Selected Decisions (9th Ed)
Back Matter

Back Matter

Author(s):
International Monetary Fund
Published Date:
June 1981
Share
  • ShareShare
Show Summary Details

Index

(*indicates Decision as amended)

Decision No.Page
A Accounting by members for transactions with the Fund170-33
Accounts:
Borrowed Resources Suspense Accounts6844-(81/75)186
General Account; see General Resources Account, below
General Resources Account:
Adjustment of currency holdings of members5590-(77/163)100
Exchange rate for Fund computations5590-(77/163)100
Purchase of SDRs for payment of charges5702-(78/39) G/S99
Reimbursement for expenses of carrying out business of supplementary financing facility Subsidy Account6683-(80/185) G/TR293
Reimbursement for expenses of conducting business of Trust Fund5069-(76/72)270, 277
Sale of SDRs for payment of quota increases by members under 7th General Review of Quotas6663-(80/160) S90
Special Disbursement Account, transfers to supplementary financing facility Subsidy Account6683-(80/185) G/TR288, 289
6704-(80/185) TR286
Subsidy Accounts:
Oil facility*4773-(75/136)295
Annual review and payments for financial year 19816842-(81/71)297
Supplementary financing facility:
Instrument6683-(80/185) G/TR287
Investment of currencies6854-(81/78) SBS295
Transfer of funds from Special Disbursement Account following termination of Trust Fund6704-(80/185) TR286
Trust Fund, special accounts5069-(76/72)276
Adjustment process, international, review5392-(77/63)12
Andean Reserve Fund, prescription as holder of special drawing rights6486-(80/77) S242
Arab Monetary Fund, prescription as holder of special drawing rights6609-(80/126) S245
Articles of Agreement1
Amendment, SecondB/G Res. 29-8308
B/G Res. 29-10319
Article I, purposes of the Fund287-318
433-(55/42)204
1034-(60/27)209
*4377-(74/114)26
*4773-(75/136)295
5069-(76/72)270
Article III, Section 2, adjustment of quotas408-23
Article III, Section 2 (a), general review of quotasB/G Res. 34-2327
Article IV:
Consultations5392-(77/63)13
6026-(79/13)15
6056-(79/38)22
6532-(80/93)16
6790-(81/43)227
6815-(81/52)16
Exchange arrangements5392-(77/63)13
5712-(78/41)8
Article IV, Section 3, surveillance over exchange rate policies5392-(77/63)10
6026-(79/13)15
6532-(80/93)16
6815-(81/52)16
Article V, Section 1*1289-(62/1)113
Article V, Section 3, application of Fund policies to purchases of currency borrowed by Fund* 1289-(62/1)110
Article V, Section 3(a), “consistent with the provisions of this Agreement,” meaning287-317
Article V, Section 3 (b) (iii), waiver4241-(74/67)71
*4377-(74/114)29
5508-(77 /127)36
6783-(81/40)43
Article V, Section 3 (d):
Sale of members’ currencies for repurchases5704-(78/39)92
Selection of currencies in purchases6273-(79/158) G/S78
6274-(79/158)79
6352-(79/183)82
6774-(81/35)85
Article V, Section 3 (f), transfers of SDRs6275-(79/158) G/S81
Article V, Section 5, limitation on use of Fund’s resources284-389
Article V, Section 5, limitation on use of Fund’sresources284-389
286-189
Article V, Section 6, sale of SDRs by the Fund6663-(80/160) S90
Article V, Section 6 (b), transfers of SDRs by the Fund6274-(79/158)79
6774-(81/35)85
Article V, Section 7, repurchases*1289-(62/1)110
*5703-(78/39)96, 97
5704-(78/39)92
5809-(78/88)98
Article V, Section 7 (b), early repurchases5704-(78/39)91
6172-(79/101)93
6273-(79/158) G/S78
Article V, Section 7 (i), guidelines for selection of currencies used in repurchases6274-(79/158)79
6774-(81/35)85
Article V, Section 8, media of payment of charges5702-(78/39) G/S99
Article V, Section 8 (b), charges*5703-(78/39)95
6008-(79/3)141
Article V, Section 8(b), (c), and (d), charges4239-(74/67)99
Article V, Section 11, adjustment of Fund’s holdings of members’ currencies5590-(77/163)101
Article V, Section 12 (f) (ii), balance of payments assistance on special terms to low-income developing members in difficult circumstances6704-(80/185) TR286
Article VI, Section 1, use of Fund’s resources54l-(56/39)104
1238-(6l/43)17
Article VI, Section 3, controls on capital transfers541-(56/39)104
Article VII, replenishment of Fund’s holdings of currencies4242-(74/67)188
4635-(75/47)193
5508-(77/127)32
5509-(77/127)133
6783-(81/40)39
6843-(81/75)143
Article VII, Section 1, borrowing by Fund*1289-(62/1)105
4242-(74/67)188
4635-(75/47)193
Article VIII:
Bilateralism433-(55/42)204
Consultations5392-(77/63)13
6815-(81/52)16
Retention quotas201-(53/29)207
Article VIII and Article XIV1034-(60/27)209
Article VIII, Sections 2, 3, and 4, acceptance of obligations1034-(60/27)209, 210
Article VIII, Section 2(a):
Payments restrictions144-(52/51)203
3153-(70/95)212
Article VIII, Section 2 (b), unenforceability of exchange contracts446-4201
Article VIII, Section 3, multiple currency practices237-2220
5712-(78/41)9
6790-(81/43)226
Article VIII, Section 7B/G Res. 34-3340
Article IX, Section 7, privilege for communications534-3230
Article XII, Section 3(b)(i) and 3(f)2-1233
Article XII, Section 3(c):* 574-2233
Additional appointed Executive Directors* 574-2233
“The preceding two years,” meaning597-4234
Article XIV:
Articles VIII and XIV1034-(60/27)209
Bilateralism433-(55/42)204
Consultations5392-(77/63)13
6815-(81/52)16
Retention quotas201-(53/29)205, 207
Article XIV, Section 11034-(60/27)210
Article XIV, Section 2:
Multiple currency practices237-2220
Payments restrictions144-(52/51)203
3153-(70/95)212
Transitional arrangements446-4202
Article XIV, Section 3117-1235
237-2221
Article XVII, Section 3, other holders of special drawing rights6467-(80/71) S239
6484-(80/77) S242
6485-(80/77) S245
6486-(80/77) S242, 243
6487-(80/77) S243
6488-(80/77) S243, 244
6489-(80/77) S244
6609-(80/126) S246
6718-(81/1) S246, 247
Article XVIII, allocation of special drawing rightsB/G Res. 34-3338
Article XVIII, section 2(d), allocations of special drawing rights to new participants5956-(78/180) S248
6368-(79/191) S248
Article XIX, Section 2(c):
Acceptance and use of special drawing rights by prescribed holders6467-(80/71) S239
Operations and transactions in special drawing rights between participants*6000-(79/1) S249
6001-(79/1) S250
*6053-(79/34) S252
*6054-(79/34) S254
6336-(79/178) S256
6337-(79/178) S258
6437-(80/37) S259
Article XIX, Section 5, designation of participants to provide currency6209-(79/124) S260
Article XIX, Section 5(a)(i), designation plans6273-(79/158) G/S78
Article XIX, Section 6(b), abrogation of rules for reconstitution6832-(81/65) S264
Article XIX, Section 7(a), calculation of exchange rates*1289-(62/1)112
