Back Matter

Back Matter

Author(s):
International Monetary Fund. Legal Dept.
Published Date:
August 2017
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Index

A

  • Access policy

    • Poverty Reduction and Growth Trust 211

  • Access policy, use of Fund resources

    • access guidelines and limits in credit tranches and under Extended Fund Facility 449

    • balance of payments needs 435

    • capital account crises 452

    • capital account crises, modifications to Supplemental Reserve Facility 457

    • capital account crises, prevention 472

    • exceptional circumstances 453, 464

    • exceptional circumstances, review 462

    • Flexible Credit Line 344

    • modifications to Supplemental Reserve Facility 457

    • Rapid Financing Instrument 421, 422

    • review 458

  • Accounting by members

    • ownership of gold and currency subscriptions 17

  • Administered Account

    • interim account for windfall gold sales profits 233

  • Administrative Account

    • balances 885

    • reserve tranche position 885

  • African Development Bank

    • communication concerning members arrears to the Fund 864

    • exchange of document 753

    • prescribed holder of SDRs 827

  • African Development Fund 827

  • Andean Reserve Fund

    • prescribed holder of SDRs 827

  • Annual Report (IMF) 262

  • Anti-money laundering

    • effectiveness, review of program (2011) 141

    • FSAP framework 143

  • Anti-money laundering and CFT

    • review of strategy, 2014 144

  • Arab Monetary Fund

    • exchange of documents with 753

    • prescribed holder of SDRs 827

  • Archives policy

    • access by outside persons 711

  • Arrears

    • lending into arrears to official creditors 436

    • lending into arrears to private creditors 441, 443

    • settlement of disputes between members 448

  • Arrears of a member to creditors other than the Fund

    • debt strategy 436

    • extended arrangements, performance criterion 382

    • first credit tranche 434

    • Fund lending into nonsovereign arrears 441

    • Fund lending into sovereign arrears 443

    • Fund policies and procedures 434

    • non-toleration of arrears to official creditors 436

    • performance criteria 441

    • stand-by arrangement, performance criterion 382

  • Article I, purposes of the Fund 313, 599, 604

  • 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 607

    • Article XIV restrictions 607

    • bilateral and multilateral consultations 24

    • Central African Economic and Monetary Union 56

    • conditionality discussions 321

    • data provision 628

    • document exchange with WTO 745

    • Eastern Caribbean Currency Union 58

    • euro area 54, 55

    • European Central Bank, observer status 742

    • evaluation and review of related programs 321

    • governance issues 73, 78

    • macro-financial surveillance 42

    • multiple currency practices 610

    • Post-Program Monitoring 479

    • procedural deadlines for completion 417

    • use of Fund resources 321

    • World Bank, collaboration with 738

    • World Bank, observer status 732

    • World Trade Organization, observer status 749, 962

  • 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, 751

  • Article IV, Section 3(b), surveillance over exchange rate policies 751

  • Articles of Agreement

    • amendment, Resolution 66-2 5

  • Article V, Section 1, designation of fiscal agency 550

  • Article V, Section 2(b) 233

  • Article V, Section 2(b), financial and technical services 146

    • gold sale profits 233

    • interim administered account for remaining windfall gold sale profits 237

  • Article V, Section 3, conditions governing use of Funds general resources

    • application of Fund policies to purchases of currency borrowed by Fund 493, 547

    • early repurchase guidelines 493

    • meaning of with the provisions of this agreement, Article V, Section 3 313

  • Article V, Section 3(b)(ii)

    • balance of payments need 232

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

    • Extended Fund Facility 379

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

    • assessment of strength of members balance of payments and gross reserve position for operational budgets 483, 488

    • selection of currencies in purchases 484

  • Article V, Section 3(f), transfers of SDRs 484

  • Article V, Section 5, limitation on use of Funds resources 352

  • Article V, Section 6(b), transfers of SDRs by the Fund 488

  • Article V, Section 6(c), sales of SDRs by the Fund 492

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

    • assessment of strength of members balance of payments and gross reserve position 483, 493

  • Article V, Section 7(c), repurchases 495

  • Article V, Section 7(i), selection of currencies for repurchases 488, 496

  • Article V, Section 8, charges 499

  • Article V, Section 8(a), charges 503, 505

  • Article V, Section 8(b), charges 495, 503, 505, 885

  • Article V, Section 8(c), charges 499, 502, 505

  • Article V, Section 8(d), charges 499

  • Article V, Section 8(e), charges 499

  • Article V, Section 9(a), remuneration 885

  • Article V, Section 11, maintenance of value 515

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

    • gold sales 538, 889

  • Article V, Section 12(f)(ii), Special Disbursement Account (SDA) resources for assistance to low-income developing members 517

  • Article V, Section 12(h), investment of members currency held in SDA 517

  • Article V, Section 12(j), adoption of regulations for administration of Structural Adjustment Facility 517

  • Article VI, capital transfers

    • use of Fund resources for 541

    • WTO, information on Fund decisions requesting a member to exercise controls to prevent a large or sustained outflow of capital 961

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

    • freedom to adopt regulations on capital movements 542

  • Article VI, Section 2 of the Articles of Agreement of the Bank 911

  • Article VI, Section 3, controls on capital transfers 542

  • Article VII, Section 1, replenishment and scarce resources

    • borrowing by the Fund 543

  • Article VII, Section 3(b), scarce currency 598

  • Article VIII, general obligations of members

    • acceptance of obligations 606

    • bilateralism 599

    • bilateral payments arrangements 383

    • consultations, World Bank observer 732

    • payments restrictions 599, 603

    • restrictions 606

    • retention quotas 602

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

    • acceptance of obligations under 604

  • Article VIII, Section 2(a)

    • restrictions on current payments and transfers 598

    • undue delays as payment restrictions 606

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

    • interpretation 596

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

    • acceptance of obligations under 602, 604

    • multiple currency practices 604, 612

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

    • acceptance of obligations under 606

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

    • declaration of censure 624

    • handling of potential breaches 633

    • members obligations 620

    • procedures prior to report by the Managing Director to the Executive Directors 621

    • review, 2008 632

    • sanctions 624

    • strengthening effectiveness of 620, 629

  • Article IX, Section 5, immunity of archives 711

  • Article IX, Section 7, privilege for communications, interpretation 716

  • Article X, relations with other international organizations 927

  • 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) 718

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

  • Article XII, Section 4, Managing Director and staff 768

  • Article XII, Section 6, reserves, distribution of net income, and investment 769

  • Article XII, Section 6(d)

    • partial distribution of windfall gold sale profits 233

  • Article XII, Section 6(f)(ii) 782

  • Article XII, Section 6(f)(vi) 233

  • Article XII, Section 6(f)(ix) 233

  • Article XII, Section 7, publication of reports 786

  • Article XII, Section 7(a) 813, 931

  • Article XII, Section 8 801

  • Article XII, Section 8, proposed amendment 14

  • Article XIII, Section 2 584

  • Article XIV, exchange restrictions under transitional arrangements

    • availment of transitional provisions 604

    • bilateralism 599

    • commitment to current account convertibility 606

    • multiple currency practices 602

    • retention quotas 601

  • Article XIV, Section 2, exchange restrictions

    • maintenance of orderly exchange arrangements 612

    • multiple currency practices 612

    • restrictions related to national security 598

    • transitional arrangements 597, 600

    • undue delays as payments restrictions 606

  • Article XIV, Section 3, representation by the Fund

    • application 612

    • meaning of exceptional circumstances 614

  • Article XIV, Section 3 814

  • Article XVII, Section 3 233

  • Article XVII, Section 3, other holders of SDRs 824

  • Article XVIII 831

  • Article XVIII, Section 1(a), principles and considerations governing SDR allocation and cancellation 832

  • Article XVIII, Section 4(c)

    • allocation and cancellation of SDRs 832

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

    • donations 844

    • forward operations 843

    • loans 836

    • other holders 824

    • pledges 838

    • settlement of financial obligation 835

    • swap operations 842

    • transfers as secruity for the performance of financial obligations 840

  • Article XIX, Section 4, limit on SDR Department participants obligation to provide currency 548

