Back Matter

Back Matter

Author(s):
International Monetary Fund. Legal Dept.
Published Date:
August 2016
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Index

A

  • Access policy

    • Poverty Reduction and Growth Trust 200

  • Access policy, use of Fund resources

    • access guidelines and limits in credit tranches and under Extended Fund Facility 434

    • balance of payments needs 421

    • capital account crises 437

    • capital account crises, modifications to Supplemental Reserve Facility 443

    • capital account crises, prevention 457

    • exceptional circumstances 438, 449

    • exceptional circumstances, review 448

    • Flexible Credit Line 334

    • modifications to Supplemental Reserve Facility 443

    • Rapid Financing Instrument 409, 410

    • review 443

  • Accounting by members

    • ownership of gold and currency subscriptions 17

  • Administered Account

    • interim account for windfall gold sales profits 201

  • Administrative Account

    • balances 862

    • reserve tranche position 862

  • African Development Bank

    • communication concerning members arrears to the Fund 841

    • exchange of document 728

    • prescribed holder of SDRs 804

  • African Development Fund 804

  • Andean Reserve Fund

    • prescribed holder of SDRs 804

  • Annual Report (IMF) 250

  • Anti-money laundering

    • effectiveness, review of program (2011) 132

    • FSAP framework 133

  • Anti-money laundering and CFT

    • review of strategy, 2014 135

  • Arab Monetary Fund

    • exchange of documents with 728

    • prescribed holder of SDRs 804

  • Archives policy

    • access by outside persons 686

  • Arrears

    • lending into arrears to official creditors 422

    • lending into arrears to private creditors 426, 428

    • settlement of disputes between members 433

  • Arrears of a member to creditors other than the Fund

    • debt strategy 421

    • extended arrangements, performance criterion 370

    • first credit tranche 420

    • Fund lending into nonsovereign arrears 427

    • Fund lending into sovereign arrears 428

    • Fund policies and procedures 420

    • non-toleration of arrears to official creditors 422

    • performance criteria 427

    • stand-by arrangement, performance criterion 370

  • Article I, purposes of the Fund 302, 574, 579

  • Article I, Section 1(iii), manipulation of exchange rates 40

  • Article II, Section 2 membership 18

  • Article III, Section 2, adjustment of quotas 1

  • Article IV consultations

    • 2012 Decision on Bilateral and Multilateral Surveillance 36

    • ad hoc consultations 37

    • Article VIII restrictions 582

    • Article XIV restrictions 582

    • bilateral and multilateral consultations 24

    • Central African Economic and Monetary Union 50

    • conditionality discussions 310

    • data provision 603

    • document exchange with WTO 720

    • Eastern Caribbean Currency Union 52

    • euro area 47, 49

    • European Central Bank, observer status 717

    • evaluation and review of related programs 310

    • governance issues 64, 69

    • macro-financical surveillance 42

    • multiple currency practices 586

    • Post-Program Monitoring 464

    • procedural deadlines for completion 405

    • use of Fund resources 310

    • World Bank, collaboration with 713

    • World Bank, observer status 707

    • World Trade Organization, observer status 724, 940

  • Article IV, Section 1, general obligations of members 28

  • Article IV, Section 1, principles for guidance of members policies 23, 27

  • Article IV, Section 1(iii) 34

  • Article IV, Section 2, notification of exchange arrangements 21

  • Article IV, Section 3, surveillance over exchange arrangements 28

  • Article IV, Section 3(a), surveillance over exchange rate policies 27

  • Article IV, Section 3(a), surveillance over exchange rate policies 30, 726

  • Article IV, Section 3(b), surveillance over exchange rate policies 726

  • Articles of Agreement

    • amendment, Resolution 66-25

  • Article V, Section 1, designation of fiscal agency 531

  • Article V, Section 2(b) 201

  • Article V, Section 2(b), financial and technical services 137

    • gold sale profits 201

    • interim administered account for remaining windfall gold sale profits 205

  • Article V, Section 3, conditions governing use of Funds general resources application of Fund policies to purchases of currency borrowed by Fund 475, 528

    • early repurchase guidelines 475

    • meaning of with the provisions of this agreement, Article V, Section 3 302

  • Article V, Section 3(b)(ii)

    • balance of payments need 229

  • Article V, Section 3(b)(iii), waiver of limitation of 200 percent of quota

    • Extended Fund Facility 367

  • Article V, Section 3(d), operational budgets

    • assessment of strength of members balance of payments and gross reserve position for operational budgets 465, 470

    • selection of currencies in purchases 467

  • Article V, Section 3(f), transfers of SDRs 466

  • Article V, Section 5, limitation on use of Funds resources 341

  • Article V, Section 6(b), transfers of SDRs by the Fund 470

  • Article V, Section 6(c), sales of SDRs by the Fund 474

  • Article V, Section 7(b), early repurchases

    • assessment of strength of members balance of payments and gross reserve position 465, 475

  • Article V, Section 7(c), repurchases 477

  • Article V, Section 7(i), selection of currencies for repurchases 470, 478

  • Article V, Section 8, charges 481

  • Article V, Section 8(a), charges 485, 487

  • Article V, Section 8(b), charges 477, 485, 487, 862

  • Article V, Section 8(c), charges 481, 484, 487

  • Article V, Section 8(d), charges 481

  • Article V, Section 8(e), charges 481

  • Article V, Section 9(a), remuneration 862

  • Article V, Section 11, maintenance of value 497

  • Article V, Section 12(f), other operations and transactions

    • gold sales 520, 866

  • Article V, Section 12(f)(ii), Special Disbursement Account (SDA) resources for assistance to low-income developing members 499

  • Article V, Section 12(h), investment of members currency held in SDA 499

  • Article V, Section 12(j), adoption of regulations for administration of Structural Adjustment Facility 499

  • Article VI, capital transfers

    • use of Fund resources for 522

    • WTO, information on Fund decisions requesting a member to exercise controls to prevent a large or sustained outflow of capital 935

  • Article VI, Section 1, use of Funds resources for capital transfers

    • freedom to adopt regulations on capital movements 523

  • Article VI, Section 2 of the Articles of Agreement of the Bank 889

  • Article VI, Section 3, controls on capital transfers 523

  • Article VII, Section 1, replenishment and scarce resources

    • borrowing by the Fund 524

  • Article VII, Section 3(b), scarce currency 573

  • Article VIII, general obligations of members

    • acceptance of obligations 581

    • bilateralism 574

    • bilateral payments arrangements 371

    • consultations, World Bank observer 707

    • payments restrictions 574, 578

    • restrictions 581

    • retention quotas 577

  • Article VIII, Section 2, avoidance of restrictions on current payments

    • acceptance of obligations under 579

  • Article VIII, Section 2(a)

    • restrictions on current payments and transfers 573

    • undue delays as payment restrictions 581

  • Article VIII, Section 2(b), unenforceability of exchange contracts

    • interpretation 571

  • Article VIII, Section 3, avoidance of discriminatory currency practices

    • acceptance of obligations under 577, 579

    • multiple currency practices 579, 587, 588

  • Article VIII, Section 4, convertibility of foreign-held balances

    • acceptance of obligations under 581

  • Article VIII, Section 5, furnishing of information to the Fund

    • declaration of censure 599

    • handling of potential breaches 608

    • members obligations 595

    • procedures prior to report by the Managing Director to the Executive Directors 596

    • review, 2008 607

    • sanctions 600

    • strengthening effectiveness of 595, 604

  • Article IX, Section 5, immunity of archives 686

  • Article IX, Section 7, privilege for communications, interpretation 691

  • Article X, relations with other international organizations 905

  • Article XII, Section 3(b), proposed amendment 12

  • Article XII, Section 3(b)(i), voting by Executive Directors 16

  • Article XII, Section 3(c), election of Executive Directors 16

  • Article XII, Section 3(c), proposed amendment 13

  • Article XII, Section 3(d), proposed amendment 13

  • Article XII, Section 3(f), appointed Executive Directors

    • Alternate Executive Directors, additional 9

  • Article XII, Section 3(f), proposed amendment 13

  • Article XII, Section 3(i), proposed amendment 13

  • Article XII, Section 3(i)(ii), voting by Executive Directors 16

  • Article XII, Section 3(j) 693

  • Article XII, Section 3(j), proposed amendment 14

  • Article XII, Section 4, Managing Director and staff 742

  • Article XII, Section 6, reserves, distribution of net income, and investment 743

  • Article XII, Section 6(d)

