Chapter

Resolutions

Author(s):
International Monetary Fund. Secretary's Department
Published Date:
November 1996
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Resolution No. 51-1: Direct Remuneration of Executive Directors and Their Alternates

Pursuant to Section 14(e) of the By-Laws, the 1996 Joint Committee on the Remuneration of Executive Directors and Their Alternates on June 19, 1996 directed the Secretary of the Fund to transmit its report and recommendations to the Board of Governors of the Fund. The Committee’s report contained the following proposed Resolution for adoption by the Board of Governors.

In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on June 21, 1996 for a vote without meeting:

Resolved:

  • That, effective July 1, 1996, the annual rates of remuneration of the Executive Directors of the Fund and their Alternates pursuant to Section 14(e) of the By-laws shall be as follows:

    • (i) As salary, $135,880 per year for Executive Directors and $115,950 per year for their Alternates;

    • (ii) As supplemental allowance (for expenses, including housing and entertainment expenses, except those specified in Section 14(f) of the By-Laws), $9,000 per year for Executive Directors and $7,200 per year for their Alternates.

The Board of Governors adopted the foregoing Resolution, effective

Resolution No. 51-2: Forthcoming Annual Meetings

The Executive Board decided on July 15, 1996 that action in connection with the places and dates of forthcoming Annual Meetings from 1998 through 1999 should not be postponed until the next regular meeting of the Board of Governors.

In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on July 19, 1996for a vote without meeting:

Resolved:

  • That the 1998 and 1999 Annual Meetings shall be convened in Washington, D.C. beginning on October 6, 1998, and on September 28, 1999;

  • That the invitation of the Government of the Czech Republic to hold the Annual Meetings in Prague in 2000 be accepted; and

  • That the 2000 Annual Meetings be convened on Tuesday, September 26, 2000.

The Board of Governors adopted the foregoing Resolution, effective August 26, 1996.

Resolution No. 51-3: 1996 Regular Election of Executive Directors

The Executive Board resolved on July 24, 1996 that action in connection with the regulations for the conduct of the 1996 regular election of Executive Directors should not be postponed until the time of the next regular meeting of the Board of Governors at which the election would take place.

In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on July 26, 1996 for a vote without meeting:

Resolved:

  • (i) That the proposed Regulations for the Conduct of the 1996 Regular Election of Executive Directors are hereby adopted; and

  • (ii) That a Regular Election of Executive Directors shall take place at the Annual Meeting of the Board of Governors in 1998.

The Board of Governors adopted the foregoing Resolution, effective August 26, 1996.

Resolution No. 51-4: Financial Statements, Report on Audit, and Administrative and Capital Budgets

Resolved:

  • That the Board of Governors of the Fund considers the Report on Audit for the Financial Year ended April 30, 1996, the Financial Statements contained therein, and the Administrative Budget for the Financial Year ending April 30, 1977 and the Capital Budget for capital projects beginning in Financial Year 1997 as fulfilling the requirements of Article XII, Section 7 of the Articles of Agreement and Section 20 of the By-Laws.

The Board of Governors adopted the foregoing Resolution, effective October 3, 1996

Resolution No. 51-5: Amendments of the Rules and Regulations

Resolved:

  • That the Board of Governors of the Fund hereby notifies the Executive Board that it has reviewed the amendment of Rule O-l, which has been made since the 1995 Annual Meeting, and has no changes to suggest.

The Board of Governors adopted the foregoing Resolution, effective October 3, 1996.

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