  • Article XIX, Section 5, designation of participants to provide currency 846

  • Article XIX, Section 5(a)(i), designation plans 483, 849

  • Article XIX, Section 5(c), designation rules in SDR Department 849

  • Article XIX, Section 6(b), reconstitution 851

  • Article XIX, Section 7(a), calculation of exchange rates 549, 835, 836, 838, 840, 842

  • Article XX, Section 1, interest paid on holding of SDRs 824

  • Article XX, Section 2, SDR Department interest and charges 852

  • Article XX, Section 5, application against unpaid charges of SDRs acquired by participants after payment date 853

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

  • Article XXIII, Section 1, suspension of operations and transactions in SDRs 826

  • Article XXIV, Sections 1(a) and 1(b) 831

  • Article XXIV, Section 4 831

  • Article XXVI, Section 2(b) 906, 911

  • Article XXVI, Section 3, withdrawal from membership 551

  • Article XXIX, interpretation

    • New Arrangements to Borrow, interpretation outside the purview of Article XXIV 552

    • unenforceability of exchange contracts 544

  • Article XXIX(a), interpretation

    • authority of the Fund to use its resources 313, 901

    • privilege for communications, Article IX, Section 7 716

    • unenforceability of exchange contracts under Article VIII, Section 2(b) 596

  • Article XXIX(a), proposed amendment 15

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

    • exclusion of purchases and holdings from EFF 885

  • Article XXX(c)(iii), exclusion of purchases and holdings in credit tranches or under extended arrangements 885

  • Article XXX(f), freely usable currencies 886

  • Asian Development Bank

    • communications concerning members arrears to the Fund 864

    • exchange of documents with 753

    • prescribed holder of SDRs 827

  • Attribution, rule of

    • members indebted to Fund 489

    • reduction in Funds holdings of currency 497

  • Audit

    • external audit firm rotation 813

    • framework Administered Account 149

    • PRGF-HIPC Trust 260, 269

    • safeguards for use of Fund resources 314

    • Supplementary Financing Facility Subsidy Account 889

  • Authorized Fund signatories 768

B

  • Balance of payments need

    • conditionality 314

    • Fund-supported programs 316

    • lenders to ESAF Trust, need because of developments in reserves 226, 259

    • Precautionary and Liquidity Line 399

    • protracted balance of payments problems 519

    • Rapid Financing Instrument 420

  • Bank for International Settlements (BIS)

    • investment by Fund of currencies held by Borrowed Resources Suspense Accounts 585

    • investment by Fund of currencies received by SFF Subsidy Account 897

    • prescribed holder of SDRs 826

  • Bank-Fund collaboration

    • debt sustainability assessments 741

    • IMF-World Bank Concordat 721

    • World Bank observer status 733

  • Bank of Central African States

    • prescribed holder of SDRs 827

  • Bilateralism and convertibility 599

  • Bilateral payments arrangements

    • stand-by arrangement 383

    • three-month settlement rule, temporary exemption 600

  • Blackout periods

    • General Resources Account arrangements 338

  • Board of Governors Resolutions

    • Composite Resolution 903

    • quota and voice reform 1

    • SDR allocation, First Basic Period 831

    • SDR allocation, Ninth Basic Period 833

    • SDR allocation, Third Basic Period 832

  • Borrowed Resources Suspense Accounts

    • establishment 584

    • investment by the Fund of currencies held in 585

  • Borrowing by the Fund

    • guidelines 586

    • proposed modalities for 2012 589

  • Burden sharing

    • implementation in FY 2000 505

    • implementation in FY 2001 508

    • implementation in FY 2007 510

    • rate of charge, determination of 508

  • By-Laws

    • Section 20, audits 149, 257, 262, 813, 896

    • Section 22, compulsory withdrawal 865, 868, 869

C

  • Capital account crises

    • access policy 452

    • exceptional access policy, 2004 review 462

    • exceptional access policy, SRF 457

  • Capital flows

    • action to limit disequilibrium flows, Composite Resolution 918

    • institutional view of liberalization and management 61

    • role of the Fund 68

    • WTO, information on Fund decisions requesting a member to exercise capital controls 961

  • Capital transfers

    • controls by members 542

    • multiple currency practices applicable solely to 609

    • use of Funds resources for 611

  • Caribbean Development Bank (CDB) 753

  • Catastrophe Containment and Relief Trust

    • instrument to establish 295

    • Qualifying Public Health Disaster, definition 302

    • transformation of Post-Catastrophe Debt Relief Trust 220

    • transformation of the Post-Catastrophe Debt Relief Trust 294

    • Umbrella Account, terms and conditions for administration 309

  • Censure

    • draft declaration 868

  • Central African Economic and Monetary Union

    • surveillance over monetary and exchange rate policies 56

  • Charges

    • accounting for charges from members with overdue obligations 502

    • administrative account balances 885

    • extended arrangements 384

    • future changes in charges 499

    • media of payment in General Resources Account 501

    • payment by nonparticipant in the SDR Department 501

    • payment of net charges and assessment in the SDR Department for FY ended April 30, 1982 852

    • setoff in connection with a retroactive reduction of charges due by members in arrears 504

    • special charges on overdue financial obligations to the Fund 502, 504

    • stand-by arrangements 384

    • surcharge on purchases in credit tranches and under the EFF 499

    • value date for payments of special charges 503

    • waiver of special charges 503

  • Chinese renminbi

    • currency weights from October 16, 2016 821

  • Code of Good Practices on Transparency in Monetary and Financial Policies 359

  • Collateral 668

  • collateral guarantees on debt, international reserves template 668

  • Committee on Reform of the International Monetary System Composite Resolution 903

  • Communications, privilege for interpretation of Article IX, Section 7 716

  • Compensatory Financing Facility

    • indicative targets 318, 319, 320

    • repeal 347

    • repurchase expectation 493

    • repurchases 493

  • Compulsory withdrawal 868, 869, 870

  • Concessional financing

    • eligibility to use Funds facilities 524

  • Conditionality

    • benchmarks 318, 319, 320

    • consistency with WTO agreements with Fund member 747

    • consultation clauses 318

    • emergency financing mechanism 474

    • financing assurance reviews 320

    • first credit tranche 372

    • floating tranches 321

    • guidelines on 314

    • individual circumstances of members 315

    • letters of intent 318

    • modalities 317

    • monetary policy consultation clause (MPCC) 340

    • monetary policy regimes 340

    • national ownership 315

    • outcomes-based 317

    • ownership 315, 373

    • performance criteria 319

    • performance criteria and phasing, relationship 322

    • performance criteria with respect to foreign borrowing 329

    • PRGF-ESF arrangements 374

    • principles 314

    • prior actions 319, 350, 354, 374

    • program design 315

    • program review 319

    • public debt limits 327

    • review, 2012 324

    • stand-by arrangement, normal access to credit tranches 371

    • streamlining 373, 375

    • structural benchmarks 318

    • structural performance criteria inapplicable 343

    • waiver, adopting measures prior to granting of 318

    • waiver, nonobservance of performance criteria 321

  • Confidentiality

    • exchange of documents with other international agencies 753

    • FSAP Confidentiality Protocol 123

    • side letters 347

  • Consultation clause

    • stand-by arrangements 384

  • Consultations other than under Article IV

    • acceptance of obligations of Article VIII, Sections 2, 3, and 4 604

    • Article VIII restrictions 598, 599

    • Article XIV restrictions 599, 602, 732

    • bilateral agreements 599

    • competitive depreciation 608

    • conditionality, consultation clauses 318

    • multiple currency practices 602

    • prescribed holders of SDRs 826

    • PRGF-ESF, consultation with creditors 230

    • sale of members currencies 484

    • trade and payments restrictions, escalation 608

    • United Nations 928, 930

    • World Trade Organization 745

  • Contingent Credit Lines (CCLs)

    • extended arrangements and 385

  • Convertibility

    • acceptance of obligations of Article VIII, Sections 2, 3, and 4 603

    • bilateralism 599

    • currency 601, 603

    • current account of the balance of payments 603, 606

    • retention quotas 600

  • Cross-conditionality

    • avoidance 731

  • Currencies

    • attribution of reduction of Funds holdings 497

    • charges on Funds holdings in excess of quota 499

    • freely usable 826, 886, 894

    • General Resources Account 484, 488, 501, 514

    • guidelines for operational budget allocation of currencies, review 486

    • maintenance of value 514

    • repurchases 494

    • reserve asset payments 19

    • sale of currencies of members with outstanding purchases 484, 486

    • subscription to the Fund, ownership 17

    • use in operational budgets 483

  • Current international transactions (current account transactions)

