Chapter

Reports of the Joint Procedures Committee

Author(s):
International Monetary Fund. Secretary's Department
Published Date:
November 1992
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ChairmanMorocco
Vice ChairmenMalawi, Venezuela
Reporting MemberHungary

Other Members

Antigua and Barbuda, Australia, Belgium, Comoros, Côte d’Ivoire, France, Germany, Guyana, Islamic Republic of Iran, Ireland, Japan, Malaysia, Norway, Saudi Arabia, Tonga, Uganda, United Kingdom, United States

Report I1

September 22, 1992

Mr. Chairman:

At the meeting of the Joint Procedures Committee held on September 21, 1992, two items of business on the agenda of the Board of Governors of the International Monetary Fund were considered.

The Committee submits the following report and recommendations:

1. Membership of the Republic of San Marino

The Committee considered the Report by the Executive Board on the admission of the Republic of San Marino to membership in the International Monetary Fund set forth in Fund Document No. 6.

The Committee recommends that the Board of Governors of the Fund adopt the draft resolution attached to the said Report.2

2. 1992 Regular Election of Executive Directors

The Committee considered the Report by the Executive Board on the 1992 Regular Election of Executive Directors, including draft regulations [Annex I] for the conduct of the election, set forth in Fund Document No. 7.

The Committee recommends that the Board of Governors of the Fund adopt the draft resolution and accompanying draft regulations attached to the said Report.3

Approved:

/s/ Mohamed Berrada/s/ Mihaly Kupa
Morocco—ChairmanHungary—Reporting Member

Annex I to Report I

Regulations for the Conduct of the 1992 Regular Election of Executive Directors

  1. Definitions: In these Regulations, unless the context shall otherwise require:

    • (a) “Articles” means the Articles of Agreement of the Fund.

    • (b) “Board” means the Board of Governors of the Fund.

    • (c) “Chairman” means the Chairman or Vice-Chairman acting as Chairman of the Board.

    • (d) “Governor” includes the Alternate Governor or any temporary Alternate Governor when acting for the Governor.

    • (e) “Secretary” means the Secretary or any Acting Secretary of the Fund.

    • (f) “Election” means the 1992 Regular Election of Executive Directors.

    • (g) “Eligible votes” means the total number of votes that can be cast in an election.

  2. Date of Election: The election shall be held during a plenary session of the Annual Meeting to be held Wednesday, September 23, 1992.

  3. Eligibility: The Governors eligible to vote in the election shall be all of the Governors except those of the members that:

    • (a) are entitled to appoint an Executive Director pursuant to Article XII, Section 3(b)(i);

    • (b) have notified the Managing Director, in accordance with the procedure established by the Executive Board, of their intention to appoint an Executive Director pursuant to Article XII, Section 3(c).

  4. Schedule E: Subject to the Supplementary Regulations set forth herein, the provisions of Schedule E of the Articles shall apply to the conduct of the election.

  5. Number of Executive Directors to be Elected: Nineteen Executive Directors shall be elected. “Nineteen persons” shall be substituted for “fifteen persons” in paragraphs 2, 3, and 6, and “eighteen persons” shall be substituted for “fourteen persons,” and “nineteenth” shall be substituted for “fifteenth” in paragraph 6 of Schedule E.

  6. Proportion of Votes Required to Elect: In paragraphs 2 and 5 of Schedule E “four percent” and in paragraphs 3, 4, and 5, “nine percent” shall not be changed.

  7. Nominations:

    • (a) Any person nominated by one or more Governors eligible to vote in the election shall be eligible for election as an Executive Director.

    • (b) Each nomination shall be made on a Nomination Form furnished by the Secretary, signed by the Governor or Governors making the nomination and deposited with the Secretary.

    • (c) A Governor may nominate only one person.

    • (d) Nominations may be made until 5:00 p.m. on the day before the day on which the election is scheduled to be held. The Secretary shall post and distribute a list of the candidates.

  8. Supervision of the Election: The Chairman shall appoint such tellers and other assistants and take such other actions as he deems necessary for the conduct of the election.

  9. Ballots and Balloting:

    • (a) One ballot form shall be furnished, before a ballot is taken, to each Governor eligible to vote. On any particular ballot only ballot forms distributed for that ballot shall be counted.

    • (b) Each ballot shall be conducted by the deposit of ballot forms, signed by Governors eligible to vote, in a ballot box.

