Selected Decisions (14th Ed)
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 1989
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SELECTED DECISIONS

AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

FOURTEENTH ISSUE WASHINGTON, DC APRIL 30, 1989

International Standard Serial Number: ISSN 0094-1735

Preface

This volume is the Fourteenth Issue of Selected Decisions of the International Monetary Fund and Selected Documents. It contains the decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, and related documents, to which frequent reference is made in the current activities of the Fund. In addition, the volume contains certain documents relating to the Fund and the United Nations. With few exceptions, the decisions are of a general nature and relate to certain obligations, policies, and procedures under the Articles of Agreement.

This issue has an accompanying Annex volume, which contains bilateral borrowing agreements entered into by the Fund, including agreements entered into for the financing of the ESAF Trust and associated lending, as well as related decisions adopted by April 30, 1989.

This issue, with the accompanying Annex, contains most of the decisions published in the Thirteenth Issue and its Supplement that remain in effect, as well as new general decisions adopted after the publication of the Supplement. Decisions of the Fund that are incorporated in the Rules and Regulations are not reproduced in this volume.

Wherever reference is made in this volume to provisions of the Fund’s Articles or Rules and Regulations that were renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision that is in effect at the present time is cited in a footnote.

The General Counsel

Francois P. Gianviti

Contents

List of Decisions by Number

(Page numbers preceded by “A” can be found in the Annex.)

NumberPage
2-1318
71-251
117-1321
170-33
180-5319
237-2302
284-3166
284-452
286-1166
287-351
408-23
446-4289
534-3316
574-2, as amended by 2620-(68/141)318
597-4319
102-02/11)52
144-(52/51)291
201-(53/29)293
270-(53/95), as amended

by 876-(59/15) and 1151-(61/6)
87
343-(54/47)354
433-(55/42)292
541-(56/39)229
649-(57/33)309
876-(59/15), see 270-(53/95)
955-(59/45)296
1034-(60/27)297
1151-(61/6), see 270-(53/95)
1238-(61/43)51
1289-(62/1), as amended

by 1362-(62/32),

1415-(62/47),

4421-(74/132),

5792-(78/79),

6241-(79/144), and

7337-(83/37)
230
1362-(62/32), see

1289-(62/1)
1415-(62/47), see

1289-(62/1)
1712-(64/29)250
2620-(68/141), see

574-2
2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)142
3153-(70/95)299
3179-(70/102)143
3351-(71/51)144
4134-(74/4)301
4239-(74/67)177
4254-(74/75)313
4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), and 8885-(88/89)60
4421-(74/132), see

