(78/39)*273
Sixth International Tin Agreement7247-(82/147)223
1977 International Sugar Agreement5597-(77/171)226
International Natural Rubber Agreement, 19797246-(82/147)227
Burden sharing8348-(86/122)*282
Managing Director's Remarks286
Extended burden sharing; see Extended burden sharing Implementation for FY 19898861-(88/67)290
for FY 19909135-(89/46)294
for FY 199410340-(93/54)*297
for FY 199510706-(94/52)305
10660-(94/38)301
for FY 199610958-(95/40)309
for FY 199711249-(96/39)312
for FY 199811480-(97/42)315
Net income target:
for FY 19898861-(88/67)291
for FY 199410704-(94/42)304
for FY 199510705-(94/42)304
for FY 199610962-(65/41)311
for FY 199711251-(96/39)315
for FY 199811482-(97/42)318
Principles of “burden sharing”8861-(88/67)290
Rate of charge:
for FY 19898861-(88/67)291
for FY 199811482-(97/42)318
Retroactive reduction of rate of charge10705-(94/52)304
Special Contingent Account, amounts placed for FY 19878619-(87/90)289
for FY 19888780-(88/12)289
for FY 19898861-(88/67)291
for FY 19909135-(89/46)295
9471-(90/98)319
for FY 199410340-(93/54)298
for FY 199510660-(94/38)302
10706-(94/52)306
for FY 199610958-(95/40)309
By-Laws, Section 20 audits; see Audits
By-Laws, Section 22, Compulsory Withdrawal: see Section 22
C Capital transfers:
Controls by members541-(56/39)357
B/G Res. 29-10566
Restrictions237-2434
Use of Fund's resources for1238-(61/143)83
B/G Res. IM-6552
Central Bank of West African States, prescription as holder of special drawing rights6908-(81/101)S489
“Changing circumstances,” adaptation of multiple currency practices237-2438
Charges:
Accounting for charges from members with overdue obligations8433-(86/175)278
Accrued charges8433-(86/175)278
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)516
Extended Fund facility4377-(74/114)*129
10464-(93/130)142
Future changes4239-(74/67)277
Interest on Trust Fund loans; see Interest Media of payment5702-(78/39)* G/S277
Oil facility Subsidy Account; see Accounts, Subsidy Accounts
Overdue obligations to Fund, special charges8165-(85/189) G/TR279
Overdue obligations to Fund, accrued income8433-(86/175)278
Payment by nonparticipant in Special Drawing Rights Department5702-(78/39)G/S277
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)S511
Rate, as of Feb. 1, 19888780-(88/12)289
as of May 1, 199410705-(94/52)304
as of November 1, 199410850-(94/107)305
as of May 1, 199510962-(95/41)311
Rate, determination of, burden sharing8348-(86/122)*283
Rate on use of ordinary resources for FY 199410391-(93/86)*300
Setoff in connection with retroactive reductions8271-(86/74)281
Special charges on overdue obligations to Fund8165-(85/189)G/TR*279
Elimination after six months or more8165-(85/189)G/TR*280
Trust Fund loans10352-(93/49)G/TR*280
Set off against charges due for second quarter of FY 19878442-(86/178)282
Stand-by arrangements10464-(93/130)*141
Supplementary financing facility5508-(77/127)252
Supplementary financing facility Subsidy Account; see Accounts, Subsidy Accounts
Committee on Reform of the International Monetary System and Related Issues B/G Comp. Res.554
Final report and termination B/G Res. 29-7555
Support of extended Fund facility4377-(74/114)*130
Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)443
Commodities (see also Buffer stock financing facility; Compensatory financing…):
Reclassification where subject to multiple currency practices237-2436
Communications, privilege for534-3461
Compensatory and contingency financing facility, establishment8955-(88/126)*180
Compensatory financing of export fluctuations8955-(88/126)*184
External contingency financing8955-(88/126)*189
Chairman's Summing upEBM/88/105208
Compensatory financing of fluctuation in the cost of cereal imports8955-(88/126)*192
Compensatory financing of fluctuations in the cost of oil imports8955-(88/126)*198
Transitional and other provisions8955-(88/126)205
Compulsory withdrawal, see, Overdue obligations to Fund, Purchases from Fund
Conditionality; see Use of Fund's resources, Conditionality
“Consistent with the provision of this Agreement,” meaning in Article V, Section 3287-383
Consultation with members:
Before accepting obligations of Article VIII, Sections 2, 3, and 41034-60/27)428
Bicyclic procedures and simplified interim procedures Termination10362-(93/67)17
Bilateral arrangements
433-(55/42)422
Changes in members' exchange arrangements, notification to Fund5712-(78/41)7
Commodity field, attention to policies2772-(69/47)*220
Conduct by Managing Director in interval between Article IV consultations5392-(77/63)13
6026-(79/13)14
Consultations under Article IV5392-(77/63)12
6026-(79/13)14
6056-(79/38)117
6790-(81/43)442
Cycles - Review10168-(92/127)17
Press information notices, Release11493-(97/45)22
Discussions on use of Fund's resources102-(52/11)84
During period of extended arrangement10464-(93/130)*146-47
During period of stand-by arrangement10464-(93/130)*142
Exchange measures needing approval under Article VIII1034-(60/27)428
Members' policies in present circumstances4134-(74/4)431
Multiple currency practices237-2432
Periodic discussions under Article VIII1034-(60/27)428
Resumption of purchases under extended arrangements10464-(93/130)*145
Resumption of purchases under stand-by arrangements270-(53/95)*115
10464-(93/130)*140-41
Retention quotas201-(53/29)424
Special consultations5392-(77/63)12
Whether measure is exchange restriction1034-(60/27)428
Consultations with European Monetary Cooperation Fund on calculation of representative rate for European Currency Unit7041 -(82/8) G/S510
Consultations with prescribed holders of special drawing rights6467-(80/71) S487
Contingency mechanism; see Compensatory and contingency financing facility
Convertibility:
Acceptance of obligations of Article VIII,
Sections 2, 3, and 41034-(60/27)427-28
Approval of exchange restrictions1034-(60/27)428
Bilateralism433-(55/42)422
Consultation with Fund1034-(60/27)427
Discrimination955-(59/45)426