    • bilateralism 599

    • multiple currency practices 609

    • payments arrears 435

    • restrictions involving WTO members 748, 961

    • restrictions on payments and transfers 599, 603

    • undue delays in availability or use of foreign exchange 606

D

  • Data provision to the Fund

    • for surveillance 628

  • Data provision to the Fund for surveillance

    • review, 2008 632

    • review, 2012 636, 637

  • Data Standards Initiative

    • ninth review, 2015 134

  • Debt limits

    • policy in Fund-supported programs

      • review, 2013 334

  • Debt operations

    • condition precedent clauses 447

    • management of the debt situation 448

    • mandatory prepayment 447

  • Debt-service ratio 282

  • Debt strategy

    • payments of arrears to creditors 434, 436, 606

  • Debt sustainability assessments 739

    • Fund-Bank collaboration 739

  • Debt sustainability framework

    • low-income countries 217

  • Declaration of censure 864

  • Declaration of ineligibility 868, 870

    • overdue financial obligations to the Fund 863

    • publicity 880

    • termination 880

    • timing 874

  • Declaration of noncooperation 864

    • draft declaration 868

    • publicity upon withdrawal 880

    • termination 880

    • timing 874

  • De-escalation of remedial measures 881

  • Default, sovereign 441, 475

  • Designation, SDR Department

    • acceptance limit 848

    • assessment of strength of balance of payments and governance position 483

    • rules for designation, review 846

    • rules for designation, revision 849

  • 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 923

    • establishment and composition 910

    • Executive Directors participation in meetings 912

    • HIPC Initiative 262, 270

    • Managing Directors participation in meetings 912

    • procedures 913

    • rules of procedure 922

    • WTO observer 749

  • Discrimination

    • balance of payments reasons 603

    • disputes between members, comparable treatment of creditors 436

    • multiple currency practices 615

    • nondiscriminatory treatment of members, use of general resources 315

  • Disputes between members

    • role of the Fund 448

E

  • Early repurchases

    • guidelines 493

    • members balance of payments and gross reserve position 493

  • Easing work pressures

    • omnibus paper 413

  • East African Development Bank

    • prescribed holder of SDRs 827

  • East Caribbean Currency Authority

    • prescribed holder of SDRs 827

  • Eastern Caribbean Central Bank

    • prescribed holder of SDRs 827

  • Eastern Caribbean Currency Union

    • surveillance over monetary and exchange rate policies 57

  • Economic Development Document

    • Poverty Reduction and Growth Trust 223

  • Emergency assistance

    • post-conflict countries 248

    • PRGF-HIPC Trust qualification 249

    • repeal and replacement by Rapid Financing Instrument 425

    • repurchase 494

  • Emergency financing mechanism (EFM)

    • conditions for activation 476

    • early repurchase 478

  • Enhanced General Data Dissemination Standard (e-GDDS)

    • endorsed by Executive Board 135

  • Enhanced General Data Dissemination Standard (eGDDS)

    • access by the public 701

    • automated monitoring arrangements 708

    • dimensions 692

    • Dissemination Standards Bulletin Board 707

    • implementation 706

    • integrity and credibility 702

    • purposes and framework 692

    • quality 705

    • reviews and withdrawal 710

  • Enhanced Structural Adjustment Facility (ESAF) Trust (transformed intoPoverty Reduction and Growth Facility (PRGF) Trust)

    • blend of general and SAF/ESAF resources 878

    • borrowing for Loan Account, consultation with creditors 230

    • eligible members 525

    • establishment 230, 534

    • gold pledge 878

    • gold, use of 231

    • legal documentation 232

    • loans in conjunction with SAF loans 522

    • loans to Trust as members official reserves 232

    • operational agreements 230

    • overdue financial obligations to Fund 859

    • performance criteria 229

    • prior actions 356

    • rescheduling not available 231

    • rights accumulation program 877

    • Structural Adjustment Facility, assistance in conjunction with 522

    • Subsidy account 535

    • transformation to PRGF Trust 226

    • use of SDRs 829

  • Enhanced surveillance

    • Article VIII obligations 606

  • Enlarged access

    • repurchases 451

  • Euro

    • currency weights from October 16, 2016 820

    • freely usable currency 886

    • rates for computation and maintenance of value 515

  • Euro area members

    • surveillance over monetary and exchange rate policies 55, 742

  • European Bank for Reconstruction and Development (EBRD)

    • exchange of documents with 753, 755

  • European Central Bank (ECB)

    • observer status 742

  • European Commission (EC)

    • Article IV consultations 55

    • exchange of documents with 754, 757

  • European Investment Bank (EIB)

    • exchange of documents with 753

  • Exceptional access policy 452

  • 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) 596

  • Exchange controls

    • nonsovereign arrears stemming from imposition 441

  • Exchange of documents with other international agencies

    • ad hoc requests 754

    • Article IV consultation staff reports 749, 754

    • changes in procedures 754

    • criteria for access 752

    • Recent Economic Developments reports 750

    • technical assistance reports 751

    • use of Fund resources staff papers 755

  • Exchange rate policies

    • euro area 54

  • Exchange rates

    • coherence in global policymaking 746

    • computations and maintenance of value 514

    • computations and maintenance of value (value date) 514

    • fixed 610

    • floating guidelines 917

    • fluctuating 22, 611

    • General Arrangements to Borrow 549

    • New Arrangements to Borrow 550

    • unification in multiple rate systems 615

  • Exchange restrictions

    • approval by Fund 607

    • Article VIII, Section 2, 3, and 4 obligations 604

    • avoidance of escalation 608

    • balance of payments reasons 605

    • bilateralism 599

    • competitive depreciation 608

    • consultations with Fund 604, 607

    • discrimination for balance of payments reasons 603

    • Fund representation in exceptional circumstances under Article XIV, Section 3 613, 814

    • guiding principle on whether a measure is an exchange restriction 604

    • non-balance of payments reasons 605

    • performance criteria, stand-by arrangement 382

    • retention quotas 600

    • security reasons 598

    • transitional arrangements under Article XIV 601, 604

    • undue delays 542, 606

    • World Trade Organization, information on Fund approval 961

  • Exchange subsidies 22

  • Exchange taxes 22, 610, 615

  • Executive Board

    • Alternate Executive Directors, additional 9

    • Code of Conduct 759

    • meetings, procedural guidelines 766

    • notification of exchange arrangements 21

    • reform of, Resolution 66-2 5

    • report on Eleventh General Review of Quotas 1, 348

    • side letters procedures 347

  • Executive Directors

    • IMFC meetings participation 905

    • voting power, effect of adjustment of quota 759

  • ex post assessments

    • press releases 803

  • Ex-post assessments

    • discontinued 416

  • Extended arrangements

    • charges 384

    • completion of reviews 389

    • Consultation clauses 384

    • form, standard 380

    • ineligiblity 858

    • misreporting and noncomplying purchases 351, 355

    • overdue financial obligations to the Fund 856

    • phasing 381

    • structural performance criteria not applicable 343

  • Extended Fund Facility

    • applicable situations 377

    • arrangements for periods not exceeding four years 378

    • charges 379

    • form of extended arrangement 385

    • phasing of purchases 379

    • repurchases 379

    • review 380

    • stand-by arrangement policies applicable 379

    • waiver of conditions of Article V, Section 3(b)(iii) 379

  • External Audit Committee 813

  • External audit of Fund financial statements 813

  • External debt

    • management of debt situation 447

  • External debt performance criteria

    • concessionality, definition 337

    • stand-by arrangement 382

F

  • Financial Action Task Force

    • Fund collaboration with 133

  • Financial Action Task Force (FATF)

    • endorsement of methodology 140

    • Fund collaboration with 141

  • Financial Sector Assessment Program (FSAP)

