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Back Matter

Author(s):
International Monetary Fund
Published Date:
June 1994
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Agreement for the Establishment of the Joint Vienna Institute

As approved by the Executive Board of the International Monetary Fund on January 21, 1994 (Decision No. 10575-(94/4), January 21, 1994)

Agreement for the Establishment of the Joint Vienna Institute

THE PARTIES SIGNATORY HERETO,

Recognizing the importance of assisting Central and Eastern European countries and countries formerly republics of the U.S.S.R. in their transition to market-based economies;

Noting that the training of officials from these countries is one important component of such assistance;

Having Regard to the common interests of the Parties in establishing a training institute in Vienna, Austria, for this purpose; and

Responding to the invitation of the Republic of Austria to locate such an institute in Vienna;

Have Agreed as follows:

Article I: Establishment and Status

1. There is hereby established the Joint Vienna Institute (the “Institute”) as an international organization with full juridical personality.

2. The Institute shall operate in accordance with this Agreement.

Article II: Purpose and Activities

1. The purpose of the Institute shall be to provide training to support and supplement the national efforts of the countries of Central and Eastern Europe, the countries formerly republics of the U.S.S.R., and other countries, in their transition from centrally planned economies to market-based economies.

2. To this end, the Institute shall offer courses of instruction of the highest standard and of direct relevance to the purpose of paragraph 1 above, including courses in the areas of administration and economic and financial management. The Institute shall provide training primarily to public officials, and to other persons, with due regard to the role of the private sector. The Institute will also assist training institutes by providing training and other support.

Article III: Powers

The Institute shall have the capacity:

(a) to contract;

(b) to acquire and dispose of immovable and movable property;

(c) to institute and respond to legal proceedings; and

(d) to take such other action as may be necessary or useful for its purpose and activities.

Article IV: Headquarters

1. The headquarters of the Institute shall be located in Vienna, Austria, under such terms and conditions as agreed between the Institute and the Republic of Austria.

2. The Institute may establish facilities in other locations as required to support its activities.

Article V: Organization and Management

1. Structure of the Institute

The Institute shall have an Executive Board, an Advisory Committee, a Director, and staff.

2. Executive Board

(a) The Executive Board (the “Board”) shall be responsible for the conduct of the business of the Institute.

(b) Each of the Parties shall appoint one Member to the Board and one Alternate Member to act for the Member when he is unable to serve.

(c) The Board shall elect a Chairman and a Vice-Chairman from among its Members.

(d) The Board shall meet at least once a year. Meetings of the Board shall be called by the Chairman as required or when requested by at least two Members of the Board.

(e) A majority of Members of the Board shall constitute a quorum for any meeting of the Board.

(f) Decisions of the Board shall be taken by a majority of votes cast, provided that:

  • (i) the following decisions shall be subject to the approval of all Members voting: decisions under Article V, paragraph 2(g)(i), Article V, paragraph 2(g)(iii), Article V, paragraph 2(g)(vi) and Article XVI; and

  • (ii) the following decisions shall be subject to the approval of four-fifths of all Members voting: decisions approving the work program under Article V, paragraph 2(g)(ii) and decisions approving the annual budget under Article V, paragraph 2(g)(iv).

(g) The Board shall:

  • (i) adopt by-laws for the governance of the Institute in accordance with this Agreement, including by-laws for the implementation of the provisions of Article IX, paragraphs 3 and 4;

  • (ii) determine the Institute’s policies and approve its work program;

  • (iii) select the Director and external auditor of the Institute;

  • (iv) approve the Institute’s annual budget, audited financial statements and reports;

  • (v) appoint members of the Advisory Committee; and

  • (vi) approve agreements to be concluded under Article VIII.

3. Director and Staff

(a) The Director shall be chief of the operating staff of the Institute and shall, under the direction of the Board:

  • (i) conduct the ordinary business of the Institute;

  • (ii) represent the Institute in its dealings with third parties; and

  • (iii) do and perform all other acts necessary to further the purpose of the Institute.

(b) The Director shall serve for a term of two years, subject to renewal.

(c) The Director shall be responsible entirely to the Board, and to no other authority, for operating and managing the Institute in accordance with this Agreement, the by-laws and other decisions of the Board.

(d) Subject to the general control of the Board, the Director shall be responsible for the organization, appointment and dismissal of the staff of the Institute. In appointing the staff, the Director shall secure the highest standards of efficiency and of technical competence.

4. Advisory Committee

The Advisory Committee shall consist of members appointed by the Board, including representatives of countries referred to in Article II, paragraph 1, to advise it on the Institute’s general training policies and programs.

Article VI: Associate Members

1. The Board may appoint major contributors to the Institute as Associate Members for such periods of time as it shall determine.

2. The Board may invite Associate Members to participate in its meetings for particular agenda items. Associate Members shall have no right to vote.

3. The Institute shall provide Associate Members with copies of its work program, annual budget, and of its annual report referred to in Article IX, paragraph 4.

Article VII: Cooperative Relationships

The Institute may establish cooperative relationships with any public or private entity, including other training and teaching institutions.

Article VIII: Privileges and Immunities

1. The Institute, the Members of the Board and their alternates, members of the Advisory Committee, the Director, staff and experts shall enjoy such privileges and immunities as agreed between the Institute and the Republic of Austria.

2. The Institute may conclude agreements with other countries in order to secure appropriate privileges and immunities.

Article IX: Finances and Reports

1. The resources of the Institute shall include the following:

  • (a) voluntary contributions by each Party;

  • (b) contributions by the Republic of Austria;

  • (c) contributions from other sources; and

  • (d) income accruing from such contributions and other income.

2. The fiscal year of the Institute shall be the calendar year.

3. Each year, the Director shall prepare and submit to the Board, for its approval, the annual work program and budget.

4. Each year, the Director shall prepare and submit to the Board, for its approval, an annual report containing an audited statement of the Institute’s accounts and a summary of the activities of the Institute. Such audit shall be conducted by an independent external auditor selected by the Board.

Article X: Liability

1. No Party or Associate Member shall be required to provide financial support to the Institute beyond such contributions as it has pledged.

2. The Parties shall not be responsible, individually or collectively, for any debts, liabilities, or other obligations of the Institute; a statement to this effect shall be included in each of the agreements concluded by the Institute under Article VIII.

Article XI: Amendments

This Agreement may be amended only with the agreement of all Parties.

Article XII: Coming into Force and Depositary

1. This Agreement shall be open for signature by the following organizations: The Bank for International Settlements, the European Bank for Reconstruction and Development, the International Bank for Reconstruction and Development, the International Monetary Fund, and the Organisation for Economic Co-operation and Development.

2. This Agreement shall come into force upon signature by four of the above-named organizations and shall remain open for signature by such organizations for a period of one year from the date of its coming into force.

3. The Federal Minister for Foreign Affairs of the Republic of Austria shall be the Depositary of this Agreement.

Article XIII: Settlement of Disputes

Any dispute arising between the Institute and any Party or between any Parties under this Agreement shall be settled by negotiation or other agreed means of settlement.

Article XIV: Withdrawal

1. Any of the Parties may withdraw from this Agreement by written notification to the Depositary. Such withdrawal shall become effective three months after receipt of such notification by the Depositary.

2. Withdrawal from this Agreement by a Party shall not limit, reduce or otherwise affect its pledged contribution for the fiscal year in which it withdraws.

Article XV: Termination

1. The duration of this Agreement shall be five years from the date of its coming into force unless the Parties unanimously decide to extend the duration of this Agreement by one or more successive periods of twelve months. At the expiration of this initial term of five years or any extension thereof, the Parties shall forthwith wind up the Institute by written notification to the Depositary. Any assets of the Institute remaining after payment of its legal obligations shall be disposed of in accordance with a decision of the Board.

2. Notwithstanding paragraph 1, the Parties, acting unanimously, may terminate this Agreement at any time and wind up the Institute by written notification to the Depositary. Any assets of the Institute remaining after payment of its legal obligations shall be disposed of in accordance with a decision of the Board.

3. The provisions of this Agreement shall survive its termination to the extent necessary to permit an orderly disposal of assets and settlement of accounts.

Article XVI: Accession

This Agreement shall be open for signature by such international organizations as may be decided by the Board.

In Witness Whereof, the undersigned, being duly authorized, have signed this Agreement on the dates indicated below.