Multiple currency practices; see Multiple currency practices
Retention quotas201-(53/29)424
Credit tranches; see Tranche policies Creditworthiness, factor in determining use of Fund's resources102-(52/11)85
Currencies (see also Borrowing by the Fund; Convertibility; Holdings of the Fund; Investment):
Arrangements for use in operations and transactions of FundB/G Res. 31-2574
Composition of special drawing right6631-(80/145)G/S481
Freely usable currencies5719-(78/46)518
Guidelines for use in operational budgets6772-(81/35) G/S259
10279-(93/19)259
Guidelines for use in operations and trans-actions of General Resources Account6273-(79/158)G/S253
6274-(79/158)254
6774-(81/35)262
10279-(93/19)259
10904-(95/13)261
Operational budgets6273-(79/158)G/S253
6772-(81/35) G/S254
Payment of subscriptions6266-(79/156)4
B/G Res. 31-2574
B/G Res. 34-2581
B/G Res. 38-1592
Rates for computations and maintenance of value5590-(77/163)323
Replenishment in connection with supplementary financing facility5509-(77/127)406
Sale by agreement with member with outstanding purchases6274-(79/158)254-55
6352-(79/183)256
Selection for payment of charges5702-(78/39)* G/S277
Specified by the Fund, use in repurchases5703-(78/39)*274
5809-(78/88)275
Subscribed to the Fund, ownership170-33
Currency stabilization fundsEBM/95/86160
D Debt management policies; see External debt management policies
Debt and debt service reduction operations, early repurchase expectations9331-(89/167)*173
Debt and debt service reduction, Modalities of Fund support Acting Chairman's Summing-upEBM/94/1179
Avoidance of linking prepayments to commercial banks with early repurchases Chairman's Summing-upEBM/91/48178
Debt strategy, Fund involvement in Chairman's Summing upEBM/89/61168
Declaration of noncooperation or censureEBM/89/10097
EBM/89/101101
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)426
Disputes between members, Role of the Fund in settlementEMB/84/9975
Drawings; see Purchase transactions; Use of Fund's resources
E East African Development Bank, prescription as holder of special drawing rights7582-(83/174) S489
Eastern Caribbean Central Bank, prescription as holder of special drawing rights7707-(84/79) S489
Emergency assistance:
Natural disasters Chairman's RemarksEBM/82/16150
Post-conflict countriesEBM/95/82153
Emergency financing mechanismEBM/95/85156
Enemy-occupied, former, members, introduction of multiple currency practices237-2438
Enhanced structural adjustment facility:
Access limits8845-(88/61) ESAF*50
8759-(87/176)ESAF*29
Arrears to the Fund, consequences Acting Chairman's RemarksEBM/88/1291
Borrowing for loan accounts, consultation with creditors9056-(89/2) ESAF52
Establishment8757-(87/176) SAF/ESAF*347
Extension of commitment and disbursement periods for agreement9116-(89/40) ESAF350
Gold pledge for use of ESAF Trust resources under Right Approach10286-(93/23) ESAF*353
Legal documentation Chairman's RemarksEBM/87/17650
Operational arrangements Chairman's Summing upEBM/87/17143
Review8757-(87/176) SAF/ESAF347
9114-(89/40)SAF/ESAF348
9487-(90/106)SAF/ESAF*348
9808-(91/114)SAF/ESAF349
10089-(92/94)SAF/ESAF349
Lapse of time procedure11515-(97/59)148
Enhanced Structural Adjustment Facility Trust: Instrument to establish8759-(87/176) ESAF*26
Chairman's Summing upEBM/87/17143
Access limits8845-(88/61) ESAF*50
Commitment period11395-(96/110)28-29
Eligible members8240-(86/56)*333
Interest rate on trust loans8846-(88/61) ESAF52
Lending, considered as a member's official reserves by Fund Chairman's Summing upEBM/87/17650
Reserve Account, Review11409-(97/1) ESAF355
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)*351
Trust grants or trust loans under special ESAF operations for HIPC and interim ESAF subsidy operations11434-(97/10)38
Enhanced surveillance:
Midterm review, procedure10365-(93/67)72
Chairman's Summing Up
EBM/93/1573
Procedures for transmittal of staff reports8222-(86/45)68
Chairman's Summing up
EBM/85/13269
Enlarged access, policy on6783-(81/40)*234
European Currency Unit, representative rate in terms of SDR7041-(82/8) G/S510
European Monetary Cooperation Fund, consultation on calculation of representative rate for European Currency Unit7041-(82/8) G/S510
“Exceptional circumstances,” meaning in Article XIV, Section 3 (Section 4 before Second Amendment)117-1480
237-2437
Exchange arrangements, notification5392-(77/63)*12
5712-(78/41)7
Exchange contracts, unenforceability446-4419
Exchange control regulations, Fund prepared to advise whether maintained or imposed consistently with Fund Agreement446-4420
Exchange controls on capital transfers541-(56/39)357
Exchange rates:
Borrowing arrangements by Fund1289-(62/1)*358
Exchange rate policies of members, surveillance5392-(77/63)*8
Flexible exchange arrangements5712-(78/41)8
Floating, guidelinesB/G Res. 29-10566
Fluctuating:
Multiple currency practices (fixed and fluctuating rates)237-2435
Scope of transactions to be agreed with Fund237-2435
Free markets237-2435
Multiple currency practices arising from official action6790-(81/43)441
Notification to Fund5392-(77/63)*12
5712-(78/41)7
Pegs, notification to Fund of changes5712-(78/41)7
Representative rate for European Currency Unit in terms of SDR7041-(82/8) G/S510
Unification in multiple rate systems, a basic objective of Fund649-(57/33)439
Exchange restrictions (see also Payments restrictions):
Approval1034-(60/27)428
Avoidance of escalation4134-(74/4)431
4254-(74175)443
Bilateralism433-(55/42)422
Capital transactions; see Capital transfers
Consultations with Fund1034-(60/27)427
Discrimination955-(59/45)426
Guiding principle of whether measure is a restriction on payments and transfers for current international transactions1034-(60/27)427
Introduction1034-(60/27)428
Maintenance1034-(60/27)428
Multiple currency practices237-2432
649-(57/33)439
6790-(81/43)440
Payments arrears3153-(70/95)86,429
Retention quotas201-(53/29)424
Security reasons; see Payments restrictions