Article XX, Section 1, interest paid on holdings of special drawing rights6467-(80/71) S239
Article XXIIB/G Res. 34-3340
Article XXIII, Section 1, suspension of operations and transactions in special drawing rights6467-(80/71) S241
Article XXVI, Section 2(a), ineligibility to use Fund resources343-(54/47)265
Article XXVI, Section 3*1289-(62/1)113
Article XXVII*1289-(62/1)114
Article XXVII, Section 1(a)(i), suspension of transactions covered by stand-by arrangements*270-(53/95)45
Article XXIX(a), list of interpretations underxxiii
Article XXX(c):
Exclusion of purchases and holdings under buffer stock facility5591-(77/163)266
Exclusion of purchases and holdings under buffer stock facility5591-(77/163)266
Exclusion of purchases and holdings under compensatory financing of export fluctuations2836-(69/87)266
Exclusion of purchases and holdings under compensatory financing of fluctuations in the cost of cereal imports6860-(81/81)62
Exclusion of purchases and holdings under extended facility6830-(81/65)267
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)43
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)36
Exclusion of purchases under oil facility5371-(77/51)267
Exclusion relating to purchases in credit tranches6830-(81/65)267
Article XXX(f), freely usable currencies5719-(78/46)268
Schedule B, repurchases* 5703-(78/39)96, 97
5704-(78/39)92
6008-(79/3)141
Schedule B, paragraph 7(b), use of amounts in excess of capital value available from gold sales for benefit of developing countries5069-(76/72)269
Schedule F, rules for designation6209-(79/124) S261
Schedule G, rules for reconstitution, abrogation6832-(81/65) S264
Schedule J*1289-(62/1)113
Schedule K*1289-(62/1)114
4242-(74/67)193
Schedule K, paragraph 15288-(76/167)126
5387-(77/61)131
Audit:
Oil facility Subsidy Account*4773-(75/136)296
Supplementary financing facility Subsidy Account6683-(80/185) G/TR294
Trust Fund5069-(76/72)269, 276
Augmentation; see Purchase transactions, Augmentation
B Balance of payments position:
Assessment for assistance from Trust Fund5069-(76/72)272
Assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158) G/S78
Discrimination for balance of payments reasons955-(59/45)208
Bank for International Settlements:
Borrowing agreement with Fund*6863-(81/81)173
Deposit by Managing Director of currencies held in supplementary financing facility Subsidy Account6854-(81/78) SBS295
Prescription as holder of special drawing rightsB/G Res. 29-1301
6484-(80/77) S242
Trust Fund deposits denominated in SDRs5973-(78/189) TR281
Bilateralism433-(55/42)204
955-(59/45)208, 209
Borrowing by the Fund:
Agreement with Bank for International Settlements*6863-(81/81)173
Agreement with central banks and other official institutions6864-(81/81)176
Agreement with Saudi Arabian Monetary Agency6843-(81/75)143
Agreement with Swiss National Bank:
19765288-(76/167)123
19775387-(77/61)127
Interest, media of payment5331-(77/15)132
5488-(77/116)132
Transfer charges, media of payment5306-(77/2)132
5488-(77/116)132
Use of special drawing rights in repayment6485-(80/77) S245
Agreements between Fund and its members, memorandum of Director of the Legal Department of the Fund6843-(81/75), Annex169
Borrowed Resources Suspense Accounts6844-(81/75)186
6845-(81/75)187
Borrowed resources, use to finance purchases under arrangements providing enlarged access to Fund’s resources6783-(81/40)39
General Arrangements to Borrow*1289-(62/1)105
Charges*1289-(62/1)109
Switzerland, association of1712-(64/29)119
Issuance of bearer notes by Fund6843-(81/75)144, 154, 160, 168
6864-(81/81)179, 180, 182, 184
Oil facility4242-(74/67)188
4635-(75/47)193
4916-(75/208)195
Authorization to make calls4741-(75/120)195
4917-(75/208)195
Calls, order4918-(75/208)196
Interest payment4242-(74/76)191, 192
4490-(74/140)196
4635-(75/47)194
4636-(75/47)196
4919-(75/208)197
Media of payments5441-(77/84)197
Transferability of claims5974-(78/190)198
Supplementary financing facility:
Interest payment procedure6163-(79/96)141
Meaning of “net creditor position in the Fund”6008-(79/3)141
Replenishment of holdings of currencies5509-(77/127)133
Subsidy Account6683-(80/185) G/TR289
Buffer stock financing facility*2772-(69/47)64
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5591-(77/163)266
International Sugar Agreement, 19775597-(77/171)67
International Tin Agreements:
4th3179-(70/102)65
3351-(71/51)66
5th5127-(76/91)66
Repurchases*5703-(78/39)95
1977 International Sugar Agreement5597-(77/171)68
C Capital transfers:
Controls by members541-(56/39)104
B/G Res. 29-10317
Restrictions237-2218
Use of Fund’s resources for1238-(61/43)17
“Changing circumstances,” adaptation of multiple currency practices237-2222
Charges:
Borrowing agreements with Swiss National Bank5288-(76/167)125
5306-(77/2)132
5387-(77/61)129
5488-(77/116)132
Enlarged access policy6783-(81/40)43
Extended Fund facility*4377-(74/114)29
4720-(75/114)31
6838-(81/70)54
Future changes4239-(74/67)99
General Arrangements to Borrow*1289-(62/1)109
Interest on Trust Fund loans; see Interest
Media of payment5702-(78/39) G/S99
Oil facility4241-(74/67)72
*4634-(75/47)76
Oil facility Subsidy Account; see Accounts, Subsidy Accounts
Payment by nonparticipant in Special Drawing Rights Department5702-(78/39) G/S99
Stand-by arrangements6838-(81/70)49
Supplementary financing facility5508-(77/127)37
Supplementary financing facility Subsidy Account; see Accounts, Subsidy Accounts
Committee on Reform of the International Monetary System and Related IssuesB/G Comp. Res.305
Final report and terminationB/G Res. 29-7306
Support of extended Fund facility*4377-(74/114)26
Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)227
Commodities (see also Buffer stock financing facility; Compensatory financing …):
Reclassification where subject to multiple currency practices237-2220, 222
Communications, privilege for534-3230
Compensatory financing of export fluctuations6224-(79/135)56
Exclusion of purchases and holdings for purpose of definition of reserve tranche purchase …2836-(69/87)266
Integration of assistance with that available under decision on compensatory financing of fluctuations in the cost of cereal imports …6860-(81/81)59
Repurchases*5703-(78/39)95
6224-(79/135)58
Compensatory financing of fluctuations in the cost of cereal imports6860-(81/81)59
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6860-(81/81)62
Repurchases*5703-(78/39)96
6860-(81/81)62
Conditionality; see Use of Fund’s resources, Conditionally
“Consistent with the provisions of this Agreement,” meaning in Article V, Section 3287-317