    • partial distribution of windfall gold sale profits 201

  • Article XII, Section 6(f)(ii) 756

  • Article XII, Section 6(f)(vi) 202

  • Article XII, Section 6(f)(ix) 202

  • Article XII, Section 7, publication of reports 760

  • Article XII, Section 7(a) 787, 909

  • Article XII, Section 8 775

  • Article XII, Section 8, proposed amendment 14

  • Article XIII, Section 2 564

  • Article XIV, exchange restrictions under transitional arrangements

    • availment of transitional provisions 579

    • bilateralism 574

    • commitment to current account convertibility 581

    • multiple currency practices 577

    • retention quotas 576

  • Article XIV, Section 2, exchange restrictions

    • maintenance of orderly exchange arrangements 587

    • multiple currency practices 587

    • restrictions related to national security 573

    • transitional arrangements 571, 575

    • undue delays as payments restrictions 581

  • Article XIV, Section 3, representation by the Fund

    • application 588

    • meaning of exceptional circumstances 589

  • Article XIV, Section 3 788

  • Article XVII, Section 3 201

  • Article XVII, Section 3, other holders of SDRs 801

  • Article XVIII 808

  • Article XVIII, Section 1(a), principles and considerations governing SDR allocation and cancellation 809

  • Article XVIII, Section 4(c)

    • allocation and cancellation of SDRs 810

  • Article XIX, Section 2(c), SDR operations and transactions between participants

    • donations 821

    • forward operations 820

    • loans 813

    • other holders 801

    • pledges 815

    • settlement of financial obligation 812

    • swap operations 819

    • transfers as secruity for the performance of financial obligations 817

  • Article XIX, Section 4, limit on SDR Department participants obligation

    • to provide currency 528

  • Article XIX, Section 5, designation of participants to provide currency 823

  • Article XIX, Section 5(a)(i), designation plans 465, 826

  • Article XIX, Section 5(c), designation rules in SDR Department 826

  • Article XIX, Section 6(b), reconstitution 828

  • Article XIX, Section 7(a), calculation of exchange rates 530, 812, 813, 815, 817, 819

  • Article XX, Section 1, interest paid on holding of SDRs 801

  • Article XX, Section 2, SDR Department interest and charges 829

  • Article XX, Section 5, application against unpaid charges of SDRs acquired by participants after payment date 830

  • Article XXI(a)(ii), proposed amendment 14

  • Article XXIII, Section 1, suspension of operations and transactions in SDRs 803

  • Article XXIV, Sections 1(a) and 1(b) 808

  • Article XXIV, Section 4 808

  • Article XXVI, Section 2(b) 884, 889

  • Article XXVI, Section 3, withdrawal from membership 532

  • Article XXIX, interpretation

    • New Arrangements to Borrow, interpretation outside the purview of Article XXIV 533

    • unenforceability of exchange contracts 525

  • Article XXIX(a), interpretation

    • authority of the Fund to use its resources 302, 879

    • privilege for communications, Article IX, Section 7 691

      • unenforceability of exchange contracts under Article VIII, Section 2(b) 571

    • Article XXIX(a), proposed amendment 15

    • Article XXX(c), definition of reserve tranche purchase

      • exclusion of purchases and holdings from EFF 862

    • Article XXX(c)(iii), exclusion of purchases and holdings in credit tranches or under extended arrangements 862

    • Article XXX(f), freely usable currencies 863

    • Asian Development Bank

      • communications concerning members arrears to the Fund 841

      • exchange of documents with 728

      • prescribed holder of SDRs 804

    • Attribution, rule of

      • members indebted to Fund 471

      • reduction in Funds holdings of currency 479

    • Audit

      • external audit firm rotation 787

      • framework Administered Account 140

      • PRGF-HIPC Trust 248, 258

      • safeguards for use of Fund resources 303

      • Supplementary Financing Facility Subsidy Account 866

    • Authorized Fund signatories 742

B

  • Balance of payments need

    • conditionality 303

    • Fund-supported programs 305

    • lenders to ESAF Trust, need because of developments in reserves 223,247

    • Precautionary and Liquidity Line 384

    • protracted balance of payments problems 501

    • Rapid Financing Instrument 408

  • Bank for International Settlements (BIS)

    • investment by Fund of currencies held by Borrowed Resources Suspense Accounts 564

    • investment by Fund of currencies received by SFF Subsidy Account 874

    • prescribed holder of SDRs 803

  • Bank-Fund collaboration

    • debt sustainability assessments 716

    • IMF-World Bank Concordat 696

    • World Bank observer status 708

  • Bank of Central African States

    • prescribed holder of SDRs 804

  • Bilateralism and convertibility 574

  • Bilateral payments arrangements

    • stand-by arrangement 371

    • three-month settlement rule, temporary exemption 575

  • Blackout periods

    • General Resources Account arrangements 327

  • Board of Governors Resolutions

    • Composite Resolution 881

    • quota and voice reform 1

    • SDR allocation, First Basic Period 808

    • SDR allocation, Ninth Basic Period 810

    • SDR allocation, Third Basic Period 809

  • Borrowed Resources Suspense Accounts

    • establishment 563

    • investment by the Fund of currencies held in 564

  • Borrowing by the Fund

    • guidelines 565

    • proposed modalities for 2012 567

  • Burden sharing

    • implementation in FY 2000 487

    • implementation in FY 2001 490

    • implementation in FY 2007 492

    • rate of charge, determination of 490

  • By-Laws

    • Section 20, audits 140, 245, 250, 787, 873

    • Section 22, compulsory withdrawal 842, 845, 846

C

  • Capital account crises

    • access policy 437

    • exceptional access policy, 2004 review 448

    • exceptional access policy, SRF 443

  • Capital flows

    • action to limit disequilibrium flows, Composite Resolution 896

    • institutional view of liberalization and management 55

    • role of the Fund 58

    • WTO, information on Fund decisions requesting a member to exercise capital controls 939

  • Capital transfers

    • controls by members 523

    • multiple currency practices applicable solely to 585

    • use of Funds resources for 586

  • Caribbean Development Bank (CDB) 728

  • Catastrophe Containment and Relief Trust

    • instrument to establish 284

    • Qualifying Public Health Disaster, definition 291

    • transformation of Post-Catastrophe Debt Relief Trust 217

    • transformation of the Post-Catastrophe Debt Relief Trust 282

    • Umbrella Account, terms and conditions for administration 298

  • Censure

    • draft declaration 843

  • Central African Economic and Monetary Union

    • surveillance over monetary and exchange rate policies 50

  • Charges

    • accounting for charges from members with overdue obligations 481

    • administrative account balances 862

    • extended arrangements 372

    • future changes in charges 481

    • media of payment in General Resources Account 483

    • payment by nonparticipant in the SDR Department 483

    • payment of net charges and assessment in the SDR Department for FY ended April 30, 1982 829

    • setoff in connection with a retroactive reduction of charges due by members in arrears 487

    • special charges on overdue financial obligations to the Fund 484, 486

    • stand-by arrangements 372

    • surcharge on purchases in credit tranches and under the EFF 481

    • value date for payments of special charges 486

    • waiver of special charges 485

  • Chinese renminbi

    • currency weights from October 16, 2016 798

  • Code of Good Practices on Transparency in Monetary and Financial Policies 348

  • Collateral 643

  • collateral guarantees on debt, international reserves template 643

  • Committee on Reform of the International Monetary System Composite Resolution 881

  • Communications, privilege for interpretation of Article IX, Section 7 691

  • Compensatory Financing Facility

    • indicative targets 307, 308, 309

    • repeal 336

    • repurchase expectation 475

    • repurchases 475

  • Compulsory withdrawal 845, 846, 847

  • Concessional financing

    • eligibility to use Funds facilities 514

  • Conditionality

    • benchmarks 307, 308, 309

    • consistency with WTO agreements with Fund member 722

    • consultation clauses 307

    • emergency financing mechanism 459

    • financing assurance reviews 309

    • first credit tranche 360

    • floating tranches 310

    • guidelines on 303

    • individual circumstances of members 304

    • letters of intent 307

    • modalities 306

    • monetary policy consultation clause (MPCC) 329

    • monetary policy regimes 329

    • national ownership 304

    • outcomes-based 306

    • ownership 304, 352

    • performance criteria 308

    • performance criteria and phasing, relationship 311

    • performance criteria with respect to foreign borrowing 326

    • PRGF-ESF arrangements 362

    • principles 303

    • prior actions 308, 339, 343, 362

    • program design 304

    • program review 308

    • public debt limits 316

    • review, 2012 313

    • stand-by arrangement, normal access to credit tranches 359

    • streamlining 361, 363

    • structural benchmarks 307

    • structural performance criteria inapplicable 332

    • waiver, adopting measures prior to granting of 307

    • waiver, nonobservance of performance criteria 310

  • Confidentiality

    • exchange of documents with other international agencies 727

    • FSAP Confidentiality Protocol 113

    • side letters 336

  • Consultation clause

    • stand-by arrangements 372

  • Consultations other than under Article IV

    • acceptance of obligations of Article VIII, Sections 2, 3, and 4 579

    • Article VIII restrictions 573, 574

    • Article XIV restrictions 574, 577, 707

    • bilateral agreements 574

    • competitive depreciation 583

    • conditionality, consultation clauses 307

    • multiple currency practices 577

    • prescribed holders of SDRs 802

    • PRGF-ESF, consultation with creditors 226

    • sale of members currencies 466

    • trade and payments restrictions, escalation 583

    • United Nations 907, 909

    • World Trade Organization 720

  • Contingent Credit Lines (CCLs)