For the Bank for International Settlements:

For the European Bank for Reconstruction and Development:

For the International Bank for Reconstruction and Development:

For the International Monetary Fund:

For the Organisation for Economic Co-operation and Development:

Index

(* indicates Decision and Resolution as amended)

Decision No.Page
AAccounting 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)396
Borrowed Resources Suspense Accounts6844-(81/75)322
6845-(81/75)323
General Account; see General Resources Account, below
General Resources Account:
Adjustment of currency holdings of members5590-(77/163)250
Exchange rate for Fund computations5590-(77/163)250
Level of Fund SDR holdings, maintenance6275-(79/158) G/S196
7626-(84/23) S201
7941-(85/50) S201
8265-(86/70) S201
8574-(87/64) S201
10278-(93/19) S202
Purchase of SDRs for payment of charge5702-(78/39) * G/S216
Reimbursement for expenses of carrying out business of supplementary financing facility Subsidy Account6683-(80/185) G/TR421
Reimbursement for expenses of conducting business of Trust Fund5069-(76/72)406
Sales of SDRs for payment of quota increases by members under Seventh General Review of Quotas6663-(80/160) S207
Special Contingent Account, see Special Contingent Account
Special Disbursement Account, transfer of resources to ESAF Trust and retransfer to Special Disbursement Account8760-(87/176)277
Special Disbursement Account, transfers to supplementary financing facility Subsidy Account6683-(80/185) G/TR417
6704-(80/185) TR415
Investment7990-(85/81)252
8029-(85/105)253
Structural adjustment facility; see Structural adjustment facility
Special Drawing Rights Department, payment of net charges and assessments7116-(82/68)S391
Subsidy Accounts:
Supplementary financing facility:
Disbursement of additional subsidy amounts for period ending June 30, 19868523-(87/25) SBS425
Instrument6683-(80/185) G/TR416
Investment of currencies6854-(81/78) * SBS422
Means of payments8185-(86/9) SBS/S423
Subsidy payments, July 1, 1983–June 30, 19847754-(84/108) SBS423
Subsidy payments, July 1, 1984–June 30, 19858037-(85/110) SBS424
Subsidy payments, July 1, 1985–June 30, 19868492-(87/1) SBS424
Subsidy payments, July 1, 1986–June 30, 19878674-(87/117) SBS426
Subsidy payments, July 1, 1987–June 30, 19888941-(88/122) SBS426
Subsidy payments, July 1, 1988–June 30, 19899222-(89/97) SBS427
Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS423
Transfer of funds from Special Disbursement Account following termination of Trust Fund6704-(80/185) TR415
Accrued charges and income; see Overdue obligations to Fund, purchase from Fund
Adjustment process, international, review5392-(77/63)8
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) S369
Andean Reserve Fund, prescription as holder of special drawing rights6486-(80/77) S369
Arab Monetary Fund, prescription as holder of special drawing rights6609-(80/126) S369
Arrears to the Fund, see Overdue Obligations to Fund
Articles of Agreement *
Amendment, SecondB/G Res. 29-8436
B/G Res. 29-10450
Article 1, purposes of the Fund287-355
433-(55/42)328
1034-(60/27)333
4377-(74/114) *97
5069-(76/72)400
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. 31-2454
B/G Res. 34-2457
B/G Res. 38-1468
B/G Res. 43-1477
B/G Res. 44-1479
B/G Res. 44-5482
B/G Res. 45-1486
B/G Res. 45-2488
B/G Res. 48-3501
Article IV:
Consultations5392-(77/63)8-13
6026-(79/13)13
6056-(79/38)85
6790-(81/43)348
7427-(83/83)16-17
10168-(92/127)17
Consultations, bicyclic procedure Termination, see Termination of Bicyclic procedures below
Exchange arrangements5392-(77/63)8
5712-(78/41)7
Termination of Bicyclic Consultation procedure10362-(93/67)16
Article IV, Section 3, surveillance over exchange rate policies5392-(77/63) *8-9
6026-(79/13) *13
Article V, Section 11289-(62/1) *291
Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund1289-(62/1)*288
Article V, Section 3(a), “consistent with the provisions of this Agreement,” meaning287-355
Article V, Section 3(b)(ii), “represents” that a member has a need to make purchases284-456
Chairman’s Summing-up
EBM/87/17645
Article V, Section 3(b)(iii), waiver4377-(74/114) *98
5508-(77/127)191
6783-(81/40)*184
Article V, Section 3(d):8955-(88/126)*129
Sale of members’ currencies for repurchases5704-(78/39)209
Selection of currencies in purchases6273-(79/158) G/S194
6274-(79/158)195
6352-(79/183)197
6774-(81/35)202
Article V, Section 3(f), transfers of SDRs6275-(79/158) G/S196
Article V, Section 5, limitation on use of Fund’s resources284-3205
286-1205
7842-(84/165)94
Article V, Section 6, sale of SDRs by the Fund6663-(80/160) S207
Article V, Section 6(b), transfers of SDRs by the Fund6274-(79/158)194
6774-(81/35)202
Article V, Section 7, repurchases1289-(62/1) *288
5703-(78/39) *213
5704-(78/39)208
5809-(78/88) *214
6172-(79/101)209
Article VI, capital transfers1238-(61/43)55
Article VII, replenishment of Fund’s holdings of currencies5508-(77/127)186
5509-(77/127)312
6783-(81/40)181
Article VII, Section 1, borrowing by Fund1289-(62/1) *284
8897-(88/93)309
6783-(81/40)*181
Article VIII:
Bilateralism433-(55/42)328
Consultations5712-(78/41)12
Retention quotas201-(53/29)329
Article VIII and Article XIV1034-(60/27)332
Article VIII, Sections 2, 3, and 4, acceptance of obligations1034-(60/27)333
Article VIII, Section 2(a):
Payments restrictions144-(52/51)327
3153-(70/95)335
Article VIII, Section 2(b), unenforceability of exchange contracts446-4325
Article VIII, Section 3, multiple currency practices237-2337-44
649-(57/33)345
6790-(81/43)346
Article VIII, Section 7B/G Res. 34-3507
Article IX, Section 7, privilege for communications534-3354
Article XII, Section 3(b)(i) and 3(f)2-1356
Article XII, Section 3(c):
Additional appointed Executive Directors574-2 *356
Determination of member’s entitlement to appoint Executive Director7060-(82/23)397
“The preceding two years,” meaning597-4357
Article XIV:
Articles VIII and XIV1034-(60/27)332
Bilateralism433-(55/42)328
Consultations5392-(77/63)8
Retention quotas201-(53/29)329
Article XIV, Section 11034-(60/27)333
Article XIV, Section 2:
Multiple currency practices237-2342
Payments restrictions144-(52/51)327
3153-(70/95)334
Transitional arrangements446-4326
Article XIV, Section 3117-1360
Article XVII, Section 3, other holders of special drawing rights6467-(80/71) S366
6484-(80/77) S368
6486-(80/77) S369
7629-(84125)300
8642-(87/101)S/TR370
8759-(87/176)ESAF*34
8937-(88/118)ESAF371
Article XVIII, allocation of special drawing rightsB/G Res. 24-12503
B/G Res. 34-3512-13
Article XVIII, Section 2(d), allocations of special drawing rights to new participants5956-(78/180) S373
6368-(79/191) S373
Article XIX, Section 2(c):
Acceptance and use of special drawing rights by prescribed holders6467-(80/71) S366
Operations and transactions in special drawing rights between participants6000-(79/1) S *374
6001-(79/1) S *375
6053-(79/34) S *377
6054-(79/34) S *379
6336-(79/178) S381
6337-(79/ 178) S382
6437-(80/37) S383
Article XIX, Section 5, designation of participants to provide currency6209-(79/124) S385
Article XIX, Section 5(a)(i), designation plans6273-(79/158) GS193
Article XIX, Section 6(b), abrogation of rules for reconstitution6832-(81/65) S389
Article XIX, Section 7(a), calculation of exchange rates1289-(62/1) *290-91
6001-(79/1) S376
6053-(79/34) S *377
6054-(79/34) S *379
6336-(79/178) S381
7041-(82/8) G/S390
Article XX, Section 1, interest paid on holdings of special drawing rights6467-(80/71) S366
Article XX, Section 5, application against unpaid charges of special drawing rights acquired by participants after payment date7116-(82/68) S391
Article XXIIB/G Res. 34-3507
Article XXIII, Section 1, suspension of operations and transactions in special drawing rights6467-(80/71) S368
Article XXVI, Section 2(a), ineligibility to use Fund resources343-(54/47)393
Article XXVI, Section 31289-(62/1) *292
Article XXVII1289-(62/1) *292
270-(53/95) *85
Article XXVII, Section 1(a)(i), suspension of transactions covered by stand-by arrangements270-(53/95) *85
Article XXIX(a), list of interpretations underXXXV
Article XXX(c):
Exclusion of purchases and holdings under buffer stock facility5591-(77/163)394
Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126) *394
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40) *185
Exclusion of purchases and holdings under extended facility6830-(81/65)395
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)395
Exclusion of purchases under oil facility5371-(77/51)395
Exclusion relating to purchases in credit tranches6830-(81/65)395
Exclusion of purchases and holdings under Systemic Transformation Facility10348-(93/61) STF180,397
Article XXX(f), freely usable currencies5719-(78/46)398
Article XXXI, Section 1408-23
Schedule B, repurchases5703-(78/39) *213
5704-(78/39)209
6008-(79/3)320
Schedule B, paragraph 7(b), use of amounts in excess of capital value available from gold sales for benefit of developing countries5069-(76/72)399
Schedule F, rules for designation6209-(79/124) S386
Schedule G, rules for reconstitution, abrogation6832-(81/65) S389
Schedule J1289-(62/1) *292
Schedule K1289-(62/1) *292
Asian Development Bank, prescription as holder of special drawing rights7229-(82/136) S369
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) *214
6774-(81-35)204
Review7704-(84/78)215
Audit:
Enhanced structural adjustment facility trust (ESAF Trust)8759-(87/176) ESAF36
Supplementary financing facility Subsidy Account6683-(80/185) G/TR421
Trust Fund5069-(76/72)405
Augmentation; see Purchase transactions, Augmentation
