Selected Decisions, 16th Edition
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
June 1991
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SELECTED DECISIONS

AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

SIXTEENTH ISSUE

WASHINGTON, DC

MAY 31, 1991

© 2009 International Monetary Fund

Preface

This volume is the Sixteenth 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 for the financing of the Enlarged Access Policy and 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 Sixteenth Issue. 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 Fifteenth Issue that remain in effect, as well as new general decisions adopted after the publication of the Fifteenth 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
2-1372
71-255
117-1375
170-33
180-5373
237-2355
284-3210
284-456
286-1210
287-355
408-23
446-4344
534-3370
574-2, as amended by 2620-(68/141)372
597-4373
102-(52/ll)56
144-(52-51)345
201-(53/29)347
270-(53/95), as amended by 876-(59/15) and 1151-(61/6)58
343-(54/47)408
433-(55/42)346
541-(56/39)285
649-(57/33)363
876-(59/15), see 270-(53/95)
955-(59/45)349
1034-(60/27)350
1151-(61/6), see 270-(53/95)
1238-(61/43)55
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)286
1362-(62/32), see 1289-(62/1)
1415-(62/47) see 1289-(62/1)
1712-(64/29)306
2620-(68/141), see 574-2
2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)174
3153-(70/95)352
3179-(70/102)176
3351-(71/51)176
4134-(74/4)354
4239-(74/67)221
4254-(74/75)366
4377-(74/114), as amended by 6339-(79/179), 6830-(81/65), and 8885-(88/89)105
4421-(74/132), see 1289-(62/1)
4720-(75/114)112
4773-(75/136), as amended by 5694-(78/35)445
4913-(75/207), see 2772-(69/47)
5069-(76/72)414
5127-(76/91)177
5220-(76/144), as amended by 7558-(83/156), 7857-(84/175), 8192-(86/13), 8583-(87/72), and 9189-(89/77)109
5288-(76/167)310
5306-(77/2)320
5331-(77/15)320
5371-(77/51)410
5387-(77/61)315
5392-(77/63), as amended by 8564-(87/59) and 8856-(88/64)9
5488-(77/116)321
5508-(77/127)188,410
5509-(77/127)330
5563-(77/150) TR423
5590-(77/163)257
5591-(77/163)409
5597-(77/171)179
5694-(78/35), see 4773-(75/136)
5702-(78/39) G/S as amended by 7096-(82/57)G/S221
5703-(78/39), as amended by 6862-(81/81) and 8955-(88/126)217
5704-(78/39)213
5706-(78/39)100
5709-(78/41)TR425
5712-(78/41)7
5719-(78/46)413
5792-(78/79), see 1289-(62/1)
5809-(78/88)219
5832-(78/95)TR425
5956-(78/180)S388
5972-(78/189)424
5973-(78/189)TR424
6000-(79/1)S, as amended by 6438-(80/37)S389
6001-(79/1)S390
6006-(79/3)337
6008-(79/3)337
6026-(79/13)13
6053-(79/34)S, as amended by 6438-(80/37)S392
6054-(79/34)S, as amended by 6438-(80/37)S394
6056-(79/38)60
6163-(79/96)338
6172-(79/101)214
6201-(79/121)TR426
6202-(79/121)TR426
6209-(79/124)S400
6230-(79/140)65
6241-(79/144), see 1289-(62/1)
6266-(79/156)4
6273-(79/158)G/S198
6274-(79/158)199
6275-(79/158)G/S201
6336-(79/178) S396
6337-(79/178) S397
6339-(79/179), see 4377-(74/114)
6352-(79/183)201