    • (c) When a ballot has been completed, the Chairman shall cause the ballots to be counted and the names of the persons elected to be announced promptly after the tellers have completed their tally of the ballot forms. If a succeeding ballot is necessary, the Chairman shall announce the names of the candidates to be voted on and the members whose Governors are entitled to vote.

    • (d) If the tellers shall be of the opinion that any particular ballot is not properly executed, they shall, if possible, afford the Governor concerned an opportunity to correct it before tallying the results, and such ballot form, if so corrected, shall be deemed valid.

    • (e) If a Governor does not vote for any candidate when entitled to do so, he shall not be entitled to vote on any subsequent ballot and his votes shall not be counted under Article XII, Section 3(i)(iii) toward the election of any Executive Director.

    • (f) If, at the time of any ballot, a member does not have a duly appointed Governor, such member shall be taken not to have voted on that ballot.

    • (g) If a second or subsequent ballot would be required under Schedule E, but the number of remaining candidates is equal to the number of vacancies to be filled, those candidates shall be deemed to have been elected on the preceding ballot, provided that paragraph 14 of these Regulations shall apply.

  10. If on any ballot there are more candidates than the number of Executive Directors to be elected and two or more candidates tie with the lowest number of votes, no candidate shall be ineligible for election in the next succeeding ballot, but if the same situation is repeated on such succeeding ballot, the Chairman shall eliminate by lot one of the candidates from the following ballot.

  11. If any two or more Governors having an equal number of votes shall have voted for the same candidate and the votes of one or more, but not all, of such Governors could be deemed under paragraph 4 of Schedule E to have raised the total votes received by the candidate above nine percent of the eligible votes, the Chairman shall determine by lot the Governor or Governors, as the case may be, who shall be entitled to vote on the next ballot.

  12. When on any ballot the number of candidates is the same as the number of Executive Directors to be elected, and no candidate is deemed to have received more than nine percent of the eligible votes, each candidate shall be considered elected by the number of votes received even though a candidate may have received less than four percent of the eligible votes.

  13. If the votes cast by a Governor raise the total votes received by a candidate from below to above nine percent of the eligible votes, the votes cast by the Governor shall be deemed under paragraph 4 of Schedule E not to have raised the total votes of the candidate above nine percent.

  14. Any member whose Governor has voted on the last ballot for a candidate not elected may, before the effective date of the election as set forth in section 16 below and subject to the limits specified above on the total number of votes that may be cast toward the election of an Executive Director, designate an Executive Director who was elected, and that member’s votes shall be deemed to have counted toward the election of the Executive Director so designated.

  15. Announcement and Review of Result:

    • (a) After the last ballot, the Chairman shall cause to be distributed a statement setting forth the result of the election.

    • (b) The Board of Governors, at the request of any Governor, will review the result of the election in order to determine whether, in light of the objectives set forth in Chapter O, Section 2 of the Report by the Executive Directors to the Board of Governors on the Proposed Second Amendment to the Articles of Agreement, an additional Executive Director should be elected to serve for the term of office commencing November 1, 1992.

  16. Effective Date of Election of Executive Directors: The effective date of election shall be November 1, 1992, and the term of office of the elected Executive Directors, and of any Executive Director appointed under Article XII, Section 3(c), shall commence on that date. Incumbent elected Executive Directors shall serve through October 31, 1992.

  17. General: Any question arising in connection with the conduct of the election shall be resolved by the tellers, subject to appeal, at the request of any Governor, to the Chairman and from him to the Board. Whenever possible, any such question shall be put without identifying the members or Governors concerned.

As approved by Board of Governors Resolution No. 47–19, September 22, 1992

Report III1

September 22, 1992

Mr. Chairman:

The Joint Procedures Committee met on September 21, 1992, and submits the following report on matters of common interest to all the organizations.

Under Other Business, the Committee considered the matter of the representation of Haiti, Somalia, and Yugoslavia at the 1992 Annual Meetings. The Committee gave its endorsement to the approach under which the delegation designated by the government of President Jean-Bertrand Aristide would be seated as the representative of Haiti and no delegation seeking to represent Somalia and Yugoslavia would be seated at the meetings.

Approved:

/s/ Mohamed Berrada/s/ Mihaly Kupa
Morocco—ChairmanHungary—Reporting Member

Report IV1

September 24, 1992

Mr. Chairman:

At the meeting of the Joint Procedures Committee held on September 23, 1992, items of business on the agenda of the Board of Governors of the International Monetary Fund were considered.