BBalance of payments position:
Assessment for assistance from Trust Fund5069-(76/72)402
Assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S193
Discrimination for balance of payments reasons955-(59/45)331
Deposit by Managing Director of currencies held in supplementary financing facility Subsidy Account6854-(81/78) SBS422
Prescription as holder of special drawing rights6484-(80/77) S368
Trust Fund deposits denominated in SDRs5973-(78/189) TR409
Bank of Central African States, prescription as holder of special drawing rights7064-(82/26) S369
Belgium, National Bank of, Borrowing agreement with Fund; see Borrowing by the Fund
Bicyclic consultation procedures; see Consultation with members
Bilateralism433-(55/42)328
Borrowed Resources Suspense Accounts; see Borrowing by the Fund, below
Borrowing by the Fund
Borrowed Resources Suspense Accounts6844-(81/75)322
6845-(81/75)322
Borrowed resources, use to finance purchases under arrangements providing enlarged access to Fund’s resources6783-(81/40)396
General Arrangements to Borrow:1289-(62/1) *284
Associated borrowing arrangements7403-(83/73)302
“Outstanding borrowing and unused credit lines,” clause in respect of GAB in guidelines for Fund borrowing9862-(91/156) *323
Renewal,10176-(92/129)295
Saudi Arabia, association agreement7403-(83/73)302
Renewal8897-(88/93)309
10235-(92/149)311
Transferability of claims7629-(84/25)300
Transferability of claims; see Transferability of claims
Use of credit arrangements for nonparticipants1289-(62/1) *293
Guidelines9862-(91/156)323
Supplementary financing facility:
Authorization to make calls6006-(79/3)319
Interest payment procedure6163-(79/96)320
Meaning of “net creditor position in the Fund”6008-(79/3)320
Replenishment of holdings of currencies5509-(77/127)312
Subsidy Account6683-(80/185) G/TR416
Buffer stock financing facility2772-(69/47) *167
Access limit and review2772-(69/47) *167
Elimination of floating10186-(92/132)168
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5591-(77/163)394
International Natural Rubber Agreement, 19797246-(82/147)174
International Natural Rubber Agreement, 19879403-(90/53)176
International Sugar Agreement, 19775597-(77/171)172
International Tin Agreements:
Fourth3179-(70/102)168
Fifth5127-(76/91)169
Sixth7247-(82/147)170
3351-(71/51)169
Repurchases5703-(78/39) *212
Sixth International Tin Agreement7247-(82/147)170
1977 International Sugar Agreement5597-(77/171)172
International Natural Rubber Agreement, 19797246-(82/147)174
Burden sharing8348-(86/122) *221
Managing Director’s Remarks227
Extended burden sharing; see Extended burden sharing
Implementation for FY 19898861-(88/67)229
for FY 19909135-(89/46)233
for FY 199410340-(93/54) *239
for FY 199510706-(94/52)246
10660-(94/38)243
Net income target:
for FY 19898861-(88/67)229
for FY 199410704-(94/42)245
for FY 199510705-(94/42)245
Principles of “burden sharing”8861-(88/67)229
Rate of charge:
for FY 19898861-(88/67)229
Retroactive reduction of rate of charge10705-(94/52)245
Special Contingent Account, amounts placed
for FY 19878619-(87/90)227
for FY 19888780-(88/12)228
for FY 19898861-(88/67)229
for FY 19909135-(89/46)233
9471-(90/98)236
By-Laws, Section 20 audits; see Audits
By-Laws, Section 22, Compulsory Withdrawal: see Section 22
CCapital transfers:
Controls by members541-(56/39)283
B/G Res. 29-10447
Restrictions237-2340
Use of Fund’s resources for1238-(61/143)55
B/G Res. IM-6433
Central Bank of West African States, prescription as holder of special drawing rights6908-(81/101) S369
“Changing circumstances,” adaptation of multiple currency practices237-2343
Charges:
Accounting for charges from members with overdue obligations8433-(86/175)217
Accrued charges8433-(86/175)217
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)396
Extended Fund facility4377-(74/114) *99
10464-(93/130)111
Future changes4239-(74/67)216
Interest on Trust Fund loans; see Interest
Media of payment5702-(78/39) * G/S216
Oil facility Subsidy Account; see Accounts, Subsidy Accounts
Overdue obligations to Fund, special charges8165-(85/189) G/TR217
Overdue obligations to Fund, accrued income8433-(86/175)217
Payment by nonparticipant in Special Drawing Rights Department5702-(78/39) G/S216
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)S392
Rate, as of Feb. 1, 19888780-(88/12)228
Rate, determination of, burden sharing8348-(86/122) *222
Rate on use of ordinary resources for FY 199410391-(93/86)242
Setoff in connection with retroactive reduction8271-(86/74)220
Special charges on overdue obligations to Fund8165-(85/189) G/TR *217
Elimination after six months or more8165-(85/189) G/TR *219
Trust Fund loans10352-(93/49) G/TR219
Setoff against charges due for second quarter of FY 19878442-(86/178)221
Stand-by arrangements10464-(93/130) *107
Supplementary financing facility5508-(77/127)191
Supplementary financing facility Subsidy Account; see Accounts, Subsidy Accounts
Committee on Reform of the International Monetary System and Related IssuesB/G Comp. Res.435
Final report and terminationB/G Res. 29-7436
Support of extended Fund facility4377-(74/114)*97
Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)348
Commodities see also Buffer stock financing facility; Compensatory financing …):
Reclassification where subject to multiple currency practices237-2342
Communications, privilege for534-3354
Compensatory and contingency financing facility, establishment8955-(88/126) *128
Compensatory financing of export fluctuations8955-(88/126) *132
External contingency financing8955-(88/126) *137
Chairman’s Summing up
EBM/88/105156
Compensatory financing of fluctuation in the cost of cereal imports8955-(88/126) *140
Compensatory financing of fluctuations in8955-(88/126) *146
Transitional and other provisions8955-(88/126)153
Conditionality; see Use of Fund’s resources, Conditionality
“Consistent with the provision of this Agreement,” meaning in Article V, Section 3287-355
Consultation with members:
Before accepting obligations of Article VIII, Sections 2, 3, and 41034-60/27)333
Bicyclic procedures and simplified interim procedures
Termination10362-(93/67)16
Bilateral arrangements433-(55/42)328
Changes in members’ exchange arrangements, notification to Fund5712-(78/41)7
Commodity field, attention to policies2772-(69/47) *167
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)87
6790-(81/43)348
Cycles - Review10168-(92/127)16
Discussions on use of Fund’s resources102-(52/11)56
During period of extended arrangement10464-(93/130) *106
During period of stand-by arrangement10464-(93/130) *107
Exchange measures needing approval under Article VIII1034-(60/27)332-33
Members’ policies in present circumstances4134-(74/4)336
Multiple currency practices237-2339
Periodic discussions under Article VIII1034-(60/27)332-34
Resumption of purchases under extended arrangements10464-(93/130) *110
Resumption of purchases under stand-by arrangements270-(53/95) *84
10464-(93/130) *106
Retention quotas201-(53/29)329
Special consultations5392-(77/63)12
Whether measure is exchange restriction1034-(60/27)333
Consultations with European Monetary Cooperation Fund on calculation of representative rate for European Currency Unit7041-(82/8) G/S390
Consultations with prescribed holders of special drawing rights6467-(80/71)S367
Contingency mechanism; see Compensatory and contingency financing facility
Convertibility:
Acceptance of obligations of Article VIII, Sections 2, 3, and 41034-(60/27)333
Approval of exchange restrictions1034-(60/27)333
Bilateralism433-(55/42)328
Consultation with Fund1034-(60/27)334
Discrimination955-(59/45)331
Multiple currency practices; see Multiple currency practices
Retention quotas201-(53/29)329
Credit tranches; see Tranche policies
Creditworthiness, factor in determining use of Fund’s resources102-(52/11)57
Currencies (see also Borrowing by the Fund; Convertibility; Holdings of the Fund; Investment):
Arrangements for use in operations and transactions of FundB/G Res. 31-2455-56
Composition of special drawing right6631-(80/145) G/S361
Freely usable currencies5719-(78/46)398
Guidelines for use in operational budgets6772-(81/35) G/S198
10279-(93/19)199
Guidelines for use in operations and transactions of General Resources Account6273-(79/158)G/S193
6274-(79/158)194
6774-(81/35)202
10279-(93/19)199
Payment of subscriptions6266-(79/156)4
B/G Res. 31-2455
B/G Res. 34-2462
B/G Res. 38-1473
Rates for computations and maintenance of value5590-(77/163)250
Replenishment in connection with supplementary financing facility5509-(77/127)312
6774-(81/35)202
Sale by agreement with member with outstanding purchases6274-(79/158)194
6352-(79/183)196
Selection for payment of charges5702-(78/39) * G/S216
Specified by the Fund, use in repurchases5703-(78/39) *213
5809-(78/88)214
Subscribed to the Fund, owenership170-33
DDebt management policies; see External debt management policies
Debt and debt service reduction operations, early repurchase expectations9331-(89/167)*118
Debt and debt service reduction, Modalities of Fund supportActing
Chairman’s Summing-up EBM/94/1124
Avoidance of linking prepayments to commercial banks with early repurchasesChairman’s Summing-up EBM/91/48123-24
Debt strategy, Fund involvement inChairman’s Summing up EBM/89/61113
Declaration of noncooperation or censureEBM/89/10066
EBM/89/10166
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)331
Drawings; see Purchase transactions; Use of Fund’s resources
EEast African Development Bank, prescription as holder of special drawing rights7582-(83/174)S369
