Selected Decisions (8th Ed)

Article XII, Section 6: Establishment of a General Reserve from Net Income

International Monetary Fund
Published Date:
May 1976
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On April 30, 1958 and at the end of each month thereafter until further action by the Executive Directors or Board of Governors, the net income of the Fund shall be transferred provisionally to a General Reserve. At the next Annual Meeting it shall be recommended to the Board of Governors that it note with approval the establishment of the General Reserve and the allocation to such reserve of the net income for the fiscal year ended April 30, 1958.

Decision No. 753-(58/17)

April 14, 1958

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