Selected Decisions Supplement (13th Ed)
Front Matter

Front Matter

Author(s):
International Monetary Fund
Published Date:
April 1988
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Selected Decisions of the International Monetary Fund and Selected Documents

Thirteenth Issue International Monetary Fund

Washington, D.C.

April 30, 1987

International Standard Serial Number: ISSN 0094-1735

Preface

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

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

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

Francois P. Gianviti

Director

Legal Department

Contents

List of Decisions By Number

NumberPage
2-1320
71-224
117-1323
170-33
180-5321
237-2303
284-3116
286-1116
287-324
408-23
446-4290
534-3318
574-2, as amended by 2620-(68/141)320
597-4321
102-(52/11)25
144-(52/51)292
201-(53/29)294
270-(53/95), as amended by 876-(59/15) and 1151-(61/6)60
343-(54/47)354
433-(55/42)293
541-(56/39)156
649-(57/33)311
876-(59/15), see 270-(53/95)
955-(59/45)297
1034-(60/27)298
1151-(61/6), see 270-(53/95)
1238-(61/43)24
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)157
1362-(62/32), see 1289-(62/1)
1415-(62/47), see 1289-(62/1)
1712-(64/29)177
2620-(68/141), see 574-2
2772-(69/47), as amended by 4913-(75/207) and 7602-(84/3)94
2836-(69/87)355
3153-(70/95)300
3179-(70/102)95
3351-(71/51)96
4134-(74/4)302
4239-(74/67)127
4254-(74/75)315
4377-(74/114), as amended by 6339-(79/179) and 6830-(81/65)33
4421-(74/132), see 1289-(62/1)
4720-(75/114)39
4773-(75/136), as amended by 5694-(78/35)390
4913-(75/207), see 2772-(69/47)
5069-(76/72)361
5127-(76/91)97
5220-(76/144)37
5288-(76/167)181
5306-(77/2)190
5331-(77/15)189
5371-(77/51)357
5387-(77/61)185
5392-(77/63)9
5488-(77/116)190
5508-(77/127)39, 357
5509-(77/127)196
5563-(77/150)TR370
5590-(77/163)139
5591-(77/163)356
5597-(77/171)99
5694-(78/35), see 4773-(75/136)
5702-(78/39)G/S, as amended by 7096-(82/57)G/S127
5703-(78/39), as amended by 6862-(81/81)122
5704-(78/39)118
5706-(78/39)72
5709-(78/41)TR372
5712-(78/41)8
5719-(78/46)360
5792-(78/79), see 1289-(62/1)
5809-(78/88)124
5832-(78/95)TR373
5956-(78/180)S333
5972-(78/189)371
5973-(78/189)TR371
6000-(79/1)S, as amended by 6438-(80/37)S334
6001-(79/1)S335
6006-(79/3)204
6008-(79/3)205
6026-(79/13)14
6053-(79/34)S, as amended by 6438-(80/37)S337
6054-(79/34)S, as amended by 6438-(80/37)S339
6056-(79/38)27
6163-(79/96)205
6172-(79/101)120
6201-(79/121)TR373
6202-(79-121)TR374
6209-(79/124)S346
6224-(79/135), as amended by 7602-(84/3)83
6230-(79/140)30
6241-(79/144), see 1289-(62/1)
6266-(79/156)4
6273-(79/158)G/S104
6274-(79/158)105
6275-(79/158)G/S107
6336-(79/178)S341
6337-(79/178)S342
6339-(79/179), see 4377-(74/114)
6352-(79/183)108
6358-(79/188)TR375
6368-(79/191)S333
6437-(80/37)S344
6438-(80/37)S, see 6000-(79/1)S, 6053-(79/34)S, and 6054-(79/34)S
6445-(80/43)45
6466-(80/68)TR374
6467-(80/71)S328
6484-(80/77)S330
6485-(80/77)S332
6486-(80/77)S331
6487-(80/77)S331
6488-(80/77)S331
6489-(80/77)S331
6540-(80/98)TR377
6609-(80/126)S331
6631-(80/145)G/S324
6663-(80/160)S117
6676-(80/168)TR374