Eastern Caribbean Central Bank, prescription as holder of special drawing rights7707-(84/79)S369
Emergency assistance, natural disastersChairman’s Remarks EBM/82/16126
Enemy-occupied, former, members, introduction of multiple currency practices237-2342
Enhanced structural adjustment facility:
Access limits8845-(88/61)ESAF*45
8759-(87/176) ESAF *25
8238-(86/56)SAF*260
Arrears to the Fund, consequencesActing Chairman’s Remarks EBM/88/1260-61
Borrowing for loan accounts, consultation with creditors9056-(89/2)ESAF47
Establishment8757-(87/176) SAF/ESAF274
Extension of commitment and disbursement periods for agreement9114-(89/40)ESAF277
Gold pledge for use of ESAF Trust resources under Right Approach10286-(93/23)ESAF280
Legal documentationChairman’s Remarks EBM/87/17645
Operational arrangementsChairman’s Summing up EBM/87/17139
Review8757-(87/176) SAF/ESAF275
9114-(89/40) SAF/ESAF275
9487-(90/106) SAF/ESAF*275
9808-(91/114) SAF/ESAF275
10089-(92/94) SAF/ESAF276
Enhanced Structural Adjustment Facility Trust: Instrument to establish8759-(87/176) ESAF*21
Chairman’s Summing up EBM/87/17139
Interest rate on trust loans8846-(88/61)ESAF46
Lending, considered as a member’s official reserves by FundChairman’s Summing up EBM/87/17645-46
Transfer and retransfer of resources to and from Special Disbursement Account8760-(87/176) *277
Enhanced surveillance
Midterm review, procedure10365-(93/67)51
Chairman’s Summing Up EBM/93/1552
Procedures for transmittal of staff reports8222-(86/45)47
Chairman’s Summing up EBM/85/13248
Enlarged access, policy on6783-(81/40)*181
European Currency Unit, representative rate in terms of SDR7041-(82/8) G/S390
European Monetary Cooperation Fund, consultation on calculation of representative rate for European Currency Unit7041-(82/8)G/S390
“Exceptional circumstances,” meaning in Article XIV, Section 3 (Section 4 before Second Amendment)117-1360
237-2344
Exchange arrangements, notification5392-(77/63) *12
5712-(78/41)7
Exchange contracts, unenforceability446-4325
Exchange control regulations, Fund prepared to advise whether maintained or imposed consistently with Fund Agreement446-4326
Exchange controls on capital transfers541-(56/39)283
Exchange rates:
Borrowing arrangements by Fund1289-(62/1) *290
Exchange rate policies of members, surveillance5392-(77/63)9
Flexible exchange arrangements5712-(78/41)8
Floating, guidelinesB/G Res. 29-10447
Fluctuating:
Multiple currency practices (fixed and fluctuating rates)237-2340
Scope of transactions to be agreed with Fund237-2340
Free markets237-2340
Multiple currency practices arising from official action6790-(81/43)346
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/S390
Unification in multiple rate systems a basic objective of Fund649-(57/33)345
Exchange restrictions (see also Payments restrictions):
Approval1034-(60/27)333
Avoidance of escalation4134-(74/4)337
4254-(74175)348
Bilateralism433-(55/42)328
Capital transactions; see Capital transfers
Consultations with Fund1034-(60/27)333
Discrimination955-(59/45)331
Guiding principle of whether measure is a restriction on payments and transfers for current international transactions1034-(60/27)333
Introduction1034-(60/27)333
Maintenance1034-(60/27)334
Multiple currency practices237-2341
649-(57/33)345-46
6790-(81/43)346
Payments arrears3153-(70/95)334
Retention quotas201-(53/29)329
Security reasons; see Payments restrictions
Transitional arrangements under Article XIV, obligations under Article VIII, Sections 2, 3, and 41034-(60/27)333
Withdrawal, representation by Fund117-1360
Exchange systems, avoidance of use for nonbalance of payments reasons1034-(60/27)333
Exchange taxes237-2340,344
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)9
6026-(79/ 13)13
9499-(90/11)*15
10072-(92/85)15
10273-(93/15)15
Annual review of upper-maturity limit in guidelines on performance criteria with respect to foreign borrowing6230-(79/140)91
Communication of changes in members’ exchange arrangements5712-(78/41)7
Information on operation of buffer stocks3179-(70/102)168
5127-(76/91)170
5597-(77/171)174
7246-(82/147)176
7247-(82/147)172
Report to Board of Governors on quota increases under General Reviews of Quotas:
SeventhB/G Res. 34-2457
EighthB/G Res. 38-1468
NinthB/G Res. 43-1477
B/G Res. 44-5482
B/G Res. 45-1486
B/G Res. 45-2488
Review and change of rules for designation6209-(79/124)S387
Review of broad developments in exchange rates5392-(77/63)12
Review of decision on extended Fund facility4377-(74/114)*99
5220-(76/144)99
7558-(83/156)100
7857-(84/175)100
8192-(86/13)101
8583-(87/72)101
9189-(89/77)102
9790-(91/106)102
Review of functioning of international adjustment process5392-(77/63)11
Review of guidelines for borrowing by Fund9862-(91/91)323
Review of level of Fund’s SDR holdings6275-(79/158)G/S196
7626-(84/23)S201
7941-(85/50)S201
8265-(86/70)S201
8574-(87/64) S201
10278-(93/19) S202
Review of prescriptions of holders of special drawing rights6467-(80/71)S367
Review of quota calculation methodB/G Res. 38-1468
Executive Directors:
Additional appointed, meaning of “the preceding two years” in Article XII, Section 3(c)597-4357
Appointment by members having five largest quotas2-1356
Determination of members entitled to appoint under Article XII, Section 3(c)574-2 *356
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)396
Participation in meetings of Development CommitteeB/G Res. 29-9443
Participation in meetings of Interim CommitteeB/G Res. 29-8437
Voting power, effect of quota changes180-5357
Export shortfalls, financing; see Compensatory and contingency financing facility
Extended arrangements4377-(74/114)*96
Access limits, see Guidelines on access limits below
Amounts to be made available10181-(92/132)185
Augmentation of rights to make purchases, elimination5706-(78/39)95
Charge4377-(74/114)*99
10464-(93/130) *111
Elimination of use under Enlarged Access Policy10181-(92/132)185
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6830-(81/65)395
Form, standard10464-(93/130) *108
Guidelines on access limits10181-(92/132)185
Guidelines, operational; see Performance criteria and phasing, below
Ineligibility10464-(93/130) *111
Publicity upon declaration7931-(85/41)358
7999-(85/90)358
Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)92
EBM/85/2694
Noncomplying purchases; see Misreporting and noncomplying purchases
Operational guidelines; see Performance criteria and phasing, below
Overdue obligations to Fund, purchases from Fund7908-(85/26)58
EBM/84/5459
Performance criteria and phasing, operational guidelines7925-(85/38) *87
Provision for enlarged access to Fund’s resources6783-(81/40)181
Provision for supplementary financing5508-(77/127)186
Repurchases; see Repurchases
Review of decision on extended Fund facility5220-(76/144)99
7558-(83/156)100
7857-(84/175)100
8192-(86/13)101
8583-(87/72)101
9189-(89/77)102
9790-(91/106)102
Suspension of right to engage in purchase transactions10464-(93/130) *111
Utilization of supplementary financing facility for enlarged access resources; see Amendment to utilize …, above
Extended burden sharing, implementation and modalities of new special Contingent Account9471-(90/98)236
Extended Fund facility; see Extended arrangements
External debt management policies6230-(79/140)90
External contingency financing, see Compensatory and contingency financing facility
F“First credit tranche,” Fund attitude to request for transactions84
Floating rates; see Exchange rates
Fluctuating exchange rates; see Exchange rates
Freely usable currencies5719-(78/46)398
Free markets; see Exchange rates
Fund resources, use; see Use of Fund’s resources
Fund’s holdings; see Holdings of the Fund
GGeneral Agreement on Tariffs and Trade1034-(60/27)334
4254-(74/75)350
B/G Res. 29-10448
General Arrangements to Borrow; see Borrowing by the Fund
General Resources Accounts; see Accounts
Gold:
Modalities of gold pledge for use of ESAF Trust resources under Rights Approach10286-(93/23)280
Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund5703-(78/39) *213
5809-(78/88)214
Sale, amounts available to Trust Fund5069-(76/72)400
Sale for benefit of developing members, distribution of profits through Trust Fund5069-(76/72)400
5709-(78/41) TR410
5832-(78/95) TR410
6540-(80/98) TR413
Sale, transfer of profits to Trust Fund5069-(76/72)401
Subscribed to Fund, ownership170-33
Gross reserve position; see Reverse position, gross
HHoldings of the Fund:
Adjustment by Fund5590-(77/163)250
Attribution of reductions to enlargement of member’s reserve tranche position6774-(81/35)204
6831-(81/65) *214
Attribution of reductions to repurchase obligations6831-(81/65) *214
Balances held in administrative accounts not in excess of 0.1 percent of member’s quota, exclusion from Fund’s holdings of member’s currency for certain purposes7060-(82/23)396-97
Computations and adjustment, rates5590-(77/163)250
Exclusion of holdings resulting from credit tranche purchases6830-(81/65)395
Exclusion under buffer stock facility5591-(77/163)394
Exclusion under compensatory and contingency financing facility8955-(88/126) *394
Exclusion under enlarged access policy6783-(81/40)396
Exclusion under extended Fund facility6830-(81/65)395
Exclusion under oil facility5371-(77/51)395
Exclusion under supplementary financing facility5508-(77/127)395
Exclusion under systemic transformation facility10348-(93/61)
STF180
Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
Repurchases; see Repurchases
IImport restrictions imposed for balance of payments reasons, GATT members1034-(60/27)334