    • Bank-Fund collaboration 123

    • Confidentiality Protocol 123

    • coverage of macroprudential frameworks 121

    • Financial Stability Assessments (FSSAs) 119

    • offshore financial centers (OFCs) 136

    • review, 2014 121, 162

    • stability assessments, mandatory 119

  • Financial Stability Board

    • membership of the Fund 755, 757

  • First credit tranche purchase

    • elimination of payments arrears 434

    • liberal Fund attitude 372

    • reasonable efforts test 372, 434

  • First credit tranche stand-by arrangements

    • phasing and performance clauses omitted 372

  • Fiscal agency

    • safeguards on use of Fund resources when fiscal agent not central bank 359

  • Flexible Credit Line

    • ARA metric 408, 412

    • Emergency Financing Mechanism procedures not applicable 392

    • establishment 393

    • indicators of institutiional strength 408

    • indicators of institutional strength 412

    • performance criteria not applicable 390

    • phasing not applicable 390

    • qualification criteria 389

    • review (2011) 401

    • review, 2014 404, 409

    • review no later than November 2014 420

  • Forms

    • draft declaration on censure or noncooperation 868

    • draft first letter to all Governors regarding a members overdue financial obligations to the Fund 866

    • draft second letter to all Governors regarding a members overdue financial obligations to the Fund 867

    • extended arrangement 385

    • stand-by arrangement 380

  • Fourteenth General Review of Quotas 5

  • Fragile situations, countries in

    • unique challenges 215

  • Framework Administered Account for Selected Fund Activities

    • instrument to establish 151

  • Framework Administered Account for Technical Assistance Activities

    • adoption of Instrument to establish 146

    • Instrument to establish 146

    • investment of resources 148

    • Pacific Financial Technical Assistance Centre Subaccount 149

  • Freely usable currency

    • renminbi 815

  • Fund-Bank collaboration

    • attendance at Fund Board Meetings 732

  • Furnishing of information to the Fund 351, 620

G

  • G-20 mutual assessment process

    • role of the Fund 129

  • General Agreement on Tariffs and Trade (GATT)

    • Fund collaboration with 744, 918

    • import restrictions for balance of payments reasons 605

    • Voluntary Declaration on Trade and Other Current Account Measures 918

  • General Arrangements to Borrow (GAB) 543

    • borrowing by the Fund, guidelines 586

    • emergency financing mechanism 474

    • interest 521

    • letter from Frances Minister of Finance to U.S. Secretary of the Treasury 555

    • participants and amounts of credit 553

    • quotas, Eleventh General Review 1

    • repayment by the Fund 547

    • sales of currencies of members indebted to Fund 489

    • transferability of claims 557

    • use of credit arrangements for nonparticipants 553

  • General Data Dissemination System (GDDS)

    • phased approach 691

    • purposes 690

  • General Resources Account (GRA)

    • adjustment of Fund holdings of members currency 515

    • annual reimbursement of PRGF-ESF Trust expenses 539

    • designation, assessment of strength of members balance of payments and gross reserve position 483

    • gold held, sale 538

    • maintenance of value 515

    • media payment in 501

    • misreporting and noncomplying purchases 351

    • overdue charges 503

    • rates for computation and maintenance of value 514

    • repayment expectation under PRGF Trust, failure to meet 226

    • rights approach 878

    • rules, applicability to PRGF Trust administration 228

    • sale of currencies at the request of members with outstanding purchase 486

    • sale of SDRs by the Fund for payment for increase in quota 492

    • specification of currencies by the Fund 487

    • Subsidy Account, reimbursement of administrative expenses 896

    • transfers of SDRs instead of currencies under Article V, Section 3(f) 484

  • Gold

    • gold pledge for use of ESAF Trust resources 878

    • harmonization of excess holdings of SDRs 847

    • interim administered account for remaining windfall gold sales profit 237

    • interim administered account for windfall gold sales profits 233

    • ownership of gold and currency for subscriptions 17

    • payment for repurchases 496

    • use of gold sales profits in Investment Account 785

  • Governance issues

    • Article IV consultations 79

    • corruption 74, 77, 78

    • HIPC Initiative 267

    • macroeconomic impact test for Fund involvement 74, 80

    • policy advice 74, 76

    • role of the Fund 690, 691

    • technical assistance 74

    • technical issues 74, 76

    • transparency 74, 78

    • use of Fund resources 80

  • Gross reserve position

    • assessment for purposes of designation plans, operational budgets, and early repurchases 486

  • Guidelines

    • access by members to Fund’s general resources 448

    • allocation of currencies, operational budget 486

    • borrowing by the Fund 586

    • conditionality 314, 372

    • corrective action 351, 356

    • designation plans 483

    • early repurchases, guidelines 493, 497

    • Fund staff collaboration with the WTO 744

    • governance issues 73

    • misreporting and noncomplying purchases 351

    • operational budget 483

    • payment of reserve assets for subscription 17

    • performance criteria and phasing 322

    • performance criteria with respect to foreign borrowing, discount rate for assessing concessionality 337

    • public debt conditionality 329

    • SDR valuation basket, calculation of currency amounts 821

    • selection of currencies by the Fund 485, 487

H

  • Heavily Indebted Poor Countries (HIPC) Initiative

    • status of implementation, 2005 282

  • Heavily Poor Countries (HIPC) Initiative

    • status of implementation (2011) 280

I

  • Immunities and Privileges of Specialized Agencies, United Nations Convention 934

  • Immunity of Fund officials

    • policy statement 718

  • Import restrictions for balance of payments reasons

    • GATT 434

    • stand-by arrangements 383

  • Income position

    • assessment under Article XX, Section 4, for FY 2014 854

    • assessment under Article XX, Section 4, for FY 2015 854

    • Catastrophe Containment and Relief Trust reimbursement for FY 2015 897

    • MDRI-I Trust reimbursement for FY 2014 289

    • PCDR Trust reimbursment for FY 2014 896

    • placement of FY 2014 net income of GRA to the Special Reserve and the General Reserve 782

    • PRGT reimbursement for FY2014 209

    • PRGT reimbursement for FY 2015 210

    • PRGT Reserve Account Transfer to Subsidy Account 512

    • PRGT Reserve Account transfer to Subsidy Account, FY 2012 and FY 2013-14 512

    • rate of charge for FY 2015 and 2016 513

    • rate of charge for FY 2016 513

    • transfer of currencies to the Investment Account for FY 2013 782

    • transfer of investment income for FY 2014 to GRA 781

    • transfer of investment income for FY 2015 to GRA 781

  • Ineligibility to use Fund resources

    • declaration of ineligibility 624, 867, 880

    • extended arrangements 856

    • limitation and ineligibility under Article V, Section 5 491

    • publicity 880

    • stand-by arrangements 383, 856

  • Inter-American Development Bank (IDB)

    • communication regarding members arrears to the Fund 864

    • exchange of documents with 753

  • Interest

    • means of payment under Trust Fund 887

    • Poverty Reduction and Growth Trust 182

    • PRGF-HIPC Trust, interest-free loans 255

  • Interim Committee

    • governance 357

    • International Monetary and Financial Committee, transformation of Interim Committee into 905

    • rules of procedures 921

    • safeguards for use of Fund resources 357

    • terms of reference 907

  • International Court of Justice 930

  • International Development Association (IDA)

    • HIPC Initiative 267, 268

    • prescribed holder of SDRs 827

  • International Financial Statistics (IFS) 631

  • International Fund for Agricultural Development (IFAD)

    • prescribed holders of SDRs 827

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

    • Fourteenth General Review of Quotas 5

    • participation of Executive Directors in meetings 906

    • participation of Managing Director in meetings 906

    • procedures 907

    • terms of reference 907

  • International organizations

    • transmittal of Fund documents 751

  • Interpretation

    • Article IX, Section 7, privilege for communications 716

    • Articles of Agreement 313

    • Article VIII, Section 2(b), unenforceability of exchange contracts 596

    • Article VI, use of Fund resources for capital transfers 313

    • Article XIV, Section 3, Fund representation in exceptional circumstances on withdrawal of Article XIV, Section 3 restrictions 814

  • Investigation of Fund activities, cooperation procedures 713

  • Investment Account

    • amendment of rules and regulations, 2015 771

    • Endowment Subaccount 778

    • establishment 769

    • Fixed Income SubAccount 774

    • Fixed-Income Subaccount and Endowment Subaccount) 772

    • investment strategy for the fixed-income subaccount, review, 2015 769

    • objective 771

    • responsibilities of Managing Director 772

    • sources of assets 771

    • use of gold sales profits 785

    • use of investment income 773

  • Investment authority of the Fund

    • additional considerations 782

  • Islamic Development Bank (IsDB)

