وبروتوكول 2005 المتعلق ببروتوكول قمع الأعمال غير المشروعة ضد سلامة المنصات الثابتة القائمة

نص الاتفاقية (تفريغ آلي)تعرّف ضوئي — قد يحتوي أخطاء

بسرالله الرحمنا لرحيم

٥٦ ـ-

الرئم ٥/ ١/ ١٧/

التايخ ما ذ ىالحجة سنة ٢٣٧٦

بعونه تعالى

نحن سعود بن عبد العزيز آل سعود

ملك الملكة العربية السعود يه

بعد الا طلا هلى أمرنا الصادر في خطاب الشمبة السياسية رق ٠/ ١/ ١٧/ ٢٩٦٢ تار

٢٢ ١١/ ١٣٧٦ بالموانقة ملى الأشتراك في صند وق النقد الد ولي والبنك الد ولي للأنشاء والتعمر ٠

وبعد الاطلاع على قرار مجلس الوزرا رقم ١٢٢ ا

خ ٦/ ١٢/ ١٣٧٦ ٠

المالية والأقتصاد الوطنى ٠

وناء ملى. ماعرضه علمنا رثيس، مجلسر. الهنا وونير

٠ 7: -

رسمنا بما همرآت ٠-

المادة الأولى - تقبل حكرمتنا اتغاق صند وقا لنقد الد ولي راتغاق البنك الد ولي للأنشاء والتعمير

المعقود ينيومالثائي والعشرين من شهريوليه سنة أربح واربعين وتسعما لة والف

ميلاد ية في المو"تمر المالي والنقد ى للأم المتحدة المنعقد:

ي ريتون ووه ز من اعمال

نيوهمبشير في الولا يات المتحدة الامريكية ٠

يصبح الاتفاقان المذكوران بماليه نافذ ىالمغعول اعتبارا منتا ريخ التوقيع مليهـما من قمل

المادة الثانية

سفيرنا في واشنطن الذى خولنا» ،

أـ بالتوقيع على نسختيهما الاصليتين المودعتين لد ىحكومة الولايات المتحد قالأمريكية ..

- بأيد اع وثيقتي تبولنا لهما وللقرا رين الوا رد نكرهما ادناه في البند (٣) من هذا

المرسوم لد ىا لحكومقا لمذ كورة بعد اقتران هاتين الوثيقتين بتوقيع وزيرخا رجيتنا ،

المادة الثالثة أـ تقبل حكومتنا ١ -

(١) القرار رتم ( ١٢-٤ ) الذ ىاتخذ » مجلس محا نظي صند وقا لنقد الد ولي والمتضمن

شروط تبول مضوية مملكتنا في صند وقا لنقد الد ولي والموجه بكتاب موارخ في ) يونيه

٧ ١٩٥ ألى سفيرنا في واشنطن .

(٢) القرار رق (١٠٨) الذ ى اتخذه مجلس محا فظي البنك الد ولي للأنشاء والتعمير

والمتضمن شروط تبول مضوية ملكتنا ني البنك الد ولي للأنشاء والتعمير والموجه

بكتاب موهج في ٢٩ ما يو٧ ١٩٥ ألى سغيرنا في واشنطن ٠

- - تعمل حتوطنا بتنغى القرارين المذكورين فور صد ور هذا المرس .

لمادة الرابعة م أ حتعا مل سلكتنا مع صند وقا لنقد الد ولي والبنك الد ولي للأنشاء والتعمير بواسطة موا سسة

النقد العربي السعود ى ونقا للمادة الخامسة قس (١) من اتفاق صئد وق النقد الد ولي

وللما دة الثالثة قسم (٢) من اتفاق البنك الد ولي للأنشاء والتعمير .

-. تكون مواسسة النقد العربي السعود ى مواسسة الايد اع وفقا للمادة الثالثة مشر قسم (٢)

أ من اتغاق

- أ - من اتغاق صند وق النقد الد ولي ، وللمادة الخامسة قسم (١١) - ت

٠أ٠ا-٠5

البنك الد ولي للأنشاء والتعمير .

٠١١.