Consultations with members:
Before accepting obligations of Article VIII, Sections 2, 3, and 41034-(60/27)210
Bilateral arrangements433-(55/42)205
Changes in members’ exchange arrangements, notification to Fund5712-(78/41)9
Commodity field, attention to policies*2772-(69/47)64
Commodity field, attention to policies* 2772-(69/47)64
Conduct by Managing Director in interval between Article IV consultations5392-(77/63)14
6026-(79/13)15
Consultations under Article IV5392-(77/63)13
6026-(79/13)15
6056-(79/38)22
6532-(80/93)16
6790-(81/43)227
6815-(81/52)16
Discussions on use of Fund’s resources102-(52/11)19
During period of extended arrangement6838-(81/70)54
During period of stand-by arrangement6838-(81/70)50
Exchange measures needing approval under Article VIII1034-(60/27)210
Members’ policies in present circumstances4134-(74/4)214
Multiple currency practices237-2216
Periodic discussions under Article VIII1034-(60/27)211
Purchases under oil facility424l-(74/67)71
Resumption of purchases under extended arrangements6838-(81/70)54
Resumption of purchases under stand-by arrangements*270-(53/95)45
6838-(81/70)49
Retention quotas201-(53/29)206
Special consultations5392-(77/63)14
Whether measure is exchange restriction1034-(60/27)210
Consultations with prescribed holders of special drawing rights6467-(80/71) S240
Convertibility:
Acceptance of obligations of Article VIII, Sections 2, 3, and 41034-(60/27)209
Approval of exchange restrictions1034-(60/27)209
Bilateralism433-(55/42)204
Consultation with Fund1034-(60/27)210
Discrimination955-(59/45)208
Multiple currency practices; see Multiple currency practices
Retention quotas201-(53/29)206
Credit tranches; see Tranche policies
Creditworthiness, factor in determining use of Fund’s resources102-(52/11)18
Currencies (see also Borrowing by the Fund; Convertibility; Holdings of the Fund; Investment):
Arrangements for use in operations and transactions of FundB/G Res. 31-2326
Composition of special drawing right6631-(80/145) G/S236
Freely usable currencies5719-(78/46)268
Guidelines for use in operational budgets6772-(81/35) G/S84
Guidelines for use in operations and transactions of General Resources Account6273-(79/158) G/S78
6274-(79/158)79
6774-(81/35)85
Payment of subscriptionsB/G Res. 31-2325
B/G Res. 34-2328, 332
6266-(79/156)7
Rates for computations and maintenance of value5590-(77/163)100
Replenishment in connection with supplementary financing facility5509-(77/127)133
Sale at request of member with outstanding purchases6274-(79/158)80
6352-(79/183)82
6774-(81/35)86
Selection for payment of charges5702-(78/39) G/S99
Specified by the Fund, use in repurchases*5703-(78/39)97
5809-(78/88)98
Subscribed to the Fund, ownership170-33
D Debt management policies; see External debt management policies
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)208
Drawings; see Purchase transactions; Use of Fund’s resources
E East Caribbean Currency Authority, prescription as holder of special drawing rights6487-(80/77) S243
Enemy-occupied, former, members, introduction of multiple currency practices237-2220, 222
Enlarged access, policy on6783-(81/40)39
Borrowed Resources Suspense Accounts; see Accounts
Borrowing agreement with Bank for International Settlements6863-(81/81)173
Borrowing agreement with Saudi Arabian Monetary Agency6843-(81/75)143
Borrowing from central banks and other official institutions6864-(81/81)176
Charges6783-(81/40)43
Exclusion of purchases with borrowed resources and holdings under Article XXX (c)6783-(81/40)43
Form of stand-by and extended arrangements6838-(81/70)46
Repurchases; see Repurchases
“Exceptional circumstances,” meaning in Article XIV, Section 3 (Section 4 before Second Amendment)117-1235
237-2221
Exchange arrangements, notification5392-(77/63)13
5712-(78/41)8
Exchange contracts, unenforceability446-4201
Exchange control regulations, Fund prepared to advise whether maintained or imposed consistently with Fund Agreement446-4202
Exchange controls on capital transfers54l-(56/39)104
Exchange rates:
Borrowing arrangements by Fund*1289-(62/1)112
Exchange rate policies of members, surveillance5392-(77/63)10
Flexible, exchange arrangements5712-(78/41)9
Floating, guidelinesB/G Res. 29-10317
Fluctuating:
Multiple currency practices (fixed and fluctuating rates)237-2217
Scope of transactions to be agreed with Fund237-2218
Free markets237-2218
Multiple currency practices arising from official action6790-(81/43)225
Notification to Fund5392-(77/63)13
5712-(78/41)8
Pegs, notification to Fund of changes5712-(78/41)8
Unification in multiple rate systems a basic objective of Fund649-(57/33)223
Exchange restrictions (see also Payments restrictions):
Approval1034-(60/27)210
Avoidance of escalation4134-(74/4)214
4254-(74/75)227
Bilateralism433-(55/42)204
Capital transactions; see Capital transfers
Consultations with Fund1034-(60/27)210
Discrimination955-(59/45)208
Guiding principle of whether measure is a restriction on payments and transfers for current international transactions1034-(60/27)209
Introduction1034-(60/27)210
Maintenance1034-(60/27)210
Multiple currency practices237-2217
649-(57/33)223
6790-(81/43)227
Payments arrears3153-(70/95)211
Retention quotas201-(53/29)205
Security reasons; see Payments restrictions Transitional arrangements under Article XIV, obligations under Article VIII, Sections 2, 3, and 41034-(60/27)210
Withdrawal, representation by Fund117-1235
Exchange systems, avoidance of use for nonbalance of payments reasons1034-(60/27)210
Exchange taxes237-2218, 223
Notification to Fund5712-(78/41)9
Exchange transactions; see Purchase transactions
Executive Board:
Annual review of decision on oil facility Subsidy Account*4773-(75/136)297
6842-(81/71)297
Annual review of implementation of surveillance over members’ exchange rate policies5392-(77/63)14
6026-(79/13)15
6532-(80/93)16
6815-(81/52)16
Annual review of upper-maturity limit in guidelines on performance criteria with respect to foreign borrowing6230-(79/140)24
Communication of changes in members’ exchange arrangements5712-(78/41)9
Information on operation of buffer stocks3179-(70/102)65
5127-(76/91)67
5597-(77/171)69
Notice of repayments under oil facility544l-(77/84)197
Report to Board of Governors on quota increases under 7th General Review of QuotasB/G Res. 34-2327
Review and change of rules for designation6209-(79/124) S261
Review of broad developments in exchange rates5392-(77/63)14
Review of decision on extended Fund facility*4377-(74/114)30