    • extended arrangements and 373

  • Convertibility

    • acceptance of obligations of Article VIII, Sections 2, 3, and 4 578

    • bilateralism 574

    • currency 576, 578

    • current account of the balance of payments 578, 580

    • retention quotas 575

  • Cross-conditionality

    • avoidance 706

  • Currencies

    • attribution of reduction of Funds holdings 479

    • charges on Funds holdings in excess of quota 481

    • freely usable 803, 863, 871

    • General Resources Account 465, 470, 483, 496

    • guidelines for operational budget allocation of currencies, review 468

    • maintenance of value 496

    • repurchases 476

    • reserve asset payments 19

    • sale of currencies of members with outstanding purchases 466, 468

    • subscription to the Fund, ownership 17

    • use in operational budgets 465

  • Current international transactions (current account transactions)

    • bilateralism 574

    • multiple currency practices 585

    • payments arrears 421

    • restrictions involving WTO members 723, 939

    • restrictions on payments and transfers 574, 578

    • undue delays in availability or use of foreign exchange 581

D

  • Data provision to the Fund

    • for surveillance 603

  • Data provision to the Fund for surveillance

    • review, 2008 607

    • review, 2012 611, 612

  • Data Standards Initiative

    • ninth review, 2015 124

  • Debt limits

    • policy in Fund-supported programs review, 2013 323

  • Debt operations

    • condition precedent clauses 433

    • management of the debt situation 433

    • mandatory prepayment 433

  • Debt-service ratio 271

  • Debt strategy

    • payments of arrears to creditors 419, 421, 581

  • Debt sustainability assessments 714

    • Fund-Bank collaboration 714

  • Debt sustainability framework

    • low-income countries 214

  • Declaration of censure 841

  • Declaration of ineligibility 845, 847

    • overdue financial obligations to the Fund 840

    • publicity 857

    • termination 857

    • timing 852

  • Declaration of noncooperation 841

    • draft declaration 845

    • publicity upon withdrawal 858

    • termination 857

    • timing 852

  • De-escalation of remedial measures 858

  • Default, sovereign 426, 460

  • Designation, SDR Department

    • acceptance limit 825

    • assessment of strength of balance of payments and governance position 465

    • rules for designation, review 823

    • rules for designation, revision 826

  • Development Committee (Joint Ministerial Committee on the Transfer of Real Resources to Developing Countries)

    • changes in the organization of work and structure of the Secretariat function 901

    • establishment and composition 888

    • Executive Directors participation in meetings 890

    • HIPC Initiative 251, 259

    • Managing Directors participation in meetings 890

    • procedures 891

    • rules of procedure 900

    • WTO observer 724

  • Discrimination

    • balance of payments reasons 578

    • disputes between members, comparable treatment of creditors 421

    • multiple currency practices 591

    • nondiscriminatory treatment of members, use of general resources 304

  • Disputes between members

    • role of the Fund 433

E

  • Early repurchases

    • guidelines 475

    • members balance of payments and gross reserve position 475

  • Easing work pressures

    • omnibus paper 401

  • East African Development Bank

    • prescribed holder of SDRs 804

  • East Caribbean Currency Authority

    • prescribed holder of SDRs 804

  • Eastern Caribbean Central Bank

    • prescribed holder of SDRs 804

  • Eastern Caribbean Currency Union

    • surveillance over monetary and exchange rate policies 52

  • Economic Development Document

    • Poverty Reduction and Growth Trust 220

  • Emergency assistance

    • post-conflict countries 236

    • PRGF-HIPC Trust qualification 237

    • repeal and replacement by Rapid Financing Instrument 410

    • repurchase 476

  • Emergency financing mechanism (EFM)

    • conditions for activation 461

    • early repurchase 463

  • Enhanced General Data Dissemination Standard (e-GDDS)

    • endorsed by Executive Board 125

    • Enhanced General Data Dissemination Standard (eGDDS)

    • access by the public 676

    • automated monitoring arrangements 683

    • dimensions 667

    • Dissemination Standards Bulletin Board 682

    • implementation 681

    • integrity and credibility 677

    • purposes and framework 667

    • quality 680

    • reviews and withdrawal 685

  • Enhanced Structural Adjustment Facility (ESAF) Trust (transformed in to Poverty Reduction and Growth Facility (PRGF) Trust)

    • blend of general and SAF/ESAF resources 855

    • borrowing for Loan Account, consultation with creditors 227

    • eligible members 507

    • establishment 227, 515

    • gold pledge 855

    • gold, use of 228

    • legal documentation 229

    • loans in conjunction with SAF loans 504

    • loans to Trust as members official reserves 229

    • operational agreements 227

    • overdue financial obligations to Fund 836

    • performance criteria 225

    • prior actions 345

    • rescheduling not available 228

    • rights accumulation program 855

    • Structural Adjustment Facility, assistance in conjunction with 504

    • Subsidy account 227

    • transformation to PRGF Trust 223

    • use of SDRs 806

  • Enhanced surveillance

    • Article VIII obligations 581

  • Enlarged access

    • repurchases 437

  • Euro

    • currency weights from October 16, 2016 798

    • freely usable currency 863

    • rates for computation and maintenance of value 497

  • Euro area members

    • surveillance over monetary and exchange rate policies 49, 717

  • European Bank for Reconstruction and Development (EBRD)

    • exchange of documents with 728, 730

  • European Central Bank (ECB)

    • observer status 717

  • European Commission (EC)

    • Article IV consultations 49

    • exchange of documents with 728, 732

  • European Investment Bank (EIB)

    • exchange of documents with 728

  • Exceptional access policy 438

  • Exchange arrangements

    • exchange taxes and subsidies, notification 22

    • flexible, notification of significant decision 22

    • intervention 22

    • multiple currency practices, prior Fund approval 22

    • notification of 21

  • Exchange contracts

    • unenforcability, Funds interpretation of Article VIII, Section 2(b) 571

  • Exchange controls

    • nonsovereign arrears stemming from imposition 427

  • Exchange of documents with other international agencies

    • ad hoc requests 729

    • Article IV consultation staff reports 724, 729

    • changes in procedures 729

    • criteria for access 727

    • Recent Economic Developments reports 725

    • technical assistance reports 726

    • use of Fund resources staff papers 729

  • Exchange rate policies

    • euro area 47

  • Exchange rates

    • coherence in global policymaking 721

    • computations and maintenance of value 496

    • computations and maintenance of value (value date) 496

    • fixed 586

    • floating guidelines 895

    • fluctuating 22, 586

    • General Arrangements to Borrow 530

    • New Arrangements to Borrow 531

    • unification in multiple rate systems 591

  • Exchange restrictions

    • approval by Fund 582

    • Article VIII, Section 2, 3, and 4 obligations 579

    • avoidance of escalation 583

    • balance of payments reasons 580

    • bilateralism 574

    • competitive depreciation 583

    • consultations with Fund 579, 583

    • discrimination for balance of payments reasons 578

    • Fund representation in exceptional circumstances under Article XIV, Section 3 589, 788

    • guiding principle on whether a measure is an exchange restriction 579

    • non-balance of payments reasons 580

    • performance criteria, stand-by arrangement 370

    • retention quotas 575

    • security reasons 573

    • transitional arrangements under Article XIV 576, 579

    • undue delays 523, 581

    • World Trade Organization, information on Fund approval 939

  • Exchange subsidies 22

  • Exchange taxes 22, 586, 590

  • Executive Board

    • Alternate Executive Directors, additional 9

    • Code of Conduct 733

    • meetings, procedural guidelines 739

    • notification of exchange arrangements 21

    • reform of, Resolution 66–2 5

    • report on Eleventh General Review of Quotas 1, 336

    • side letters procedures 336

  • Executive Directors

    • IMFC meetings participation 883

    • voting power, effect of adjustment of quota 733

  • ex post assessments

    • press releases 777

  • Ex-post assessments

    • discontinued 407

  • Extended arrangements

    • charges 372

    • completion of reviews 377

    • Consultation clauses 372

    • form, standard 373

    • ineligiblity 833

    • misreporting and noncomplying purchases 340, 344

    • overdue financial obligations to the Fund 833

    • phasing 373

    • structural performance criteria not applicable 332

  • Extended Fund Facility applicable situations 365

    • arrangements for periods not exceeding four years 366

    • charges 367

    • form of extended arrangement 373

    • phasing of purchases 367

    • repurchases 367

    • review 368

    • stand-by arrangement policies applicable 367

    • waiver of conditions of Article V, Section 3(b)(iii) 367

  • External Audit Committee 787

  • External audit of Fund financial statements 787

  • External debt

    • management of debt situation 433

  • External debt performance criteria concessionality, definition 326

    • stand-by arrangement 370

F

  • Financial Action Task Force

    • Fund collaboration with 134

  • Financial Action Task Force (FATF)