المالية تنفيذ هذا المرسى

س على ربيس سلس الوزرا وونيرالخارجية وونير

كل نهم فيما يخصه ٠ ،

اسادتان . -

بر

ارئم

ت -E

ادا

بيسسبإفوالمزالتهجه

باستة

إي::1 ر٠- م.

فرار رقم» وتارن ٢٦». /-

اطلع مجلى الوزرا على ال معاملة المرا فقة لهذا الوارد ة من

الشعبة السياسية

٥/ ١/ ١٧/ ٢٤١٨ تاريخ ٤/ ١٣٧٦٠/١٢ والمشتملة على خطاب

بسد يوان جلالة الملك

برقمم

معالي وزير المالية والاتتصاد الوطني المرنو ع للسدة الملكية بعدد ١٣٠٢٣ وتاريخ

٤/ ١٢/ ١٣٧٦ والمتضمن انه بناء على الامر الكريم الصادرفي خطاب الشعبة

٥/ ١/ ١٧/ ٢١٦٢ ني ١١/٢٢/ ١٣٧٥ بالموانقة على الاشتراك في صند وق

السياسيه رمم

النقسد الد ولي والبنك الد ولي للانشآ» والتعمير وبناء على أمر جسلا لثه الشغوى الماد ر

اثنآه زيارة جلا لته لعاصمة الولا يات المتحدة الاسريكية بتقديس طلب الى كل من

المو سستين العا لميتين المذكورتين لا"نضمسا السلكة الى عضسويتهما فقسد وصل

ن من سغير جلا لته في واشنطن يتضنسان قرار مجلس محافظي صند وق

لمعاليه كتابا

النقد السد ولي وقرار مجل محائظي البنك الد ولي للأنشآ» والتعميسر الخساصين بشروط

عفوية الملكة فيهما، وتقضي شروط صند وق النقد الدولي :-

١ ان تكون حصتنا فيه عشرة ملا ييسن د ولا ر من د ولا رات الولا يات المتحد ة الا" مريكية

على ان ند فع مالا يقل عن خمسة وشرين بالشة منها بالذهب قبل التسو قيع على

أتفاق الصند وى المذ كور ٠ أما الجزء الباقي من الاشتر

اك فيد لع بعملتنا علسسى

س سعسر تعادل أولي يجب ان نتفق عليه مبع الصنسد وق في بحر مدة معينة ،

اسا

ر مرسو ملكي كري ) على اننا اتخذنا جميع الاجراءات اللازمة

ان نقد البينة (باصدا

للتوقيع ملى براد اغاى مند رق النقد الدولي ووتيقة قبولنا لهذا الا تفاى ولقرار مجنس

المحانظين بشأن المشوهة وأداع هذ، الوثيقة لدى الجهة المختصة ٠ ا

و ن نزود -

الصند وق بالمعلومات المتعلقة بهذا الاجسر

ا" حسب طلب» ٠

ن سود علدى حكومة الولا يات المتحدة الامريكية وثيقة تتضمن مو

انقتنا طبقالمقتضيسات

انظمتنا على اتفاق مند وق النقد الد ولي وقرار مجلس المحافظين الخاصيالعضوية،

ن يوقع ممثل لحكومة جلا لتكم مخول بذ لك على النسخة الاصلية لاتغاق صند وق النقد

) -١

الد ولو الموجود ة في قسم محفوظات حكومة الولا يات المتحدة الامريكية ،

أن لا يتأخر تبولنا للعضوية عن اليى التاسع والعشرين من شهر نوفمبر ١١٥٧ الا في

الحالات الاستتناثية التي يقرها المد يرون

التئغيذ يون للصند وق المذكور،

كما تقضي شروط. البنك الد ولي للانشآ» والتعمير ،-

١ ان نكتتب بمئة سهم من اسهم را"سمال البنك بسعر تعاد ل مكة الف د ولار للسهم الواحد

اى بعشرة ملا يين ولا ر من د ولا رات الولا يات المتحد ة الامريكية ٠ على ان ندفع ـ

بالمكة من الا"كتتاب بالذ هب ا وبد ولا رات الولا يات المتحدة الامريكية.