Income, accrued, see Overdue obligations to Fund, purchases from Fund, Accrued charges and income
Income position, burden sharing8348-(86/122) *221
9135-(89/46)233
Income target, see Burden sharing, net income target
Ineligibility; see Extended arrangements; Standby arrangements; Use of Fund’s resources
Interest:
Charge on loans from Trust Fund5069-(76/72)399
Payment on Fund indebtedness under General Arrangements to Borrow1289-(62/1) *288
Payment on Fund indebtedness under supplementary financing facility Subsidy Account6683-(80/185) * G/TR417
Payment under supplementary financing facility5509-(77/127) Annex315
6163-(79/96)320
Payments by members under Trust Fund loan agreements6358-(79/188)412
5069-(76/72)404
Interim Committee of the Board of Governors on the International Monetary System: EstablishmentB/G Res. 29-8 *435
Review of functioning of international adjustment process5392-(77/63)11
Rules of procedure450-51
International Bank for Reconstruction and Development, prescription as holder of special drawing rights6718-(81/1) S369
International Development Association, prescription as holder of special drawing rights6718 (81/1) S369
International Fund for Agricultural Development, prescription as holder of special drawing rights6489-(80/77) S369
International monetary system, reformB/G Comp. Res.435
International Natural Rubber, Sugar, and Tin Agreements; see Buffer stock financing facility
Interpretation of Articles of AgreementXXXV
Investment:
Currencies held in supplementary financing facility Subsidy Account6683-(80/185) G/TR418
6854-(81/78) SBS422
Currency balances held in Trust Fund5069-(76/72)406
5972-(78/189)408
5973-(78/189) TR409
Islamic Development Bank, prescription as holder of special drawing rights7086-(82/42) S369
JJapan, 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 *440
Rules of procedure444
Secretariat function, changes in organization of work and structure452
Joint Vienna Institute10575-(94/4)549
MMaintenance of value, adjustment: general policies and procedures relating to arrears to FundActing Chairman’s Summing up EBM/88/1961
Managing Director:
Authority to establish Borrowed Resources Suspense Accounts, and to transfer and invest balances of borrowed currencies6844-(81/75)322
6845-(81/75)322
Authority to make calls under borrowing arrangements in connection with supplementary financing facility6006-(79/3)319
Consultation by eligible member to request assistance from Trust Fund5069-(76/72)401
Consultation by member before making request under supplementary financing facility5508-(77/127)186
Consultation by member contemplating request under extended Fund facility4377-(74/114) *97
Consultation by member to request use of Fund resources under policy on enlarged access6783-(81/40)182
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 request of members with outstanding purchases6352-(79/183)197
Consultations with lenders on means of interest payment under borrowing agreements in connection with supplementary financing facility6163-(79/96)320
Deposit of currencies received by supplementary financing facility Subsidy Account with Bank for International Settlements6854-(81/78)* SBS422
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)204
Discussions with members on exchange policies5392-(77/63)12
6026-(79/13)14
Participation in meetings of Development CommitteeB/G Res. 29-9443
Participation in meetings of Interim CommitteeB/G Res. 29-8438
Placement of Trust Fund investments in SDR-denominated deposits5973-(78/189) TR409
Proposals for allocation of SDRs:
First basic periodB/G Res. 24-12503
Third basic periodB/G Res. 34-3505
Fourth basic period514
Proposals for calls under General Arrangements to Borrow1289-(62/1) *286
Proposals for Trust Fund investments5973-(78/189) TR409
Recommendations to Executive Board regarding approval of use of Fund resources and stand-by arrangements6056-(79/38)86
Report to Board of Governors and to Executive Board on allocation of SDRs for fourth basic period514
Military expenditure and role of the FundConcluding Remarks by Acting Chairman EBM/91/138351-53
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 resources71-255
B/G Res. IM-6433
Multiple currency practices: Policy237-2337
649-(57/33)345
6790-(81/43)346
Prior Fund approval5712-(78/41)8
Spreads6790-(81/43)346
N“Net creditor position in the Fund”6008-(79/3)320
Noncomplying purchases; see Extended or Stand-by arrangements, Misreporting and noncomplying purchases
Nordic Investment Bank, prescription as holder of special drawing rights6488-(80/77) S369
OOil facility:
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5371-(77/51)395
Operational budgets:
Assessment of strength of member’s balance of payments and gross reserve position6273-(79/158) G/S193
Sales of SDRs and use of currencies6772-(81/35) G/S198
Overdue obligations to Fund, purchases from Fund (see also Extended or Stand-by arrangements)7908-(85/26)58
10464-(93/130) *106,110
Access to enhanced structural adjustment facility (ESAF)Chairman’s Closing Remarks EBM/88/1260-61
Accrued charges and income8433-(86/175)217
Accounting for overdue charges8433-(86/175)217
Burden sharing; see Burden Sharing
Complaint, period of considerationChairman’s Summing up EBM/85/17059
EBM/90/3871-77
Compulsory withdrawalEBM/89/100
EBM/89/10167
EBM/90/3873-77
Declaration of ineligibilityEBM/89/100
EBM/89/10165
Declaration of noncooperation or censureEBM/89/10066
EBM/89/101
Deferred income8433-(86/175)217
Letter to GovernorsEBM/89/10067-70
EBM/89/101
Maintenance of value adjustments, policies and proceduresChairman’s Summing up EBM/88/1961
Procedures for dealing with membersEBM/89/10161
Publicity upon declaration of ineligibility7999-(85/90)358
Reporting by Fund7931-(85/41)358
Rights accumulation programs, operational modalitiesChairman’s Summing up EBM/90/9777
EBM/91/4280
EBM/92/5881
Setoff in connection with retroactive reduction of charges due by members in arrears8271-(86/74)220
Special charges on8165-(85/189) * G/TR217
Setoff against charges due for second quarter of FY 19878442-(86/178)221
Strengthened cooperative strategy, time-table Chairman’s of proceduresStatement
EBM/90/3871
EBM/92/5881
Overdue payments to Fund; see Overdue obligations to Fund
PPayments arrears3153-(70/95)334
Payments policies of members4134-(74/4)336
Payments restrictions; (see also Exchange restrictions; Payments arrears):
For security reasons, Fund jurisdiction144-(52/51)327
Withdrawal or general abandonment117-1360
“Position in the Fund,” definition6274-(79/158)195
6772-(81/35) G/S199
Prior notice to Fund, imposition of payments restrictions for security reasons144-(52/51)327
Publication of reports, overdue obligations7931-(85/41)358
Publicity on declaration of ineligibility7999-(85/90)358
Publicity upon Suspension of Voting Rights and termination of suspension10305-(93/32)358
Purchase transactions (see also Use of Fund’s resources):
Augmentation of rights to purchase under stand-by and extended arrangements, elimination5706-(78/39)95
Purchase under buffer stock financing facility2772-(69/47) *167
3179-(70/102)168
5127-(76/91)169
5591-(77/163)394
5597-(77/171)172
7246-(82/147)174
7247-(82/147)170
Purchases under compensatory and contingency financing facility8955-(88/126) *128-29
Purchases under credit tranche; see Tranche policies
Purchases under extended arrangements5508-(77/127)186
6783-(81/40) *181
6830-(81/65)95
10464-(93/130) *108
Purchases under policy on enlarged access6783-(81/40) *181
Purchases under stand-by arrangements5508-(77/127)186
6783-(81/40) *181
10464-(93/130) *103
Purchases under supplementary financing facility5508-(77/127)186
Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a proposal10464-(93/130) *111
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95) *83
10464-(93/130) *106
Suspension, effect on General Arrangements to Borrow1289-(62/1) *292
Suspension of transactions under extended arrangements10464-(93/130) *111
Suspension of transactions under stand-by arrangements270-(53/95) *83
10464-(93/130) *106
QQuotas:
Adjustment, first interval of five years408-23
Calculation, review of methodB/G Res. 38-1468
Change, effect on voting power of elected Executive Director180-5357
Reviews:
First408-23
Sixth General ReviewB/G Res. 31-2454
Seventh General ReviewB/G Res. 34-2457
Sale of SDRs by Fund to members for use in quota payments6663-(80/160) S207
Eighth General ReviewB/G Res. 38-1468
Ninth General Review
Report of Executive Board to Board of GovernorsB/G Res. 43-1477
B/G Res. 44-5482
B/G Res. 45-1486
B/G Res. 45-2488
Payment of increases in quotas10716-(94/52)496
Period of consent, extension10716-(94/52)496
Tenth General Review
Report of Executive Board to Board of GovernorsB/G Res. 48-3501
Special adjustment for members with very small quotasB/G Res. 44-1479
B/G Res. 38-1470
RRates for official communications of Fund534-3354
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)396
Remuneration, rate, burden sharing8348-(86/122) *222
Repayment by Fund of borrowed currency1289-(62/ 1) *288
5509-(77/127)315-16
Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
Reporting by the Fund of overdue obligations7931-(85/41)358
Repurchases:
Attribution of reductions in Fund’s holdings of currencies6774-(81/35)203-204
6831-(81/65) *214
Currency resulting from purchase under credit tranches5703-(78/39) *212
Currency resulting from purchase under extended arrangement10464-(93/130) *111
Currency resulting from purchase under stand-by arrangement10464-(93/130)107