The Committee submits the following report and recommendations:

1. 1992 Annual Report

The Committee noted that provision had been made for the annual discussion of the business of the Fund.

2. Report of the Chairman of the Interim Committee

The Committee noted the presentation made by the Chairman of the Interim Committee.2

The Committee recommends that the Board of Governors of the Fund thank the Interim Committee for its work.

3. 1992 Regular Election of Executive Directors

The Committee noted that the 1992 Regular Election of Executive Directors of the Fund [Annex I] had taken place and that the next Regular Election of Executive Directors will take place at the Annual Meeting of the Board of Governors in 1994.

4. Financial Statements, Report on Audit, and Administrative Budget

The Committee considered the Report on Audit for the financial year ended April 30, 1992, the Financial Statements contained therein (Fund Document No. 8 and Appendix IX of the 1992 Annual Report), and the Administrative Budget for the financial year ending April 30, 1993 and the Capital Budget for capital projects beginning in financial year 1993 (Fund Document No. 10 and Appendix VIII of the 1992 Annual Report).

The Committee recommends that the Board of Governors of the Fund adopt the draft resolution set forth in Fund Document No. 9.3

Approved:

/s/ Mohamed Berrada/s/ Mihaly Kupa
Morocco—ChairmanHungary—Reporting Member

Annex I to Report IV

Statement of Results of Election, September 23, 1992

Candidate Elected4Members Whose Votes Counted Toward Election5Number of Votes
Muhammad Al-JasserSaudi Arabia32,274
G. K. AroraBangladesh3,125
Bhutan275
India22,327
Sri Lanka2,481
28,208
CHE, PeiqinChina24,159
C. Scott ClarkAntigua and Barbuda300
The Bahamas914
Barbados591
Belize345
Canada29,660
Dominica290
Grenada310
Ireland3,684
Jamaica1,705
St. Kitts and Nevis295
St. Lucia325
St. Vincent290
38,709
Jacques de GrooteAustria8,006
Belarus2,120
Belgium21,054
Czechoslovakia6,150
Hungary5,557
Kazakhstan1,900
Luxembourg1,020
Turkey4,541
50,348
E. A. EvansAustralia16,442
Kiribati275
Korea4,878
Marshall Islands265
Mongolia500
New Zealand4,866
Papua New Guinea909
Philippines4,654
Seychelles280
Solomon Islands300
Vanuatu340
Western Samoa310
34,019
Renato FilosaAlbania500
Greece4,249
Italy29,341
Malta701
Portugal4,016
San Marino315
39,122
Ingimundur FridrikssonDenmark7,360
Estonia560
Finland5,999
Iceland846
Latvia860
Lithuania940
Norway7,240
Sweden10,893
34,698
J. E. IsmaelFiji615
Indonesia10,347
Lao People’s Democratic Republic543
Malaysia5,756
Myanmar1,620
Nepal623
Singapore1,174
Thailand4,116
Tonga282
Viet Nam2,018
27,094
Daniel KaeserAzerbaijan1,030
Kyrgyzstan680
Poland7,050
Switzerland17,250
Turkmenistan570
Uzbekistan1,580
28,160
Alexandre KafkaBrazil14,863
Colombia4,192
Dominican Republic1,371
Ecuador1,757
Guyana742
Haiti691
Panama1,272
Suriname743
Trinidad and Tobago1,951
27,582
Konstantin G. KagalovskyRussia29,010
Roberto MarinoCosta Rica1,091
El Salvador1,140
Guatemala1,330
Honduras928
Mexico11,905
Nicaragua932
Spain13,110
Venezuela13,965
44,401
Abbas MirakhorAfghanistan1,117
Algeria6,481
Ghana2,295
Islamic Republic of Iran6,850
Morocco3,316
Pakistan5,713
Tunisia1,632
27,404
L. J. MwananshikuAngola1,700
Botswana471
Burundi677
Ethiopia956
The Gambia421
Kenya1,670
Lesotho401
Liberia963
Malawi622
Mozambique860
Namibia950
Nigeria8,745
Sierra Leone829
Sudan1,947
Swaziland497
Tanzania1,320
Uganda1,246
Zambia2,953
Zimbabwe2,160
29,388
G.A. PosthumusArmenia700
Bulgaria3,350
Cyprus947
Georgia990
Israel4,716
Moldova850
Netherlands22,898
Romania5,484
Ukraine6,900
46,835
Corentino V. SantosBenin563
Burkina Faso566
Cameroon1,177
Cape Verde295
Central African Republic554
Chad556
Comoros295
Congo623
Côte d’Ivoire1,905
Djibouti330
Equatorial Guinea434
Gabon981
Guinea829
Guinea-Bissau325
Madagascar914
Mali758
Mauritania589
Mauritius786
Niger587
Rwanda688
Sao Tome and Principe290
Senegal1,101
Togo634
Zaïre3,160
18,940
A. Guillermo ZoccaliBahrain739
Egypt4,884
Kuwait6,603
Lebanon1,037
Maldives270
Qatar1,399
Syrian Arab Republic1,641
United Arab Emirates2,276
18,8496
A. Guillermo ZoccaliArgentina11,380
Bolivia1,157
Chile4,655
Paraguay734
Peru3,559
Uruguay1,888
23,373
/s/ Graham H.R. Chipande