مسا يساوى ا. ثنين

حا

وما تساوى قيمته ثمانية عشر بالمثة من الاككتاب بعملتنا بسعر الصرف السائد المناس

جميع الامجسراءات اللا زمة للتوقيع على مواد اتغا ق

ان نقسد البينة على اتنا اتخذنا

البنك الد ولى للانشآ» والتعمير ووثيقة قبسولنما لهذا الاتغاق ولترار مجلس المحانظبن

بشان العضوية وايداع هذه الوثيقة لدى الجهة المختصة ١٠

ر ن نزود البنك الد ولمي

للانشاء والتعمير بالمعلومات المتعلقة بهذ، الاجراءات حسب طل ٠

ن نود ع لدى حكومة الولا يات المتحدة الاسريكية وثيقة تتضمن موافقتنا طبقا لمقتضيات

انظمتنا على اتغاق البنك الد ولي للأنشآ» والتعمير وقرار مجلس المحافظين الخاص

بالعضوبسسس!

ن يوقع مثل لحكومة جلا لتكم مخول بذلك على النسخة الاصلية لاتفاق البنك

الد ولي للاشآء والتعمر الموجود ة في قسم محفوظات حكومة الولا يات آلمتحد ة الامريكية.

ه ان تكون سلكتنا عضوا في صندوق النقد الد ولي قبل الانضا الى البنك الد ولي

للاشآه والتعمي

ا لها

حر قبولنا للع سوية عن اليو التاسع والعشرين مسن شهر ثوفمير ١١٥٧ الافي

الحالا ت الا ستثنائية الثي يقرها المد يسرون التنفيسذ يون للبنك الد ولي للانساء والتعمير .

ويلت مر معالي، الا مر بأدار مرسوم لكي كر وفقا للمشرو ع المرفق واتخا .

الاح

راءات المتر

بسة عنسه فور نسسسره

ولدم د وس ما ذ كرفسي، جلسة عام ة تقسرر الموافقة على اجابة طلب معالى، وزيرل لمالية

الرفم

التاريخ .

الاوادم .

٤ —!

بتيسببباقياوافتة

م ٢-

رياسسة

: ١١:

لس

رئيسر مجل سالوزرا

1: :

والا قتصاد ال واني

ود ماه

رلما ذ كر

Agreement of Articles

the of

Monetary lnternational

and Monefgry $ßNori0 unired the aj Adopted

New ,Wvods Bretron ,Conference financial

force inro Enrred .944. ,22 u/ ,Hampshire

,&2 له! effective Amended .NS. .27 December

Board eå by approved modifications tke by ,1969

adopted ,23-5 .O. Resolution irt Governors of

by ,1978 ١ April effective amended 8;%1 ,31 May

-Gop of 8oard the by approved modifications the

,30 April adopted 4—31 .O. Rcsolution in emorr

,2ßI Nopember effective ammded and •J774

of Board the by approved modificaåon.s Jhe

ed adopt .3—45 .O. in Govemors

.1990 24 june

FUND MONETARY INTERNATIONAL

.D,C .WASHINOTON

Standard intem.tionaJ

:Number Book

lB3 April

L-55T15-276-( ISBN

CONTENTS OF TABLE

ARTICLE INTR0DvcrORY

PURPOSES ..

MEMneRSHEP

membees Original .

mcmbers Olhcr 2.

SVBSCRIYTIONS ANO QuarAs

.IL.

subscriptions of payment and Ouotas I.

'quota ot Adjustment 2.

changcd are quotas wben Payment8.3

curreocy for seeurities of Substitution..

EXCHANOE REOAROING OBLtGAT1ONS

members Of obligatians Gencnl.1

arrangemeno cxchange (Geaera .2

arraogementS exchange OYCr Surycil1ancc .3

values P.r.4

membcr•s a within currepcies Separate 5.

tertilories

OF TRANSAcn0N5 ANO OPERATIONS

FuND THE

.(4ßi) Fuod Mmetary tbe 0f yeement• d ArtidC1

i992 ..ete

t• dopted. Mmet.ry Jntemadotut lhe d veement• !0 Anleks

BßLtoo Moattary N.tiom Vrited rü

.27 December Ca•a hL0 ,1944 .2.2 luly .HamphYe New .Woods

by .9%1 ,28 Juty cfleclive INS..mcndcd

effeetJve and,..$—i3 ,O. 1utioaøRe lrc Ooyemm Boardot h!

