Selected Decisions, 15th Edition
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 1990
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SELECTED DECISIONS

AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

FIFTEENTH ISSUE WASHINGTON, DC APRIL 30, 1990

International Standard Serial Number: ISSN 0094-1735

Preface

This volume is the Fifteenth 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, as well as selected 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.

The Fourteenth Issue had an accompanying Annex containing 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 Annex volume, published in 1989, may still be used as an Annex to the Fifteenth Issue, as there have been no new bilateral borrowing agreements entered into by the Fund since its publication last year. However, bilateral borrowing agreements entered into by the Fund in connection with the General Arrangements to Borrow are included in this volume.

This issue contains most of the decisions published in the Fourteenth Issue that remain in effect, as well as new general decisions adopted after the publication of the Fourteenth Issue.

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

The General Counsel

Francois P. Gianviti

Contents

List Of Decisions By Number

NumberPage
2-1347
71-251
117-1350
170-33
180-5348
237-2331
284-3190
284-452
286-1190
287-351
408-23
446-4318
534-3345
574-2, as amended by 2620-(68/141)347
597-4348
102-(52/11)52
144-(52/51)320
201-(53/29)322
270-(53/95), as amended by 876-(59/15) and 1151-(6l/6)98
343-(54/47)382
433-(55/42)321
54l-(56/39)258
649-(57/33)338
876-(59/15), see 270-(53/95)
955-(59/45)325
1034-(60/27)326
1151-(61/6), see 270-(53/95)
1238-(6l/43)51
1289-(62/1), as amended by 1362-(62/32), 1415-(62/47), 4421-(74/132), 5792-(78/79), 624l-(79/144), and 7337-(83/37)259
1362-(62/32), see 1289-(62/1)
1415-(62/47), see 1289-(62/1)
1712-(64/29)279
2620-(68/141), see 574-2
2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)165
3153-(70/95)328
3179-(70/102)165
3351-(71/51)166
4134-(74/4)330
4239-(74/67)201
4254-(74/75)342
4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), and 8885-(88/89)70
4421-(74/132), see 1289-(62/1)
4720-(75/114)77
4773-(75/136), as amended by 5694-(78/35)418
4913-(75/207), see 2772-(69/47)
5069-(76/72)387
5127-(76/91)167
5220-(76/144), as amended by 7558-(83/156), 7857-(84/175), 8192-(86/13), 8583-(87/72), and 9189-(89/77)74
5288-(76/167)283
5306-(77/2)294
5331-(77/15)293
5371-(77/51)383
5387-(77/61)288
5392-(77/63), as amended by 8564-(87/59) and 8856-(88/64)9
5488-(77/116)294
5508-(77/127)77,384
5509-(77/127)303
5563-(77/150)TR396
5590-(77/163)228
5591-(77/163)383
5597-(77/171)169
5694-(78/35), see 4773-(75/136)
5702-(78/39)G/S as amended by 7096-(82/57)G/S201
5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)196
5704-(78/39)192
5706-(78/39)110
5709-(78/41)TR398
5712-(78/41)8
5719-(78/46)386
5792-(78/79), see 1289-(62/1)
5809-(78/88)199
5832-(78/95)TR399
5956-(78/180)S362
5972-(78/189)397
5973-(78/189)TR397
6000-(79/1)S, as amended by 6438-(80/37)S363
6001-(79/1)S364
6006-(79/3)311
6008-(79/3)311
6026-(79/13)14
6053-(79/34)S, as amended by 6438-(80/37)S366
6054-(79/34)S, as amended by 6438-(80/37)S368
6056-(79/38)54
6163-(79/96)312
6172-(79/101)194
6201-(79/121)TR399
6202-(79/121)TR400
6209-(79/124)S374
6230-(79/140)57
624l-(79/144), see 1289-(62/1)
6266-(79/156)4
6273-(79/158)G/S179
6274-(79/158)180
6275-(79/158)G/S182
6336-(79/178)S370
6337-(79/178)S371
6339-(79/179), see 4377-(74/114)
6352-(79/183)183
6358-(79/188)TR, as amended by 8640-(87/101)S/TR401
6368-(79/191)S362
6437-(80/37)S372
6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
6445-(80/43)83
6466-(80/68)TR400
6467-(80/71)S355
6484-(80/77)S357
6485-(80/77)S359
6486-(80/77)S358
6487-(80/77)S358
6488-(80/77)S358
6489-(80/77)S358
6524-(80/88)279
6540-(80/98)TR403
6609-(80/126)S358
6631-(80/145)G/S351
6663-(80/160)S191
6676-(80/168)T/R400
6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 894l-(88/122)SBS405
6693-(80/177)83
6704-(80/185)TR230, 404
6709-(80/189)S353
6718-(81/1)S358
6725-(81/5)84
6772-(81/35)G/S185
