Front Matter

Front Matter

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

AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

THIRTY-EIGHTH ISSUE

WASHINGTON, DC

FEBRUARY 29, 2016

© 2016 International Monetary Fund

Cataloging-in-Publication Data

Joint Bank-Fund Library

International Monetary Fund.

Selected decisions and selected documents of the International Monetary Fund. — Washington, D.C.: International Monetary Fund, 1962-

  • v. cm.

  • Annual

  • 1st (1962)-

  • ISSN 0094-1735

1. International Monetary Fund—Periodicals. 2. International finance—Periodicals.

HG3881.5.I58 I59

ISBN-13: 978-1-51358-187-3 (paper)

ISBN-13: 978-1-51358-838-9 (web PDF)

Please send orders to:

International Monetary Fund, Publication Services

P.O. Box 92780, Washington, D.C. 20009, U.S.A.

Telephone: (202) 623-7430 Fax: (202) 623-7201

E-mail: publications@imf.org

Internet: www.elibrary.imf.org

www.imfbookstore.org

Preface

This volume is the Thirty-Eighth Issue of Selected Decisions and Selected Documents of the International Monetary Fund. It includes decisions, interpretations, and resolutions of the Executive Board and the Board of Governors of the International Monetary Fund, as well as selected documents, to which frequent reference is made in the current activities of the Fund. In addition, it includes certain documents relating to the Fund, the United Nations, and other international organizations.

As with other recent issues, the number of decisions in force continues to increase, with the decision format tending to be longer given the use of summings up in lieu of formal decisions. Accordingly it has become necessary to delete certain decisions that were included in earlier issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions.

Wherever reference is made in these decisions and documents to a provision of the Fund’s Articles of Agreement or Rules and Regulations that has subsequently been renumbered by, or because of, the Second Amendment of the Fund’s Articles of Agreement (effective April 1, 1978), the corresponding provision currently in effect is cited in a footnote.

A compact disc (CD) containing the texts of the Thirty-Eighth Issue, the Articles of Agreement, and By-Laws, Rules and Regulations is available from the Fund.