bærd by he) by .iF2 .li Novembet

&.2 لإل .3—4S ,NO n} و

I. ,pund D.

I-276-5S"S•I ISBN

$o AÄZies .•Tkk I. æFon (l.inkm•tboa

nd• Mo:wtary Vnited 1. .und. MmeliD tntzrutbntl *tl

N.H. .åWOO bteltøn.• IW) Cm.)crentC Fhtncbl

L58A6.5.(HG38

.iD

.12

Fund the with dealing Agencies

and operations Fundts the ON Limitation

transaetions

Fund*s the of use goveming Conditions

rcsourccs (gcncra

conditions of Waivct

general 8'Fund the tße IO lneligibility

special of sales ndø purchases Othcr

Fuod the by rights drawlng

curteocy its of member • by Repurchase

Fund Lhe by held

Qerges

Remunention

Compul8tions

value ot Meintenance

lnnsections and opemtions Other

عيحهى

ا ر

Page

إP

TRANSFERS CAPTAL .VI

ror reSOOR.eS general Fund's thc of æu .I

tmnsfen capital

transfcrs c.apitel for provisions Special 2.

transrers capit8l of Coatrols 3.

CUHRENOES SCARCE AND REPLENtSHMENT .lt.

holdinga Fund's chc tcplenish tO Mcasures I.

curretEics of

currency of scarcity CeneraI .2

boldings Fund•s Lhc Of Scarcity 3.

cestrictions or Administration 4.

avcements intemationol other of Etfect 5.

restriclioos on

MEMRCRS OF OeVGATtONS GENERAL .VIII

21 ،

21.

25 .

lntroduction

CürrenC on $resltiction Of Avoidance

paymentS

currency discriminatory of Avoidance

pracliccs

balances foreign.hetd of Convenibility

intotmation ot Fumishing

regarding tncQn betwcen Consultation

agrecments intemational exi$iting

regarding collaborate tO Obligation

assetS on policies

PRIV)LEGE.S ANO lMMUNrrtESt ,STATUS X.

.IO

Article Of Purposes

Fund the Of Status

P)OCCSS judiciBl from lmmunity

action other from lmmunity

rchivesø of lmmunity

rcstriclions from asets af Frccdom

communications for Priyilege

and o{)xets or priyileges and mmunities)

cmployees

taxation rrom immunities

AJ1icle of Applieation

2.0 .

•24 .

كلا

26 .

.l.

.li.

.XIV

.VI.

.VII.

'Ca*ent d وTab

Cot'MÄLES NON.MEMBER RELATONS

with cclations regarding Undenakinp I.

countries non•member

with ttansacdons on Restrictions Z

eountties non-membet

MANAGEMENT AND OROANIZATION

Fund thc of Structure I.

Goyemors of Board

Board

staff and Director Managing

Voting

and ,income net of distribulion ,Reserves

investment

reports of Publication

memben tO vicws ot Communication

DEPOSFTVRIES AND Omces

offices or Locati0Q .1.

Depositories 2.

ماءك Fund'z the of Guarantee 3.

TRANsmoNAL

Fund Lhe tO I.Notification

res*rictions Exchaage .2

tO relating FuDd the of Action 3.

restrictiotu

RiGKTS DRAWtNO Spec1AL

drawing speial altocate tO Autbarity .I

rights

right dnwjng spccial the Qf Veluation .2

SPECIAL AND DEPARTMENT GENERAL

DEPARTMENT RIGHG DRAWING

and opcrations ot Separation ,I

transactiorw

property Md assctS of Separation 2.

in)armation and Recording 3.

OF HOLDERS OrHER AND PART'C'PANT

RJGHT8 DRAWJNO .SPECtAt

Partieipang 1.

holder B 8S Fund 2.

hoEdct3 Othcr 3.

Page

38 .

39 .

lXTERNATtONAL CTHER WITH REL.ATIONS X.