    • endorsement of methodology 131

    • Fund collaboration with 132

  • Financial Sector Assessment Program (FSAP)

    • Bank-Fund collaboration 113

    • Confidentiality Protocol 113

    • coverage of macroprudential frameworks 111

    • Financial Stability Assessments (FSSAs) 109

    • offshore financial centers (OFCs) 126

    • review, 2014 111, 153

    • stability assessments, mandatory 109

  • Financial Stability Board

    • membership of the Fund 730, 732

  • First credit tranche purchase

    • elimination of payments arrears 420

    • liberal Fund attitude 360

    • reasonable efforts test 360, 420

  • First credit tranche stand-by arrangements

    • phasing and performance clauses omitted 360

  • Fiscal agency

    • safeguards on use of Fund resources when fiscal agent not central bank 348

  • Flexible Credit Line

    • ARA metric 396, 400

    • Emergency Financing Mechanism procedures not applicable 380

    • establishment 377

    • indicators of institutiional strength 396

    • indicators of institutional strength 400

    • performance criteria not applicable 378

    • phasing not applicable 378

    • qualification criteria 377

    • review (2011) 389

    • review, 2014 392, 397

    • review no later than November 2014 388

  • Forms

    • draft declaration on censure or noncooperation 845

    • draft first letter to all Governors regarding a members overdue financial obligations to the Fund 843

    • draft second letter to all Governors regarding a members overdue financial obligations to the Fund 844

    • extended arrangement 373

    • stand-by arrangement 368

  • Fourteenth General Review of Quotas 5

  • Fragile situations, countries in

    • unique challenges 211

  • Framework Administered Account for Selected Fund Activities

    • instrument to establish 142

  • Framework Administered Account for Technical Assistance Activities

    • adoption of Instrument to establish 138

    • Instrument to establish 137

    • investment of resources 139

    • Pacific Financial Technical Assistance Centre Subaccount 141

  • Freely usable currency

    • renminbi 796

  • Fund-Bank collaboration

    • attendance at Fund Board Meetings 707

  • Furnishing of information to the Fund 340, 595

G

  • G-20 mutual assessment process 120

    • role of the Fund 120

  • General Agreement on Tariffs and Trade (GATT)

    • Fund collaboration with 719, 896

    • import restrictions for balance of payments reasons 580

    • Voluntary Declaration on Trade and Other Current Account Measures 896

  • General Arrangements to Borrow (GAB) 524

    • borrowing by the Fund, guidelines 565

    • emergency financing mechanism 459

    • interest 503

    • letter from Frances Minister of Finance to U.S. Secretary of the Treasury 536

    • participants and amounts of credit 534

    • quotas, Eleventh General Review 1

    • repayment by the Fund 528

    • sales of currencies of members indebted to Fund 471

    • transferability of claims 531

    • use of credit arrangements for nonparticipants 534

  • General Data Dissemination System (GDDS)

    • phased approach 666

    • purposes 665

  • General Resources Account (GRA)

    • adjustment of Fund holdings of members currency 497

    • annual reimbursement of PRGF-ESF Trust expenses 521

    • designation, assessment of strength of members balance of payments and gross reserve position 465

    • gold held, sale 520

    • maintenance of value 497

    • media payment in 483

    • misreporting and noncomplying purchases 340

    • overdue charges 485

    • rates for computation and maintenance of value 496

    • repayment expectation under PRGF Trust, failure to meet 223

    • rights approach 855

    • rules, applicability to PRGF Trust administration 224

    • sale of currencies at the request of members with outstanding purchase 468

    • sale of SDRs by the Fund for payment for increase in quota 474

    • specification of currencies by the Fund 470

    • Subsidy Account, reimbursement of administrative expenses 872

    • transfers of SDRs instead of currencies under Article V, Section 3(f) 466

  • Gold

    • gold pledge for use of ESAF Trust resources 855

    • harmonization of excess holdings of SDRs 824

    • interim administered account for remaining windfall gold sales profit 205

    • interim administered account for windfall gold sales profits 201

    • ownership of gold and currency for subscriptions 17

    • payment for repurchases 478

    • use of gold sales profits in Investment Account 759

  • Governance issues

    • Article IV consultations 69

    • corruption 65, 67, 68

    • HIPC Initiative 260

    • macroeconomic impact test for Fund involvement 65, 70

    • policy advice 64, 66

    • role of the Fund 665, 666

    • technical assistance 64

    • technical issues 64, 66

    • transparency 64, 68

    • use of Fund resources 70

  • Gross reserve position

    • assessment for purposes of designation plans, operational budgets, and early repurchases 468

  • Guidelines

    • access by members to Fund’s general resources 434

    • allocation of currencies, operational budget 468

    • borrowing by the Fund 565

    • conditionality 303, 360

    • corrective action 340, 345

    • designation plans 465

    • early repurchases, guidelines 475, 479

    • Fund staff collaboration with the WTO 719

    • governance issues 64

    • misreporting and noncomplying purchases 340

    • operational budget 465

    • payment of reserve assets for subscription 17

    • performance criteria and phasing 311

    • performance criteria with respect to foreign borrowing, discount rate for assessing concessionality 326

    • public debt conditionality 318

    • SDR valuation basket, calculation of currency amounts 799

    • selection of currencies by the Fund 468, 470

H

  • Heavily Indebted Poor Countries (HIPC) Initiative

    • status of implementation, 2005 271

  • Heavily Poor Countries (HIPC) Initiative

    • status of implementation (2011) 269

I

  • Immunities and Privileges of Specialized Agencies, United Nations Convention 912

  • Immunity of Fund officials

    • policy statement 693

  • Import restrictions for balance of payments reasons

    • GATT 420

    • stand-by arrangements 371

  • Income position

    • assessment under Article XX, Section 4, for FY 2014 831

    • assessment under Article XX, Section 4, for FY 2015 831

    • Catastrophe Containment and Relief Trust reimbursement for FY 2015 874

    • MDRI-I Trust reimbursement for FY 2014 278

    • PCDR Trust reimbursment for FY 2014 873

    • placement of FY 2014 net income of GRA to the Special Reserve and the General Reserve 755, 756

    • PRGT reimbursement for FY2014 209

    • PRGT reimbursement for FY 2015 210

    • PRGT Reserve Account Transfer to Subsidy Account 494

    • PRGT Reserve Account transfer to Subsidy Account, FY 2012 and FY 2013–14 494

    • rate of charge for FY 2015 and 2016 495

    • rate of charge for FY 2016 495

    • transfer of currencies to the Investment Account for FY 2013 756

    • transfer of investment income for FY 2014 to GRA 755

    • transfer of investment income for FY 2015 to GRA 755

  • Ineligibility to use Fund resources

    • declaration of ineligibility 599, 844, 857

    • extended arrangements 833

    • limitation and ineligibility under Article V, Section 5 473

    • publicity 857

    • stand-by arrangements 371, 833

  • Inter-American Development Bank (IDB)

    • communication regarding members arrears to the Fund 841

    • exchange of documents with 728

  • Interest

    • means of payment under Trust Fund 864

    • Poverty Reduction and Growth Trust 173

    • PRGF-HIPC Trust, interest-free loans 243

  • Interim Committee governance 346

  • International Monetary and Financial Committee, transformation of Interim Committee into 883

    • rules of procedures 899

    • safeguards for use of Fund resources 346

    • terms of reference 885

  • International Court of Justice 908

  • International Development Association (IDA)

    • HIPC Initiative 260, 261

    • prescribed holder of SDRs 804

  • International Financial Statistics (IFS) 606

  • International Fund for Agricultural Development (IFAD)

    • prescribed holders of SDRs 804

  • International Monetary and Financial Committee (IMFC, formerly Interim Committee)

    • Fourteenth General Review of Quotas 5

    • participation of Executive Directors in meetings 884

    • participation of Managing Director in meetings 884

    • procedures 885

    • terms of reference 884

  • International organizations

    • transmittal of Fund documents 726

  • Interpretation

    • Article IX, Section 7, privilege for communications 691

    • Articles of Agreement 302

    • Article VIII, Section 2(b), unenforceability of exchange contracts 571

    • Article VI, use of Fund resources for capital transfers 302

    • Article XIV, Section 3, Fund representation in exceptional circumstances on withdrawal of Article XIV, Section 3