Transitional arrangements under Article XIV, obligations under Article VIII, Sections 2, 3, and 41034-(60/27)428
Withdrawal, representation by Fund117-1480
Exchange systems, avoidance of use for nonbalance of payments reasons1034-(60/27)428
Exchange taxes237-2439
Notification to Fund5712-(78/41)8
Exchange transactions; see Purchase transactions
Exclusion of balances held in administrative accounts; see Accounts, Administrative accounts
Exclusion of purchases and holdings under Fund policies; see Article XXX(c)
Executive Board:
Annual review of implementation of surveillance over members' exchange rate policies5392-(77/63)*12
6026-(79/13)*14
9499-(90/11)*15
10273-(93/15)16
Communication of changes in members' exchange arrangements5712-(78/41)8
Information on operation of buffer stocks3179-(70/102)221
5127-(76/91)222
5597-(77/171)226
7246-(82/147)228
7247-(82/147)224
Report to Board of Governors on quota increases under General Reviews of Quotas:
SeventhB/G Res. 34-2576
EighthB/G Res. 38-1587
NinthB/G Res. 43-1596
B/G Res. 44-5601
B/G Res. 45-1605
B/G Res. 45-2607
TenthB/G Res. 48-3620
B/G Res. 50-1622
Review and change of rules for designation6209-(79/124)S505
Review of broad developments in exchange rates5392-(77/63)*12
Review of decision on extended Fund facility4377-(74/114)*133
5220-(76/144)133
7558-(83/156)134
7857-(84/175)134
8192-(86/13)135
8583-(87/72)135
9189-(89/77)136
9790-(91/106)136
10723-(94/58)137
Lapse of time procedure11515-(97/59)148
Review of functioning of international adjustment process5392-(77/63)*11
Review of guidelines for borrowing by Fund9862-(91/91)417
Review of level of Fund's SDR holdings6275-(79/158)G/S256
7626-(84/23) S261
7941-(85/50)S261
8265-(86/70) S262
8574-(87/64) S262
10278-(93/19)S262
Review of prescriptions of holders of
special drawing rights6467-(80/71)S487
Review of quota calculation methodB/G Res. 38-1587
Executive Directors:
Additional appointed, meaning of “the preceding two years” in Article XII, Section 3(c)597-4477
Appointment by members having five largest quotas2-1476
Determination of members entitled to appoint under Article XII, Section 3(c)574-2*476
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)516
Participation in meetings of Development CommitteeB/G Res. 29-9562
Participation in meetings of Interim CommitteeB/G Res. 29-8556
Voting power, effect of quota changes180-5477
Export shortfalls, financing; see Compensatory and contingency financing facility
Extended arrangements4377-(74/114)*129
Access limits, see Guidelines on access limits below Amounts to be made available10181-(92/132)238
Augmentation of rights to make purchases, elimination5706-(78/39)129
Charge4377-(74/114)*133
10464-(93/130)*146
Elimination of use under Enlarged Access Policy10181-(92/132)238
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6830-(81/65)*129
Foreign borrowing, performance criteria6230-(79/140)*122
Form, standard10464-(93/130)*142
Guidelines on access limits10181-(92/132)238
Guidelines, operational; see Performance criteria and phasing, below
Ineligibility10464-(93/130)*145
Publicity upon declaration7931-(85/41)478
7999-(85/90)478
Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)126
EBM/85/26128
Noncomplying purchases; see Misreporting and noncomplying purchases
Operational guidelines; see Performance criteria and phasing, below
Overdue obligations to Fund, purchases from Fund7908-(85/26)89
EBM/84/5489
Performance criteria and phasing, operational guidelines7925-(85/38)*119
Provision for enlarged access to Fund's resources6783-(81/40)*235
Provision for supplementary financing5508-(77/127)248
Repurchases; see Repurchases
Review of decision on extended Fund facility5220-(76/144)133
7558-(83/156)134
7857-(84/175)134
8192-(86/13)135
8583-(87/72)135
9189-(89/77)136
9790-(91/106)136
10723-(94/58)137
Lapse of time procedure11515-(97/59)148
Suspension of right to engage in purchase transactions10464-(93/130)*145
Extended burden sharing, implementation and modalities of new special Contingent Account9471-(90/98)*319
Review11481-(97/42)322
Extended Fund facility; see Extended arrangements
External debt management policies6230-(79/140)122
External contingency financing, see Compensatory and contingency financing facility
F “First credit tranche,” Fund attitude to request for transactions116
Floating rates; see Exchange rates
Fluctuating exchange rates; see Exchange rates Freely usable currencies5719-(78/46)518
Free markets; see Exchange rates
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)429
4254-(74/75)443
B/G Res. 29-10567
Consultation and cooperation363-1463
General Arrangements to Borrow; see Borrowing by the Fund General Resources Accounts; see Accounts Gold:
General Resources Accounts; see Accounts Gold:
Modalities of gold pledge for use of ESAF Trust resources under Rights Approach10286-(93/23)*353
Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund5703-(78/39)*274
5809-(78/88)275
Sale, amounts available to Trust Fund5069-(76/72)519
Sale for benefit of developing members, distribution of profits through Trust Fund5069-(76/72)520
5709-(78/41) TR530
5832-(78/95) TR530
6540-(80/98) TR533
Sale, transfer of profits to Trust Fund5069-(76/72)519
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)323
Attribution of reductions to enlargement of member's reserve tranche position6774-(81/35)264
6831-(81/65)*275
Attribution of reductions to repurchase obligations6831-(81/65)*275
Balances held in administrative accounts not excess of 0.1 percent of member's quota, exclusion from Fund's holdings of member's currency for certain purposes7060-(82/23)516
Computations and adjustment, rates5590-(77/163)323
Exclusion of holdings resulting from credit tranche purchases6830-(81/65)515
Exclusion under buffer stock facility5591-(77/163)514
Exclusion under compensatory and contingency financing facility8955-(88/126)*514
Exclusion under enlarged access policy6783-(81/40)516