OROANIZATIONS

مس

يسى

را

DEPAATMENT RIOKTS DRAWING SPECIAL XX

. CHAROES AND lNTEREsr

lnterest 1.

Obarges .2

cbargu and lnterest )o Rate.3

Assesgnents 4.

and ,charges ,intecest or Payment 5.

GZNERAL THE OF ADMLmsrRATtON Jي..

DRAWiNG SPECIAL THB AND DE?ARTh4ENT

DEPARTMENT

PARTICWAMS OF O8UGATtONS GENERAL .XEI.

ANO OPERATtONS OF SUSPENSJON .XtII.

tå

OP ٨owاسC AND AUOCATION .VIIE.

R10jcrs DRAWINO .SPEC(AL

goveming considcmtions and PTinciptes 1.

53 .

53 ......

53 .

58 .

47.

conccll•tion and

caocettation and AIIoation .2

developmenu maiar Unexpected 3.

and altocations on Decisiocs 4.

canceltations

IN TRANSACt2ONS AND OæRATtONS .XIX

RIOHTS DRAWtNO SPECtAL

rfghu dnwing special ot Usc

between tnnzactions nd.

. panicipants

need of Requirement

currency provide to Obligation

provide t0 pattieipants of Designation

*curre-O

Rennstitution

rates Exchange

مه

43.

به

لأه

6ه

أه

RfCHT3

وي

.XXV

.XXVI

VIي.

.VIil

.XXIX

.XXX

.XXI.

%C»tefi 'o Tab>

Fund tbe tO obGgation of Satlement.4

terminating م tO obligatioo or Settlemeat 5.

pankipant

ttansactions Account Resourccs General 5.

RIGHTS DRAWINC -SPECIAI THB OF LiQU1DAT1ON

DEPARTMENT

MEMBERSHIP FROM WITHDR*WAL

withdraw tO members of l.Right

withdrawal Compulsory .2

members with ccountsø of Settlement..

withdrawing

PROVISIONS EMEROENCY

Temporary 1.

Fund tbe of Equldation .2

AMENDMENTS

IMT*ERPRETATION

TERMS OF EX?LANAT*ON

PRov1s10NS FINAL

force intQ Entry .1

Signature 2.

SCHEDULES

QUOTAS

TO RESFECT WTY PROVLSCO'< .TRANSCTIONAI

ADDTIONAL OP PAYMENT ,REPVRCHASE

R)GYNS DRAWING SPECtAL IN TRANSAcnONS

ptovisions l.Emergency

obligations !fulfil tO Fai!urc -2

PARTICJ?ATION OF TERMINATON .XXIV .

panicipation terminate tO Right I.

termlnation on Set1Iement 2.

charges and loterest 3.

CZRTAIN ANO .G0LD .SUBSCRITIONS

MATTERS OPERATIONAL

VALUES PAR

.COUNGL

D(Racr0RS ExecuTlvg OF ELECTtON

DESIGNATION

Rea(Ns-t1TüT10N

كة .

68 .

69 .

yii

':;

Cmtmts d Tabb

PARTJCIPATION OP TERMINATION

SPECIAL THE OF LIQUIDATION OF ADMINSTRATION

71 .

DEPARTMENT RIGKTS DRAWiNG

MEMaeRS •Wtn ACCOUNTS OF SEt-n.EMENT

HORAW1NO'Wt1

LtOutDATi0N OF ADMINISTRATION

R1GHrs VOTING OF SUSPENSION

INDEX

viii

AGREEMENT OE ARTICLES

AGREEMENT OF ART'CLES

THE OF

FUND MONETARY INTERNATIONAL

Agreement prescnt the whox on Governments ne

:follows as agrec signed

ArOde laimductory

and established is Fund Monetary lnternational e% i)

this of provisioas the with accordance in operate shall

subsequenlly and adopted originally as Agreement

.amcnded

•tranS and opernions its cooduct IO Fund the cnablc To (ii)

Depar1ment General a maintain sball Fund the ,acüons

Membership .panmenl. Ri8hC8 DTawing Special A acd

the in panicipalion tO righl the giye shali Fund the in

.partment. Rights Drawing Spccial

•Ayee this by authorized transoctions end Oßrations ((iii)