Sean Hagan

The General Counsel

Director of the Legal Department

Contents

List of Decisions by Number

NumberPage
1946–1951
71-2302, 522
117-1788
170-317
180-5733
237-2584
284-3473
284-4303
286-1473
287-3302
408-21
446-4572
534-3692
574-2724
597-4724
1952–2007
144-(52/51)574
201-(53/29)577
433-(55/42)575
541-(56/39)523
649-(57/33)592
955-(59/45)578
1034-(60/27)580
1238-(61/43)302, 522
1289-(62/1)535
3153-(70/95)419, 581
4134-(74/4)583
4239-(74/67)481
4377-(74/114)368
5392-(77/63)82
5590-(77/163)498
5702-(78/39)483
5703-(78/39)475
5712-(78/41)21
6000-(79/1) S813
6001-(79/1) S815
6053-(79/34) S816
6054-(79/34) S818
6056-(79/138)67, 310
6172-(79/101)477
6209-(79/124) S823
6230-(79/140)318, 326
6266-(79/156)17
6273-(79/158) G/S G/S466, 823
6274-(79/158)466, 467
6275-(79/158) G/S466
6336-(79/178) S820
6337-(79/178) S821
6352-(79/183)466
6358-(79/188) TR864
6437-(80/37) S822
6467-(80/71) S803
6484-(80/77) S804
6486-(80/77) S804
6487-(80/77) S804
6488-(80/77) S804
6489-(80/77) S804
6540-(80/98) TR865
6609-(80/126) S804
6663-(80/160) S474
6683-(80/185) G/TR873, 874
6704-(80/185) TR500, 866
6709-(80/189) S800
6718-(81/1) S804
6774-(81/35)471
6790-(81/43)592
6793-(81/45)867
6830-(81/65)368, 862
6831-(81/65)480
6832-(81/65) S828
6844-(81/75)564
6845-(81/75)565
6854-(81/78) SBS879
6908-(81/101) S804
7060-(82/23)862
7064-(82/26) S804
7086-(82/42) S804
7116-(82/68) S829
7142-(82/85) TR864
7229-(82/136) S804
7337-(83/37)535
7427-(83/83)81
7582-(83/174) S804
7628-(84/25)540
7629-(84/25)540
7707-(84/79) S804
7842-(84/165)168, 328
343, 344
371, 375
7908-(85/26)833
7925-(85/38)311, 313, 388
7930-(85/41)484
7989-(85/81) SBS875
8160-(85/186) G/S792
8165-(85/189) G/TR486
8185-(86/9) SBS/S875
8186-(86/9) SBS/S805
8222-(86/45)87
8237-(86/56) SAF518
8238-(86/56) SAF499
8239-(86/56) SAF806
8240-(86/56) SAF507
8241-(86/56) SAF515
8271-(86/74)487
8433-(86/175)484
8642-(87/101) S/TR805
8648-(87/104)594
8733-(87/159)535
8757-(87/176) SAF/ESAF516
8759-(87/176) ESAF158
8760-(87/176)518
8845-(88/61) ESAF157
8846-(88/61) ESAF157
8937-(88/118) ESAF/S806
8955-(88/126)479
9605-(90/170)742
9862-(91/156)567
10175-(92/129)535
10176-(92/129)535
10182-(82/132)368
10286-(93/23) ESAF521
10305-(93/32)784
10365-(93/67)88
10464-(93/130)368, 833
10531-(93/170) SAF517
10749-(94/67)575
10942-(95/33)137
10968-(95/43)719
11248-(96/38)326
11381-(96/105)934, 943
11428-(97/6)558
11429-(97/6)563
11436-(97/10)230
11492-(97/45)230
11609-(97/112)535
11627-(97/123) SRF336
11698-(98/38) ESAF251
11832-(98/119) ESAF158, 223
11837-(98/121)469
11846-(98/125)47
11857-(98/130)863
11861-(98/131) ESAF230
11945-(99/49)490
11976-(99/59) S827
12062-(99/130)807
12067-(99/108)339
12087-(99/118) PRGF225, 230
12152-(00/21)499
12189-(00/45)492
12239-(00/71)733
12249-(00/77)343, 346
12250-(00/77)344
12251-(00/77)344
12252-(00/77)158
12253-(00/77)345
12254-(00/77)226
12278-(00/86)377
12281-(00/98)791
12329-(00/113)804
12346-(00/117)482
12424-(01/13)690
12546-(01/84)846
12548-(01/84)345
12559-(01/85) PRGF227
12661-(02/6)83
12662-(02/6)121
12663-(02/6)787
12696-(02/27)230, 239,
240
12697-(02/27) ESAF248, 251
12864-(02/102)311
12865-(02/102)360
12879-(02/113)535
12881-(02/113)558
12884-(02/114131
12899-(02/119)50
12925-(03/1)719
13004-(03/39)226
13005-(03/39)875
13183-(04/10)603
13229-(04/33)419
13454-(05/26)464
13561-(05/85)154
13564-(05/85)343
13589-(05/99)251
13590-(05/99) ESF158, 230
13595-(05/99) G/S791
13654-(06/1)51
13655-(06/1)53
13656-(06/1)54
13707-(06/40)494
13710-(06/40) IA743
13774-(06/78)158
13775-(06/78)230
13797-(06/88)230, 247
13814-(06/98)129, 154,