Exclusion under extended Fund facility6830-(81/65)515
Exclusion under oil facility5371-(77/51)515
Exclusion under supplementary financing facility5508-(77/127)515
Exclusion under systemic transformation facility10348-(93/61)STF517
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)429
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; Stand-by arrangements; Use of Fund's resources
Interest:
Charge on loans from Trust Fund5069-(76/72)524
Payment on Fund indebtedness under General Arrangements to Borrow1289-(62/1)*362
Payment on Fund indebtedness under supplementary financing facility Subsidy Account6683-(80/185)* G/TR537
Payment under supplementary financing facility5509-(77/127)Annex409
6163-(79/96)414
Payments by members under Trust Fund loan agreements6358-(79/188)532
5069-(76/72)524
Interim Committee of the Board of Governors on the International Monetary System: EstablishmentB/G Res. 29-8*555
Review of functioning of international adjustment process5392-(77/63)*11
Rules of procedure569
International Bank for Reconstruction and Development, prescription as holder of special drawing rights6718-(81/1) S489
International Development Association, prescription as holder of special drawing rights6718-(81/1) S489
International Fund for Agricultural Development, prescription as holder of special drawing rights6489-(80/77) S489
International monetary system, reformB/G Comp. Res.554
International Natural Rubber, Sugar, and Tin Agreements; see Buffer stock financing facility
Interpretation under Articles of Agreementxli
Investment: Currencies held in supplementary financing facility Subsidy Account6683-(80/185) G/TR538
6854-(81/78) SBS*542
Currency balances held in Trust Fund5069-(76/72)526
5972-(78/189)528
5973-(78/189) TR529
Islamic Development Bank, prescription as holder of special drawing rights7086-(82/42) S489
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*559
Rules of procedure570
Secretariat function, changes in organization of work and structure571
Joint Vienna Institute10575-(94/4)671
L Lapse of time procedure, Review under Fund arrangements11515-(97/59)148
M Maintenance of value, adjustment: general policies and procedures relating to arrears to Fund Acting Chairman's Summing upEBM/88/1992
Managing Director:
Authority to establish Borrowed Resources Suspense Accounts, and to transfer and invest balances of borrowed currencies6844-(81/75)416
6845-(81/75)416
Authority to make calls under borrowing arrangements in connection with supplementary financing facility6006-(79/3)413
Consultation by eligible member to request assistance from Trust Fund5069-(76/72)521
Consultation by member before making request under supplementary financing facility5508-(77/127)248
Consultation by member contemplating request under extended Fund facility4377-(74/114)*131
Consultation by member to request use of Fund resources under policy on enlarged access6783-(81/40)235
Consultation with members when notice of exchange policy change not received5712-(78/41)8
Consultations and proposals to Executive Board concerning sales of currencies at re-quest of members with outstanding purchases6352-(79/183)257
Consultations with lenders on means of interest payment under borrowing agreements in connection with supplementary financing facility6163-(79/96)414
Deposit of currencies received by supplementary financing facility Subsidy Account with Bank for International Settlements6854-(81/78)* SBS542
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)264
Discussions with members on exchange policies5392-(77/63)*13
6026-(79/13)*14
Participation in meetings of Development CommitteeB/G Res. 29-9562
Participation in meetings of Interim CommitteeB/G Res. 29-8557
Placement of Trust Fund investments in SDR-denominated deposits5973-(78/189) TR529
Proposals for allocation of SDRs:
First basic periodB/G Res. 24-12625
Third basic periodB/G Res. 34-3627
Fourth basic period636
Proposals for calls under General Arrangements to Borrow1289-(62/1)*360
Proposals for Trust Fund investments5973-(78/189) TR529
Recommendations to Executive Board regarding approval of use of Fund resources and stand-by arrangements6056-(79/38)118
Report to Board of Governors and to Executive Board on allocation of SDRs for fourth basic period636
Military expenditure and role of the FundConcluding Remarks by Acting Chairman EBM/91/138446
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 resources71-283
B/G Res. IM-6552
Multiple currency practices:
Policy237-2432
649-(57/33)439
6790-(81/43)440
Prior Fund approval5712-(78/41)8
Spreads6790-(81/43)441
N “Net creditor position in the Fund”6008-(79/3)414
Net income, Disposition for FY 199410704-(94/52)304
for FY 199510957-(95/40)308
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) S489
O Official clearing and payments arrangements,
Temporary exemption from three-month rule10749-(94/67)423
Oil facility:
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5371-(77/51)515
Operational budgets:
Assessment of strength of member's balance of payments and gross reserve position6273-(79/158) G/S253
Sales of SDRs and use of currencies6772-(81/35) G/S258
Overdue obligations to Fund, purchases from Fund (see also Extended or Stand-by arrangements)7908-(85/26)89
10464-(93/130)*141,145
Access to enhanced structural adjustment facility (ESAF) Chairman's Closing RemarksEBM/88/1291
Accrued charges and income8433-(86/175)278
Accounting for overdue charges8433-(86/175)278
Burden sharing; see Burden Sharing Complaint, period of consideration Chairman's Summing upEBM/85/17090
EBM/90/38102
Compulsory withdrawal343.(54/47)513
EBM/89/10098
EBM/89/101102
EBM/90/38104,108
Declaration of ineligibilityEBM/89/10096
EBM/89/10196
Declaration of noncooperation or censure.EBM/89/10097
EBM/89/101101
Deferred income8433-(86/175)278
Letter to GovernorsEBM/89/10098,100
EBM/89/101101
Maintenance of value adjustments, policies and procedures Chairman's Summing upEBM/88/1992
