Front Matter

Front Matter

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

AND SELECTED DOCUMENTS OF THE INTERNATIONAL MONETARY FUND

THIRTY-NINTH ISSUE

WASHINGTON, DC

MARCH 31, 2017

© 2017 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: 978-1-47559-599-4 (paper)

ISBN-13: 978-1-48430-657-4 (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.bookstore.imf.org

Preface

This volume is the Thirty-Ninth 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issues, that is, those that only completed or called for reviews of decisions, those that lapsed, and those that were superseded by more recent decisions.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.

The Thirty-Ninth Issue may be accessed online at the Fund’s external website (through the site index of www.imf.org) and at the IMF eLibrary (www.elibrary.imf.org).

Sean Hagan

The General Counsel

Director of the Legal Department

Contents

List of Decisions by Number

NumberPage
1946–1951
71-2313, 541
117-1814
170-317
180-5759
237-2608
284-3491
284-4314
286-1491
287-3313
408-21
446-4597
534-3717
1952-2007
144-(52/51)599
201-(53/29)602
433-(55/42)600
541-(56/39)542
649-(57/33)616
955-(59/45)603
1034-(60/27)605
1238-(61/43)313, 541
1289-(62/1)554
3153-(70/95)434, 606
4134-(74/4)608
4239-(74/67)499
4377-(74/114)380
5392-(77/63)92
5590-(77/163)516
5702-(78/39)501
5703-(78/39)497
5712-(78/41)21
6000-(79/1) S836
6001-(79/1) S838
6053-(79/34) S839
6054-(79/34) S841
6056-(79/138)77, 322
6172-(79/101)495
6209-(79/124) S846
6230-(79/140)329, 337
6266-(79/156)17
6273-(79/158) G/S484, 846
6274-(79/158)484, 485
6275-(79/158) G/S484
6336-(79/178) S843
6337-(79/178) S844
6352-(79/183)484
6358-(79/188) TR887
6437-(80/37) S845
6467-(80/71) S826
6484-(80/77) S827
6486-(80/77) S827
6487-(80/77) S827
6488-(80/77) S827
6489-(80/77) S827
6540-(80/98) TR888
6609-(80/126) S827
6663-(80/160) S492
6683-(80/185) G/TR896, 897
6704-(80/185) TR518, 889
6709-(80/189) S823
6718-(81/1) S827
6774-(81/35)489
6790-(81/43)617
6793-(81/45)890
6830-(81/65)380, 885
6831-(81/65)498
6832-(81/65) S851
6844-(81/75)585
6845-(81/75)586
6854-(81/78) SBS897
6908-(81/101) S827
7060-(82/23)885
7064-(82/26) S827
7086-(82/42) S827
7116-(82/68) S852
7142-(82/85) TR887
7229-(82/136) S827
7337-(83/37)554
7427-(83/83)92
7582-(83/174) S827
7628-(84/25)559
7629-(84/25)559
7707-(84/79) S827
7842-(84/165)177, 339
354, 355
383, 387
7908-(85/26)856
7925-(85/38)322, 324, 400
7930-(85/41)502
7989-(85/81) SBS898
8165-(85/189) G/TR504
8185-(86/9) SBS/S898
8186-(86/9) SBS/S828
8222-(86/45)97
8237-(86/56) SAF536
8238-(86/56) SAF517
8239-(86/56) SAF829
8240-(86/56) SAF526
8241-(86/56) SAF534
8271-(86/74)505
8433-(86/175)502
8642-(87/101) S/TR828
8648-(87/104)619
8733-(87/159)554
8757-(87/176) SAF/ESAF535
8759-(87/176) ESAF166
8760-(87/176)536
8845-(88/61) ESAF165
8846-(88/61) ESAF165
8937-(88/118) ESAF/S829
8955-(88/126)497
9605-(90/170)768
9862-(91/156)589
10175-(92/129)554
10176-(92/129)554
10182-(82/132)380
10286-(93/23) ESAF539
10305-(93/32)810
10365-(93/67)98
10464-(93/130)380, 395
10531-(93/170) SAF535
10749-(94/67)600
10942-(95/33)146
10968-(95/43)744
11248-(96/38)337
11381-(96/105)956, 965
11428-(97/6)577
11429-(97/6)584
11436-(97/10)805
11492-(97/45)242
11609-(97/112)554
11627-(97/123) SRF347
11698-(98/38) ESAF262
11832-(98/119) ESAF167, 227
11837-(98/121)487
11846-(98/125)54
11857-(98/130)886
11861-(98/131) ESAF242
11945-(99/49)507
11976-(99/59) S850
12062-(99/130)830
12067-(99/108)350
12087-(99/118) PRGF228, 242
12152-(00/21)517
12189-(00/45)510
12239-(00/71)759
12249-(00/77)354, 357
12250-(00/77)355
12251-(00/77)355
12252-(00/77)167
12253-(00/77)356
12254-(00/77)229
12278-(00/86)389
12329-(00/113)827
12346-(00/117)500
12424-(01/13)715
12546-(01/84)869
12548-(01/84)356
12559-(01/85) PRGF230
12661-(02/6)93
12662-(02/6)131
12663-(02/6)812
12696-(02/27)242, 251, 252
12697-(02/27) ESAF260, 262
12864-(02/102)322
12865-(02/102)372
12879-(02/113)554
12881-(02/113)577
12884-(02/114)140
12899-(02/119)56
12925-(03/1)744
13004-(03/39)230
13005-(03/39)898
13183-(04/10)628
13229-(04/33)433
13454-(05/26)480
13561-(05/85)163
13564-(05/85)354
13589-(05/99)262
13590-(05/99) ESF167, 242
13654-(06/1)58
13655-(06/1)59
13656-(06/1)61
13707-(06/40)512
13710-(06/40) IA769
13774-(06/78)167
13775-(06/78)242
13797-(06/88)242, 259
13814-(06/98)138, 163, 322, 366, 433, 447, 500, 620, 628, 632
13849-(06/108)354
13911-(07/35)510
13919-(07/51)25, 417
13996-(07/100)577
13997-(07/100)554
14003-(07/107)413
14036-(08/1)447, 632
14039-(08/3)242
14059-(08/15)58
14060-(08/15)59
14061-(08/15)61
14062-(08/15)56
14064-(08/18)399, 449, 451
14065-(08/18)229
14093-(08/32)540
14107-(08/38)628
14153-(08/82)163, 167
14184-(08/93)347, 451, 480
14235-(09/1)163, 447
14253-(09/8)163, 167, 280
14260-(09/11)93
14280-(09/29)343
14281-(09/29)324
14282-(09/29)347
14283-(09/29)372, 393,