5220-(76/144)30
6140-(79/85)30
6726-(81/7)31
Review of decision on oil facility424l-(74/67)73
4393-(74/121)74
4529-(74/153)74
*4634-(75/47)75, 76
Review of functioning of international adjustment process5392-(77/63)12
Review of prescriptions of holders of special drawing rights6467-(80/71) S240, 241
Executive Directors:
Additional appointed, meaning of “the preceding two years” in Article XII, Section 3(c)597-4234
Appointment by members having 5 largest quotas2-1233
Determination of members entitled to appoint under Article XII, Section 3(c)*574-2233
Participation in meetings of Development CommiteeB/G Res. 29-9312
Participation in meetings of Interim CommitteeB/G Res. 29-8307
Voting power, effect of quota changes180-5234
Export shortfalls, financing; see Compensatory financing of export fluctuations
Extended arrangements*4377-(74/114)29
Augmentation of rights to make purchases, eliminatlon5706-(78/39)26
Charge*4377-(74/114)55
4720-(75/114)31
6838-(81/70)54
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”6830-(81/65)56, 267
Form under enlarged access policy6838-(81/70)46
Ineligibility6838-(81/70)53
Provision for enlarged access to Fund’s resources6783-(81/40)39
Provision for supplementary financing5508-(77/127)32
6693-(80/177)38
6725-(81/5)39
Repurchases; see Repurchases
Review of decision on extended Fund facility5220-(76/144)30
6140-(79/85)30
6726-(81/7)31
Suspension of right to engage in purchase transactions6838-(81/70)53
Extended Fund facility; see Extended arrangements
External debt management policies6230-(79/140)22
F “First credit tranche,” Fund attitude to request fortransactions25
Floating rates; see Exchange rates
Fluctuating exchange rates; see Exchange rates
Free markets; see Exchange rates
Freely usable currencies5719-(78/46)268
Fund resources, use; see Use of Fund’s resources
G General Agreement on Tariffs and Trade1034-(60/27)211
4254-(74/75)229
B/G Res. 29-10317
General Arrangements to Borrow; see Borrowing by the Fund
General Resources Account; see Accounts
Gold:
Repurchase obligations, discharge by payment in SDRs or currencies of other members specified by Fund*5703-(78/39)96
5809-(78/88)98
Sale, amounts available to Trust Fund5069-(76/72)275
Sale for benefit of developing members, distribution of profits through Trust Fund5069-(76/72)270
5709-(78/41) TR281
5832-(78/95) TR282
6540-(80/98) TR285
Sale, transfer of profits to Trust Fund5069-(76/72)271
Subscribed to Fund, ownership170-33
Gross reserve position; see Reserve position, gross
H Holdings of the Fund:
Adjustment by Fund5590-(77/163)100
Attribution of reductions to enlargement of member’s reserve tranche position6774-(81/35)87
6831-(81/65)98
Attribution of reductions to repurchase obligations6831-(81/65)98
Computations and adjustment, rates5590-(77/163)100
Exclusion of holdings resulting from credit tranche purchases6830-(81/65)56, 267
Exclusion under buffer stock facility5591-(77/163)266
Exclusion under compensatory financing of export fluctuations2836-(69/87)266
Exclusion under compensatory financing of fluctuations in the cost of cereal imports6860-(81/81)62
Exclusion under enlarged access policy6783-(81/40)43
Exclusion under extended Fund facility6830-(81/65)56, 267
Exclusion under oil facility5371-(77/51)267
Exclusion under supplementary financing facility5508-(77/127)36
Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
Repurchases; see Repurchases
I Import restrictions imposed for balance of payments reasons, GATT members1034-(60/27)211
Ineligibility; see Extended arrangements; Stand-by arrangements; Use of Fund’s resources
Interest:
Charge on loans from Trust Fund5069-(76/72)274
Payment of interest on transferred claim under oil facility5974-(78/190)199
Payment on Fund indebtedness to Bank for International Settlements*6863-(81/81)175
Payment on Fund indebtedness to central banks and other official institutions6864-(81/81)177, 179
Payment on Fund indebtedness to Saudi Arabian Monetary Agency6843-(81/75)147, 157
Payment on Fund indebtedness to Swiss National Bank5288-(76/167)125, 126
5331-(77/15)132
5387-(77/61)129, 130
5488-(77/116)132
Payment on Fund indebtedness under General Arrangements to Borrow*1289-(62/1)109
Payment on Fund indebtedness under oil facility4242-(74/67)191, 192
4490-(74/140)196
4635-(75/47)194
4636-(75/47)196
4919-(75/208)197
Payment on Fund indebtedness under supplementary financing facility Subsidy Account6683-(80/185) G/TR289
Payment under supplementary financing facility5509-(77/127), Annex136, 138
6163-(79/96)141
Payments by members under Trust Fund loan agreements6358-(79/188) TR284
Interim Committee of the Board of Governors on the International Monetary System:
EstablishmentB/G Res. 29-8306
Review of functioning of international adjustment process5392-(77/63)12
Rules of procedure320
International Bank for Reconstruction and Development, prescription as holder of special drawing rights6718-(81/1) S246
International Development Association, prescription as holder of special drawing rights6718-(81/1) S246
International Fund for Agricultural Development, prescription as holder of special drawing rights6489-(80/77) S244
International monetary system, reformB/G Comp. Res.305
International Sugar and Tin Agreements; see Buffer stock financing facility
Investment:
Currencies held in oil facility Subsidy Account*4773-(75/136)296
Currencies held in supplementary financing facility Subsidy Account6683-(80/185)G/TR289, 293
6854-(81/78) SBS295
Currency balances held in Trust Fund5069-(76/72)277
5972-(78/189)280
5973-(78/189) TR281
J Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transferof Real Resources to Developing Countries:
EstablishmentB/G Res. 29-9310
Rules of procedure321
Secretariat function, changes in organization of work and structure322
M Managing Director:
Arrangements for consultations on payment of interest on loans under oil facility4490-(74/140)196
4636-(75/47)196
4919-(75/208)197
Arrangements for repayments of borrowing under oil facility544l-(77/84)197
Authority to establish Borrowed Resources Suspense Accounts, and to transfer and invest balances of borrowed currencies6844-(81/75)186
6845-(81/75)187
Authority to establish oil facility Subsidy Account*4773-(75/136)295
Authority to make calls under borrowing arrangements for oil facility474l-(75/120)195
4917-(75/208)195
Authorizations in connection with implementation of borrowing agreement with Saudi Arabian Monetary Agency6843-(81/75)144