Procedures for dealing with membersEBM/89/10194
Publicity upon declaration of ineligibility7999-(85/90)478
Reporting by Fund7931-(85/41)478
Rights accumulation programs, operational modalities Chairman's Summing upEBM/90/97108
EBM/91/42112
EBM/92/58113
EBM/95/29114
Setoff in connection with retroactive reduction of charges due by members in arrears8271-(86/74)281
Special charges on8165-(85/189)*
G/TR279
Setoff against charges due for second quarter of FY 19878442-(86/178)282
Strengthened cooperative strategy, time-table Chairman's of procedures StatementEBM/90/38102
EBM/92/58113
Overdue payments to Fund; see Overdue obligations to Fund
P Payments arrears3153-(70/95)86
EBM/80/15487
EBM/89/6188
Payments policies of members4134-(74/4)431
Payments restrictions; (see also Exchange restrictions; Payments arrears):
For security reasons, Fund jurisdiction144-(52/51)421
Withdrawal or general abandonment117-1480
“Position in the Fund,” definition6274-(79/158)255
6772-(81/35) G/S259
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)421
Publication of reports, overdue obligations7931-(85/41)478
Publicity on declaration of ineligibility7999-(85/90)478
Publicity upon Suspension of Voting Rights and termination of suspension10305-(93/32)478
Purchase transactions (see also Use of Fund's resources):
Augmentation of rights to purchase under stand-by and extended arrangements, elimination5706-(78/39)129
Purchase under buffer stock financing facility2772-(69/47)*219
3179-(70/102)221
5127-(76/91)222
5591-(77/163)514
5597-(77/171)224
7246-(82/147)227
7247-(82/147)223
Purchases under compensatory and contingency financing facility8955-(88/126)*180
Purchases under credit tranche; see Tranche policies
Purchases under extended arrangements4377-(74/114)*130
6830-(81/65)128
10464-(93/130)*142
Purchases under stand-by arrangements270-(53/95)*114
10464-(93/130)*138
Purchases under supplementary financing facility5508-(77/127)247
Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a proposal10464-(93/130)*146
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*115
10464-(93/130)*141
Suspension, effect on General Arrangements to Borrow1289-(62/1)*366
Suspension of transactions under extended arrangements10464-(93/130)*145
Suspension of transactions under stand-by arrangements270-(53/95)*115
10464-(93/130)*141
Q Quotas:
Adjustment, first interval of five years408-23
Calculation, review of methodB/G Res. 38-1587
Change, effect on voting power of elected Executive Director180-5477
Reviews:
First408-23
Sixth General ReviewB/G Res. 31-2573
Seventh General Review Sale of SDRs by Fund to members for use in quota payments6663-(80/160) S268
Eighth General ReviewB/G Res. 38-1587
Ninth General Review Report of Executive Board to Board of GovernorsB/G Res. 43-1596
B/G Res. 44-5601
B/G Res. 45-1605
B/G Res. 45-2607
Payment of increases in quotas11517-(97/61)615
Period of consent, extension11517-(97/61)615
Tenth General Review Report of Executive Board to Board of GovernorsB/G Res. 48-3620
Special adjustment for members with very small quotasB/G Res. 44-1598
B/G Res. 38-1588
R Rates for official communications of Fund534-3461
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 calculation7060-(82/23)516
Remuneration, rate, burden sharing8348-(86/122)*284
Repayment by Fund of borrowed currency1289-(62/1)*362
Replenishment; see Article VII, replenishment of Fund's holdings of currencies; Borrowing by the Fund
Reporting by the Fund of overdue obligations7931-(85/41)478
Repurchases:
Attribution of reductions in Fund's holdings of currencies6774-(81/35)264
6831-(81/65)*275
Currency resulting from purchase under credit tranches5703-(78/39)*273
Currency resulting from purchase under extended arrangement10464-(93/130)*146
Currency resulting from purchase under stand-by arrangement10464-(93/130)141
Early, guidelines5704-(78/39)269
6172-(79/101)270
6273-(79/158) G/S253
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)254
6774-(81/35)262
Obligations to pay gold, payment with SDRs or currencies of other members5703-(78/39)*274
5809-(78/88)275
Of Fund's holdings102-(52/11)84
Procedures5703-(78/39)*273
Under buffer stock financing facility5703-(78/39)*273
Sixth International Tin Agreement7247-(82/147)223
1977 International Sugar Agreement5597-(77/171)226
International Natural Rubber Agreement, 19797246-(82/147)227
Under compensatory and contingency financing facility5703-(78/39)*273
8955-(88/126)*188,197,
204-05
Under decision on enlarged access6783-(81/40)236
Under extended Fund facility4377-(74/114)*132
Under supplementary financing facility5508-(77/127)250
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. 38-1592
Under Ninth General Review of QuotasB/G Res. 45-2615,616
Reserve position, gross, assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S253
Reserve tranche position:
Attribution of reductions in Fund's holdings of currencies to enlarge6774-(81/35)264
6831-(81/65)*275
Review7704-(84/78)276
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)516
Reserve tranche purchases (see also Use of
Fund's resources):
Exclusion of purchases and holdings in credit tranches6830-(81/65)515
Exclusion of purchases and holdings under buffer stock financing facility5591-(77/163)514
Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126)*514
Exclusion of purchases and holdings under extended facility6830-(81/65)515
Exclusion of purchases and holdings under oil facility5371-(77/51)515
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)516
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)515
Exclusion of purchases and holdings under systemic transformation facility10348-(93/61) STF517
Restrictions; see Exchange restrictions; Payments restrictions
Retention quotas201-(53/29)424
Rights approach or Rights accumulation programs; see Overdue obligations to Fund, purchases from Fund
Rule G-l1289-(62/1)*365
Rule I-6(4):
Rate of charges8165-(85/189)* G/TR279
8780-(88/12)289
8861-(88/67)291