    • restrictions 788

  • Investigation of Fund activities, cooperation procedures 688

  • Investment Account

    • amendment of rules and regulations, 2015 745

    • Endowment Subaccount 751

    • establishment 743

    • Fixed Income SubAccount 748

    • Fixed-Income Subaccount and Endowment Subaccount) 746

    • investment strategy for the fixed-income subaccount, review, 2015 743

    • objective 745

    • responsibilities of Managing Director 746

    • sources of assets 745

    • use of gold sales profits 759

    • use of investment income 747

    • Investment authority of the Fund

    • additional considerations 757

    • Islamic Development Bank (IsDB)

    • exchange of documents with 728

    • prescribed holder of SDRs 804

J

  • Japanese yen

    • currency weights from October 16, 2016 798

    • freely usable currency 863

    • weight in SDR valuation basket 798

  • Joint Staff Advisory Notes

    • streamline modalities, amendments to 268

  • Joint Staff Assessments 262

L

  • Lapse of time procedures

    • program review, completion 407

    • program reviews, completion 401

    • transmittal of supplementary information to WTO 720

  • Lending into arrears 428

    • review of policy 432

  • Letters of intent (LOIs)

    • deletion from documents released to aid agencies 692, 730

    • side letters 336

  • Loan Account

    • borrowing for 175

  • Low-income countries

    • access to concessional resources 416

    • concessional financing framework 415

    • concessional financing framework, reform of 155

    • contingency financing 417

    • debt sustainability framework 214

    • design of PRGT arrangements 417

    • fragile situations 212

    • Fund support in public health disasters 217

    • poverty reduction strategies of the Fund 219

    • review of facilities 415

    • role of the Fund 413

M

  • Maintenance of value

    • overdue adjustments 836

    • rates for computations 496

  • Managing Director

    • authorized signatories 742

    • consultation with creditors for additional borrowing for PRGF Trust Loan Account 227

    • consultation with member on changes in exchange rate policies 22

    • consultation with member with outstanding purchases on sale of currency 471

    • Development Committee, participation in meetings of 890

    • General Arrangements to Borrow, proposals for calls 534

    • International Monetary and Financial Committee, participation in meetings of 884

    • nondiscriminatory treatment of members 305

    • use of Fund resources, recommendation regarding approval 305

  • Medium-term budget, FY 16–18

    • streamlining proposals 406

  • Misreporting and noncomplying disbursements, PRGF-ESF Trust

    • prior action, accuracy of information 345

    • repayment expectation 232, 242

    • safeguards for use of Fund resources 347

    • waiver of applicability or for nonobservance of performance criteria 225

  • Misreporting and noncomplying purchases

    • publication of cases 785

  • Misreporting and noncomplying purchases, General Resources Account

    • corrective action 340

    • performance criteria or other conditions, accuracy of information 340, 344

    • prior actions, accuracy of information 343

    • safeguards for use of Fund resources 346

    • waivers 341

  • Misreporting and noncomplying purchases, Policy Support Instrument (PSI)

    • corrective action 150

  • Misreporting and noncomplying purchases, PRGF and PRGT facilities

    • corrective action 194

  • Misreporting in de minimis cases

    • Article VIII, Section 5 601

    • de minimis, definition 343

    • General Resources Account 342

    • Policy Support Instrument 152

    • Special PRGF Operations for HIPC 241

  • Monetary policy regimes

    • conditionality 329

  • Moral hazard 411, 438, 450, 460

  • Multilateral Debt Relief Initiative

    • status of implementation (2011) 269

  • Multilateral Debt Relief Initiative-II (MDRI-II) Trust

    • liquidation 274

    • Post-MDRI-II Interim Administered Account 274

    • transfer of remaining balances 278

  • Multilateral Debt Relief Initiative-I (MDRI-1) Trust

    • liquidation 274

  • Multiple currency practices

    • approval 22, 591

    • approval criteria, when imposed for balance of payments reasons 580, 593

    • approval criteria, when imposed for non-balance of payments

    • reasons 580

    • Article IV consultations 594

    • balance of payments reasons 586, 593

    • capital transactions 594

    • consultation with Fund prior to changes 585, 586

    • discrimination 593

    • exchange taxes 590

    • jurisdiction of the Fund 587

    • nonbalance of payments reasons 585, 594

    • official action 592, 593

    • policy in 1947 584

    • policy in 1957 591

    • policy in 1998 592

    • simplification of complex rate systems 591

    • spread 592

    • statement to members transmitting Funds decisions 584

    • unification of exchange rates as basic Fund objectives 591

  • Mutual assessment process

    • G-20 120

N

  • New Arrangements to Borrow

    • establishment 540

    • new participants 557

    • rollback of credit arrangements 561

  • New Arrangements to Borrow (NAB)

    • activation period 544

    • adherence 542

    • Fourteenth General Review of Quotas 8

    • General Terms and Conditions for NAB Notes 547

    • Interest 547

    • meeting of participants 560

    • rates of exchange 551

    • Special Calls 546

    • transferability 551

    • transferability of claims 562

    • withdrawal from membership 554

    • withdrawal of adherence 554

  • Noncooperation draft declaration 841

  • Nondiscriminatory treatment of members

    • Use of Fund resources 304

  • Nordic Investment Bank

    • prescribed holder of SDRs 804

  • Note Purchase Agreement

    • issuance of notes by Fund to official sector 570

O

  • Observer status in the Fund

    • European Central Bank 717

    • World Bank 707

    • World Trade Organization 719, 940

  • Observer status of the Fund

    • World Bank 707

    • World Trade Organization 940

  • Official clearing and payments arrangements

    • temporary exemption from three-month settlement rule 575

  • Offshore financial centers (OFCs)

    • integration of assessment program with FSAP 126

  • Operational budgets

    • assessment of strength of members balance of payments and gross reserve position 465

    • guidelines for operational budget allocation of currencies, review 468

    • specification of currencies by the Fund 468, 470

    • transfers of SDRs under Article V, Section 3(f) 466

  • Organization for Economic Cooperation and Development (OECD)

    • exchange of documents 730

  • Overdue financial obligations to the Fund

    • accounting charges 484

    • Annual Report (IMF) 839

    • complaint by Managing Director 839

    • compulsory withdrawal 841, 842, 847, 848

    • declaration of censure 841, 845

    • declaration of ineligibility 840, 845, 847, 849, 857

    • declaration of noncooperation 842, 846, 848, 857

    • de-escalation of remedial measures 858

    • draft first letter to all Governors 843

    • draft second letter to all Governors 844

  • Eleventh General Review of Quotas 1

  • ESAF, no access to 835

  • extended arrangements and 833

  • flexibility in de-escalation policy because of Qualifying Catastrophic Disaster 861

  • Ninth General Review of Quotas 840, 849

  • nontoleration of arrears to official creditors 421

  • overdue maintenance of value adjustments 836

  • Overseas Economic Cooperation Fund (OECF) 326

  • preferred creditor status of Fund 836, 846, 849

  • prevention/deterrence measures, strengthened timetable of procedures 851

  • PSI, nonapproval 147

  • requests for the use of Fund resources under a stand-by or extended arrangements, management will not submit 833

  • review period 834

  • setoff in connection with retroactive reduction of charges 487

  • stand-by arrangements and 833

  • strengthened cooperative strategy 846, 856, 857

  • suspension of voting rights 850

  • technical assistance suspension 860

P

  • Paris Club

    • debt rescheduling and Fund arrangements or programs 849

    • lending into arrears to official bilateral creditors 423

    • PRGF qualification for assistance 237

    • rescheduling discussions 729

    • rescheduling in the absence of Fund arrangement 849

    • rescheduling operations, Fund opposition to matching 412

  • Payments arrears of a member to other (non-Fund) creditors

    • Fund lending into nonsovereign arrears 428

    • Fund lending into sovereign arrears 428

    • Fund policies and procedures 426

    • performance criteria 419

  • Performance criteria under Fund arrangements

    • accuracy of information 343

    • conditionality guidelines 303

    • definition 308

    • first credit tranche, not subject to 360

    • number and content of 308

    • omitted in stand-by arrangements within first credit tranche 360

    • phasing, relationship 311

    • reporting on implementation, confidentiality relating to 339

    • side letters 340

    • structural performance criteria not applicable 332

    • waiver for nonobservance 310, 341, 343

    • waiver of applicability 310, 343

  • Phasing and performance criteria under Fund arrangements

    • omitted in stand-by arrangements within first credit tranche 360

    • operational guidelines 311

    • relationship 311

  • Policy Support Instrument

    • program reviews 148

  • Policy Support Instrument (PSI)