    • exchange of documents with 753

    • prescribed holder of SDRs 827

J

  • Japanese yen

    • currency weights from October 16, 2016 820

    • freely usable currency 886

    • weight in SDR valuation basket 820

  • Joint Staff Advisory Notes

    • streamline modalities, amendments to 279

  • Joint Staff Assessments 273

L

  • Lapse of time procedures

    • program review, completion 419

    • program reviews, completion 413

    • transmittal of supplementary information to WTO 745

  • Lending into arrears 442

    • review of policy 447

  • Letters of intent (LOIs)

    • deletion from documents released to aid agencies 717, 755

    • side letters 347

  • Loan Account

    • borrowing for 184

  • Low-income countries

    • access to concessional resources 431

    • concessional financing framework 430

    • concessional financing framework, reform of 164

    • contingency financing 431

    • debt sustainability framework 217

    • design of PRGT arrangements 432

    • fragile situations 215

    • Fund support in public health disasters 220

    • poverty reduction strategies of the Fund 222

    • review of facilities 430

    • role of the Fund 428

M

  • Maintenance of value

    • overdue adjustments 859

    • rates for computations 514

  • Managing Director

    • authorized signatories 768

    • consultation with creditors for additional borrowing for PRGF Trust Loan Account 230

    • consultation with member on changes in exchange rate policies 22

    • consultation with member with outstanding purchases on sale of currency 489

    • Development Committee, participation in meetings of 909

    • General Arrangements to Borrow, proposals for calls 553

    • International Monetary and Financial Committee, participation in meetings of 906

    • nondiscriminatory treatment of members 316

    • use of Fund resources, recommendation regarding approval 316

  • Medium-term budget, FY 16-18

    • streamlining proposals 418

  • Misreporting and noncomplying disbursements, PRGF-ESF Trust

    • prior action, accuracy of information 354

    • repayment expectation 244, 253

    • safeguards for use of Fund resources 358

    • waiver of applicability or for nonobservance of performance criteria 229

  • Misreporting and noncomplying purchases

    • publication of cases 811

  • Misreporting and noncomplying purchases, General Resources Account

    • corrective action 351

    • performance criteria or other conditions, accuracy of information 351, 355

    • prior actions, accuracy of information 356

    • safeguards for use of Fund resources 357

    • waivers 352

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

    • corrective action 159

  • Misreporting and noncomplying purchases, PRGF and PRGT facilities

    • corrective action 203

  • Misreporting in de minimis cases

    • Article VIII, Section 5 626

    • de minimis, definition 353

    • General Resources Account 354

    • Policy Support Instrument 161

    • Special PRGF Operations for HIPC 252

  • Monetary policy regimes

    • conditionality 340

  • Moral hazard 425, 453, 464, 475

  • Multilateral Debt Relief Initiative

    • status of implementation (2011) 280

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

    • liquidation 286

    • Post-MDRI-II Interim Administered Account 286

    • transfer of remaining balances 289

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

    • liquidation 290

  • Multiple currency practices

    • approval 22, 615

    • approval criteria, when imposed for balance of payments reasons 605, 618

    • approval criteria, when imposed for non-balance of payments reasons 605

    • Article IV consultations 619

    • balance of payments reasons 610, 618

    • capital transactions 619

    • consultation with Fund prior to changes 609, 610

    • discrimination 618

    • exchange taxes 615

    • jurisdiction of the Fund 612

    • nonbalance of payments reasons 610, 618

    • official action 617

    • policy in 1947 608

    • policy in 1957 616

    • policy in 1998 617

    • simplification of complex rate systems 616

    • spread 617

    • statement to members transmitting Funds decisions 608

    • unification of exchange rates as basic Fund objectives 615

  • Mutual assessment process

    • G-20 129

N

  • New Arrangements to Borrow

    • establishment 543

    • new participants 575

    • rollback of credit arrangements 580

  • New Arrangements to Borrow (NAB)

    • activation period 563

    • adherence 561

    • Fourteenth General Review of Quotas 8

    • General Terms and Conditions for NAB Notes 566

    • Interest 566

    • meeting of participants 579

    • rates of exchange 549

    • Special Calls 565

    • transferability 570

    • transferability of claims 583

    • withdrawal from membership 573

    • withdrawal of adherence 573

  • Noncooperation draft declaration 864

  • Nondiscriminatory treatment of members

    • Use of Fund resources 315

  • Nordic Investment Bank

    • prescribed holder of SDRs 827

  • Note Purchase Agreement

    • issuance of notes by Fund to official sector 594

O

  • Observer status in the Fund

    • European Central Bank 742

    • World Bank 732

    • World Trade Organization 749, 962

  • Observer status of the Fund

    • World Bank 732

    • World Trade Organization 962

  • Official clearing and payments arrangements

    • temporary exemption from three-month settlement rule 600

  • Offshore financial centers (OFCs)

    • integration of assessment program with FSAP 136

  • Operational budgets

    • assessment of strength of members balance of payments and gross reserve position 483

    • guidelines for operational budget allocation of currencies, review 486

    • specification of currencies by the Fund 486, 487

    • transfers of SDRs under Article V, Section 3(f) 484

  • Organization for Economic Cooperation and Development (OECD)

    • exchange of documents 755

  • Overdue financial obligations to the Fund

    • accounting charges 502

    • Annual Report (IMF) 862

    • complaint by Managing Director 862

    • compulsory withdrawal 864, 865, 868, 869

    • declaration of censure 864, 868

    • declaration of ineligibility 863, 868, 870, 872, 880

    • declaration of noncooperation 865, 869, 871, 880

    • de-escalation of remedial measures 881

    • draft first letter to all Governors 866

    • draft second letter to all Governors 867

    • Eleventh General Review of Quotas 1

    • ESAF, no access to 858

    • extended arrangements and 856

    • flexibility in de-escalation policy because of Qualifying Catastrophic Disaster 883

    • Ninth General Review of Quotas 863, 872

    • nontoleration of arrears to official creditors 436

    • overdue maintenance of value adjustments 859

    • Overseas Economic Cooperation Fund (OECF) 337

    • preferred creditor status of Fund 859, 869, 872

    • prevention/deterrence measures, strengthened timetable of procedures 873

    • PSI, nonapproval 156

    • requests for the use of Fund resources under a stand-by or extended arrangements, management will not submit 856

    • review period 857

    • setoff in connection with retroactive reduction of charges 504

    • stand-by arrangements and 856

    • strengthened cooperative strategy 869, 879

    • suspension of voting rights 873

    • technical assistance suspension 883

P

  • Paris Club

    • debt rescheduling and Fund arrangements or programs 872

    • lending into arrears to official bilateral creditors 437

    • PRGF qualification for assistance 249

    • rescheduling discussions 754

    • rescheduling in the absence of Fund arrangement 872

    • rescheduling operations, Fund opposition to matching 427

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

    • Fund lending into nonsovereign arrears 443

    • Fund lending into sovereign arrears 443

    • Fund policies and procedures 440

    • performance criteria 434

  • Performance criteria under Fund arrangements

    • accuracy of information 354

    • conditionality guidelines 314

    • definition 319

    • first credit tranche, not subject to 372

    • number and content of 319

    • omitted in stand-by arrangements within first credit tranche 372

    • phasing, relationship 322

    • reporting on implementation, confidentiality relating to 350

    • side letters 351

    • structural performance criteria not applicable 343

    • waiver for nonobservance 321, 352, 353

    • waiver of applicability 321, 353

  • Phasing and performance criteria under Fund arrangements

    • omitted in stand-by arrangements within first credit tranche 372

    • operational guidelines 322

    • relationship 322

  • Policy Support Instrument

    • program reviews 157

  • Policy Support Instrument (PSI)