-Depart Gcncnl the hrough) conductcd be shall ment

this Of provislons the with accordance in consisting .ment

.SF the ,Account Rcsources GeneraE the ot Agreement

-Ac lnvestment lhe 80d ,Accoun1 Di'burscment cidl

involving transactions and operations Lhat excepe count;

the through conduaed be shail tights drawing !specia

.partmcnt. Rights Drawing SpcciaI

ARTtCLE

Purposz

:are Fund Monetary lntemetional Lhe of e%

through cooperation monetery intemational promote To (i)

machinery the ptovides which inslitution petmanent •

•mon intematiooaJ OO collaboration and wnsultation for

.roblems. etDty

.inter of growlh balanced and cxpansiou thc feciiiiate To (ii)

•pnmo thG tO thereby conuibute tO and .tmdc national

and empåoyment of lcyets high )o maintenanee and tion

tbe of developmcnt the tO and real

-CCO of obiectives primary as mcmbcn all )o $tesouree

.policy oomic

•CX ordcrly maint8in tO .stability cxchange promotc To (iii)

avoid tO BDd ,mcmbcrz among arrangemcms

.epredation. excbangc competiGye

gf system mvltilateral a of establishment CIE ia assilt To (iv)

between transactions CUÄent Ot regpect in paymentl

•re uehange toteign of elimination tbe in and memberx

.trade worJd of growtb the hampcr which strictjons

gcneral cل making by membcrs tO con6dence giye To (v)

-un them tD available temporarily Fund the of •rcsoutce

-OP with them prmiding thus .sareguards dequate& der

of balence their in mal&djustments cortect tO portunity

of destructive measures tO resoning without payments

.rosperity. intemational or nationel

dumtion lhe honen$ tO .above lhe with ccordancc& tn (ض)

-interna the in disequillbrium of degree thc lessen ahd

.memberx ot payments of balances tionat

the by dccisions and policics its all in be shall Fuad ne

,AnicIc this in rorth set purposcs

2- S. ) .rf.

-1 e. / u An

وهكوا M! 'bt

لا ArrtCtX

Membership

members Original .l Se<ion

countrics the of those be shall Fund the )o mcmbers original ne

.Con FinanciAI nd• Monctary Nations Uniced the at reptcsented

,3i December bero:e membership eccept ggvemments whose ference

.B5.

members Other „2 Section

in end umes such at countries other to open be shBli Membersbip

of Board the by prescribed be may 8S 5ßtC1T such with accotdance

5han .subscriptions tor terms the including ,lerms nese Oovemom

-coun othcr tO applied those with consiacnt prixiples on based be

.embers. already are that 3étti

ill ArncLC

scrip*fonsöم ه مماهه

subscriptiow /o pgymenc gnd Quoras 1. Se<ion

.draw special in exprcscd quota a wigned bc mcmber Each

United the at representcd members lhe of quotas The .*ght. ing

•member which Conference Finaocial and Monetary Nations

A.. Schedulc in forth set thosc be 194Sshalj .31 December bcrare sbip

of Boord lhe by determined bc shall members 0Lher {o quøt•S T1e

iB tO equal be sball member eacb of subscription ieü .Govcrnors

appropriate the al Fund the tO full in paid be shall and quota

.epository.

qUOtQf of Adjustmeat . Section

five than nnre not or intetY8l8 nt shall Oovernors of Boacd ne (a)

propose appropriate it deems it if and ,rcview gcneral a conduct years

thinks it if ,also may lt .cmbets. lbc of quotas the or ,adjustment an

quota particular any of adjustmeat tbe time other any at considcr .fit

.oncemed. member the of request the at

of quotas the in increasc an pcopse time any 81 mbY Fund lhe (b)

in 1973 .31 Aggust on membcrs wcrc tbat Fund the of members those

in not amount cumulscive a in date lhat on quotas theit tO proponiun

and (I(/)12) Section ,V Article under transferred amounw of CXCCSS

وا

Sec .fJl AN

المجا؟ ومم حماص

Resources GeneraJ tbe tO Aecount Disbumement Spccfal lhe from )

-Account

shall power votin8 total the or ma}ority pgcent eighty-Rvc An (c)