9135-(89/46)294
9471-(90/98)319
10340-(93/54)298
10348-(93/61) STF233
11249-(96/39)312
11251-(96/39)315
Rule I-10:
Rate of remuneration8348-(86/122)*284
8861-(88/67)292
9471-(90/98)319
10340-(93/54)298
Rule O-2:
Determination of exchange rate1289-(62/1)*364
5590-(77/163)323
6001-(79/1) S495
6053-(79/34) S497
6054-(79/34) S499
6336-(79/178) S501
7041-(82/8) G/S510
Valuation of U.S. dollar in terms of special drawing rights6709-(80/189) S485
Rule P-7:
Declaration concerning use of special drawing rights in accordance with prescription on donations6437-(80/37) S504
Declaration concerning use of special drawing rights in accordance with prescription on forward operations6337-(79/178)S503
Declaration concerning use of special drawing rights in accordance with prescription on loans6001-(79/1) S496
Declaration concerning use of special drawing rights in accordance with prescription on pledges6053-(79/34) S*498
Declaration concerning use of special drawing rights in accordance with prescription on settlement of financial obligations6000-(79/1) S*495
Declaration concerning use of special drawing rights in accordance with prescription on swap operations6336-(79/178) S502
Declaration concerning use of special drawing rights in accordance with prescription on transfers as security for performance of financial operations6054-(79/34) S*500
Rule P-9, record of operations in special drawing rights6000-(79/1) S*495
6001-(79/1) S497
6053-(79/34) S*498
6054-(79/34) S*501
6336-(79/178) S502
6337-(79/178) S503
6437-(80/37) S504
8186-(86/9) SBS/S491
8239-(86/56) SAF491
8937-(88/118)ESAF/S492
Rule R-1 through R-6, rules for reconstitution, abrogation6832-(81/65)509
Rule T-l, interest and charges in respect of SDRs8759-(87/176)* ESAF40
11251-(96/39)315
S Saudi Arabia, association agreement under General Arrangements to Borrow;
Borrowing by the Fund Transferability of claims7629-(84/25)374
SDDS, see, Special Data Dissemination Standard (SDDS)
Section 22 of By-Laws, compulsory withdrawalEBM/89/100 and EBM/89/10198
Special contingent account, establishment8619-(87/90)289
Additions in FY 1988 and disposition of amounts placed in FY 1987 and FY 19888780-(88/12)289
Special Contingent Account (SCA-2)9471-(90/98)*319
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. 24-12625
Allocation for third basic periodB/G Res. 34-3627
New participants5956-(78/180) S493
6368-(79/191) S493
Allocation for fourth basic period, Managing Director's report to Board of Governors and to Executive Board636
Change in method of valuation, effect on claims under supplementary financing facility5509-(77/127) Annex411
Designation, review of rules and method of calculating amounts6209-(79/124) S505
Holders prescribed by the Fund:
African Development Bank and African Development Fund8318-(86/104) S489
Andean Reserve Fund6486-(80/77) S489
Arab Monetary Fund6609-(80/126) S489
Asian Development Bank7229-(82/136) S489
Bank for International Settlements6484-(80/77) S488
Bank of Central African States7064-(82/26) S489
Central Bank of West African States6908-(81/101) S489
East African Development Bank7582-(83/174) S489
Eastern Caribbean Central Bank7707-(84/79) S489
International Bank for Reconstruction and Development6718-(81/1) S489
International Development Association.6718-(81/1) S489
International Fund for Agricultural Development6489-(80/77) S489
Islamic Development Bank7086-(82/42) S489
Nordic Investment Bank6488-(80/77) S489
Swiss National Bank, Termination of status10225-(92/147) S490
Terms and conditions for accepting, holding, or using SDRs6467-(80/71) S486
Level of SDR holdings in General Resources Account, maintenance; see Accounts, General Resources Account
Loans for Trust Fund expressed in5069-(76/72)524
Method of collecting exchange rates for calculation of value of SDR for purpose of Rule O-2(a)6709-(80/189) S485
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) S509
Sale by Fund to members for use in quota payments under Seventh General Review6663-(80/160) S268
Sale by Fund, guidelines6772-(81/35) G/S258
7626-(84/23) S261
7941-(85/50) S261
8265-(86/70) S262
8574-(87/64) S262
10278-(93/19) S262
SDR-denominated deposits with Bank for International Settlements5973-(78/189) TR529
Transfers under Article V, Section 3(f)6275-(79/158) G/S256
Transfers under Article V, Section 6(b), guidelines for selection of currencies6274-(79/158)254
6774-(81/35)262
Use in donations6437-(80/37) S503
Use in financial operations under ESAF Trust or administered account8937-(88/118) ESAF/S491
Use in forward operations6337-(79/178) S502
Use in loans6001-(79/1) S495
Use in operations under structural adjustment facility8239-(86/56) SAF491
Use in payment of charges5702-(78/39)* G/S277
Use in payment of 25 percent of quota increasesB/G Res. 31-2574
B/G Res. 34-2577,581
B/G Res. 38-1592
B/G Res. 45-2616
Use in payment of subsidy8186-(86/9)
SBS/S490
Use in payment of Trust Fund obligations8642-(87/101) S/TR490
Use in pledges6053-(79/34) S*497
Use in repurchases5703-(78/39)274
5809-(78/88)275
Use in settlement of financial obligations6000-(79/1) S*494
Use in swap operations6336-(79/178) S501
Use in transfers as security for performance of financial obligations6054-(79/34) S499
Valuation basket, guidelines for calculation of currency amount8160-(85/186) G/S484
Valuation basket, see also, valuation method Valuation for use in borrowing arrangements1289-(62/1)*365
Valuation, interimB/G Res. 29-10567
Valuation method6631-(80/145)G/S481
9549-(90/146)G/S483
11073-(95/92)G/S483
Valuation of U.S. dollar pursuant to Rule O-2(a), method6709-(80/189) S485
Special Drawing Rights Department, payment of net charges and assessment7116-(82/68) S511
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/96/36448
Stand-by Arrangements:270-(53/95)*114
Access limits, see Guidelines on access limits below
Augmentation of rights to make purchases,
elimination5706-(78/39)129
Charges10464-(93/130)*141