6358-(79/188)TR, as amended by 8640-(87/101) S/TR428
6368-(79/191)S388
6437-(80/37)S398
6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
6445-(80/43)193
6466-(80/68)TR426
6467-(80/71)S381
6484-(80/77)S383
6485-(80/77)S385
6486-(80/77)S384
6487-(80/77)S384
6488-(80/77)S384
6489-(80/77)S384
6540-(80/98)TR430
6609-(80/126)S384
6631-(80/145)G/S376
6663-(80/160)S212
6676-(80/168)TR427
6683-(80/185)G/TR, as amended by 8523-(87/25)SBS and 8941-(88/122)SBS432
6693-(80/177)194
6704-(80/185)TR259,430
6709-(80/189) S379
6718-(81/1)S384
6725-(81/5)194
6772-(81/35)G/S203
6774-(81/35)207
6783-(81/40), as amended by 8885-(88/89)112,411
6790-(81/43)364
6793-(81/45)432
6830-(81/65), see also 4377-(74/114)99,410
6831-(81/65), as amended by 7059-(82/23)219
6832-(81/65)S404
6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)126
6844-(81/75)339
6845-(81/75)340
6854-(81/78)SBS, as amended by 8184-(86/9)SBS439
6862-(81/81), see 5703-(78/39)
6870-(81/83), see 6863-(81/81)
6908-(81/101)S384
6925-(81/112), see 6863-(81/81)
7040-(82/7), as amended by 7589-(83/181)341
7041-(82/8)G/S405
7047-(82/13)195
7048-(82/13)197
7059-(82/23), see 6831-(81/65)
7060-(82/23)412
7064-(82/26)S384
7086-(82/42)S384
7096-(82/57)G/S, see 5702-(78/39)G/S
7116-(82/68)S,406
7142-(82/85)TR as amended by 8640-(87/101)S/TR428
7229-(82/136)S384
7246-(82/147)182
7247-(82/147)178
7337-(83/37), see 1289-(62/1)
7403-(83/73)321
7420-(83/82)447
7427-(83/83)18
7484-(83/117)448
7558-(83/156)109
7582-(83/174)S384
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), 9028-(88/171), 9326-(89/167), and 9476-(90/101)116
7600-(84/3), as amended by 7841-(84/154), 8147-(55/177), 8459-(86/189), 8744-(87/166), 9028-(88/171), 9326-(89/167), and 9476-(90/101), 9584-(90/161)117
7602-(84/3), see 2772-(69/47)
7626-(84/23)S206
7628-(84/25)302
7629-(84/25)304
7645-(84/40)14
7646-(84/40)15
7688-(84/70), see 6838-(81/70)
7704-(84/78)220
7707-(84/79)S384
7754-(84/108)SBS440
7841-(84/165), see 7599-(84/3) and 7600-(84/3)
7842-(84/165)97
7857-(84/175)110
7908-(85/26)73
7925-(85/38), as amended by 8887-(88/89)63
7931-(85/41)374
7939-(85/49)16
7941-(85/50)S206
7989-(85/81)439
7990-(85/81)259
7999-(85/90)374
8029-(85/105)260
8037-(85/110)SBS441
8147-(85/175), see 7599-(84/3) and 7600-(84/3)
8160-(85/186)G/S378
8165-(85/189)G/TR as amended by 8496-(87/3)G/TR, 8641-(87/101)G/TR, and 8923-(88/110) G/TR225,428
8184-(86/9)SBS, see 6854-(81/78)SBS
8185-(86/9)SBS/S440
8186-(86/9)SBS/S386
8192-(86/13)110
8222-(86/45)50
8238-(86/56)SAF, as amended by 8497-(87/3)SAF, 8652-(87/105)SAF, 8758-(87/176)SAF, 9118-(89/40)SAF, and 9490-(90/106)SAF260
8239-(86/56) SAF386
8240-(86/56)SAF, as amended by
8651-(87/105)SAF, 8935-(88/118)SAF, and 9117-(89/40)SAF267
8241-(86/56)SAF269
8248-(86/60)15
8249-(86/60)16
8265-(86/70)S207
8271-(86/74)229
8318-(86/104)S384
8348-(86/122), as amended by 8481-(86-202) and 8482-(86/202)230
8433-(86/175)224
8442-(86/178)229
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/l)SBS441