Early, guidelines5704-(78/39)208
6172-(79/101)209
6273-(79/158) G/S193
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)194
6774-(81/35)202
Obligations to pay gold, payment with SDRs or currencies of other members5703-(78/39) *213
5809-(78/88)214
Of Fund’s holdings102-(52/11)56
Procedures5703-(78/39) *214
Under buffer stock financing facility5703-(78/39) *212
Sixth International Tin Agreement7247-(82/147)171
1977 International Sugar Agreement5597-(77/171)173
International Natural Rubber Agreement, 19797246-(82/147)176
Under compensatory and contingency financing facility5703-(78/39) *212
8955-(88/126)*136,145
152
Under decision on enlarged access6783-(81/40)184
Under extended Fund facility4377-(74/114) *98-99
Under supplementary financing facility5508-(77/127)190
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. 38-1473
Under Ninth General Review of QuotasB/G Res. 45-2497
Reserve position, gross, assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S193
Reserve tranche position:
Attribution of reductions in Fund’s holdings of currencies to enlarge6774-(81/35)204
6831-(81/65) *214
Review7704-(84/78)215
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)396
Reserve tranche purchases (see also Use of Fund’s resources):
Exclusion of purchases and holdings in credit tranches6830-(81/65)395
Exclusion of purchases and holdings under buffer stock financing facility5591-(77/163)394
Exclusion of purchases and holdings under compensatory and contingency financing facility8955-(88/126) *394
Exclusion of purchases and holdings under extended facility6830-(81/65)395
Exclusion of purchases and holdings under oil facility5371-(77/51)395
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)396
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)395
Exclusion of purchases and holdings under systemic transformation facility10348-(93/61) STF197, 397
Restrictions; see Exchange restrictions; Payments restrictions
Retention quotas201-(53/29)329
Rights approach or Rights accumulation programs; see Overdue obligations to Fund, purchases from Fund
Rule G-11289-(62/1) *291
Rule I-6(4):
Rate of charges8165-(85/189)* G/TR218
8780-(88/12)228
8861-(88/67)230
9135-(89/46)233
9471-(90/98)236
10340-(93/54)240
10348-(93/61) STF181
Rule I-10:
Rate of remuneration8348-(86/122) *222
8861-(88/67) *230
9471-(90/98)236
10340-(93/54)240
Rule O-2:
Determination of exchange rate1289-(62/ 1)*291
5590-(77/163)250
6001-(79/1) S376
6053-(79/34) S377
6054-(79/34) S379
6336-(79/178) S381
7041-(82/8) G/S390
Valuation of U.S. dollar in terms of special drawing rights6709-(80/189) S364
Rule P-7:
Declaration concerning use of special drawing rights in accordance with prescription on donations6437-(80/37) S384
Declaration concerning use of special drawing rights in accordance with prescription on forward operations6337-(79/178)S382
Declaration concerning use of special drawing rights in accordance with prescription on loans6001-(79/1) S376
Declaration concerning use of special drawing rights in accordance with prescription on pledges6053-(79/34) S *378
Declaration concerning use of special drawing rights in accordance with prescription on settlement of financial obligations6000-(79/1) S *375
Declaration concerning use of special drawing rights in accordance with prescription on swap operations6336-(79/178) S382
Declaration concerning use of special drawing rights in accordance with prescription on transfers as security for performance of financial operations6054-(79/34) S *380
Rule P-9, record of operations in special drawing rights6000-(79/1) S *375
6001-(79/1) S377
6053-(79/34) S *378
6054-(79/34) S *381
6336-(79/178) S382
6337-(79/178) S383
6437-(80/37) S384
8186-(86/9) SBS/S371
8239-(86/56) SAF371
Rule R-1 through R-6, rules for reconstitution, abrogation6832-(81/65)389
Rule T-1, interest and charges in respect of SDRs8759-(87/176) * ESAF35
SSaudi Arabia, association agreement under General Arrangements to Borrow;
Borrowing by the Fund Transferability of claims7629-(84/25)300
Section 22 of By-Laws, compulsory withdrawalEBM/89/100 and EBM/89/10167,70
Special contingent account, establishment8619-(87/90)227
Additions in FY 1988 and disposition of amounts placed in FY 1987 and FY 19888780-(88/12)228
Special Contingent Account (SCA-2)9471-(90/98)*236
Special Disbursement Account; see Accounts
Special drawing rights:
Allocation for first basic periodB/G Res. 24-12503
Allocation for third basic periodB/G Res. 34-3505
New participants5956-(78/180) S373
6368-(79/191) S373
Allocation for fourth basic period, Managing Director’s report to Board of Governors and to Executive Board514
Change in method of valuation, effect on claims under supplementary financing facility5509-(77/127)
Annex317
Designation, review of rules and method of calculating amounts6209-(79/124) S385
Holders prescribed by the Fund:
African Development Bank and African Development Fund8318-(86/104) S369
Andean Reserve Fund6486-(80/77) S369
Arab Monetary Fund6609-(80/126) S369
Asian Development Bank7229-(82/136) S369
Bank for International Settlements6484-(80/77) S368
Bank of Central African States7064-(82/26) S369
Central Bank of West African States6908-(81/101) S369
East African Development Bank7582-(83/174) S369
Eastern Caribbean Central Bank7707-(84/79) S369
International Bank for Reconstruction and Development6718-(81/1) S369
International Development Association6718-(81/1) S369
International Fund for Agricultural Development6489-(80/77) S369
Islamic Development Bank7086-(82/42) S369
Nordic Investment Bank6488-(80/77) S369
Swiss National Bank, Termination of status10225-(92/147) S370
Terms and conditions for accepting, holding, or using SDRs6467-(80/71) S366
Level of SDR holdings in General Resources Account, maintenance; see Accounts, General Resources Account
Loans for Trust Fund expressed in5069-(76/72)404
Method of collecting exchange rates for calculation of value of SDR for purpose of Rule O-2(a)6709-(80/189) S364
Payment of net charges and assessment in Special Drawing Rights Department; see Special Drawing Rights Department, payment
Payment of subscriptions6266-(79/156)6
Reconstitution, abrogation of rules6832-(81/65) S389
Sale by Fund to members for use in quota payments under Seventh General Review6663-(80/160) S207
Sale by Fund, guidelines6772-(81/35) G/S198
7626-(84/23) S201
7941-(85/50) S201
8265-(86/70) S201
8574-(87/64) S201
10278-(93/19) S202
SDR-denominated deposits with Bank for International Settlements5973-(78/189) TR409
Transfers under Article V, Section 3(f)6275-(79/158) G/S196
Transfers under Article V, Section 6(b), guidelines for selection of currencies6274-(79/158)194
6774-(81/35)202
Use in donations6437-(80/37) S383
Use in financial operations under ESAF Trust or administered account8937-(88/118) ESAF/S371
Use in forward operations6337-(79/178) S382
Use in loans6001-(79/1) S375
Use in operations under structural adjustment facility8239-(86/56) SAF371
Use in payment of charges5702-(78/39)* G/S216
Use in payment of 25 percent of quota increasesB/G Res. 31-2455
B/G Res. 34-2462
B/G Res. 38-1473
B/G Res. 45-2497
Use in payment of subsidy8186-(86/9) SBS/S370
Use in payment of Trust Fund obligations8642-(87/101) S/TR370
Use in pledges6053-(79/34) S*377
Use in repurchases5703-(78/39)213
5809-(78/88)214
Use in settlement of financial obligations6000-(79/1) S*374
Use in swap operations6336-(79/178) S381
Use in transfers as security for performance of financial obligations6054-(79/34) S379
Valuation basket, guidelines for calculation of currency amount8160-(85/186) G/S363
Valuation basket, see also, valuation method
Valuation for use in borrowing arrangements1289-(62/1)*291
Valuation, interimB/G Res. 29-10448
Valuation method6631-(80/145)G/S361
9549-(90/146)G/S363
Valuation of U.S. dollar pursuant to Rule O-2(a), method6709-(80/189) S364
Special Drawing Rights Department, payment of net charges and assessment7116-(82/68) S391
Stabilization of prices of primary products, Fund facility; see Buffer stock financing facility
Stand-by Arrangements:
Access limits, see Guidelines on access limits below
Augmentation of rights to make purchases, elimination5706-(78/39)95
Charges10464-(93/130)*107
Conditionality, guidelines6056-(79/38)85
Review8192-(86/13)101
8583-(87/72)101
9790-(91/106)102
Elimination of use under Enlarged Access Policy10181-(92/132)185
Exclusion of purchases for purposes of definition of “reserve tranche purchase”6830-(81/65)95,395
Foreign borrowing, performance criteria6230-(79/140)90
Form, standard10464-(93/130)*103
Guidelines on access limits10181-(92/132)185
Guidelines, operational; see Performance criteria and phasing, below
Ineligibility270-(53/95)*84
10464-(93/130)*106
Publicity upon declaration of7999-(85/90)358
7931-(85/41)358
Misreporting and noncomplying purchases, guidelines on corrective action7842-(84/165)92
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)58
EBM/84/5459
Payments arrears, performance criteria3153-(70/95)334-35
Performance criteria and phasing, operational guidelines7925-(85/38)87
Period270-(53/95)*84
5508-(77/127)187
6783-(81/40)182
Policies and procedures270-(53/95)*84
Provision for enlarged access to Fund’s resources6783-(81/40)181
Provision for supplementary financing5508-(77/127)187
Relationship between performance criteria and phasing of purchases, operational guidelines7925-(85/38)87
Renewal270-(53/95)*83
Repurchases; see Repurchases, Currency resulting from purchase under stand-by arrangement
Suspension of right to engage in purchase transactions270-(53/95)*