Consultation by eligible member to requestassistance from Trust Fund5069-(76/72)272
Consultation by member before making request under supplementary financing facility5508-(77/127)32
Consultation by member contemplating request under extended Fund facility*4377-(74/114)27
Consultation by member to request use of Fund resources under policy on enlarged access6783-(81/40)39
Consultation with members when notice of exchange policy change not received5712-(78/41)9
Consultations and proposals to Executive Board concerning sale of currencies at request ofmembers with outstanding purchases6352-(79/183)82
Consultations with lenders on means of interest payment under borrowing agreements in connection with supplementary financing facility6163-(79/96)141, 143
Deposit of currencies received by supplementary financing facility Subsidy Account with Bank for International Settlements6854-(81/78) SBS295
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)87
Discussions with members on exchange policies5392-(77/63)14
6026-(79/13)15
Participation in meetings of Development CommitteeB/G Res. 29-9312
Participation in meetings of Interim CommiteeB/G Res. 29-8308
Placement of Trust Fund investments in SDRdenominated deposits5973-(78/189) TR281
Proposal for allocation of SDRs for third basic periodB/G Res. 34-3338
Proposals for calls under General Arrangements to Borrow*1289-(62/1)108
1712-(64/29)120
Proposals for Trust Fund investments5973-(78/189) TR281
Recommendations to Executive Board regarding approval of use of Fund resources and stanaby arrangements6056-(79/38)21
Selection of currencies for payment of charges5702-(78/39) G/S99
Monetary stabilization operations, use of Fund’s resources71-217
Multiple currency practices:
Policy237-2215
649-(57/33)223
6790-(81/43)225
Prior Fund approval5712-(78/41)9
Spreads6790-(81/43)225
N “Net creditor position in the Fund”6008-(79/3)141
Nordic Investment Bank, prescription as holder of special drawing rights6488-(80/77) S243
O Oil facility424l-(74/67)69
4393-(74/121)74
4529-(74/153)74
1975 facility*4634-(75/47)75
Subsidy Account*4773-(75/136)295
Annual review and payments for financial year 19816842-(81/71)297
Borrowing4242-(74/67)188
4490-(74/140)196
4635-(75/47)193
4636-(75/47)196
474l-(75/120)195
4916-(75/208)195
4917-(75/208)195
4918-(75/208)196
4919-(75/208)197
Charges424l-(74/67)72
*4634-(75/47)76
Exclusion of purchases and holdings for purpose of definition of “reserve tranche purchase”5371-(77/51)267
Media of repayments of borrowing544l-(77/84)197
Repurchases; see Repurchases
Transferability of claims5974-(78/190)198
Meaning of “net creditor position in the Fund”6008-(79/3)141
Operational budgets:
Assessment of strength of member’s balance of payments and gross reserve position6273-(79/158) G/S78
Sales of SDRs and use of currencies6772-(81/35) G/S84
P Payments arrears3153-(70/95)211
Payments policies of members4134-(74/4)214
Payments restrictions (see also Exchange restrictions; Payments arrears):
For security reasons, Fund jurisdiction144-(52/51)203
Withdrawal or general abandonment117-1235
Petroleum; see Oil facility
“Position in the Fund,” definition6274-(79/158)80
6772-(81/35) G/S85
Prior notice to Fund, imposition of payments restrictions for security reasons144-(52/51)203
Purchase transactions (see also Use of Fund’s resources):
Augmentation of rights to purchase under stand-by and extended arrangements, elimination5706-(78/39)55
Purchases under buffer stock financing facility*2772-(69/47)64
3179-(70/102)65
5127-(76/91)66
5591-(77/163)266
5597-(77/171)61
Purchases under compensatory financing of export fluctuations2836-(69/87)266
6224-(79/135)57, 58, 59
Purchases under compensatory financing of fluctuations in the cost of cereal imports6860-(81/81)59, 61, 62
Purchases under credit tranche, see Tranche policies
Purchases under extended arrangements5508-(77/127)33
6783-(81/40)41
6830-(81/65)56, 267
6838-(81/70)51
Purchases under oil facility424l-(74/67)70
4393-(74/121)74
* 4634-(75/47)75
5371-(77/51)267
Purchases under policy on enlarged access6783-(81/40)40, 41, 43
Purchases under stand-by arrangements5508-(77/127)33
6783-(81/40)40
6838-(81/70)47
Purchases under supplementary financing facility5508-(77/127)33, 36, 37
Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a proposal6838-(81/70)54
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal*270-(53/95)45
6838-(81/70)49
Suspension, effect on borrowing arrangements*1289-(62/1)114
Suspension of transactions under extended arrangements6838-(81/70)53
Suspension of transactions under stand-by arrangements*270-(53/95)45
6838-(81/70)49
Q Quotas:
Adjustment, first interval of five years408-23
Change, effect on voting power of elected Executive Director180-5234
Reviews:
1st408-23
6th GeneralB/G Res. 29-10319
B/G Res. 31-2324
7th GeneralB/G Res. 34-2327
Sale of SDRs by Fund to members for use in quota payments6663-(80/160) S90
R Rates for official communications of Fund534-3230
Rates of exchange; see Exchange rates; Multiple currency practices
Reconstitution; see Special drawing rights, Reconstitution
Repayment by Fund of borrowed currency*1289-(62/1)110
1712-(64/29)121
4242-(74/67)189, 191
5288-(76/167)124, 126
5387-(77/61)128, 130
5509-(77/127)134, 137, 140
544l-(77/84)197
6843-(81/75)147, 149
6864-(81/81)178
Replenishment; see Article VII, replenishment of Fund’s holdings of currencies; Borrowing by the Fund
Repurchases:
Attribution of reductions in Fund’s holdings of currencies6774-(81/35)87
6831-(81/65)98
Currency resulting from purchase under credit tranches*5703-(78/39)95
Currency resulting from purchase under extended arrangement6838-(81/70)54
Currency resulting from purchase under standby arrangement6838-(81/70)49
Early, guidelines5704-(78/39)91
6172-(79/101)93
6273-(79/158)
G/S78
Guidelines for selection of currencies6274-(79/158)79
6774-(81/35)85
Obligations to pay gold, payment with SDRs or currencies of other members*5703-(78/39)96
5809-(78/88)98
Of Fund’s holdings102-(52/11)18
Procedures*5703-(78/39)95
Under buffer stock financing facility*5703-(78/39)95
1977 International Sugar Agreement5597-(77/171)68
Under compensatory financing of export fluctuations*5703-(78/39)95
6224-(79/135)58
Under compensatory financing of fluctuations in the cost of cereal imports*5703-(78/39)96
6860-(81/81)62
Under decision on enlarged access6783-(81/40)42
Under extended Fund facility*4377-(74/114)29
Repurchases (continued):
Under oil facility424l-(74/67)72
*4634-(75/47)76
Under supplementary financing facility5508-(77/127)35