    • application of Guidelines on Conditionality 162

    • assessment criteria 159

    • definition 155

    • documents required 156

    • Economic Development Document (EDD) 156

    • eligibility 155, 156

    • misreporting 160

    • policy on arrears 162

    • policy on side letters 162

    • provision of Fund technical services 155

    • review 163

    • structural assessment criteria not needed for monitoring 163

    • termination 162

  • Position in the Fund 487

  • Post-Catastrophe Debt Relief Trust

    • establishment 294

    • flexibility in de-escalation policy with respect to overdue payments to the Fund 883

    • transformation to Catastrophe Containment and Relief Trust 293

    • Umbrella Account 312

  • Post-conflict emergency assistance 266, 269

  • Post-MDRI-II Interim Administered Account

    • establishment 286

    • instrument to establish 286

  • Post-Program Monitoring

    • Article IV consultation 481

    • publication policies 479

    • streamlining proposals under the FY 2016-18 budget 418

  • Pound sterling

    • currency weights from October 16, 2016 820

    • freely usable currency 886

    • weight in SDR valuation basket 820

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

    • contributions, value date for operations and transactions 230

    • decision waivering of the applicability of a performance criterion 355

    • instrument to establish 168

    • modalities of gold pledge under rights approach 537

    • other provisions 226

    • prior actions, accuracy of information 354

    • repayment expectation 226

    • transformation to Poverty Reduction and Growth Trust 164

    • waiver of performance criteria, accuracy of information 229

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

    • performance criteria 229

    • performance criteria, accuracy of information 229

    • prior action, accuracy of information 356

    • repayment expectation 226

    • waiver of applicability or for nonobservance of performance criterion 354

  • Poverty Reduction and Growth Trust

    • access limits 425

    • accuracy of data to assess observance of performance criteria 229

    • assistance, amount of 177

    • assistance, eligibility and conditions 170

    • Economic Development Document 223

    • eligibility and conditions for assistance 170

    • eligibility criteria 527

    • eligibility, criteria for graduation 528

    • eligibility framework, review, 2015 524

    • Extended Credit Facility 164, 168

    • failure to meet repayment obligation or expectation 226

    • instrument to establish 168

    • interest rate structure, review 212

    • loans, terms of 182

    • misreporting and noncomplying disbursements 203

    • Note Purchase Agreement 225

    • overdue financial obligations 205

    • Rapid Credit Facility 169

    • Standby Credit Facility 168

    • Subsidy Accounts 189

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

    • instrument to establishment, adoption of Instrument 233

  • Poverty Reduction Strategy Papers (PRSPs)

    • core principles 275

    • definition 245

    • progress 272

    • role in HIPC initiative 248

  • Poverty Reduction Strategy (PRS)

    • conflict-affected states, special requirements 278

    • goals 276

    • Millennium Development Goals (MDGs), achievement of 276

    • review 275

  • Poverty Strategy Reduction Paper (PSRP)

    • followed by Joint Staff Advisory Paper 279

  • Precautionary and Liqudity Line

    • conditionality 395

  • Precautionary and Liquidity Line

    • access limits 395

    • ARA metric 408, 412

    • balance of payments need 396

    • duration 394

    • eligibility 393

    • establishment to replace Precautionary Credit Line 401

    • indicators of institutional strength 408, 412

    • relationship between performance criteria and phasing not applicable 322

    • review, 2014 404, 409

    • review no later than November 2012 400

    • safeguards assessment 421

  • Precautionary and Liquidity Line Arrangements

    • terms and conditions 393

  • Precautionary Credit Line

    • repealed 400

    • review (2011) 401

  • Preferred creditor status of Fund 265, 425, 869, 872

    • overdue financial obligations to the Fund 859

  • Press releases

    • Article IV consultations 793

    • Executive Board consideration of FSAP reports 793

    • regional surveillance discussions 793

    • use of Fund resources or Policy Support Instrument 792

  • Prior actions

    • accuracy of information regarding implementation 355

    • definition 318

    • implementation under PRGF 354

    • reporting on implementation, confidentiality relating to 350

    • side letters 350

    • use in emergency financing mechanism 476

    • use in Extended Credit Facility, Standby Credit Facility and Exogenous Shocks Facility 356

    • use in Policy Support Instrument 160

  • Program reviews 319

    • ex-post evaluations, multi-country 416

    • lapse of time completion 413

    • procedural deadlines for completion 417

  • Protracted balance of payments problem 519

  • Publication

    • authorization and consent 786

    • country documents 787

    • Fund policy documents 796

    • multi-country documents 797

    • transparency policy 786, 802

    • web posting of Poverty Reduction Strategy documentation 805

  • Public debt limits

    • conditionality 327

  • Public health disasters

    • Fund support for low-income countries 220

  • Publicity

    • suspension of voting rights 810

    • termination of suspension of voting rights 810

  • Purchase transactions

    • resumption of purchases under stand-by arrangement after decision of formal ineligibility 383

    • suspension of transactions under stand-by arrangement 383

    • temporary suspension under Article XXVII, effect on GAB 551

Q

  • Quotas

    • ad hoc increases 20

    • Eleventh General Review 1

    • Fourteenth General Review 5

    • Ninth General Review 872

    • payments of reserve assets in connection with subscription 17

    • sales of SDRs by Fund to members for quota payments 492

    • Seventh General Review 18, 492, 833, 849

    • Sixth General Review 18

    • voice and quota, reform of 1

    • voting power and adjustment of quotas 759

R

  • Rapid Credit Facility

    • assistance under RCF 175

    • lending into arrears to official bilateral creditors 440

    • low-income countries in fragile situations 215

  • Rapid Financing Facility

    • balance of payments need 420

  • Rapid Financing Instrument

    • access limits 421, 425

    • establishment to replace emergency assistance policy 402

    • lending into arrears to official bilateral creditors 440

    • outright purchases 421

    • review, 2014 404

    • terms and conditions 420

  • Recent Economic Developments reports (REDs)

    • balance of payments consultations, WTO 745

    • transmittal to multilateral agencies 745

  • Reconstitution of SDRs

    • abrogation of rules 851

  • Reform of the Executive Board, Resolution 66-2 5

  • Renminbi

    • freely usable currency 818

  • Repayment expectations, PRGF Trust 226, 244, 253

  • Reports on Observance of Standards and Codes (ROSCs)

    • anti-money laundering initiatives 142

    • assessment principles 139

    • no longer circulationed to Executive Directors in hard copy form discontinued 131

    • surveillance 632

  • Repurchase expectations

    • attribution of reduction of currency 497

    • Compensatory Financing Facility 493

    • failure to meet and extended arrangements 353, 356

    • failure to meet and stand-by arrangements 356

    • misreporting and noncomplying purchases 351, 356

  • Repurchases

    • assessment of strength of members balance of payments and gross reserve position 483

    • attribution of reductions in Funds holdings of currencies 497

    • credit tranches 495

    • early repurchases, guidelines 497

    • emergency assistance 495

    • gold, acceptance in payment 496

    • gold, obligation to pay 496

    • procedures 495

    • Schedule B 496, 497

    • SDRs 496

    • selection of currencies by Fund 484, 487

    • special charges on overdue repurchases 495

    • timing of repurchases within a calendar month 495

  • Reserve position, gross

    • assessment for purposes of designation plans, operational budgets, and early repurchases 483

  • Reserve tranche position

    • administrative accounts 885

    • attribution of reductions in Funds holdings of currencies 497

    • balances held in Administrative Account 885

    • extended arrangements 885

    • remunerated position 19

  • Reserve tranche purchases, exclusion of purchases and holdings

    • credit tranches 885

    • extended arrangements 885

    • General Arrangements to Borrow 548

  • Retention quotas 600

  • Reviews under Fund arrangements

    • stand-by arrangement 380

  • Revolving character of the Funds resources 451

  • Rights accumulation programs 363, 875, 878, 881

    • gold pledge 878

  • Rights approach

    • arrears to the Fund, reduction 875

    • extension of eligibility 883

    • gold pledge 875

    • modalities of gold pledge for use of PRGF Trust resources 537, 875

    • operational modalities 875

    • PRGF-HIPC Trust eligibility 247

    • PRGF-HIPC Trust qualification 249

    • three-year period norm 876

  • Rules and Regulations

    • Rule G-1, fiscal agency 550

    • Rule G-4, request for a purchase 491

    • Rule I-6(4)(a) 508, 511

    • Rule I-6(4)(b) 508, 511

    • Rule I-6(4), rate of charge 503, 504, 508, 894

    • Rule I-6, rate of charge(4) 511

    • Rule I-10, rate of remuneration 508, 511

    • Rule K-1 720

    • Rule O-2, valuation of currencies in terms of SDRs 515, 550, 835, 836, 838, 840, 842