1289-(62/1)
4720-(75/114)66
4773-(75/136), as amended by 5694-(78/35)390
4913-(75/207), see 2772-(69/47)
5069-(76/72)359
5127-(76/91)145
5220-(76/144)64
5288-(76/167)254
5306-(77/2)265
5331-(77/15)264
5371-(77/51)355
5387-(77/61)259
5392-(77/63), as amended by 8564-(87/59) and 8856-(88/64)9
5488-(77/116)265
5508-(77/127)66,356
5509-(77/127)274
5563-(77/150)TR368
5590-(77/163)200
5591-(77/163)355
5597-(77/171)147
5694-(78/35), see 4773-(75/136)
5702-(78/39)G/S as amended by 7096-(82/57)G/S177
5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)172
5704-(78/39)168
5706-(78/39)99
5709-(78/41)TR370
5712-(78/41)8
5719-(78/46)358
5792-(78/79), see 1289-(62/1)
5809-(78/88)175
5832-(78/95)TR371
5956-(78/180)S332
5972-(78/189)369
5973-(78/189)TR369
6000-(79/1)S, as amended by 6438-(80/37)S333
6001-(79/1)S334
6006-(79/3)282
6008-(79/3)282
6026-(79/13)14
6053-(79/34)S, as amended by 6438-(80/37)S336
6054-(79/34)S, as amended by 6438-(80/37)S338
6056-(79/38)54
6163-(79/96)283
6172-(79/101)170
6201-(79/12)TR371
6202-(79/121)TR371
6209-(79/124)S346
6230-(79/140)57
6241-(79/144), see 1289-(62/1)
6266-09/156)4
6273-(79/158)G/S155
6274-(79/158)156
6275-(79/158)G/S158
6336-(79/178)S340
6337-(79/178)S341
6339-(79/179), see 4377-(74/114)
6352-(79/183)159
6358-(79/188)TR, as amended by 8640-(87/101) S/TR373
6368-(79/191)S332
6437-(80/37)S342
6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
6445-(80/43)72
6466-(80/68)TR372
6467-(80/71)S326
6484-(80/77)S328
6485-(80/77)S330
6486-(80/77)S329
6487-(80/77)S329
6488-(80/77)S329
6489-(80/77)S329
6524-(80/88)250
6540-(80/98)TR375
6609-(80/126)S329
6631-(80/145)G/S322
6663-(80/160)S167
6676-(80/168)T/R372
6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 8941-(88/122)SBS378
6693-(80/177)73
6704-(80/185)TR376
6709-(80/189)S324
6718-(81/1)S329
6725-(81/5)73
6772-(81/35)G/S161
6774-(81/35)163
6783-(81/40), as amended by 8885-(88/89)74,357
6790-(81/43)311
6793-(81/45)377
6830-(81/65)) see also 4377-(74/114)99,356
6831-(81/65), as amended by 7059-(82/23)175
6832-(81/65)S350
6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)89
6843-(81/75)A76
6844-(81/75)284
6845-(81/75)285
6854-(81/78)SBS, as amended by 8184-(86/9)SBS385
6862-(81/81), see 5703-(78/39)
6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112)A130
6864-(81/81)A133
6870-(81/83), see 6863-(81/81)
6908-(81/101)S329
6925-(81/112), see 6863-(81/81)
7040-(82/7), as amended by 7589-(83/181)286
7041-(82/8)G/S351
7047-(82/13)100
7048-(82/13)102
7059-(82/23), see 6831-(81/65)
7060-(82/23)357
7064-(82/26)S329
7086-(82/42)S329
7096-(82/57)G/S see 5702-(78/39)G/S
7116-(82/68)S352
7142-(82/85)TR373
7188-(82/114)A109
7229-(82/136)S329
7246-(82/147)150
7247-(82/147)145
7337-(83/37), see 1289-(62/1)
7403-(83/73)265
7420-(83/82)392
7427-(83/83)18
7484-(83-117)393
7558-(83/156)64
7582-(83/174)S329
7589-(83/181), see 7040-(82/7)
7599-(84/3), as amended by 7841-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), and 9028-(88/171)78
7600-(84/3), as amended by 7841-(84/165), 8147-(85/177), 8459-(86/189), and 9028-(88/171)
7602-(84/3), see 2772-(69/47)
7626-(84/23)S162
7628-(84/25)246
7629-(84/25)248
7645-(84/40)15
7646-(84/40)16
7677-(84/64)A110, 144
7688-(84/70), see 6838-(81/70)
7704-(84/78)176
7707-(84/79)S329
7754-(84/108)SBS386
7841-(84/165), see 7599-(84/3) and 7600-(84/3)
7842-(84/165)107
7857-(84/175)64
7908-(85/26)103
7925-(85/38), as amended by 8887-(88/89)109
7931-(85/41)320
7939-(85/49)17
7941-(85/50)S162
7955-(85/60)A156
7989-(85/81)385