Reserve assets, guidelines for determining amount to be paid in connection with subscriptions6266-(79/156)4
Reserve position, gross, assessment for purposes of designation plans, operational budgets, and early repurchases6273-(79/158)
G/S78
Reserve tranche purchases (see also Use of Fund’s resources):
Exclusion of purchases and holdings in credit tranches6830-(81/65)56, 267
Exclusion of purchases and holdings under buffer stock financing facility5591-(77/163)266
Exclusion of purchases and holdings under compensatory financing of export fluctuations2836-(69/87)266
Exclusion of purchases and holdings under compensatory financing of fluctuations in the cost of cereal imports6860-(81/81)62
Exclusion of purchases and holdings under extended facility6830-(81/65)56, 267
Exclusion of purchases and holdings under oil facility5371-(77/51)267
Exclusion of purchases and holdings under policy on enlarged access6783-(81/40)43
Exclusion of purchases and holdings under supplementary financing facility5508-(77/127)36
Restrictions; see Exchange restrictions; Payments restrictions
Retention quotas201-(53/29)205
Rule G-1*1289-(62/1)113
Rule O-2:
Determination of exchange rate* 1289-(62/1)112
5288-(76/167)124
5387-(77/61)128
5590-(77/163)100
Valuation of U.S. dollar in terms of special drawing rights6709-(80/189) S238
Rule P-7:
Declaration concerning use of special drawing rights in accordance with prescription on donations6437-(80/37) S259
Declaration concerning use of special drawing rights in accordance with prescription on forward operations6337-(79/178) S258
Declaration concerning use of special drawing rights in accordance with prescription on loans6001-(79/1) S252
Declaration concerning use of special drawing rights in accordance with prescription on pledges*6053-(79/34) S253
Declaration concerning use of special drawing rights in accordance with prescription on settlement of financial obligations*6000-(79/1) S250
Declaration concerning use of special drawing rights in accordance with prescription on swap operations6336-(79/178) S257
Declaration concerning use of special drawing rights in accordance with prescription on transfers as security for performance of financial operations*6054-(79/34) S255
Rule P-9, record of operations in special drawing rights*6000-(79/1) S250
6001-(79/1) S252
*6053-(79/34) S254
*6054-(79/34) S256
6336-(79/178) S258
6337-(79/178) S259
6437-(80/37) S259
Rule R-1 through R-6, rules for reconstitution, abrogation6832-(81/65) S264
S Saudi Arabian Monetary Agency, borrowing agreement with Fund6843-(81/75)143
Special drawing rights:
Allocation for third basic periodB/GRes. 34-3338
New participants5956-(78/180) S248
6368-(79/191) S248
Change in method of valuation, effect on claims under supplementary financing facility5509-(77/127), Annex138
Designation plans, assessment of strength of member’s balance of payments and gross reserve position6273-(79/158)
G/S78
Designation, review of rules and method of calculating amounts6209-(79/124) S260
Holders prescribed by the Fund:
Andean Reserve Fund6486-(80/77) S242
Arab Monetary Fund6609-(80/126) S245
Bank for International SettlementsB/GRes. 29-1301
6484-(80/77) S242
East Caribbean Currency Authority6487-(80/77) S243
International Bank for Reconstruction and Development6718-(81/1) S246
International Development Association6718-(81/1) S246
International Fund for Agricultural Development6489-(80/77) S244
Nordic Investment Bank6488-(80/77) S243
Swiss National Bank6485-(80/77) S245
Terms and conditions for accepting, holding, or using SDRs6467-(80/71) S239
Loans from Trust Fund expressed in5069-(76/72)274
Method of collecting exchange rates for calculation of value of SDR for purpose of Rule O-2(a)6709-(80/189) S238
Payment of subscriptions6266-(79/156)7
Reconstitution, abrogation of rules6832-(81/65) S264
Sale by Fund to members for use in quota payments under 7th General Review6663-(80/160) S90
Sales by Fund, guidelines6772-(81/35)
G/S84
SDR-denominated deposits with Bank for International Settlements5973-(78/189)
TR281
Transfers under Article V, Section 3(f)6275-(79/158)
G/S81
Transfers under Article V, Section 6(b), guide lines for selection of currencies6274-(79/158)79
6774-(81/35)85
Use in donations6437-(80/37) S259
Use in donations and loans to supplementary financing facility Subsidy Account6683-(80/185)
G/TR292
Use in forward operations6337-(79/178) S258
Use in loans6001-(79/1) S250
Use in payment of charges5702-(78/39)
G/S99
Use in payment of transferred claims under oil facility5974-(78/190)199
Use in payment of 25 per cent of quota increasesB/G Res. 31-2325
B/G Res. 34-2328, 332
Use in pledges*6053-(79/34) S252
Use in repayment of Fund’s debt to Swiss National Bank6485-(80/77) S245
Use in repurchases*5703-(78/39)97
5809-(78/88)98
Use in settlement of financial obligations*6000-(79/1) S249
Use in swap operations6336-(79/178) S256
Use in transfers as security for performance of financial obligations*6054-(79/34) S254
Valuation, change, application in borrowing under oil facility4242-(74/67)192
Valuation for use in borrowing arrangements*1289-(62/1)112
5288-(76/167)124
5387-(77/61)128
6843-(81/75)148
Valuation, interimB/G Res. 29-10318
Valuation method6631-(80/145)
G/S236
Valuation of U.S. dollar pursuant to Rule O-2(a), method6709-(80/189) S238
Stabilization of prices of primary products, Fund facility; see Buffer stock financing facility
Stand-by arrangements:
Augmentation of rights to make purchases, elimination5706-(78/39)55
Charges6838-(81/70)49
Conditionality, guidelines6056-(79/38)19
Exclusion of purchases for purposes of definition of “reserve tranche purchase”6830-(81/65)56
Extended Fund facility, relationship*4377-(74/114)29
Foreign borrowing, performance criteria6230-(79/140)23
Form under enlarged access policy6838-(81/70)46
Ineligibility*270-(53/95)44, 45
6838-(81/70)49
Payments arrears, performance criteria3153-(70/95)213
Period*270-(53/95)44
Policies and procedures*270-(53/95)44
Provision for enlarged access to Fund’s resources6783-(81/40)39
Provision for supplementary financing5508-(77/127)32
6693-(80/177)38
6725-(81/5)39
Renewal*270-(53/95)44
Repurchases; see Repurchases, Currency resulting from purchase under stand-by arrangement
Suspension of right to engage in purchase transactions*270-(53/95)45
6838-(81/70)49
Subscriptions:
Gold and currency, ownership by Fund170-33
Payment of quota increasesB/GRes. 31-2325
B/G Res. 34-2
328, 332
Reserve assets, guidelines for determining amount to be paid6266-(79/156)4