Conditionality, guidelines6056-(79/38)116
Review8192-(86/13)135
8583-(87/72)135
9790-(91/106)136
10723-(94/58)137
Elimination of use under Enlarged Access Policy10181-(92/132)238
Exclusion of purchases for purposes of definition of “reserve tranche purchase”6830-(81/65)515
Foreign borrowing, performance criteria6230-(79/140)*122
Form, standard10464-(93/130)*137
Guidelines on access limits10181-(92/132)238
10819-(94/95)239
11098-(95/101)239
11374-(96/102)240
Guidelines, operational; see Performance criteria and phasing, below
Ineligibility270-(53/95)*115
10464-(93/130)*141
Publicity upon declaration of7999-(85/90)478
7931-(85/41)478
Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)126
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)89
EBM/84/5489
Payments arrears, performance criteria3153-(70/95)86
Performance criteria and phasing, operational guidelines7925-(85/38)119
Period270-(53/95)115
5508-(77/127)248
6783-(81/40)235
Policies and procedures270-(53/95)114
Provision for enlarged access to Fund's resources6783-(81/40)234
10181-(92/132)238
Provision for supplementary financing5508-(77/127)247
Relationship between performance criteria and phasing of purchases, operational guidelines7925-(85/38)119
Renewal270-(53/95)115
Repurchases; see Repurchases, Currency resulting from purchase under stand-by arrangement
Review, Lapse of time procedure11515-(97/59)148
Suspension of right to engage in purchase transactions270-(53/95)*115
10464-(93/130)*141
Strengthened cooperation strategy on overdue obligations to Fund; see Overdue obligations to Fund, purchases from Fund
Structural adjustment facility:
Amounts of assistance8240-(86/56) SAF333
9809-(91/114)SAF349
10090-(92/24)SAF/ESAF350
Income from investment and loans, availability of use8760-(87/176)351
Interest8238-(86/56)SAF*330
List of eligible members and amounts of assistance8240-(86/56)*333
Loans under ESAF8238-(86/56)* SAF331
Regulations for administration8238-(86/56)* SAF326
Chairman's Summing upEBM/86/56336
Review of experience, conditionality, benchmarks, and prior actions Chairman's Summing UpEBM/87/93341
Review of operation8241-(86/56) SAF336
8757-(87/176) SAF/ESAF347
9114-(89/40) SAF/ESAF348
9487-(90/106)* SAF/ESAF348
9808-(91/114)SAF/ESAF349
10089-(92/94)SAF/ESAF349
Lapse of time procedure, see, Stand-by Arrangements
Use of SDRs in Operations8239-(86/56)SAF491
Subscriptions:
Gold and currency, ownership by Fund170-33
Payment of quota increases B/G Res. 31-2574,575
B/G Res.34-2581,582
B/G Res.38-1592
B/G Res. 45-2615,616
Reserve Assets: Guidelines for determining amounts to be paid6266-(79/156)4
Payment: Under Eighth General Review of QuotasB/G Res.38-1592
Under Ninth General Review of QuotasB/G Res.45-2616
Subsidy Account; see Accounts, Subsidy Accounts
Sugar Agreement, International; see Buffer stock financing facility
Supplementary financing facility: Authorization to make calls under borrowing arrangements6006-(79/3)413
Charges; see Charges Establishment5508-(77/127)247
No augmentation of rights to purchase5706-(78/39)129
Replenishment of Fund's holdings of currencies5509-(77/127)406
Interest payments under borrowing agreements6163-(79/96)414
Meaning of “Net creditor position in the Fund”
Repurchases; see Repurchases6008-(79/3)414
Subsidy Account Disbursement of additional subsidy amount for period ending June 30, 19868523-(87/25) SBS545
Disbursement of additional subsidy amount for July 1, 1985 through June 30, 19878674-(87/117)SBS546
Additional subsidy payments for May 1, 1987 through June 30, 1987 and for July 1, 1987 through June 30, 1988.8941-(88/122) SBS546
Instrument6683-(80/185)* TR536
Investment of currencies SBS6854-(81/78)542
Means of payments SBS/S8185-(86/9)543
Subsidy payments, July 1, 1984-June 30, 19858037-(85/110) SBS544
Subsidy payments, July 1, 1985-June 30, 19868492-(87/1) SBS544
Subsidy payments, July 1, 1986-June 30, 19878674-(87/117) SBS546
Subsidy payments, July 1, 1987-June 30, 19888941-(88/122) SBS546
Subsidy payments, July 1, 1988-June 30, 19899222-(89/97) SBS547
Subsidy payments, May 1-June 30, 1989 and July 1, 1989-June 30, 19909510-(90/122) SBS548
Subsidy payments, May 1-June 30, 1990 and July 1, 1990-June 30, 19919788-(91/105) SBS548
Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS543
Transferability of claims; see Transferability of claims
Surveillance over exchange rate policies5392-(77/63)*8
9499-(90/111)*15
Enhanced surveillance; see Enhanced surveillance Operational guidance; see Procedures, implementation of three-month period Procedures, implementation of three-month period7427-(83/83)18
Chairman's RemarksEBM/91/1519
Review of procedures9499-(90/111)*15
10273-(93/15)15
10949-(95/37)16
11477-(97/38)16
Supplemental surveillance procedures6026-(79/13)14
Suspension of voting rights, publicity, see Voting rights, suspension, publicity
Systemic transformation facility10348-(93/61)* STF230
Expiration of Period10961-(95/41)234
T Technical assistance activities, Framework administered account10942-(95/33)*78
Technical assistance, Fund ready to meet requests in preparation of economic programs and measures for exchange simplification649-(57/33)440
Tin Agreements, International; see Buffer stock financing facility
Trade, Voluntary Declaration4254-(74/75)443
B/G Res. 29-10567
Tranche policies:
Application in connection with decision on enlarged access6783-(81/40)234
Application in connection with supplementary financing facility5508-(77/127)247
Application in connection with buffer stock financing facility10186-(92/132)220
Application in connection with compensatory and contingency financing facility8955-(88/126)*181
Application in connection with systemic transformation facility10348-(93/61)
STF230
Exclusion of credit tranche purchases for purpose of definition of “reserve tranche purchase”6830-(81/65)128
Floating, elimination for purpose of determining level of conditionality applied to purchase10186-(92/132)220