    • Rule O-10, operational budget 484

    • Rule P-7, prescribed operation 835, 837, 838, 840, 843, 844

    • Rule P-9, recording of SDR transactions 828, 829, 836, 837, 839, 841, 843, 844, 845

    • Rule R-1 through Rule R-6, rules for reconstitution (abrogated) 851

S

  • Safeguards assessment policy

    • review of experience, 2010 366

    • review of experience, 2015 368

  • Safeguards assessment process

    • audits 358, 359, 360

    • confidentiality 360, 366

    • distinction between first and second stages no longer applicable 365

    • first stage 359, 365

    • Precautionary and Liquidity Line 399

    • Rapid Financing Instrument 421

    • reports to remain confidential 362

    • review 361

    • second stage 360, 365

  • Safeguards, use of Fund resources

    • benchmarks based on Code of Good Practices on Transparency in Monetary and Financial Policies 359

    • publication of audited central bank financial statements 359

  • Sales of currencies of members indebted to the Fund

    • sale of currencies at the request of members with outstanding purchases 489

  • Santiago Principles 70

  • Schedule B, transitional provisions 18, 496

  • 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 847

  • Schedule G, paragraph 1(a), reconstitution 851

  • Schedule J, settlement of accounts with withdrawing members 551

  • Schedule K, administration of liquidation 551

  • Schedule L

    • paragraph 1(b), proposed amendment 16

    • paragraph 3(c), proposed amendment 16

    • suspension of voting rights 906

  • Second Amendment

    • Article IV (surveillance over exchange rate policies) 18

    • payment of reserve assets in connection with subscription 18

    • repurchase under Schedule B 496

    • surveillance over exchange rate policies 18

  • Security reasons, exchange restrictions for 598

  • Short-Term Liqudity Facility

    • repeal 347

  • Side letters, use of Fund resources 347

  • Small states

    • Fund’s engagement with 52

  • Sovereign default 441, 475

  • Sovereign wealth funds

    • generally accepted principles and practices (GAPPs) 70

    • Santiago Principles 70

  • Special Contingent Account

    • additions to 858

  • Special Data Dissemination Standard Plus (SDDS Plus)

    • dimensions 677

    • Dissemination Standards Bulletin Board 682

    • establishment 677

    • implementation 682

    • purpose and framework 677

  • Special Data Dissemination Standard (SDDS)

    • coverage 640

    • flexibility 644

    • purpose and framework 639

    • subscription 647

  • Special Data Dissemination Standards (SDDS)

    • access by the public 677

    • balance-sheet approach 630

    • liquidity management 630

  • Special Data Disseminaton Standard (SDDS)

    • Dissemination Standards Bulletin Board 647

  • Special Disbursement Account (SDA)

    • investment 517

    • PRGF-HIPC Trust 244, 258

    • repayment expectation under PRGF Trust, failure to meet 226

    • Structural Adjustment Facility administration 517

    • termination and transfer of resources from Trust Fund 888

    • termination of assistance from SAF in conjunction with loans from ESAF Trust 537

    • transfer of resources to the ESAF Trust and retransfer to the SDA 535

  • Special drawing rights (SDRs)

    • allocation for first basic period 831

    • allocation for the ninth basic period 833

    • allocation for third basic period 832

    • contributions to PRGF-HIPC Trust 247

    • currency weights 819

    • currency weights from October 16, 2016 820

    • designation rules, revision 849

    • euro, weight in valuation basket 820

    • harmonization of excess holdings 847

    • holders prescribed by the Fund 826, 827

      • African Development Bank 827

      • African Development Fund 827

      • Andean Reserve Fund 827

      • Arab Monetary Fund 827

      • Asian Development Bank 827

      • Bank for International Settlements 826

      • Bank of Central African States 827

      • Central Bank of West African States 827

      • East African Development Bank 827

      • East Caribbean Currency Authority 827

      • Eastern Caribbean Central Bank 827

      • European Central Bank 827

      • International Bank for Reconstruction and Development (World Bank) 827

      • International Development Association 827

      • International Fund for Agricultural Development 827

      • Islamic Development Bank 827

      • Nordic Investment Bank 827

    • means of repayment by members on indebtedness under loan agreements 888

    • payment of net charges and assessment in the SDR Department for FY ended April 30, 1982 852

    • PRGF-HIPC Trust unit of account and media of payment 298

    • reconstitution, abrogation of rules 851

    • reserve asset payments 17

    • rules for designation, review 846

    • sales by the Fund for payment of subscriptions 17

    • sales by the Fund for the payment of charges 502

    • terms and conditions for accepting, holding, or using SDRs 824

    • transfers of SDRs for purchases under Article V, Section 3(f) 484

    • U.S. dollar, weight in valuation basket 820

    • use in donations 844

    • use in ESAF Trust operations or under an administered acount 829

    • use in forward operations 843

    • use in loans 836

    • use in payment of Trust Fund obligations 828, 887

    • use in pledges 838

    • use in PRGF-HIPC Trust operations or under an administered account 829

    • use in repurchases 495

    • use in settlement of financial obligations 835

    • use in Structural Adjustment Facility operations 828

    • use in subsidy payment from SFF Subsidy Account 828

    • use in swap operations 842

    • use in transfers as security for the performance of financial obligations 840

    • valuation method from October 16, 2016 818

  • Specification of currencies 487

  • Staff reports on Article IV consultations

    • document exchange with WTO 752

    • transmittal to international agencies 751, 753

  • Staff reports on enhanced surveillance

    • transmittal by members to creditors 126

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

    • publication policy 806

  • Standards and Codes Initiative

    • crisis resolution and deposit insurance, new policy areas 132

    • review (2011) 131

  • Stand-by arrangements

    • access to credit tranches, normally through 370

    • arrangements not international agreements 318

    • conditionality guidelines 314

    • consultation clauses 318, 383

    • contractual connotation avoidance 318

    • duration, normal 372

    • emergency purchases and 422

    • first credit tranche 372

    • form, standard 380

    • ineligibility 383

    • ineligiblity 858

    • misreporting and noncomplying purchases 351, 354, 355

    • noncomplying purchases 353

    • nondiscriminatory treatment of members 316

    • overdue financial obligations to the Fund 856

    • performance criteria, accuracy of information 354

    • performance criteria with respect to external debt 337, 382

    • period for 372

    • phasing 372

    • policies and procedures 372

    • PRGF-HIPC Trust eligibility 248

    • PRGF-HIPC Trust qualification 248

    • prior actions, accuracy of information 354

    • program evaluation 321

    • repurchase 384

    • repurchase expectation 352, 353, 384

    • reserve tranche purchases 885

    • review 381

    • structural performance criteria not applicable 343

    • suspension of right to engage in transactions 383

    • uniform treatment of members 316

    • waiver for nonobservance of performance criteria 352, 354, 355

    • waiver of applicability of performance criteria 354, 355

  • Stand-By Arrangements

    • completion of reviews 389

  • Strengthened cooperative strategy

    • de-escalation of remedial measures 881

    • procedures 870

    • reversibility of actions 880

  • Structural Adjustment Facility (SAF)

    • access, potential 519, 525

    • amounts of assistance 518

    • commitment period 519

    • commitment period, new 523

    • disbursements 520, 523

    • eligible members list 525

    • income from investment and loans 534

    • loans under Enhanced Structural Adjustment Facility (ESAF) 522

    • protracted balance of payments problem 519

    • purposes 518

    • qualification for assistance 519

    • resources 518

    • SDRs, use in operations 828, 829

    • terms of loans 520

  • 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 766

  • Supplemental Reserve Facility (SRF)