    • application of Guidelines on Conditionality 153

    • assessment criteria 150

    • definition 147

    • documents required 147

    • Economic Development Document (EDD) 148

    • eligibility 147, 148

    • misreporting 151

    • policy on arrears 153

    • policy on side letters 153

    • provision of Fund technical services 147

    • review 154

    • structural assessment criteria not needed for monitoring 154

    • termination 153

  • Position in the Fund 468

  • Post-Catastrophe Debt Relief Trust

    • establishment 283

    • flexibility in de-escalation policy with respect to overdue payments to the Fund 861

    • transformation to Catastrophe Containment and Relief Trust 282

    • Umbrella Account 301

  • Post-conflict emergency assistance 254, 258

  • Post-MDRI-II Interim Administered Account

    • establishment 274

    • instrument to establish 279

  • Post-Program Monitoring

    • Article IV consultation 464

    • publication policies 464

    • streamlining proposals under the FY 2016–18 budget 406

  • Pound sterling

    • currency weights from October 16, 2016 798

    • freely usable currency 863

    • weight in SDR valuation basket 798

  • Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility (ESF) Trust

    • contributions, value date for operations and transactions 226

    • decision waivering of the applicability of a performance criterion 225

    • instrument to establish 159

    • modalities of gold pledge under rights approach 519

    • other provisions 222

    • prior actions, accuracy of information 345

    • repayment expectation 223

    • transformation to Poverty Reduction and Growth Trust 155

    • waiver of performance criteria, accuracy of information 225

    • Poverty Reduction and Growth Facility (PRGF) and Exogenous Shocks Facility (ESF) Trust loans

    • performance criteria 225

    • performance criteria, accuracy of information 225

    • prior action, accuracy of information 345

    • repayment expectation 223

    • waiver of applicability or for nonobservance of performance criterion 345

  • Poverty Reduction and Growth Trust

    • access limits 200

    • accuracy of data to assess observance of performance criteria 225

    • assistance, amount of 168

    • assistance, eligibility and conditions 161

    • Economic Development Document 220

    • eligibility and conditions for assistance 161

    • eligibility criteria 509

    • eligibility, criteria for graduation 510

    • eligibility framework, review, 2015 506

    • Extended Credit Facility 155, 159

    • failure to meet repayment obligation or expectation 223

    • instrument to establish 159

    • interest rate structure, review 210

    • loans, terms of 173

    • misreporting and noncomplying disbursements 194

    • Note Purchase Agreement 222

    • overdue financial obligations 197

    • Rapid Credit Facility 160

    • Standby Credit Facility 160

    • Subsidy Accounts 180

  • Poverty Reduction and Growth TrustFacility (PRGTF) and Exogenous Shocks Facility (ESF) Trust

    • instrument to establishment, adoption of Instrument 157

  • Poverty Reduction Strategy Papers (PRSPs)

    • core principles 264

    • definition 233

    • progress 261

    • role in HIPC initiative 237

  • Poverty Reduction Strategy (PRS)

    • conflict-affected states, special requirements 267

    • goals 265

    • Millennium Development Goals (MDGs), achievement of 265

    • review 264

  • Poverty Strategy Reduction Paper (PSRP)

    • followed by Joint Staff Advisory Paper 268

  • Precautionary and Liqudity Line

    • conditionality 383

  • Precautionary and Liquidity Line

    • access limits 383

    • ARA metric 396, 400

    • balance of payments need 384

    • duration 382

    • eligibility 381

    • establishment to replace Precautionary Credit Line 389

    • indicators of institutional strength 396, 400

    • relationship between performance criteria and phasing not applicable 311

    • review, 2014 392, 397

    • review no later than November 2012 388

    • safeguards assessment 387

  • Precautionary and Liquidity Line Arrangements

    • terms and conditions 381

  • Precautionary Credit Line

    • repealed 388

    • review (2011) 389

  • Preferred creditor status of Fund 254, 411, 846, 849

    • overdue financial obligations to the Fund 836

  • Press releases

    • Article IV consultations 767

    • Executive Board consideration of FSAP reports 767

    • regional surveillance discussions 767

    • use of Fund resources or Policy Support Instrument 766

  • Prior actions

    • accuracy of information regarding implementation 344

    • definition 307

    • implementation under PRGF 345

    • reporting on implementation, confidentiality relating to 339

    • side letters 339

    • use in emergency financing mechanism 461

    • use in Extended Credit Facility, Standby Credit Facility and Exogenous Shocks Facility 345

    • use in Policy Support Instrument 151

  • Program reviews 308

    • ex-post evaluations, multi-country 404

    • lapse of time completion 401

    • procedural deadlines for completion 405

  • Protracted balance of payments problem 501

  • Publication

    • authorization and consent 760

    • country documents 761

    • Fund policy documents 770

    • multi-country documents 771

    • transparency policy 760, 775

    • web posting of Poverty Reduction Strategy documentation 779

  • Public debt limits

    • conditionality 316

  • Public health disasters

    • Fund support for low-income countries 217

  • Publicity

    • suspension of voting rights 784

    • termination of suspension of voting rights 784

  • Purchase transactions

    • resumption of purchases under stand-by arrangement after decision of formal ineligibility 371

    • suspension of transactions under stand-by arrangement 371

    • temporary suspension under Article XXVII, effect on GAB 532

Q

  • Quotas

    • ad hoc increases 20

    • Eleventh General Review 1

    • Fourteenth General Review 5

    • Ninth General Review 849

    • payments of reserve assets in connection with subscription 17

    • sales of SDRs by Fund to members for quota payments 474

    • Seventh General Review 18, 474, 810, 826

    • Sixth General Review 18

    • voice and quota, reform of 1

    • voting power and adjustment of quotas 733

R

  • Rapid Credit Facility

    • assistance under RCF 166

    • lending into arrears to official bilateral creditors 425

    • low-income countries in fragile situations 212

  • Rapid Financing Facility

    • balance of payments need 408

  • Rapid Financing Instrument

    • access limits 409, 410

    • establishment to replace emergency assistance policy 390

    • lending into arrears to official bilateral creditors 425

    • outright purchases 409

    • review, 2014 392

    • terms and conditions 408

  • Recent Economic Developments reports (REDs)

    • balance of payments consultations, WTO 720

    • transmittal to multilateral agencies 720

  • Reconstitution of SDRs

    • abrogation of rules 828

  • Reform of the Executive Board, Resolution 66–25

  • Renminbi

    • freely usable currency 796

  • Repayment expectations, PRGF Trust 223, 232, 242

  • Reports on Observance of Standards and Codes (ROSCs)

    • anti-money laundering initiatives 133

    • assessment principles 130

    • no longer circulationed to Executive Directors in hard copy form discontinued 121

    • surveillance 607

  • Repurchase expectations

    • attribution of reduction of currency 479

    • Compensatory Financing Facility 475

    • failure to meet and extended arrangements 342, 345

    • failure to meet and stand-by arrangements 345

    • misreporting and noncomplying purchases 340, 345

  • Repurchases

    • assessment of strength of members balance of payments and gross reserve position 465

    • attribution of reductions in Funds holdings of currencies 479

    • credit tranches 477

    • early repurchases, guidelines 479

    • emergency assistance 477

    • gold, acceptance in payment 478

    • gold, obligation to pay 478

    • procedures 477

    • Schedule B 478, 479

    • SDRs 478

    • selection of currencies by Fund 467, 470

    • special charges on overdue repurchases 477

    • timing of repurchases within a calendar month 477

  • Reserve position, gross

    • assessment for purposes of designation plans, operational budgets, and early repurchases 465

  • Reserve tranche position

    • administrative accounts 862

    • attribution of reductions in Funds holdings of currencies 479

    • balances held in Administrative Account 862

    • extended arrangements 862

    • remunerated position 19

  • Reserve tranche purchases, exclusion of purchases and holdings

    • credit tranches 862

    • extended arrangements 862

    • General Arrangements to Borrow 529

  • Retention quotas 575

  • Reviews under Fund arrangements

    • stand-by arrangement 368

  • Revolving character of the Funds resources 437

  • Rights accumulation programs 352, 853, 856, 859

    • gold pledge 855

  • Rights approach

    • arrears to the Fund, reduction 853

    • extension of eligibility 861

    • gold pledge 853

    • modalities of gold pledge for use of PRGF Trust resources 519, 853

    • operational modalities 852

    • PRGF-HIPC Trust eligibility 236

    • PRGF-HIPC Trust qualification 237

    • three-year period norm 853

  • Rules and Regulations Rule G-1, fiscal agency 531

    • Rule G-4, request for a purchase 473

    • Rule I-6(4)(a) 490, 493

    • Rule I-6(4)(b) 490, 493

    • Rule I-6(4), rate of charge 485, 487, 490, 871

    • Rule I-6, rate of charge(4) 493

    • Rule I-10, rate of remuneration 490, 493

    • Rule K-1 695

    • Rule O-2, valuation of currencies in terms of SDRs 497, 531, 812, 813, 815, 817, 819

