Chapter

Article XX, Section 4(i)

Author(s):
International Monetary Fund
Published Date:
September 1963
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Use of Fund’s Resources: Postponement Under Article XX, Section 4(i)

The Fund has, in the case of a member which has had no previous exchange transaction with the Fund, the power to postpone exchange transactions with it if its circumstances are such that, in the opinion of the Fund, they would lead to the use of the resources of the Fund in a manner contrary to the purposes of the Agreement or prejudicial to the Fund or its members. This power did not lapse as of the date the Fund began exchange transactions.

Decision No. 284-2

March 10, 1948

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