400, 407
14284-(09/29)451, 480
14285-(09/29)500
14287-(09/29)167, 380,
497, 498
14294-(09/31)150
14317-(09/41)164
14354-(09/79)163, 166,

167, 189,

227, 229,

242, 243,

356, 433,

512, 628
14367-(09/65)589
14379-(09/67)595
14407-(09/105)340, 380
14487-(09/125)129
14496-(09/126)510
14498-(09/126)713
14517-(10/1)744
14521-(10/3)299, 532
14522-(10/3)526
14577-(10/35)562, 577
14593-(10/41)167, 226
14649-(10/64)295
14650-(10/64)294, 312
14714-(10/83)393
14715-(10/83)399, 400
14716-(10/83)451
14721-(10/80)577
14725-(10/84)883
14728-(10/85)639
14736-(10/92)89, 91, 108
14747-(10/96)89, 91
14766-(10/115)96, 418, 713
14860-(11/23)3
15014-(11/110)568, 577
15015-(11/112)422
15017-(11/112)89, 322,

324, 400,

408, 451
15018-(11/112)242
15019-(11/112)400
15031-(11/115)242
15035-(11/116)167
15072-(12/1)577
15073-(12/1)568, 581
15092-(12/19)234, 498
15105-(12/17)532
15106-(12/21)91
15113-(12/24)380
15141-(12/39)512
15176-(12/58)589
15203-(12/72)25, 108
15207-(12/74)96
15211-(12/76)715
15224-(12/82)526
15225-(12/83)863
15226-(12/83)167
15228-(12/95)238
15256-(12/96)639
15257-(12/96)685
15262-(12/105)551
15303-(13/1)167
15314-(13/6)771
15320-(13/10)340
15333-(13/23)758
15350-(13/32)532
15351-(13/32)526
15352-(13/32)167
15354-(13/32)163
15355-(13/32)418
15356-(13/32)280
15420-(13/61)712, 713, 805
15462-(13/97)337
15481-(13/103)167, 173, 414, 418
15482-(13/103)167, 180
15494-(13/103)91
15495-(13/111)108, 113
15547-(14/19)713
15564-(14/29)685
15576-(14/36)167
15578-(14/37)854
15579-(14/37)289
15580-(14/37)897
15593-(14/46)393
15594-(14/46)400
15595-(14/46)422
15596-(14/46)408
15676-(14/94)510
15688-(14/107)163, 329
15692-(14/109)168
15706-(14/112)3
15708-(15/12)286, 287, 291, 295, 297
15763-(15/39)416, 418
15764-(15/39)451
15769-(15/41)897
15781-(15/43)782
15803-(15/62)168
15804-(15/62)163
15805-(15/62)805
15806-(15/62)805
15807-(15/62)280
15810-(15/63)290
15811-(15/63)286, 290
15818-(15/66)168
15819-(15/66)168, 177, 212
15820-(15/66)422
15821-(15/66)421, 422
15826-(15/67)685
15827-(15/67)692
15830-(15/70)589
15834-(15/73)532
15835-(15/73)526
15840-(15/77)234, 236
15853-(15/80)883
15857-(15/82)771
15890-(15/109)818
15891-(15/109)821
15914-(16/7)9
15931-(16/4)451
15941-(16/14)449, 451
15942-(16/14)400
15943-(16/14)500
15945-(16/14)89
15946-(16/14)480
15948-(16/15)371
15950-(16/18)91
15975-(16/33)312
15976-(16/33)212
15977-(16/33)781
15978-(16/33)782
15979-(16/33)782
15980-(16/33)513
16019-(16/61)480
16033-(16/17)821
16039-(16/75)238, 241
16040-(16/75)771
16042-(16/77)589
16051-(16/86)168, 209
16059-(16/91)168
16060-(16/91)211
16069-(16/95)823
16072-(16/96)925
16079-(16/99)574, 577, 583
16123-(17/1)7
16124-(17/1)7
A-9786-(93/20)752
A-11780718
A-13207418

List of Board of Governors’ Resolutions

NumberPage
IM-6901
6-8902
24-12832
29-7903
29-8903, 905
29-9903, 909, 915
29-10920
34-2492
34-3833
48-4909
54-9905
63-24
64-3834
66-216
67-2915

Interpretations Under Article XXIX(a)

Interpretations of Articles of Agreement (71-2) 313, 541, 604

Unenforceability of Exchange Contracts: Fund’s

Interpretation of Article VIII, Section 2(b) (446-4) 597

Interpretation of Article IX, Section 7 (534-3) 717

    Other Resources Citing This Publication