6683-(80/185)G/TR, as amended by 8523-(87/25)SBS379
6693-(80/177)46
6704-(80/185)TR377
6709-(80/189)S326
6718-(81/1)S331
6725-(81/5)46
6772-(81/35)G/S110
6774-(81/35)112
6783-(81/40)47, 358
6790-(81/43)312
6793-(81/45)379
6830-(81/65), see also 4377-(74/114)73, 358
6831-(81/65), as amended by 7059-(82/23)125
6832-(81/65)S350
6838-(81/70), as amended by 7048-(82/13), 7688-(84/70), and 7908-(85/26)62
6843-(81/75)207
6844-(81/75)285
6845-(81/75)286
6854-(81/78)SBS, as amended by 8184-(86/9)SBS386
6860-(81/81), as amended by 7602-(84/3) and 7967-(85/69)89, 355
6862-(81/81), see 5703-(78/39)
6863-(81/81), as amended by 6870-(81/83) and 6925-(81/112)253
6864-(81/81)256
6870-(81/83), see 6863-(81/81)
6908-(81/101)S331
6925-(81/112), see 6863-(81/81)
7040-(82/7), as amended by 7589-(83/181)287
7041-(82/8)G/S351
7047-(82/13)73
7048-(82/13)75
7059-(82/23), see 6831-(81/65)
7060-(82/23)359
7064-(82/26)S331
7086-(82/42)S331
7096-(82/57)G/S, see 5702-(78/39)G/S
7116-(82/68)S352
7142-(82/85)TR375
7188-(82/114)236
7229-(82/136)S331
7246-(82/147)102
7247-(82/147)97
7337-(83/37), see 1289-(62/1)
7403-(83/73)191
7420-(83/82)392
7427-(83/83)18
7484-(83/117)393
7528-(83/140)88
7558-(83/156)37
7582-(83/174)S331
7589-(83/181), see 7040-(82/7)
7599-(84/3), as amended by 7841-(84/165), 8147-(85/177), and 8459-(86/189)50
7600-(84/3), as amended by 7841-(84/165), 8147-(85/177), and 8459-(86/189)51
7602-(84/3)84,92
93, 94
7626-(84/23)S111
7628-(84/25)174
7629-(84/25)175
7645-(84/40)15
7646-(84/40)16
7677-(84/64)237, 265
7688-(84/70), see 6838-(81/70)
7704-(84/78)126
7707-(84/79)S331
7754-(84/108)SBS388
7841-(84/165), see 7599-(84/3) and 7600-(84/3)
7842-(84/165)78
7857-(84/175)38
7908-(85/26)76
7925-(85/38)81
7931-(85/41)322
7939-(85/49)16
7941-(85/50)S111
7955-(85/60)277
7967-(85/69), see 6860-(81/81)
7989-(85/81)SBS387
7990-(85/81)141
7999-(85/90)322
8029-(85/105)141
8037-(85/110)SBS388
8147-(85/177), see 7599-(84/3) and 7600-(84/3)
8160-(85/186)GS326
8165-(85/189)G/TR, as amended by 8496-(87/3)G/TR129, 376
8184-(86/9)SBS, see 6854-(81/78)SBS
8185-(86/9)SBS/S387
8186-(86/9)SBS/S344
8192-(86/13)38
8222-(86/45)19
8237-(86/56)SAF142
8238-(86/56)SAF, as amended by 8497-(87/3)SAF142
8239-(86/56)SAF345
8240-(86/56)SAF, as amended by 8542-(87/36)SAF147
8241-(86/56)SAF149
8248-(86/60)16
8249-(86/60)17
8265-(86/70)S112
8271-(86/74)131
8318-(86/104)S331
8348-(86/122), as amended by 8481-(86/202) and 8482-(86/202)132
8349-(86/122)128
8433-(86/175)128
8442-(86/178)131
8459-(86/189), see 7599-(84/3) and 7600-(84/3)
8460-(86/189)251
8481-(86/202), see 8348-(86/122)
8482-(86/202), see 8348-(86/122)
8486-(86/205)280
8487-(86/205)52
8492-(87/1)SBS389
8496-(87/3)G/TR, see 8165-(85/189)G/TR
8497-(87/3)SAF, see 8238-(86/56)
8515-(87/23)138
8523-(87/25)SBS389
8542-(87/36)SAF, see 8240-(86/56)SAF
8563-(87/59)17
8564-(87/59), see 5392-(77/63)
8574-(87/64)S112

Interpretations Under Article XXIX(a)

Interpretations of Articles of Agreement (71-2)

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, Sections 2* (343-(54/47))

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

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