311, 355,
419, 432,
482, 595,
603,
607
13849-(06/108)343
13911-(07/35)492
13919-(07/51)25, 405
13996-(07/100)558
13997-(07/100)535
14003-(07/107)401
14036-(08/1)432, 607
14039-(08/3)230
14059-(08/15)50, 51
14060-(08/15)52, 53
14061-(08/15)54
14062-(08/15)49, 50
14064-(08/18)387, 434,
436
14065-(08/18)226
14093-(08/32)521
14107-(08/38)603
14153-(08/82)154, 158
14184-(08/93)336, 436,
464
14235-(09/1)154, 432
14253-(09/8)154, 158, 268
14260-(09/11)83
14280-(09/29)332
14281-(09/29)313
14282-(09/29)336
14283-(09/29)360, 381,
388, 395
14284-(09/29)436, 464
14285-(09/29)482
14287-(09/29)158, 368,
479, 480
14294-(09/31)142
14317-(09/41)155
14354-(09/79)154, 157,
158, 180,
223, 226,
230, 231,
345, 419,
494, 603
14367-(09/65)567
14379-(09/67)570
14407-(09/105)329, 368
14487-(09/125)120
14496-(09/126)492
14498-(09/126)688
14517-(10/1)719
14521-(10/3)288, 514
14522-(10/3)508
14577-(10/35)543, 558,
559
14593-(10/41)158, 222
14649-(10/64)284
14650-(10/64)283, 301
14714-(10/83)381
14715-(10/83)387, 388
14716-(10/83)436
14721-(10/80)558
14725-(10/84)861
14728-(10/85)614
14736-(10/92)79, 81, 98
14747-(10/96)79, 81
14766-(10/115)86, 406, 688
14769-(10/110) G/S790, 792
14821-(11/1)790
14860-(11/23)3
15014-(11/110)549, 555,
558
15015-(11/112)410
15017-(11/112)79, 311, 313,
388, 396, 436
15018-(11/112)230
15019-(11/112)388
15031-(11/115)230
15035-(11/116)159
15072-(12/1)558
15073-(12/1)549, 561
15092-(12/19)202, 480
15105-(12/17)514
15106-(12/21)81
15113-(12/24)368
15141-(12/39)494
15176-(12/58)567
15203-(12/72)25, 98
15207-(12/74)86
15211-(12/76)690
15224-(12/82)508
15225-(12/83)840
15226-(12/83)159
15228-(12/95)207
15256-(12/96)614
15257-(12/96)660
15262-(12/105)532
15303-(13/1)159
15314-(13/6)745
15320-(13/10)329
15333-(13/23)732
15350-(13/32)514
15351-(13/32)508
15352-(13/32)159
15354-(13/32)154
15355-(13/32)406
15356-(13/32)268
15380-(13/37)756
15420-(13/61)687, 688, 779
15462-(13/97)326
15481-(13/103)159, 164,
402, 406
15482-(13/103)159, 171
15494-(13/103)81
15495-(13/111)98, 103
15547-(14/19)688
15564-(14/29)660
15576-(14/36)159
15578-(14/37)831
15579-(14/37)278
15580-(14/37)874
15581-(14/37)210
15583-(14/37)755
15584-(14/37)756
15585-(14/37)495
15593-(14/46)381
15594-(14/46)388
15595-(14/46)410
15596-(14/46)396
15676-(14/94)492
15688-(14/107)154, 318
15692-(14/109)159
15706-(14/112)3
15708-(15/12)274, 275, 279,
280, 283, 284, 301
15763-(15/39)404, 406
15764-(15/39)436
15769-(15/41)874
15770-(15/41)210
15771-(15/41)755
15772-(15/41)485
15781-(15/43)756
15803-(15/62)159
15804-(15/62)154
15805-(15/62)779
15806-(15/62)779
15807-(15/62)268
15810-(15/63)278
15811-(15/63)275, 278,
279
15818-(15/66)159
15819-(15/66)159, 168, 201
15820-(15/66)410
15821-(15/66)409, 410
15826-(15/67)660
15827-(15/67)667
15830-(15/70)567
15834-(15/73)514
15835-(15/73)508
15840-(15/77)202, 205
15853-(15/80)861
15854-(15/80)790, 791
15857-(15/82)745
15890-(15/109)796
15891-(15/109)791, 792,
799
15923-(16/1)7
15931-(16/4)436
15941-(16/14)434, 436
15942-(16/14)388
15943-(16/14)482
15945-(16/14)79
15946-(16/14)464
A-9786-(93/20)727
A-11780693
A-13207406

List of Board of Governors’ Resolutions

NumberPage
IM-6879
6–8880
24–12809
29–7881
29–8881, 883
29–9881, 894, 898
29–10881
34–2474
34–3810
48–4887
54–92883
63–24
64–3811
66–216
67–2893

Interpretations Under Article XXIX(a)

Interpretations of Articles of Agreement (71–2) 302, 522, 579

Unenforceability of Exchange Contracts: Fund’s Interpretation of Article VIII, Section 2(b) (446–4) 572

Interpretation of Article IX, Section 7 (534–3) 692

    Other Resources Citing This Publication