    • Rule O-10, operational budget 466

    • Rule P-7, prescribed operation 812, 814, 815, 817, 820, 821

    • Rule P-9, recording of SDR transactions 805, 806, 813, 814, 816, 818, 820, 821, 822

    • Rule R-1 through Rule R-6, rules for reconstitution (abrogated) 828

S

  • Safeguards assessment policy

    • review of experience, 2010 355

    • review of experience, 2015 357

  • Safeguards assessment process

    • audits 347, 348, 349

    • confidentiality 349, 355

    • distinction between first and second stages no longer applicable 354

    • first stage 348, 354

    • Precautionary and Liquidity Line 387

    • Rapid Financing Instrument 409

    • reports to remain confidential 351

    • review 350

    • second stage 349, 354

  • Safeguards, use of Fund resources

    • benchmarks based on Code of Good Practices on Transparency in Monetary and Financial Policies 348

    • publication of audited central bank financial statements 348

  • Sales of currencies of members indebted to the Fund

    • sale of currencies at the request of members with outstanding purchases 472

  • Santiago Principles 61

  • Schedule B, transitional provisions 18, 478

  • Schedule D

    • paragraph 1(a), proposed amendment 15

    • paragraph 5(e), proposed deletion 15

    • paragraph 5(f), proposed amendment 15

  • Schedule E

    • proposed amendment 16

  • Schedule F, designation 824

  • Schedule G, paragraph 1(a), reconstitution 828

  • Schedule J, settlement of accounts with withdrawing members 532

  • Schedule K, administration of liquidation 532

  • Schedule L

    • paragraph 1(b), proposed amendment 16

    • paragraph 3(c), proposed amendment 16

    • suspension of voting rights 884

  • Second Amendment

    • Article IV (surveillance over exchange rate policies) 18

    • payment of reserve assets in connection with subscription 18

    • repurchase under Schedule B 478

    • surveillance over exchange rate policies 18

  • Security reasons, exchange restrictions for 573

  • Short-Term Liqudity Facility

    • repeal 336

  • Side letters, use of Fund resources 336

  • Small states

    • Fund’s engagement with 45

  • Sovereign default 426, 460

  • Sovereign wealth funds

    • generally accepted principles and practices (GAPPs) 61

    • Santiago Principles 61

  • Special Contingent Account

    • additions to 835

  • Special Data Dissemination Standard Plus (SDDS Plus)

    • dimensions 652

    • Dissemination Standards Bulletin Board 657

    • establishment 652

    • implementation 657

    • purpose and framework 652

  • Special Data Dissemination Standard (SDDS)

    • coverage 615

    • flexibility 619

    • purpose and framework 614

    • subscription 622

  • Special Data Dissemination Standards (SDDS)

    • access by the public 614

    • balance-sheet approach 605

    • liquidity management 605

  • Special Data Disseminaton Standard (SDDS)

    • Dissemination Standards Bulletin Board 622

  • Special Disbursement Account (SDA)

    • investment 499

    • PRGF-HIPC Trust 233, 246

    • repayment expectation under PRGF Trust, failure to meet 223

    • Structural Adjustment Facility administration 499

    • termination and transfer of resources from Trust Fund 865

    • termination of assistance from SAF in conjunction with loans from ESAF Trust 518

    • transfer of resources to the ESAF Trust and retransfer to the SDA 517

  • Special drawing rights (SDRs) allocation for first basic period 808

    • allocation for the ninth basic period 810

    • allocation for third basic period 809

    • contributions to PRGF-HIPC Trust 235

    • currency weights 797

    • currency weights from October 16, 2016 798

    • designation rules, revision 826

    • euro, weight in valuation basket 798

    • harmonization of excess holdings 824

    • holders prescribed by the Fund 803, 804

      • African Development Bank 804

      • African Development Fund 804

      • Andean Reserve Fund 804

      • Arab Monetary Fund 804

      • Asian Development Bank 804

      • Bank for International Settlements 803

      • Bank of Central African States 804

      • Central Bank of West African States 804

      • East African Development Bank 804

      • East Caribbean Currency Authority 804

      • Eastern Caribbean Central Bank 804

      • European Central Bank 804

      • International Bank for Reconstruction and Development (World Bank) 804

      • International Development Association 804

      • International Fund for Agricultural Development 804

      • Islamic Development Bank 804

      • Nordic Investment Bank 804

    • means of repayment by members on indebtedness under loan agreements 865

    • payment of net charges and assessment in the SDR Department for FY ended April 30, 1982 829

    • PRGF-HIPC Trust unit of account and media of payment 235

    • reconstitution, abrogation of rules 828

    • reserve asset payments 17

    • rules for designation, review 823

    • sales by the Fund for payment of subscriptions 17

    • sales by the Fund for the payment of charges 484

    • terms and conditions for accepting, holding, or using SDRs 801

    • transfers of SDRs for purchases under Article V, Section 3(f) 466

    • U.S. dollar, weight in valuation basket 798

    • use in donations 821

    • use in ESAF Trust operations or under an administered acount 806

    • use in forward operations 820

    • use in loans 813

    • use in payment of Trust Fund obligations 805, 864

    • use in pledges 815

    • use in PRGF-HIPC Trust operations or under an administered account 807

    • use in repurchases 477

    • use in settlement of financial obligations 812

    • use in Structural Adjustment Facility operations 805

    • use in subsidy payment from SFF Subsidy Account 805

    • use in swap operations 819

    • use in transfers as security for the performance of financial obligations 817

    • valuation method from October 16, 2016 796

  • Specification of currencies 470

  • Staff reports on Article IV consultations

    • document exchange with WTO 727

    • transmittal to international agencies 726, 728

  • Staff reports on enhanced surveillance

    • transmittal by members to creditors 116

  • Staff reports on use of Fund resources and post-program monitoring

    • publication policy 780

  • Standards and Codes Initiative

    • crisis resolution and deposit insurance, new policy areas 122

    • review (2011) 121

  • Stand-by arrangements

    • access to credit tranches, normally through 359

    • arrangements not international agreements 307

    • conditionality guidelines 303

    • consultation clauses 307, 371

    • contractual connotation avoidance 307

    • duration, normal 360

    • emergency purchases and 410

    • first credit tranche 360

    • form, standard 368

    • ineligibility 371

    • ineligiblity 833

    • misreporting and noncomplying purchases 340, 343, 344

    • noncomplying purchases 342

    • nondiscriminatory treatment of members 305

    • overdue financial obligations to the Fund 833

    • performance criteria, accuracy of information 344

    • performance criteria with respect to external debt 326, 370

    • period for 360

    • phasing 360

    • policies and procedures 360

    • PRGF-HIPC Trust eligibility 236

    • PRGF-HIPC Trust qualification 237

    • prior actions, accuracy of information 343

    • program evaluation 310

    • repurchase 372

    • repurchase expectation 341, 342, 372

    • reserve tranche purchases 862

    • review 369

    • structural performance criteria not applicable 332

    • suspension of right to engage in transactions 371

    • uniform treatment of members 305

    • waiver for nonobservance of performance criteria 341, 343, 344

    • waiver of applicability of performance criteria 343, 344

  • Stand-By Arrangements

    • completion of reviews 377

  • Strengthened cooperative strategy

    • de-escalation of remedial measures 858

    • procedures 847

    • reversibility of actions 857

  • Structural Adjustment Facility (SAF)

    • access, potential 501, 507

    • amounts of assistance 500

    • commitment period 501

    • commitment period, new 505

    • disbursements 502, 505

    • eligible members list 507

    • income from investment and loans 516

    • loans under Enhanced Structural Adjustment Facility (ESAF) 504

    • protracted balance of payments problem 501

    • purposes 500

    • qualification for assistance 501

    • resources 500

    • SDRs, use in operations 805, 806, 807

    • terms of loans 502

  • Subscriptions

    • accounting by members 17

    • ownership of gold and currency 17

    • reserve asset payments 17

  • Summings up and concluding remarks for policy items

    • review and finalization process 740

  • Supplemental Reserve Facility (SRF)