Fund attitude to request for transactions within “first credit tranche” and beyond116
Transferability of claims:
General Arrangements to Borrow1289-(62/1)*365
7628-(84/25)373
Saudi Arabia's borrowing agreement7629-(84/25)374
Transitional provisions of Article XIV117-1480
1034-(60/27)428
Trust for special ESAF operations for the HIPC and interim ESAF subsidy operations11436-(97/10)*53
Chairman's Summing upEBM/97/1065
Administration of the Trust11436-(97/10)*62
Contributions to the Trust11436-(97/10)*57
Instrument to establish11436-(97/10)*53
Period of operation and liquidation11436-(97/10)*64
Trust grants and loans
Trust Fund:11436-(97/10)57
Deposits denominated in SDRs
Distribution of profits from sale of gold for benefit of developing countries5973-(78/189) TR529
5069-(76/72)520
5709-(78/41) TR530
5832-(78/95) TR530
Diversification of investments6540-(80/98) TR533
5972-(78/189)528
Eligible members, review of list
5973-(78/189) TR529
Final payments of profits and loans for period July 1, 1976-June 30, 19785563-(77/150) TR528
5832-(78/95) TR530
Instrument5069-(76/72)520
Amendment5563-(77/150)TR528
5972-(78/189)528
6793-(81/45)535
Means of payment of interest6358-(79/188) TR*532
Means of repayment by members on their indebtedness under loan agreements7142-(82/85) TR*533
Overdue interest and special charges8165-(85/189)* G/TR279
Elimination after six months or more10352-(93/49) G/TR280
Repayment terms:
Final loan disbursement6793-(81/45)535
Second period:
Extension6466-(80/68) TR531
6676-(80/168) TR532
Extension of period for qualification6202-(79/121)TR531
Timing of loan disbursements6201-(79/121)TR531
Special charges on overdue interest8165-(85/189) G/TR*279
Termination and transfer of resources to Special Disbursement Account6683-(80/185) G/TR*542
6704-(80/185) TR534
U Unenforceability; see Exchange contracts
United Nations:
Agreement with International Monetary Fund641
Convention on the Privileges and Immunities of the Specialized Agencies648
Application to Fund, Annex V666
List of members which have accepted with respect to Fund667
General Assembly Resolution entitled “Uniting for Peace,” due regard by Fund in conduct of its activitiesB/G Res.6-8553
United States dollars:
Determination of value in terms of special drawing right pursuant to Rule O-2(b)6709-(80/189)S485
Inclusion in operational budgets6772-(81/35) G/S259
Use for payment of interest and other Fund liabilities6358-(79/188)* TR532
Use for repayments by members on their indebtedness under Trust Fund loan agreements7142-(82/85)* TR533
Use in payments under supplementary financing facility Subsidy Account7754-(84/108) SBS544
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 drawings270-(53/95)*114
Authority to use resources of Fund, interpretation of Articles of Agreement71-283
Buffer stock financing2772-(69/47)*219
Buffer stock financing facility as applied to 1977 International Sugar Agreement5597-(77/171)224
Buffer stock financing facility as applied to International Tin Agreements:
Fourth3179-(70/102)221
3351-(71/51)221
Fifth5127-(76/91)222
Sixth7247-(82/147)223
Capital transfers1238-(61/43)83
Compensatory and contingency financing facility8955-(88/126)*180
Conditionality, guidelines6056-(79/38)116
Review8192-(86/13)135
8583-(87/72)135
9189-(89/77)136
9790-(91/106)136
10723-(94/58)137
“Consistent with the provisions of this Agreement” in Article V, Section 3, meaning287-383
Credit tranche policies; see Tranche policies
Enlarged access, policy on6783-(81/40)*234
Extended Fund facility4377-(74/114)*129
“First credit tranche”116
Floating of facilities, Elimination with respect to first credit tranche conditionality10186-(92/132)220
Guidelines on access limits10181-(92/132)238
Reviews10819-(94/95)239
11098-(95/101)239
11374-(96/102)240
In accordance with purposes of Fund102-(52/11)84
Ineligibility:
Effect on purchases under extended arrangement10464-(93/130)*145
Effect on purchases under stand-by arrangement270-(53/95)*115
10464-(93/130)*141
Publicity upon declaration7999-(85/90)478
7931-(85/41)478
Under Article V, Section 5284-3266
Under Article XXVI, Section 2(a) (Article XV, Section 2(a) before Second Amendment)343-(54/47)513
Interpretation of Articles of Agreement71-283
Limit on access to Fund resources, guidelines10181-(92/132)238
10819-(94/95)239
11098-(95/101)240
Limitation under Article V, Section 5284-3266
286-1266
Monetary stabilization operations71-283
Postponement, limitation under Article V,
Section 5286-1266
“Represents” in Article V, Section 3(b)(ii), meaning of the word284-484
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)*146
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*115
Stand-by and extended arrangements, forms, standard10464-(93/130)*137
Suspension of exchange transactions, effect on General Arrangements to Borrow1289-(62/1)*366
Suspension of transactions under extended arrangements10464-(93/130)*145
Suspension of transactions under stand-by arrangements270-(53/95)*115
10464-(93/130)*141
Temporary assistance in financing balance of payments deficits71-283
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 limit see also Article V, Section 3(b)(iii)2772-(69/47)*219
V Vienna Institute: Agreement for the establishment10575-(94/4)671
Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)443
B/G Res. 29-10567
Voting power, elected Executive Directors, effect of change in quota180-5477
Voting rights, suspension, publicity10305-(93/32)478
W Waiver of condition of Article V,
Section 3(b)(iii)4377-(74/114)*132
5508-(77/127)251
6783-(81/40)237
8955-(88/126)*181
World Bank, see, Bank World Economic Outlook, framework for discussions of international adjustment process5392-(77/63)*12
World Trade Organization (WTO):
Agreement between WTO and the IMF686
Fund-WTO Cooperation Agreement11381-(96/105)682
Guidelines/Framework for Fund staff collaboration10968-(95/43)468

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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