10464-(93/130)*
83

106
Utilization of supplementary financing facility for enlarged access resources; see Amendment to utilize …, above
Strengthened cooperation strategy on overdue obligations to Fund; see Overdue obligations to Fund, purchases from Fund
Structural adjustment facility: Amounts of assistance8240-(86/56) SAF*260-61
Review9809-(91/114)SAF276
10090-(92/24) SAF/ESAF276
Income from investment and loans, availability of use8760-(87/176)277
Interest8238-(86/56) SAF *257
List of eligible members and amounts of assistance8240-(86/56)*260-61
Loans under ESAF8238-(86/56)* SAF258
Regulations for administration8238-(86/56)* SAF253
Chairman’s Summing up
EBM/86/56263
Review of experience, conditionality, benchmarks, and prior actionsChairman’s Summing Up
EBM/87/93268
Review of operation8241-(86/56) SAF263
8757-(87/176) SAF/ESAF274
9114-(89/40) SAF/ESAF275
9487-(90/106)* SAF/ESAF275
9808-(91/114) SAF/ESAF275
10089-(92/94) SAF/ESAF276
Use of SDRs in Operations8239-(86/56) SAF371
Subscriptions:
Gold and currency, ownership by Fund170-33
Payment of quota increasesB/G Res. 31-2455
B/G Res. 34-2463
B/G Res. 38-1473
B/G Res. 45-2496-97
Reserve Assets:
Guidelines for determining amounts to be paid6266-(79/156)4
Payment:
Under Eighth General Review of QuotasB/G Res. 38-1470-71
Under Ninth General Review of QuotasB/G Res. 45-2492,497
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/)319
Charges; see Charges
Establishment5508-(77/127)186
No augmentation of rights to purchase5706-(78/39)95
Replenishment of Fund’s holdings of currencies5509-(77/127)312
Interest payments under borrowing agreements6163-(79/96)320
Meaning of “Net creditor position in the Fund”6008-(79/3)320
Repurchases; see Repurchases
Subsidy Account
Disbursement of additional subsidy amount for period ending June 30, 19868523-(87/25) SBS425
Disbursement of additional subsidy amount for July 1, 1985 through June 30, 19878674-(87/117) SBS426
Additional subsidy payments for May 1, 1987 through June 30, 1987 and for July 1, 1987 through June 30, 19888941-(88/122) SBS426
Instrument6683-(80/185) * TR416
Investment of currencies6854-(81/78)* SBS422
Means of payments8185-(86/9) SBS/S423
Subsidy payments, July 1, 1984–June 30, 19858037-(85/110) SBS424
Subsidy payments, July 1, 1985–June 30, 19868492-(87/1) SBS424
Subsidy payments, July 1, 1986–June 30, 19878674-(87/117) SBS426
Subsidy payments, July 1, 1987–June 30, 19888941-(88/122) SBS426
Subsidy payments, July 1, 1988–June 30, 19899222-(89/97) SBS427
Suspension of transfers and retransfer of surplus to Special Disbursement Account7989-(85/81) SBS423
Subsidy payments, May 1–June 30, 1989 and July 1, 1989–June 30, 19909510-(90/122) SBS428
Subsidy payments, May 1–June 30, 1990 and July 1, 1990–June 30, 19919788-(91/105) SBS428
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)16
Chairman’s Remarks EBM/91/1518
Review of procedures9499-(90/111)*15
10273-(93/15)15
Supplemental surveillance procedures6026-(79/13)*14
Suspension of voting rights, publicity, see Voting rights, suspension, publicity
Systemic transformation facility10348-(93/61) STF177
TTechnical assistance, Fund ready to meet requests in preparation of economic programs and measures for exchange simplification649-(57/33)346
Tin Agreements, International; see Buffer stock financing facility
Trade, Voluntary Declaration4254-(74/75)348
B/G Res. 29-10448
Tranche policies:
Application in connection with decision on enlarged access6783-(81/40)182
Application in connection with supplementary financing facility5508-(77/127)190
Application in connection with buffer stock financing facility10186-(92/132)168
Application in connection with compensatory and contingency financing facility8955-(88/126)*128
Application in connection with systemic transformation facility10348-(93/61) STF179-80
Exclusion of credit tranche purchases for purpose of definition of “reserve tranche purchase”6830-(81/65)395
Floating, elimination for purpose of determining level of conditionality applied to purchase10186-(92/132)168
Fund attitude to request for transactions within “first credit tranche” and beyond84
Transferability of claims:
General Arrangements to Borrow1289-(62/1)*291
7628-(84/25)299
Saudi Arabia’s borrowing agreement7629-(84/25)300
Transitional provisions of Article XIV117-1360
1034-(60/27)333
Trust Fund:
Distribution of profits from sale of gold for benefit of developing countries5069-(76/72)400
5709-(78/41) TR410
5832-(78/95) TR410
6540-(80/98) TR413
Diversification of investments5972-(78/189)408
5973-(78/189) TR409
Eligible members, review of list5563-(77/150) TR408
Final payments of profits and loans for period July 1, 1976–June 30, 19785832-(78/95) TR410
Instrument5069-(76/72)400
Amendment5563-(77/150) TR408
5972-(78/189)408
6793-(81/45)415
Means of payment of interest6358-(79/188) TR*412
Means of repayment by members on their indebtedness under loan agreements7142-(82/85) TR*413
Overdue interest and special charges8165-(85/189)* G/TR218
Elimination after six months or more10352-(93/49) G/TR*219
Repayment terms:
Final loan disbursement6793-(81/45)415
Second period:
Extension6466-(80/68) TR411
6676-(80/168) TR412
Extension of period for qualification6202-(79/121) TR411
Timing of loan disbursements6201-(79/121) TR411
Special charges on overdue interest8165-(85/189) G/TR*217
Termination and transfer of resources to Special Disbursement Account6683-(80/185) G/TR*422
6704-(80/185) TR414
UUnenforceability; see Exchange contracts
United Nations:
Agreement with International Monetary Fund519
Convention on the Privileges and Immunities of the Specialized Agencies526
Application to Fund, Annex V544
List of members which have accepted with respect to Fund545
General Assembly Resolution entitled “Uniting for Peace,” due regard by Fund in conduct of its activitiesB/G Res. 6-8434
United States dollars:
Determination of value in terms of special drawing right pursuant to Rule O-2(b)6709-(80/189) S364
Inclusion in operational budgets6772-(81/35) G/S199
Use for payment of interest and other Fund liabilities6358-(79/188)* TR412
Use for repayments by members on their indebtedness under Trust Fund loan agreements7142-(82/85)* TR413
Use in payments under supplementary financing facility Subsidy Account7754-(84/108) SBS424
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
Application of same policy for stand-by arrangements as for requests for immediate drawings270-(53/95)*83
Authority to use resources of Fund, interpretation of Articles of Agreement71-255
Buffer stock financing2772-(69/47)*167
Buffer stock financing facility as applied to 1977 International Sugar Agreement5597-(77/171)172
Buffer stock financing facility as applied to International Tin Agreements:
Fourth3179-(70/102)168
3351-(71/51)169
Fifth5127-(76/91)169
Sixth7247-(82/147)170
Capital transfers1238-(61/43)55
Compensatory and contingency financing facility8955-(88/126)*128
Conditionality, guidelines6056-(79/38)85
Review8192-(86/13)101
8583-(87/72)101
9189-(89/77)102
9790-(91/106)102
“Consistent with the provisions of this Agreement” in Article V, Section 3, meaning287-355
Credit tranche policies; see Tranche policies Enlarged access, policy on6783-(81/40)*181
Extended Fund facility4377-(74/114)*96
“First credit tranche”84
Floating of facilities, Elimination with respect to first credit tranche conditionality10186-(92/132)96,168 149
Guidelines on access limits10181-(92/132)185
In accordance with purposes of Fund102-(52/11)56
Ineligibility:
Effect on purchases under extended arrangement10464-(93/130)*111
Effect on purchases under stand-by arrangement270-(53/95)*83
10364-93/130)*106
Publicity upon declaration7999-(85/90)358
7931-(85/41)358
Under Article V, Section 5284-3205
Under Article XXVI, Section 2(a) (Article XV, Section 2(a) before Second Amendment)343-(54/47)393
Interpretation of Articles of Agreement71-255
Limit on access to Fund resources, guidelines10181-(92/132)185
Limitation under Article V, Section 5284-3205
286-1205
Monetary stabilization operations71-255
Postponement, limitation under Article V, Section 5286-1205
“Represents” in Article V, Section 3(b)(ii), meaning of the word284-456
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)*111
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal270-(53/95)*84
10464-(93/130)*106
Stand-by and extended arrangements, forms, standard10464-(93/130)*103
Suspension of exchange transactions, effect on General Arrangements to Borrow1289-(62/1)*292
Suspension of transactions under extended arrangements10464-(93/130)*111
Suspension of transactions under stand-by arrangements270-(53/95)*84
10464-(93/130)*106
Temporary assistance in financing balance of payments deficits71-255
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)*167
VVienna Institute, see Joint Vienna Institute
Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)348
B/G Res. 29-10448
Voting power, elected Executive Directors, effect of change in quota180-5357
Voting rights, suspension, publicity10305-(93/32)358
WWaiver of condition of Article V, Section 3(b)(iii)4377-(74/114)*98
5508-(77/127)191
6783-(81/40)184
8955-(88/126)*129
World Economic Outlook, framework for discussions of international adjustment process5392-(77/63)*12