(Malawi)

Teller
/s/ Victoria Hurtado de Manzano

(Venezuela)

Teller

Report VI1

September 24, 1992

Mr. Chairman:

The Joint Procedures Committee met on September 23, 1992 and submits the following report and recommendations:

1. Development Committee

The Committee noted that the Report of the Chairman of the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries (Development Committee) has been presented to the Boards of Governors of the Fund and the Bank pursuant to paragraph 5 of Resolutions Nos. 29–9 and 294 of the Fund and the Bank, respectively (Fund Document No. 5 and Bank Document No. 4).2

The Committee recommends that the Boards of Governors of the Fund and the Bank note the report and thank the Development Committee for its work.

2. Officers and Joint Procedures Committee for 1992/93

The Committee recommends that the Governor for Hungary be Chairman, and that the Governors for Mexico and Zimbabwe be Vice Chairmen, of the Boards of Governors of the Fund and of the World Bank Group, to hold office until the close of the next Annual Meetings.

It is further recommended that a Joint Procedures Committee be established to be available, after the termination of these meetings and until the close of the next Annual Meetings, for consultation at the discretion of the Chairman, normally by correspondence and, if the occasion requires, by convening; and that this Committee shall consist of the Governors for the following members: Argentina, The Bahamas, Benin, China, Egypt, Estonia, France, Germany, Honduras, Hungary, Indonesia, Japan, Mexico, Mongolia, New Zealand, Nigeria, Pakistan, Spain, Tanzania, United Kingdom, United States, Zimbabwe.

It is recommended that the Chairman of the Joint Procedures Committee shall be the Governor for Hungary, and the Vice Chairmen shall be the Governors for Mexico and Zimbabwe, and that the Governor for China shall serve as Reporting Member.

Approved:

/s/ Mohamed Berrada/s/ Mihaly Kupa
Morocco—ChairmanHungary—Reporting Member

Report I and the Resolutions contained therein were adopted by the Board of Governors of the Fund in Joint Session of the Board of Governors of the Bank, IFC, and IDA, on September 22, 1992.

Resolution No. 47–20; see pages 307–309.

Resolution No. 47–19; see page 307.

Report II dealt with the business of the Boards of Governors of the Bank, IFC, and IDA. Report III was adopted by the Boards of Governors of the Fund and of the Bank in Joint Session, on September 22, 1992.

Report IV and the Resolutions contained therein were adopted by the Board of Governors of the Fund, in Joint Session with the Boards of Governors of the Bank, IFC, and IDA, on September 24, 1992.

See pages 28-30.

Resolution No. 47–21; see page 310.

Iraq, Jordan, Libya, Oman, and the Republic of Yemen cast their votes for Mohamed Finaish, who was not elected. No second ballot was needed.

This total does not include the votes of Cambodia, Somalia, South Africa, and Yugoslavia, which did not participate in the 1992 Regular Election of Executive Directors.

The total voting power of A. Shakour Shaalan was increased to 32, 871, when, pursuant to Section 14 of the Regulations for the Conduct of the Election (see page 250), Iraq, Jordan, Libya, Oman, and the Republic of Yemen designated him to cast their votes (5,290, 989, 5,407, 881, and 1,455, respectively).

Report V dealt with the business of the Boards of Governors of the Bank, IFC, and IDA. Report VI and the recommendations contained therein were adopted by the Boards of Governors of the Fund and the Bank, IFC, and IDA, in Joint Session on September 24, 1992.

See pages 31-33.

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