6774-(81/35)187
6783-(81/40), as amended by 8885-(88/89)84, 385
6790-(81/43)340
6793-(81/45)405
6830-(81/65), see also 4377-(74/114)110, 386
6831-(81/65), as amended by 7059-(82/23)199
6832-(81/65)S378
6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)100
6844-(81/75)313
6845-(81/75)314
6854-(81/78)SBS, as amended by 8184-(86/9)SBS412
6862-(81/81), see 5703-(78/39)
6870-(81/83), see 6863-(81/81)
6908-(81/101)S358
6925-(81/112), see 6863-(81/81)
7040-(82/7), as amended by 7589-(83/181)315
704l-(82/8)G/S379
7047-(82/13)111
7048-(82/13)113
7059-(82/23), see 6831-(81/65)
7060-(82/23)385
7064-(82/26)S358
7086-(82/42)S358
7096-(82/57)G/S, see 5702-(78/39)G/S
7116-(82/68)S380
7142-(82/85)TR401
7229-(82/136)S358
7246-(82/147)172
7247-(82/147)167
7337-(83/37), see 1289-(62/1)
7403-(83/73)294
7420-(83/82)420
7427-(83/83)18
7484-(83-117)420
7558-(83/156)74
7582-(83/174)S358
7589-(83/181), see 7040-(82/7)
7599-(84/3), as amended by 784l-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), 9028-(88/171), and 9326-(89/167)88
7600-(84/3), as amended by 784l-(84/165), 8147-(85/177), 8459-(86/189), 8744-(87/166), 9028-(88/171), and 9326-(89/167)89
7602-(84/3), see 2772-(69/47)
7626-(84/23)S186
7628-(84/25)275
7629-(84/25)277
7645-(84/40)15
7646-(84/40)16
7688-(84/70), see 6838-(81/70)
7704-(84/78)200
7707-(84/79)S358
7754-(84/108)SBS413
784l-(84/165), see 7599-(84/3) and 7600-(84/3)
7842-(84/165)128
7857-(84/175)74
7908-(85/26)114
7925-(85/38), as amended by 8887-(88/89)131
7931-(85/41)349
7939-(85/49)17
794l-(85/50)S186
7989-(85/81)413
7990-(85/81)230
7999-(85/90)349
8029-(85/105)231
8037-(85/110)SBS414
8147-(85/175), see 7599-(84/3) and 7600-(84/3)
8160-(85/186)GS353
8165-(85/189)G/TR, as amended by 8496-(87/3)G/TR, 864l-(87/101)G/TR, and 8923-(88/110)G/TR 204,402
8184-(86/9)SBS, see 6854-(81/78)SBS
8185-(86/9)SBS/S413
8186-(86/9)SBS/S360
8192-(86/13)75
8222-(86/45)47
8238-(86/56)SAF, as amended by
8497-(87/3)SAF,
8652-(87/105)SAF,
8758-(87/176)SAF, and 9118-(89/40)SAF231
8239-(86/56)SAF360
8240-(86/56)SAF, as amended by 8651-(87/105)SAF, 8935-(88/118)SAF, and 9117-(89/40)SAF238
824l-(86/56)SAF240
8248-(86/60)16
8249-(86/60)17
8265-(86/70)S186
8271-(86/74)206
8318-(86/104)S358
8348-(86/122), as amended by 8481-(86/202) and 8482-(86/202)207
8433-(86/175)203
8442-(86/178)206
8459-(86/189), see 7599-(84/3) and 7600-(84/3)
8481-(86/202) see 8348-(86/122)
8482-(86/202), see 8348-(86/122)
8492-(87/1)SBS414
8496-(87/3)G/TR, see 8165-(85/189)G/TR
8497-(87/3)SAF, see 8238-(86/56)
8515-(87/23)213
8523-(87/25)SBS see also 6683-(80/185)G/TR415
8542-(87/36)SAF239
8563-(87/59)17
8564-(87/59), see 5392-(77/63)
8574-(87/64)S187
8583-(87/72)75
8618-(87/90)214
8619-(87/90)215
8640-(87/101)S/TR, see 6358-(79/188)TR, and 7142-(82/85)TR
864l-(87/101)G/S/TR, see 8165-(85/189)G/TR
8642-(87/101)S/TR359
8648-(87/104)103, 108
8651-(87/105)SAF, see 8240-(86/56)SAF
8652-(87/105)SAF see 8238-(86/56)SAF
8674-(87/117)SBS416
8733-(87/159)272
8744-(87/166), see 7599-(84/3)
8757-(87/176)SAF/ESAF252
8758-(87/176)SAF see 8238-(86/56)SAF
8759-(87/176)ESAF, as amended by 9115-(89/40)ESAF23
8760-(87/176)254
8780-(88/12)216
8781-(88/12)215
8845-(88/61)ESAF45
8846-(88/61)ESAF46
8856-(88/64) see 5392-(77/63)
8857-(88/64)16
8858-(88/64)18
886l-(88/67), as amended by 8880-(88/84)217
8878-(88/84)214
8879-(88/84)215
8880-(88/84), see 886l-(88/67)
8885-(88/89), see 4377-(74/114) and
6783-(81/40)
8886-(88/89)90
8887-(88/89), see 7925-(85/38)
8897-(88/93)301
8898-(88/90)202
8923-(88/110)G/TR, see 8165-(85/189)G/TR
8935-(88/118)SAF, see 8240-(86/56)SAF
8936-(88/118)221
8937-(88/118)ESAF/S361
894l-(88/122)SBS see also 6683-(80/185) G/TR416
8955-(88/126), as amended by 9101-(89/30), 9153-(89/59), and 9391-(90/43)133, 383
9028-(88/71), see 7600-(84/3), 7599-(84/3)
9056-(89/2)ESAF46
9101-(89/30), see 8955-(88/126)
9114-(89/40)SAF/ESAF254
9115-(89/40)ESAF, see 8759-(87/176)ESAF
9116-(89/40)ESAF254
9117-(89/40)SAF, see 8240-(86/56)SAF
9118-(89/40)SAF, see 8238-(86/56)SAF
9119-(89/40)ESAF45
9135-(89/46)221
9186-(89/74)202
9189-(89/77)76
9222-(89/97)SBS417
9331-(89/167)66
9403-(90/53)173
9410-(90/62)224