    • exchange rate for payment of subsidies 895

    • overdue financial obligations 371

    • repeal 336

  • Supplementary Financing Facility (SFF) Subsidy Account 867

    • eligible members 870

    • exchange rate for payment of subsidies 875

    • instrument to establish 867

    • investment 869

    • means of subsidy payments 875

    • rescheduling in cases of serious hardship 866

    • resources 867

    • SDRs, use of 805

    • subsidy amount 869

    • suspension of transfers and re-transfer of surplus 875

    • transfer from Special Disbursement Account 868

  • Surveillance

    • 2012 Decision on Bilateral and Multilateral Surveillance 25

    • Article IV consultations 36

    • bilateral surveillance, 2012 Decision 28

    • Central African Economic and Monetary Union 50

    • currency unions 29

    • data provision 603

    • Eastern Caribbean Currency Union 52

    • euro area 47, 49

    • legal framework 23

    • macro-financial 42

    • modalities 32

    • modernizing the legal framework, 2012 22

    • multilateral consultations 39

    • multilateral surveillance, 2012 decision 30

    • principles for guidance to the Fund 27

    • principles for the guidance of member’s policies 33

    • procedures 36

    • review of 2012

    • Decision 39

    • ROSCs 604, 607

    • scope 28

    • Special Data Dissemination Standards 606

    • stability assessments under FSAP mandatory 109

    • systemically important financial sectors 109

    • systemic stability 28

    • triennial review, 2014 41

    • West African Economic and Monetary Union 53

    • Suspension of membership 842

    • Suspension of voting rights

      • participation in International Monetary and Financial Committee 884

    • Swiss National Bank

      • GAB participant 535

    • Systemically Important Financial Sectors

      • conceptual framework 103

T

  • Technical assistance

    • cooperation with Trusteeship Council 908

    • exchange rate system simplification 592

    • members not cooperating with the Fund 841

    • transmittal of reports to international agencies 726

  • Trade

    • role of trade in Fund work 59

    • Trade Integration Mechanism 418

    • trade-related balance of payments adjustments 418

  • Trade Integration Mechanism 418

  • Trade restrictions

    • avoidance of escalation 583, 896

    • import restrictions for balance of payments reasons, GATT 580

    • import restrictions for balance of payments reasons, stand-by arrangements 371

    • WTO involvement 720

  • Tranche policies

    • first credit tranche 360

    • floating tranche 310

  • Transparency

    • archives, access by outside persons 686

    • foreign reserves management 348

    • governance 64

    • presumed publication of country staff reports 780

    • review of policy, 2013 760

    • safeguards for use of Fund resources 349

    • use of Fund resources 785

  • Trust for Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries and for Interim ECF Subsidy Operations (PRG-HIPC Trust)

    • amendment of PRGF-HIPC Trust to PRG-HIPC Trust 231

    • instrument to establish 231

  • Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and for Interim ECFPRGF Subsidy Operations (PRGF-HIPC Trust) instrument to establish, adoption of 229

  • Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and for Interim PRGF Subsidy Operations (PRGF-HIPC Trust) administration of 244

    • amendment of 246

    • Annual Progress Report (APR) 233

    • assistance amount 239

    • completion point 232, 240, 241, 242, 243, 253, 254, 255, 256

    • contributions by other donors 248

    • debt sustainability 232, 239, 241, 242, 253, 254, 263

    • debt sustainability analysis 232

    • debt-to-exports ratio 232, 242, 256

    • debt-to-revenue ratio 232

    • decision point 232, 237, 239, 240, 251, 254, 259, 263, 271

    • eligibility 236, 263

    • grace period on loans 243

    • grants and loans 236

    • Guidelines on Misreporting 234

    • implementation, progress 254

    • implementation, review 259

    • interest 233, 243

    • interim assistance 240

    • Interim Poverty Reduction Strategy Papers (I-PRSPs) 261

    • investment of resources 235, 245, 248

    • Joint Staff Advisory Note (JSAN) 234

    • liquidation 246

    • maturity of loans 242

    • operation and liquidation 246

    • Paris Club 233, 237, 239, 255, 260, 272

    • performance-related conditions 240, 248

    • Poverty and Social Impact Analysis (PSIA) 266

    • Poverty Reduction Strategy Papers (PRSPs) 233, 237, 256, 259, 264

    • qualification for assistance 237

    • rescheduling of payments not allowed 243

    • retransfers authorized 248

    • SDRs, use in operations 246, 807

    • self-sustained operations 233, 246, 258

    • special charges on overdue interest and repayments 485

    • Special Disbursement Account, transfers from 235

    • streamlining preliminary HIPC documents 263

    • subsidies for interim PRGF operations 244

    • terms of assistance 242

    • track record of performance 253, 255, 259, 263, 273

    • Trust Account and resources 234

  • Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and for Interim PRGF Subsidy Operations (PRGFPRG.-HIPC Trust)

    • Interim Poverty Reduction Strategy Papers (I-PRSPs) 233

  • Trust for Special PRGF Operations for the Heavily Indebted Poor Countries and the Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

    • status of implementation (2011) 269

  • Trust for Special PRGF Operations Heavily Indebted Poor Countries and for Interim PRGF Subsidy Operations (PRGF-HIPC Trust)

    • completion point 271

    • decision point 271

    • eligibility and eligible members 272

    • implementation status 271

    • sunset clause 247, 272

  • Trust Fund

    • final direct distribution of profits 865

    • means of repayment by members on their indebtedness under loan agreement 865

    • SDRs, use in payment of Trust Fund obligations 805

    • special charges on overdue financial obligations 484, 865

    • termination and transfer of resources to Special Disbursement Account 865

    • terms of repayment of final loan disbursement and amendment of Trust instrument 867

U

  • Undue delay in availability or use of foreign exchange 523, 581

  • Uniformity of treatment principle

    • post-conflict assistance 411

    • use of Funds general resources 305

  • United Nations

    • exchange of documents with 907

    • UNDP, exchange of documents with 728

    • Uniting for Peace General Assembly Resolution 880

  • United States (U.S.) dollars

    • currency weights from October 16, 2016 798

    • financial statements of Framework Account, expressed in 140

    • maintenance of value, rates for computation 497

    • means of payment by members on indebtedness under Trust Fund loan agreements 865

    • medium of payment, loan disbursements, repayments, and interest under GAB 503

    • medium of payment, PRGF-HIPC Trust 235

    • payment of special charges on overdue payments, Trust Fund loans 486

    • payments of interest on members indebtedness under Trust Fund loans 864

    • weight in SDR valuation basket 798

  • Use of Fund resources

    • accordance with purposes of the Fund 302

    • arrears, resolving the problem of 844

    • authority of the Fund to use its resources 302

      • Resolution 302

      • resolving problem of arrears 302

    • capital transfers 302, 522

    • concessional financing, eligibility 514

    • conditionality guidelines 303

    • financing current account deficits 302

    • Flexible Credit Line 333, 377

    • form, extended arrangement 373

    • form, stand-by arrangement 368

    • ineligibility, effect on purchases under stand-by arrangement 371

    • ineligibility under Article V, Section 5 473

    • interpretation of Articles of Agreement 302

    • limitation and ineligibility under Article V, Section 5 473

    • meaning of 303

    • meaning of with the provisions of this Agreement Article V, Section 3 302

    • nondiscriminatory treatment of members 305

    • performance criteria and phasing 311

    • postponement and limitation under Article V, Section 5 473

    • repayment expectation under PRGF-ESF Trust, failure to meet 223

    • repeal of CFF, SRF, and Short-term Liquidity Facility 335

    • resumption of purchases under stand-by arrangement after decision of formal ineligibility 371

    • safeguards, strengthening of 346

    • side letters 336, 339

    • suspension of exchange transactions, effect on General Arrangements to Borrow 532

    • suspension of transactions under stand-by arrangements 371

  • Use of Fund Resources

    • failure to meet repayment obligation or expectation to PRGT 223

    • summings up no longer prepared 786

    • transparency 785

V

  • Voluntary Declaration on Trade and Other Current Account Measures 896

  • Voting power majority

    • compulsory withdrawal 848

W

  • Waiver of performance criteria

    • applicability 310, 343, 344

    • nonobservance 343, 344

    • nonobservance under PSI 150

  • Waiver of special charges 485

  • World Bank (International Bank for Reconstruction and Development)

    • agreement with WTO 934, 935, 937

    • Bank-Fund collaboration 697, 707, 708

    • Bank-Fund Concordat 709

    • collaboration with Fund and WTO 723, 724

    • Development Committee 887

    • Fund-Bank Concordat 696

    • governance 65, 67

    • HIPC Initiative 252, 259, 261

    • investment by Fund of currencies received by SFF Subsidy 874

    • observer status in the Fund 707, 708

    • prescribed holder of SDRs 804

    • PRGF-HIPC Trust 231

    • rights approach 854

    • suspension of voting rights 850

  • World Economic Outlook (WEO)

    • multilateral surveillance 304

    • WTO observer status 940

  • World Trade Organization (WTO)

    • balance of payments consultations 720

    • coherence in global policymaking 721

    • consistency of policy advice and obligations 721

    • cross-conditionality, avoidance 722

    • document exchange 725

    • Fund staff observer at WTO meetings 940

    • guidelines/framework for Fund staff collaboration 719

    • IMF-WTO Agreement, text 938

    • lapse of time procedure in transmittal of supplementary information to WTO 720

    • observer status 724

    • resolution of open jurisdictional issues 723

    • suspension of transactions under stand-by arrangements 371

    • WTO staff observer at Executive Board meetings 939

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