    • exchange rate for payment of subsidies 917

    • overdue financial obligations 383

    • repeal 347

  • Supplementary Financing Facility (SFF) Subsidy Account 867

    • eligible members 893

    • exchange rate for payment of subsidies 898

    • instrument to establish 890

    • investment 892

    • means of subsidy payments 898

    • rescheduling in cases of serious hardship 889

    • resources 890

    • SDRs, use of 828

    • subsidy amount 892

    • suspension of transfers and re-transfer of surplus 898

    • transfer from Special Disbursement Account 891

  • Surveillance

    • 2012 Decision on Bilateral and Multilateral Surveillance 25

    • Article IV consultations 36

    • bilateral surveillance, 2012 Decision 28

    • Central African Economic and Monetary Union 56

    • currency unions 29

    • data provision 628

    • Eastern Caribbean Currency Union 58

    • euro area 54, 55

    • 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 629, 632

    • scope 28

    • Special Data Dissemination Standards 631

    • stability assessments under FSAP mandatory 119

    • systemically important financial sectors 119

    • systemic stability 28

    • triennial review, 2014 41

    • West African Economic and Monetary Union 60

  • Suspension of membership 862

  • Suspension of voting rights

    • participation in International Monetary and Financial Committee 906

  • Swiss National Bank

    • GAB participant 554

  • Systemically Important Financial Sectors

    • conceptual framework 113

T

  • Technical assistance

    • cooperation with Trusteeship Council 929

    • exchange rate system simplification 616

    • members not cooperating with the Fund 864

    • transmittal of reports to international agencies 751

  • Trade

    • role of trade in Fund work 69

    • Trade Integration Mechanism 432

    • trade-related balance of payments adjustments 432

  • Trade Integration Mechanism 432

  • Trade restrictions

    • avoidance of escalation 608, 918

    • import restrictions for balance of payments reasons, GATT 605

    • import restrictions for balance of payments reasons, stand-by arrangements 383

    • WTO involvement 745

  • Tranche policies

    • first credit tranche 372

    • floating tranche 321

  • Transparency

    • archives, access by outside persons 711

    • foreign reserves management 359

    • governance 74

    • presumed publication of country staff reports 806

    • review of policy, 2013 786

    • safeguards for use of Fund resources 360

    • use of Fund resources 811

  • 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 242

    • instrument to establish 242

  • 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 241

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

    • administration of 256

    • amendment of 258

    • Annual Progress Report (APR) 245

    • assistance amount 250

    • completion point 244, 251, 252, 253, 254, 264, 266, 267, 268

    • contributions by other donors 259

    • debt sustainability 243, 244, 248, 250, 251, 253, 265

    • debt sustainability analysis 243

    • debt-to-exports ratio 244, 253, 268

    • debt-to-revenue ratio 244

    • decision point 243, 244, 248, 249, 250, 251, 252, 270, 282

    • eligibility 247, 274

    • grace period on loans 255

    • grants and loans 247

    • Guidelines on Misreporting 245

    • implementation, progress 266

    • implementation, review 270

    • interest 244, 255

    • interim assistance 260

    • Interim Poverty Reduction Strategy Papers (I-PRSPs) 272

    • investment of resources 246, 257, 259

    • Joint Staff Advisory Note (JSAN) 245

    • liquidation 257

    • maturity of loans 254

    • operation and liquidation 257

    • Paris Club 244, 248, 251, 266, 272, 283

    • performance-related conditions 252, 260

    • Poverty and Social Impact Analysis (PSIA) 278

    • Poverty Reduction Strategy Papers (PRSPs) 245, 248, 267, 270, 277

    • qualification for assistance 248

    • rescheduling of payments not allowed 254

    • retransfers authorized 260

    • SDRs, use in operations 260, 829

    • self-sustained operations 244, 258, 270

    • special charges on overdue interest and repayments 503

    • Special Disbursement Account, transfers from 246

    • streamlining preliminary HIPC documents 274

    • subsidies for interim PRGF operations 255

    • terms of assistance 254

    • track record of performance 265, 267, 271, 274, 284

    • Trust Account and resources 246

  • 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) 245

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

    • status of implementation (2011) 280

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

    • completion point 282

    • decision point 282

    • eligibility and eligible members 284

    • implementation status 282

    • sunset clause 258, 284

  • Trust Fund

    • final direct distribution of profits 888

    • means of repayment by members on their indebtedness under loan agreement 888

    • SDRs, use in payment of Trust Fund obligations 828

    • special charges on overdue financial obligations 502, 888

    • termination and transfer of resources to Special Disbursement Account 888

    • terms of repayment of final loan disbursement and amendment of Trust instrument 890

U

  • Undue delay in availability or use of foreign exchange 542, 606

  • Uniformity of treatment principle

    • post-conflict assistance 426

    • use of Funds general resources 316

  • United Nations

    • exchange of documents with 928

    • UNDP, exchange of documents with 753

    • Uniting for Peace General Assembly Resolution 902

  • United States (U.S.) dollars

    • currency weights from October 16, 2016 820

    • financial statements of Framework Account, expressed in 148

    • maintenance of value, rates for computation 515

    • means of payment by members on indebtedness under Trust Fund loan agreements 888

    • medium of payment, loan disbursements, repayments, and interest under GAB 521

    • medium of payment, PRGF-HIPC Trust 246

    • payment of special charges on overdue payments, Trust Fund loans 504

    • payments of interest on members indebtedness under Trust Fund loans 887

    • weight in SDR valuation basket 820

  • Use of Fund resources

    • accordance with purposes of the Fund 313

    • arrears, resolving the problem of 866

    • authority of the Fund to use its resources 313

      • Resolution 313

      • resolving problem of arrears 313

    • capital transfers 313, 541

    • concessional financing, eligibility 532

    • conditionality guidelines 314

    • financing current account deficits 313

    • Flexible Credit Line 344, 389

    • form, extended arrangement 385

    • form, stand-by arrangement 380

    • ineligibility, effect on purchases under stand-by arrangement 383

    • ineligibility under Article V, Section 5 491

    • interpretation of Articles of Agreement 313

    • limitation and ineligibility under Article V, Section 5 491

    • meaning of 314

    • meaning of with the provisions of this Agreement Article V, Section 3 313

    • nondiscriminatory treatment of members 316

    • performance criteria and phasing 322

    • postponement and limitation under Article V, Section 5 491

    • repayment expectation under PRGF-ESF Trust, failure to meet 226

    • repeal of CFF, SRF, and Short-term Liquidity Facility 346

    • resumption of purchases under stand-by arrangement after decision of formal ineligibility 383

    • safeguards, strengthening of 357

    • side letters 347, 350

    • suspension of exchange transactions, effect on General Arrangements to Borrow 551

    • suspension of transactions under stand-by arrangements 383

  • Use of Fund Resources

    • failure to meet repayment obligation or expectation to PRGT 226

    • summings up no longer prepared 812

    • transparency 811

V

  • Voluntary Declaration on Trade and Other Current Account Measures 918

  • Voting power majority

    • compulsory withdrawal 871

W

  • Waiver of performance criteria

    • applicability 321, 354, 355

    • nonobservance 354, 355

    • nonobservance under PSI 159

  • Waiver of special charges 503

  • World Bank (International Bank for Reconstruction and Development)

    • agreement with WTO 956, 957, 959

    • Bank-Fund collaboration 721, 732, 733

    • Bank-Fund Concordat 734

    • collaboration with Fund and WTO 748, 749

    • Development Committee 909

    • Fund-Bank Concordat 721

    • governance 74, 77

    • HIPC Initiative 263, 270, 273

    • investment by Fund of currencies received by SFF Subsidy 897

    • observer status in the Fund 732, 733

    • prescribed holder of SDRs 827

    • PRGF-HIPC Trust 243

    • rights approach 876

    • suspension of voting rights 873

  • World Economic Outlook (WEO)

    • multilateral surveillance 315

    • WTO observer status 962

  • World Trade Organization (WTO)

    • balance of payments consultations 745

    • coherence in global policymaking 746

    • consistency of policy advice and obligations 746

    • cross-conditionality, avoidance 747

    • document exchange 750

    • Fund staff observer at WTO meetings 962

    • guidelines/framework for Fund staff collaboration 744

    • IMF-WTO Agreement, text 960

    • lapse of time procedure in transmittal of supplementary information to WTO 745

    • observer status 749

    • resolution of open jurisdictional issues 748

    • suspension of transactions under stand-by arrangements 383

    • WTO staff observer at Executive Board meetings 961

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