Subsidy Accounts; see Accounts, Subsidy Accounts
Sugar Agreement, International; see Buffer stock financing facility
Supplementary financing facility:
Charges; see Charges
Establishment5508-(77/127)31
Extension of period6725-(81/5)39
No augmentation of rights to purchase5706-(78/39)55
Replenishment of Fund’s holdings of currencies5509-(77/127)133
Interest payments under borrowing agreements6163-(79/96)141
Meaning of “net creditor position in the Fund”6008-(79/3)141
Report on use6445-(80/43)37
Repurchases; see Repurchases
Review of decision on establishment6693-(80/177)38
6725-(81/5)39
Subsidy Account6704-(80/185)
TR286
Instrument6683-(80/185)
G/TR287
Investment of currencies6854-(81/78)
SBS295
Surveillance over exchange rate policies5392-(77/63)10
Review of procedures6026-(79/13)15
6532-(80/93)16
6815-(81/52)16
Swiss National Bank:
Borrowing agreements with Fund5288-(76/167)123
5387-(77/61)127
Transfer charges and interest, media of payment5306-(77/2)132
5331-(77/15)132
5488-(77/116)132
Use of special drawing rights to repay indebtedness6485-(80/77) S245
Prescription as holder of special drawing rights6485-(80/77) S245
Switzerland:
Association with General Arrangements to Borrow1712-(64/29)119
T Technical assistance, Fund ready to meet requests in preparation of economic programs and measures for exchange simplification649-(57/33)224
Tin Agreements, International; see Buffer stock financing facility
Trade, Voluntary Declaration4254-(74/75)227
B/G Res. 29-10317
Tranche policies:
Application in connection with compensatory financing facility6224-(79/135)59
Application in connection with decision on enlarged access6783-(81/40)40, 43
Application in connection with oil facility4241-(74/67)71
Application in connection with supplementary financing facility5508-(77/127)
32, 36
Exclusion of credit tranche purchases for purpose of definition of “reserve tranche purchase”6830-(81/65)56, 267
Fund attitude to request for transactions within “first credit tranche” and beyond25
Transferability of claims on Fund under oil facility and supplementary financing facility6008-(79/3)141
5974-(78/190)198
Transitional provisions of Article XIV117-1235
1034-(60/27)210
Trust Fund:
Distribution of profits from sale of gold for benefit of developing countries5069-(76/72)270
5709-(78/41)
TR281
5832-(78/95)
TR282
6540-(80/98)
TR285
Diversification of investments5972-(78/189)280
5973-(78/189)
TR280
Eligible members, review of list5563-(77/150)
TR279
Final payments of profits and loans for period July 1, 1976-June 30, 19785832-(78/95)
TR282
Instrument5069-(76/72)269
Amendment5563-(77/150)
TR279
5972-(78/189)280
6793-(81/45)287
Means of payment of interest6358-(79/188)
TR284
Repayment terms:
Final loan disbursement6793-(81/45)287
Review6704-(80/185)
TR285
Second period:
Extension6466-(80/68)
TR283
6676-(80/168)
TR284
Extension of period for qualification6202-(79/121)
TR283
Timing of loan disbursements6201-(79/121)
TR282
Termination and transfer of resources to Special Disbursement Account6683-(80/185)
G/TR288
6704-(80/185)
TR285
U Unenforceability; see Exchange contracts
United Nations:
Agreement with International Monetary Fund351
Convention on the Privileges and Immunities of the Specialized Agencies359
Application to Fund379
List of members which have accepted with respect to Fund380
United States dollars:
Determination of value in terms of special drawing right pursuant to Rule O-2(a)6709-(80/189) S238
Inclusion in operational budgets6772-(81/35)
G/S85
Use for payment of interest and other Fund liabilities5288-(76/167)127
5306-(77/2)132
5331-(77/15)132
5387-(77/61)131
5488-(77/116)
132, 133
6358-(79/188)
TR284
*6863-(81/81)175
Use in payments under oil facility Subsidy Account6842-(81/71)298
Use of Fund’s resources (see also Borrowing by the Fund; Charges; Extended arrangements; Purchase transactions; Stand-by arrangements):
Application of same policy for stand-by arrangements as for requests for immediate drawings*270-(53/95)44
Authority to use resources of Fund71-217
Buffer stock financing*2772-(69/47)64
Buffer stock financing facility as applied to 1977
International Sugar Agreement5597-(77/171)67
Buffer stock financing facility as applied to International Tin Agreements:
4th3179-(70/102)65
3351-(71/51)66
5th5127-(76/9D66
Capital transfers1238-(61/43)17
Compensatory financing of export fluctuations6224-(79/135)
57, 58, 59
Conditionality, guidelines6056-(79/38)19
“Consistent with the provisions of this Agreement” in Article V, Section 3, meaning287-317
Credit tranche policies; see Tranche policies
Enlarged access, policy on6783-(81/40)39
Extended Fund’ facility*4377-(74/114)26
“First credit tranche”25
In accordance with purposes of Fund102-(52/11)18
Ineligibility:
Effect on purchases under extended arrangement6838-(81/70)53
Effect on purchases under stand-by arrangement*270-(53/95)44, 45
6838-(81/70)49
Under Article V, Section 5284-389
Under Article XXVI, Section 2(a) (Artiticle XV, Section 2(a) before Second Amendment)343-(54/47)265
Limitation under Article V, Section 5284-389
286-189
Monetary stabilization71-217
Oil facility; see Oil facility
Postponement, limitation under Article V, Section 5286-189
Reserve tranche purchases; see Reserve tranche purchases
Resumption of purchases under extended arrangement after decision of formal ineligibility or to consider such a request6838-(81/70)54
Resumption of purchases under stand-by arrangement after decision of formal ineligibility or to consider such a proposal*270-(53/95)45
6838-(81/70)49
Stand-by and extended arrangements, forms under enlarged access policy6838-(81/70)46
Suspension of exchange transaction, effect on borrowing arrangements*1289-(62/1)114
Suspension of transactions under extended arrangements6838-(81/70)53
Suspension of transactions under stand-by arrangements*270-(53/95)45
6838-(81/70)49
Temporary assistance in financing balance of payments deficits71-217
Tranche policies; see Tranche policies
Waiver of condition of Article V, Section 3(b) (iii); see Waiver of condition
Waiver of 200 per cent of quota limit*2772-(69/47)64
6224-(79/135)58
6860-(81/81)63
V Voluntary Declaration on Trade and Other Current Account Measures4254-(74/75)227
B/G Res. 29-10317
Voting power, elected Executive Directors, effect of change in quota180-5234
W Waiver of condition of Article V, Section 3(b) (iii)4241-(74/67)71
*4377-(74/114)28
5508-(77/127)36
6783-(81/40)43
World Economic Outlook, framework for discussions of international adjustment process5392-(77/63)14