Available in Annex to Fourteenth Issue

NumberPage
6843-(81/75)A76
6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112)A130
6864-(81/81)A133
7188-(82/114)A109
7677-(84/64)A110, 144
7955-(85/60)A156
8460-(86/189)A128
8486-(86/205)A159
8643-(87/102)A90
8831-(88/56)ESAFA3
8832-(88/56)ESAFA8
8833-(88/56)ESAFA17
8834-(88/56)ESAFA21
8835-(88/56)A21
8892-(88/90)ESAFA27
8893-(88/90)ESAFA32
8894-(88/90)ESAFA37
8895-(88/90)ESAFA41
8933-(88/117)ESAFA48
9016-(88/164)ESAFA54
9030-(88/173)ESAFA57
9060-(89/5)ESAF A67
9120-(89/40)ESAFA63

List Of Board Of Governors’ Resolutions

NumberPage
IM-6425
6-8426
24-12479
29-7428
29-8428
29-9431
29-10436
31-2445
34-2448
34-3481
38-1459
43-1468
44-1470
44-5473
45-1477

Interpretations Under Article XXIX(a)

Interpretations of Articles of Agreement (72-1)

Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446-4)

Interpretation of Article IX, Section 7 (534-3)

Interpretation of Article XII, Sections 3(b)(i) and 3(f) (2-1)

Interpretation of Article XXVI, Section 2* (343-(54/47))

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

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