Buy
- Selected Decisions of the Executive Board and Selected Documents
- Article III: Quotas and Subscriptions
- ARTICLE IV: Exchange Arrangements
- Article V, Section 2(b): Financial and Technical Services
- ARTICLE V, SEC. 3(A), (B), AND (C): Use of Fund's Resources
- Article V, Section 3(d) and (f): Media of Payment
- Article V, Section 5: Ineligibility to Use the Fund’s General Resources
- Article V, Section 6: Sales of SDRs by the Fund
- Article V, Section 7: Repurchases
- Article V, Sections 8 and 9: Charges and Remuneration
- Article V, Sections 10 and 11: Rates for Computations and Maintenance of Value
- Article V, Section 12(f): Special Disbursement Account*
- Article VI, Section 1: Use of Fund’s Resources for Capital Transfers
- Article VI, Section 3: Controls on Capital Transfers
- Article VII: Borrowing
- Article VIII, Section 2(b): Unenforceability of Exchange Contracts
- Article VIII and Article XIV: Payments Restrictions
- Payments Arrears
- Payments Policies
- Multiple Currency Practices
- Voluntary Declaration on Trade and Other Current Account Measures
- Article VIII, Section 5: Furnishing of Information
- Article IX, Section 5: Immunity of Archives
- Article IX, Section 7: Privilege for Communications
- Article X: Relations with Other International Organizations
- Article XII, Section 3: Executive Directors
- Article XII, Section 7: Publication of Reports
- Article XIV: Restrictions on Payments and Transfers: Withdrawal
- Article XV, Section 2: Valuation of the Special Drawing Right
- Article XVII, Section 3: Special Drawing Rights: Other Holders
- Article XVIII, Section 2: Allocation of Special Drawing Rights
- Article XIX, Section 2: Special Drawing Rights: Additional Uses
- Article XIX, Section 5: Designation of Participants to Provide Currency
- Article XIX, Section 6: Reconstitution
- Article XIX, Section 7(a): Exchange Rates
- Article XX, Section 2: Charges
- Article XXVI: Compulsory Withdrawal
- Article XXX(C): Calculation of Reserve Tranche: Exclusion of Purchases and Holdings
- Article XXX(f): Freely Usable Currencies
- General: Trust Fund
- Subsidy Account
- Selected Resolutions of the Board of Governors and Related Documents
- A. Request for Interpretation of the Articles of Agreement as to the Authority of the Fund to Use Its Resources
- B. Resolution of the United Nations General Assembly 377(V) Entitled “Uniting for Peace”
- C. Composite Resolution on the Work of the Ad Hoc Committee on Reform of the International Monetary System and Related Issues and on a Program of Immediate Action
- Interim Committee: Rules of Procedure
- Development Committee: Rules of Procedure
- Development Committee: Changes in the Organization of Work and Structure of the Secretariat Function
- D. Increases in Quotas of Members-Sixth General Review
- E. Increases in Quotas of Fund Members—Seventh General Review
- F. Increases in Quotas of Members—Eighth General Review
- G. Increases in Quotas of Members—Ninth General Review
- H. Increases in Quotas of Members—Ninth General Review
- I. Increases in Quotas of Member—Ninth General Review
- J. Increases in Quotas of Members—Ninth General Review
- K. Increases in Quotas of Fund Members—Ninth General Review
- L. Increases in Quotas of Members—Tenth General Review
- M. Increases in Quotas of Members-Tenth General Review
- N. Allocation of Special Drawing Rights for the First Basic Period
- O. Allocation of Special Drawing Rights for the Third Basic Period
- P. Report of the Managing Director to the Board of Governors and to the Executive Board Pursuant to Article XVIII, Section 4(c)
- Selected Documents Relating to the Fund and Other International Organizations
- A. Agreement Between the United Nations and the International Monetary Fund*
- B. United Nations Convention on the Privileges and Immunities of the Specialized Agencies and Annex V*
- Agreement for the Establishment of the Joint Vienna Institute
Article V, Section 5: Ineligibility to Use the Fund’s General Resources
- International Monetary Fund
- Published Date:
- August 1997
Use of Fund’s Resources: Limitation and Ineligibility Under Article V, Section 5
The Fund has, in the case of a member which has had a previous exchange transaction with the Fund, power to declare the member ineligible or limit its use of the resources of the Fund if the member is, in the opinion of the Fund, using the resources of the Fund in a manner contrary to the purposes of the Fund.
Decision No. 284–3
March 10, 1948
Use of Fund’s Resources: Postponement and Limitation Under Article V, Section 5
If the Fund receives a request from a member to purchase exchange and either, (1) the Fund is considering sending the member a report pursuant to Article V, Section 5 or (2) the Fund finds when the request is before it that action pursuant to that Section should be considered, then the Fund has the authority, pursuant to Article V, Section 5 of the Fund Agreement, to postpone the transfer as permitted under the provisions of Rules and Regulations G-3* for such time as may reasonably be necessary to decide the question of applying Article V, Section 5, and, if it decides to apply it, to prepare and send to the member a report and subject its use of the Fund’s resources to limitations. Under such circumstances the limitations imposed will apply to the pending request for the purchase of exchange as well as to future requests.
Decision No. 286–1
March 15, 1948
Corresponds to Rule G-4 of the Rules and Regulations adopted April 29, 1981 effective May 1, 1981.