7990-(85/81)202
7999-(85/90)320
8029-(85/105)202
8037-(85/110)SBS387
8147-(85/175), see 7599-(84/3) and 7600-(84/3)
8160-(85/186)GS324
8165-(85/189)G/TR, as amended by 8496-(87/3)G/TR, 8641-(87/101)G/TR, 8923-(88/110)G/TR179,374
8184-(86/9)SBS, see 6854-(81/78)SBS
8185-(86/9)SBS/S386
8186-(86/9)SBS/S343
8192-(86/13)65
8222-(86/45)47
8237-(86/56)SAF203
8238-(86/56)SAF, amended by 8497-(87/3)SAF, 8652-(87/105)SAF), 8758-(87/176)SAF, and 9118-(89/40)SAF203
8239-(86/56)SAF343
8240-(86/56)SAF, as amended by 8651-(87/105)SAF, 8935-(88/118)SAF, and 9117-(89/40)SAF209
8241-(86/56)SAF211
8248-(86/60)16
8249-(86/60)17
8265-(86/70)S162
8271-(86/74)181
8318-(86/104)S329
8348-(86/122), as amended by 8481-(86/202) and 8482-(86/202)182
8349-(86/122)178
8433-(86/175)179
8442-(86/178)182
8459-(86/189), see 7599-(84/3) and 7600-(84/3)
8460-(86/189)A128
8481-(86/202) see 8348-(86/122)
8482-(86/202), see 8348-(86/122)
8486-(86/205)A159
8492-(87/1)SBS387
8496-(87/3)G/TR, see 8165-(85/189)G/TR
8497-(87/3)SAF, see 8238-(86/56)
8515-(87/23)189
8523-(87/25)SBS388
see also 6683-(80/185)G/TR
8542-(87/36)SAF210
8563-(87/59)17
8564-(87/59), see 5392-(77/63)
8574-(87/64)S163
8583-(87/72)65
8618-(87/90)190
8619-(87/90)191
8621-(87/90)178
8640-(87/101)S/TR, see 6358-(79/188)TR, and 7142-(82/85)TR
8641-(87/101)G/S/TR, see 8165-(85/189)G/TR
8642-(87/101)S/TR330
8643-(87/102)A92
8648-(87/104)92, 97
8651-(87/105)SAF,
see 8240-(86/56)SAF
8652-(87/105)SAF
see 8238-(86/56)SAF
8674-(87/117)SBS389
8733-(87/159)244
8744-(87/166), see 7599-(84/3)
8757-(87/176)SAF/ESAF223
8758-(87/176)SAF see 8238-(86/56)SAF
8759-(87/176) ESAF, as amended by 9115-(89/40) ESAF23
8760-(87/176)225
8780-(88/12)191
8781-(88/12)190
8831-(88/56)ESAFA3
8832-(88/56)ESAFA8
8833-(88/56)ESAFA17
8834-(88/56)ESAEA21
8835-(88/56)A21
8845-(88/61)ESAF45
8846-(88/61)ESAF46
8856-(88/64) see 5392-(77/63)
8857-(88/64)16
8858-(88/64)18
8861-(88/67), as amended by 8880-(88/84)193
8878-(88/84)189
8879-(88/84)190
8880-(88/84),
see 8861-(88/67)
8885-(88/89), see 4377-(74/114) and 6783-(81/40)
8886-(88/89)79
8887-(88/89), see 7925-(85/38)
8892-(88/90)ESAFA27
8893-(88/90)ESAFA32
8894-(88/90)ESAFA37
8895-(88/90)ESAFA41
8897-(88/93)272
8898-(88/90)178
8923-(88/110)G/TR, see 8165-(85/189)G/TR
8933-(88/117)ESAFA48
8935-(88/118)SAF, see 8240-(86/56)SAF
8936-(88/118)196
8937-(88/118)ESAF/S344
8941-(88/122)SBS see also 6683-(80/185)G/TR389
8955-(88/126), as amended by 9101-(89/30)112, 355
9016-(88/164)ESAFA54
9028-(88/171), see 7600-(84/3), 7599-(84/3)
9028-(88/171)79
9030-(88/173)ESAFA57
9056-(89/2)ESAF46
9060-(89/5)ESAF 9101-(89/30), see 8955-(88/126)A67
9114-(89/40)SAF/ESAF225
9115-(89/40)ESAF, see 8759-(87/176)ESAF225
9116-(89/40)ESAF
9117-(89/40)SAF, see 8240-(86/56)SAF
9118-(89/40)SAF, see 8238-(86/56)SAF
9119-(89/40)ESAF45
9120-(89/40)ESAFA63
9135-(89/46)197

List of Board of Governors’ Resolutions

NumberPage
IM-6397
6-8398
24-12445
29-7399
29-8400
29-9403
29-10408
31-2417
34-2426
34-3455
38-1435
43-1441
44-1444

Interpretations Under Article XXIX(a)

Page
Interpretation of Articles of Agreement (71-2)51
Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)289
Interpretation of Article IX, Section 7 (534-3)316
Interpretation of Article XII, Sections 3(b)(i) and 3(f) (2-1)318
Interpretation of Article XXVI, Section 2* (343-(54/47))354

Corresponds to Article XV, Section 2 before the Second Amendment.

Corresponds to Article XV, Section 2 before the Second Amendment.

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