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

Corresponds to Article XXXI, Section 1 of the Articles of Agreement after the Second Amendment.

Not included in this volume.

Not included in this volume.

The remainder of the provisions of this decision are no longer in effect, but see footnote to Decision No. 270-(53/95) on page 45.

See Decision No. 6830-(81/65), April 22, 1981, effective May 1, 1981, on page 267.

Corresponds to Article V, Section 3 (b) (iii) of the Articles of Agreement after the Second Amendment.

Corresponds to Article VII, Section 1 of the Articles of Agreement after the Second Amendment.

Reproduced on pages 133-34.

Reproduced on pages 26-30.

For the form of stand-by arrangements, see pages 46–51.

Corresponds to Article XXVII, Section 1 (a) (i) of the Articles of Agreement after the Second Amendment.

For the subject matter of paragraphs 5 and 6, charges for stand-by arrangements, see Rule I-8 of the Rules and Regulations in By-Laws, Rules and Regulations, Thirty-Seventh Issue, January 1, 1981.

A section of this decision, not reproduced, provides that Decision No. 102-(52/11) would continue in effect after 1953 subject to review from time to time.

The text would be adapted for a stand-by arrangement for only one year.

The text to be added will depend on the situation of the member at the time.

The performance criteria enumerated here are indicative only.

These subparagraphs would be adapted in accordance with the period of the stand-by arrangement.

The text to be added will depend on the situation of the member at the time.

The performance criteria enumerated here are indicative only.

Paragraph 1 of this decision appears on page 267.

Paragraph 2 of this decision is incorporated in paragraph 4 (a) of Decision No. 4377-(74/114), see page 28 above.

For paragraph 5, see paragraph 1 of Decision No. 5703-(78/39), reproduced on pages 95-97.

Corresponds to Article V, Section 3 (b) (iii) of the Articles of Agreement after the Second Amendment.

Refers to the Articles of Agreement in effect before the Second Amendment.

Not included in this volume.

See Rule I-6 (1) and (2) of the Rules and Regulations adopted effective April 22, 1981.

In accordance with this provision, the decision has been reviewed several times. The final review took place under Decision No. 4986-(76/47), March 18, 1976.

Not included in this volume.

Pursuant to Decision No. 6775-(81/35) G/S, adopted March 5, 1981, this decision will be reviewed early in 1982.

Corresponds to Rule G-4 of the Rules and Regulations adopted April 29, 1981, effective May 1, 1981.

Corresponds to Article V, Section 8(b), (c), and (d) of the Articles of Agreement after the Second Amendment.

The association of Switzerland has been extended until July 15, 1985 (Decision No. 6524-(80/88), June 9, 1980).

Rule O-3 is not included in this volume; it corresponds to Rule O-2 in the Fund’s By-Laws, Rules and Regulations, Thirty-Seventh Issue, January 1, 1981.

No longer in effect. For the amended Paragraph 9(b), see page 109.

Corresponds to Rule O-2 of the Rules and Regulations in By-Laws, Rules and Regulations, Thirty-Seventh Issue, January 1, 1981.

Corresponds to Rule O-2 of the Rules and Regulations in By-Laws, Rules and Regulations, Thirty-Seventh Issue, January 1, 1981.

No longer in effect. For the amended Paragraph 9 (b). see page 109.

Corresponds to Schedule K of the Articles of Agreement after the Second Amendment.

See Decision No. 5706-(78/39), reproduced on page 55.

This sentence will be worded in its final form as soon as the arrangements with paying agents have been completed.

These blanks will be filled in as soon as the arrangements with agents for the receipt of process are completed.

Yearbook of the International Law Commission of the U.N., Volume II, part 2 (1977), p. 118.

Ibid.

Ibid.

The agreement entered into force on June 1, 1981.

For the one-year Note, the text would include in the first paragraph the sentence in brackets, the alternative text in the bracket in the second paragraph, the third paragraph in brackets, and the Record of Interest Payment at the end.

Corresponds to Article VII, Section 1 (i) of the Articles of Agreement after the Second Amendment.

Corresponds to Article VII, Section 1 (i) of the Articles of Agreement after the Second Amendment.

Corresponds to Rule O-2 of the Rules and Regulations in By-Laws, Rules ana Regulatiom, Thirty-Seventh Issue, January 1, 1981.

Corresponds to Rule O-2 of the Rules and Regulations in By-Laws, Rules and Regulations, Thirty-Seventh Issue, January 1, 1981.

Corresponds to Schedule K of the Articles of Agreement after the Second Amendment.

Corresponds to Article XXIX of the Articles of Agreement after the Second Amendment.

Corresponds to Article VII, Section 1 (i) of the Articles of Agreement after the Second Amendment.

Corresponds to Article XXIX of the Articles of Agreement after the Second Amendment.

Corresponds to Article XIV, Section 1 of the Articles of Agreement after the Second Amendment.

Refers to the Articles of Agreement in effect before the Second Amendment.

Refers to the Articles of Agreement in effect before the Second Amendment.

These conclusions concerning the Fund’s jurisdiction and the obligation of members apply to all members including those for whose currencies par values have not been established.

Corresponds to Article XIV, Section 3 of the Articles of Agreement after the Second Amendment.

Refers to the Articles of Agreement in effect before the Second Amendment.

Corresponds to Article XIV, Section 3 of the Articles of Agreement after the Second Amendment.

Not included in this volume.

Corresponds to Article XIV, Section 3 of the Articles of Agreement after the Second Amendment.

The BIS was prescribed as a holder of SDRs by Board of Governors Resolution No. 29-1, effective January 21, 1974.

See also Decision No. 6273-(79/158) GIS, September 14, 1979, on pages 78-79.

Corresponds to Article XXIX (a) of the Articles of Agreement after the Second Amendment.

Corresponds to Article XXVI, Section 2 (a) of the Articles of Agreement after the Second Amendment.

Not included in this volume.

Corresponds to Article XXX (c) (i) of the Articles of Agreement after the Second Amendment.

For information on paragraphs 2-4, see page 56.

See Annual Report of the Executive Directors for the Fiscal Year Ended April 30, 1976, pages 116-17.

See Annual Report of the Executive Directors for the Fiscal Year Ended April 30, 1976, pages 116-17.

See Annual Report of the Executive Board for the Financial Year Ended April 30, 1978, pages 131-32.

The paper and its supplement are not included in this volume.

Not included in this volume.

Interest due in 1977, 1978, and on June 30, 1979 was paid in U.S. dollars pursuant to decisions adopted in 1977, 1978, and on June 18, 1979.

Not included in this volume.

Not included in this volume.

Not included in this volume.

Not included in this volume.

In accordance with this provision, the decision has been reviewed on several occasions. For the 1981 review, see Decision No. 6842-(81/71), April 30 1981, which follows.

Not included in this volume.

The Bank for International Settlements adhered to this Resolution in accordance with paragraph 11 above by letter dated January 30, 1974.

Annual Report of the Executive Directors for the Fiscal Year Ended April 30, 1974, pages 116-18, 119.

Not included in this volume.

See pages 324-26.

Adopted by the Board of Governors, effective December 11, 1978, and designated No. 34-2.

Corresponds to Article XVIII, Section 4(c) of the Articles of Agreement after the Second Amendment.

Because the percentage is to be rounded to the nearest one tenth of one percentage point, an allocation could in practice exceed or fall short of the desired amount by not more than one-twentieth of one percentage point of total quotas, i.e., a difference in absolute terms that would not be greater than about SDR 19 million on the basis of quotas at the present time.

For a participant to be able to “opt out,” in accordance with Article XVIII, Section 2 (e), it must not have voted in favor of the resolution and must inform the Fund before the first allocation under the resolution that it does not wish to receive allocations under that resolution.

See pages 333-37.

Adopted by the Board of Governors, effective December 11, 1978, and designated No. 34-3.

The Agreement came into force November 15, 1947.

The Convention was adopted by the United Nations General Assembly on November 21, 1947. The Executive Directors of the Fund accepted the standard clauses of the Convention and approved Annex V with respect to the Fund on April 11, 1949. The Annex became effective on May 9, 1949, when it was received by the United Nations.

China accepted the Convention with respect to the Fund as of June 30, 1981.

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.

    Other Resources Citing This Publication