,uotat. in change any tor tequired be

member the until changed be not sh•ll membcr a )0 quoca The 4)

is payment unless made been has. payment until and oonsenLed has

tbis 0f 3) Section with in made en* havc O) deemed

.fliclc.

changed are when Paymeng 3. Section

under quota its in increase a.n tD consents which mcmber Each (o)

thc by eterminedÖ pcriod a within ,sha!J Article thb of a)2) Seetion

(spccia in increasc the )o percent twenty•fiye Fund the tO P8Y .Fund

this thnt prescribc may Cowrnors ot Board the but ,rights drawing

whoFe in .mcmbers an tor basis same che OO .made be may payment

their with ,speci6ed members olher of currencies the in patt in or

•non A .rreney. own memberls the io or .Fund the by .concurrence

by specified ßmembe other of currcades the in pgy shall participant

increase the of proponion a ,COtiCUrrenCe thcir with .Fund the

by rights drawing speciai in paid be t0 proportion thc 10 sponding

membcc the by paid be shall increase the of balance The .arti#anlS.

shall cutrenCy membcr•s a of holditw Fund's Thc ."Urret1. OWII its in

tO subjcct bc would they whieb 01 ievel the above inGIVÜcd be DOt

by payments of result 8 s■ ,(b()ii)8 Sectlon .V Article undet charges

.ovision. this under membets othcr

undet qgota ig in incræe an tO mnsentS whlch nwmber Eacb (b)

Fund thc tO p•id have tO decmcd be shall AtticEe thi3 of (b)2 Section

.tnCrezse. such tO qual subscription of amunt aD

Fund the .quot8 ils in reduction a tO consents membet a lt (e)

the tO equaJ amount an membet the 10 pay .days sixty within .shall

and currency member's lbe مi maÖc be sball paymenl The .edugtioo.

other or currencie; the OC rights drawlng special ot amounl tuch in

•ncces is BS Fund the by concurrencet their wlth .spccificd membcrs

cutrency the of holdings Fund*s the of reduction the prcvcnt O' s•ry

the $cirsumstancc in thtt provided .quota new the below

by quota oew the bclow currency the ot holdings its reduce may Fund

.rrency. own ils in member *ti tO paymeot

bc (shal power voting total thc of majority FTCCDL seventy A (4)

•determine the fot except .above (o) under decision any for required

that under currencies oE specification the and petiod a of tioa

.. Ari

..٧ An

*Exd•cut ReFdh•o

curreno for ßsecuriti of 1itution$Sub 4. Section

the of parl aoy ot piace in ,mcmber any fmm accept shall pund ne

the in whieh Account Rcsources General the in curtency member's

•tr•mac snd operations its for nceded not is Fund he؛ Of judgment

•depos the or member the by obliytions simi(ar or "not onseü

whleb ,2 Seetion ,XIII Article uoder membcr lhe by dcsiWBtcd itory

their at payable and beariog aon-interesl .non.negotioble be shall

the in Fund trE of account the crediting by demand on va$ue facc

curtency IO oniy not apply shali Sc»ion nis .epository. designated

or .tO due otherwik cutrency any IO also bul members by subscribcd

Resources Geoerel lhe in Öplace be IO and Fund thc ,by acquired

.gounl.

٧ ART*CLZ

Arnogementt Reg•tdlng ß0üObffga

memben Of $obtigation General .1 Section

-mone intematlonal the )o pu.rpose esentlai the th8l Recognizing

ot exchange Che faélitatcs that frameworE a proyide tO is syitem tary

sound sustaing thSL and .countries among capital and ,scryices .goods

coalinuing the is objeclive principal & that and growthi economic

ore tbat cooditidns underlying orderly the of deveEopmgnt

•eoJ tO undenakes memtxr each .stability economie and financi8I for

•ex orderiy aS.sure to other aiid Fund thc with labotate

exchange of system stable a promote tO and trnngements change

:shall member eaeh ,partjcul•r ln .$-tate

policies finonätl and economie its direct tO endeavor i)

eeonomic order!y fostering of objectiye che towørd

regardto duc with ,stabiljty price reasonable wiLh growth

circumstances its

underlyiag orderly ostering) by stability protmte LO seek (ii)