Index to the Annex of the Fourteenth Issue

Decision No.Page
AAccounts:
Borrowed Resources Suspense Accounts7188-(82/114)A109
Articles of Agreement
Article V, Section 2(b), administration of deposits provided by members8895-(88/90) ESAFA41
8933-(88/117) ESAFA48
9030-(88/173) ESAFA57
Article VII, replenishment of Fund’s holdings of currencies6843-(81/75)A76
Article VII, Section 1, borrowing by Fund7677-(84/64)A110
Article XVII, Section 3, other holders of special drawing rights8831-(88/56) ESAFA7
8832-(88/56) ESAFA14
8833-(88/56) ESAFA20
BBank for International Settlements:
Borrowing agreement with Fund6863-(81/81)*A130
7677-(84/64)A144
7955-(85/60)A156
Borrowing by the Fund:
Agreement with Bank for International Settlements6863-(81/81)*A130
7677-(84/64)A144
7955-(85/60)A156
Agreement with Bank of Korea9120-(89/40) ESAFA63
Agreement with Bank of Norway8833-(88/56) ESAFA17
Agreement with Bank of Spain8893-(88/90) ESAFA32
Agreement with Caisse Centrale de Coopération Economique of France8831-(88/56) ESAFA3
Agreement with central banks and other official institutions6864-(81/81)A133
Agreement with Export-Import Bank of Japan8832-(88/56) ESAFA8
Agreement with Government of Canada8894-(88/90) ESAFA37
Agreement with Japan7677-(86/64)A144
7955-(85/60)A156
8486-(86/205)A159
Agreement with Monetary Authority of Singapore9016-(88/164) ESAFA54
Agreement with National Bank of Belgium7677-(84/64)A144
7955-(85/60)A156
Agreement with Saudi Arabian Monetary Agency6843-(81/75)A76
Amendment8460-(86/189)A128
Change in conversion arrangements7188-(82/114)A109
Supplementary Agreement7677-(84/64)A110
Extension of commitment period8460-(86/189)A128
Agreement with Swiss Confederation8834-(88/56) ESAFA21
8835-(88/56)A21
Agreements between Fund and its members, memorandum of Director of the Legal Department of the Fund6843-(81/75)A105
Borrowed Resources Suspense Accounts7188-(82/114)A110
Issuance of bearer notes by Fund6843-(81/75)A76
6864-(81/81)A133
EEnhanced structural adjustment facility
Associated lending agreement with Saudi Fund for Development9060-(89/5) ESAFA67
Borrowing agreements with:
Bank of Korea9120-(89/40) ESAFA63
Bank of Norway8833-(88/56) ESAFA17
Bank of Spain8893-(88/90) ESAFA32
Caisse Centrale de Coopération Economique of France8831-(88/56) ESAFA3
Export-Import Bank of Japan8832-(88/56) ESAFA8
Government of Canada8894-(88/90) ESAFA37
Monetary Authority of Singapore9016-(88/164) ESAFA54
Swiss Confederation8834-(88/56) ESAFA21
8835-(88/56)A21
Instruments for administered accounts:
Austria8895-(88/90) ESAFA41
Belgium8933-(88/117) ESAFA48
Greece9030-(88/173) ESAFA57
Investment with subsidy account, Bank Negara Malaysia8892-(88/90) ESAFA27
Enlarged access, policy on
Borrowing agreement with Bank for International Settlements6863-(81/81)A130
7677-(84/64)A144
7955-(85/60)A156
Borrowing agreement with Japan7677-(84/64)A144
7955-(85/60)A156
8486-(86/205)A159
Borrowing agreement with National Bank of Belgium7677-(84/64)A144
Borrowing agreement with Saudi Arabian Monetary Agency6843-(81/75)A76
Amendment8460-(86/189)A128
Change in conversion arrangements7188-(82/114)A109
Supplementary agreement7677-(84/64)A110
Borrowing from central banks and other official institutions6864-(81/81)A133
IInterest:
Payment on Fund indebtedness to Bank for International Settlements6863-(81/81)*A132
Payment on Fund indebtedness to central banks and other official institutions6864-(81/81)A135
Payment on Fund indebtedness to Saudi Arabian Monetary Agency6843-(81/75)A80
MManaging Director:
Authorizations in connection with implementation of borrowing agreement with Saudi Arabian Monetary Agency6843-(81/75)A76
RRepayment by Fund of borrowed currency6843-(81/75)A76
6864-(81/81)A133
SSaudi Arabian Monetary Agency, borrowing agreement with Fund6843-(81/75)A76
Amendment8460-(86/189)A128
Change in conversion arrangements7188-(82/114)A109
Supplementary agreement7677-(84/64)A110
Extension of commitment period8460-(86/189)A128
Special drawing rights
Valuation for use in borrowing arrangements6843-(81/75)A81
UUnited States dollars:
Use for payment of interest and other Fund liabilities6863-(81/81)*A130

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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