Front Matter

Front Matter

International Monetary Fund. Secretary's Department
Published Date:
October 1976
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Summary Proceedings of the Thirty-First Annual Meeting of the Board of Governors, October 4–8, 1976: Supplement

Page 130: Article XIX, Section 2(a), should read:

(a) A participant shall be entitled to use its special drawing rights to obtain an equivalent amount of currency from a participant designated under Section 5 of this Article.




OCTOBER 4–8, 1976



Statements by Governors

Listed in Alphabetical Order by Country

Introductory Note

The Thirty-First Annual Meeting of the Board of Governors of the International Monetary Fund was held in Manila, Philippines, from October 4 through October 8, 1976, jointly with the Annual Meetings of the Boards of Governors of the International Bank for Reconstruction and Development, the International Finance Corporation, and the International Development Association. The Hon. Mohammed Imady, Governor of the Fund for the Syrian Arab Republic, and the Hon. Sadek Ayoubi, Governor of the Bank and its affiliates for the Syrian Arab Republic, served as Chairmen.

These Summary Proceedings include statements (or portions of statements) relating to the work of the Fund presented by Governors during the Meetings, resolutions adopted by the Board of Governors of the Fund over the past year, reports and recommendations of the Joint Procedures Committee, material pertinent to the 1976 regular election of Executive Directors, and other documents relating to the Meetings. The statements are arranged in chronological order; the insertion of dots (. . .) within statements indicates where passages have been omitted.

Many of the statements at the Meetings referred to international monetary reform and the proposed amendment to the Fund Agreement. A separate Supplement to these Summary Proceedings reproduces the text of the Proposed Second Amendment to the Articles of Agreement of the International Monetary Fund: A Report by the Executive Directors to the Board of Governors, initially issued by the Fund in March 1976. The Supplement contains the Report by the Executive Directors, including the text of the proposed amendment to the Articles of Agreement, and an index to the proposed Articles. The Appendix to Part II of the Report containing a comparison of the present and the proposed Articles of Agreement has not been included in the Supplement.

A reference list of principal topics discussed in the statements will be found on pages 347–49.

Statements relating to the work of the Bank are reproduced in the Summary Proceedings of the Annual Meetings of the Bank and its affiliates, issued by the Bank.

W. Lawrence Hebbard


International Monetary Fund

Washington, D. C.

November 16, 1976

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