8496-(87/3)G/TR, see 8165-(85/189)G/TR
8497-(87/3)SAF, see 8238-(86/56)
8515-(87/23)236
8523-(87/25)SBS see also 6683-(80/185)G/TR442
8542-(87/36)SAF267
8563-(87/59)17
8564-(87/59), see 5392-(77/63)
8574-(87/64)S207
8583-(87/72)111
8618-(87/90)237
8619-(87/90)238
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/TR385
8648-(87/104)129,134
8651-(87/105)SAF, see 8240-(86/56)SAF
8652-(87/105)SAF, see 8238-(86/56)SAF
8674-(87/117)SBS442
8733-(87/159)229
8744-(87/166), see 7599-(84/3)
8757-(87/176) SAF/ESAF280
8758-(87/176)SAF see 8238-(86/56)SAF
8759-(87/176)ESAF, as amended by 9115-(89/40)ESAF, 9488-(90/106)ESAF 9555-(90/146)ESAF 9585-(90/161)ESAF26
8760-(87/176)282
8780-(88/12)239
8781-(88/12)237
8845-(88/61)ESAF49
8846-(88/61)ESAF50
8856-(88/64) see 5392-(77/63)
8857-(88/64)15
8858-(88/64)17
8861-(88/67), as amended by 8880-(88/84)240
8878-(88/84)237
8879-(88/84)238
8880-(88/84), see 8861-(88/67)
8885-(88/89), see 4377-(74/114) and 6783-(81/40)
8886-(88/89)118
8887-(88/89), see 7925-(85/38)
8897-(88/93)328
8898-(88/90)222
8923-(88/110) G/TR see 8165-(85/189) G/TR
8935-(88/118)SAF, see 8240-(86/56)SAF
8936-(88/118)244
8937-(88/118)ESAF/S387
8941-(88/122)SBS, see also 6683-(80/185)G/TR443
8955-(88/126), as amended by 9101-(89/30), 9153-(89/59), 9391-(90/43), 9503-(90/114), 9586-(90/161), 9587-(90/161), 9588-(190/161), and 9604-(90/170)136,409
9028-(88/71), see 7599-(84/3) 7600-(84/3)
9056-(89/2)ESAF50
9101-(89/30), see 8955-(88/126)
9114-(89/40)SAF/ESAF281
9115-(89/40)ESAF, see 8759-(87/176)ESAF
9116-(89/40)ESAF282
9117-(89/40)SAF, see 8240-(86/56)SAF
9118-(89/40)SAF, see 8238-(86/56)SAF
9119-(89/40)ESAF49
9135-(89/46)244
9186-(89/74)222
9189-(89/77)111
9222-(89/97)SBS444
9331-(89/167) as amended by 9693-(91/48)100
9403-(90/53)183
9410-(90/62)247
9454-(90/89)238
9457-(90/89)223
9471-(90/98)250
9476-(90/101), see 7599-(84/3) and 7600-(84/3)
9480-(90/103)205
9487-(90/106) SAF/ESAF281
9488-(90/106)ESAF23
9489-(90/106)ESAF49
9490-(90/106)SAF, see 8238-(86/56)SAF
9499-(90/111)15,18
9503-(90/114), see 8955-(88/126)
9510-(90/122)SBS444
9546-(90/145)119
9549-(90/146)G/S378
9584-(90/161), see 7600-(84/3)
9585-(90/161)ESAF23
9586-(90/161), see 8955-(88/126)
9587-(90/161), see 8955-(88/126)
9588-(90/161), see 8955-(88/126)
9603-(90/170)224
9604-(90/170), see 8955-(88/126)
9637-(91/15)22
9693-(91/48), see 9331-(89/167)69
9696-(91/49)253
9697-(91/49)256
9723-(91/63) G/TR227

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
7118-(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)ESAFA67
9120-(89/40)ESAFA63

List of Board of Governors’ Resolutions

NumberPage
IM-6451
6-8452
24-12518
29-7454
29-8454
29-9457
29-10462
31-2471
34-2479
34-3527
38-1489
43-1495
44-1498
44-5501
45-1504
45-2512

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, Section 3(b)(i) and 3(f) (2-1)

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

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