•SYS monet8ty B and conditions financial and cconomic

:disruptions errotic produce t0 terrd not does that lem

intemational the or rates exchange manipulating ayoid (iii)

ot balanee effectiye ptcvent tO order in systern ttwnetary

comFdtive unfaif an gain tO Ot adjustment payments

end memberg; other OYCT adyantage

-undeaak the wiEh compatible policies exchange to(low (i)

.cction. this undcr iny

.provision

يسى

)

را

لا

24 ٧ Aea

Müt-*rrz•t1D ROW*V nاحوالا

arrmgemeaG »Agطي Genzral Z Secüoo

the after days thirly within ,Fund the notity }hOI$ member Eacb (o)

exchange thc of .Agreement this of amendment second tbe ot dbtc

under obligations ie of fuwtment in apply tO intcods it r«ngementS•

any of promptly Fund the notify shall and ,Ar1icle $lhi ot l Seaion

.$rangement. exchange its in changu

preyailing kind the Of SYStem nonetary intematioaal an Under (b)

.main the i) lnclude may arnnæments excbange ,1976 .1 Januaty

the of term.s in eurreney its for valuc a of member a by teaance

•E ,gold than other .deoominator another or righl drawing special

which by rrangements• cooperative (ii) or .membcr thc by lected

tbc tO relelion in cumencies their of yalue. the maintain membets

other (iii) or .mcmbcts otber -of currencies OT curregq tbe ot value

.choicc membcr•s a of $arrangement exchange

monetary infemational tbe or veiopment& the wilh accofd To e)

-VOt tocal the of møjority petcent eighty-five en by Fund1 Ehe ,system

arrangements exchange genecat for provi'ion make tuy ,power ing

•arrange exchange have t0 memben of riBh1 the bmiting yilhout

and Fund the of purpmes the with choice their of menu

.rticte. this of l Section under obllgations the

arrangemeng exchange OVer SgrveiIiance 3. Section

in system monctaty iDtcmalionaI the aversee shall Fund ne (a)

•COWI the overæe sball aad e)fectiye its cnsgre to order

this 0f I Section under obägations it5 witb member each Ot pliance

.rticle.

shtll Fund the abovet (o under funetlons its fulfill IO order in (b)

-mem of $policie ratC exchange the over surveijtance nrm exercise

•mem all ot guidance Lhe or) p»inciples speci6c adopt hall$ and

the provide shali member Each .poii$ics those tO cevca witb bers

when .and .surveillance such for nccessary information tbe with Fund

•ex mcmbcr•g the on it with shbll ,Fugd the by requested

be shall Fund tbe by adoptcd priociples The .Ecies. rate chtnge

.mein membem (whid by anangementS cooperat.ivc with cotwistent

•CVt the of value che tO relation in $cutrende their of value the tain

exchange othcr wiLh RS well .membem other of curTencies or reOCY

of purpogs the wilh choicc member's a of rrangementsø

shall principtes lhese .rticle. this of l Section and Fund the

app{ying in and ,mcmbers of policies politicat and sociar domestic the

drcumstancesof the tO regard due pay shall Fund the prixiples thesc

.mbers.

لي

.--2

يه ArL

ب٠/ ٧

of pemihm—

هلهv Par . Section

the of majority petcent øeighty-fiv an by ,dcterminc may Fuod ne

tbe pcanit oonditions economic intemational that .POWer voting total

bascd aneogements exchnnge of Ftem$ widespread a of introduction

•deter the make shatl Fund Tbc ,alucs. par adjwtable but stable on

•econ world the of stäbi$ity underlying the of basig the on mination

movemenls price into take sbaJl purpose lhis f0T and .omy

.determina ne .embets. of economies the in expansion 0f Ätat and

-mone irnemalional the Of evotutioo the of light in madc be shall tion

in andl dityنونا )o sources tO refertnce particular witb +.system tary

tO ,values of syatem a of opntion effectiye the ensure tO order

in members and surplus in mcmbers botb which under arangementS

•sym and .effective ,prompt take paymentS of balences their in dcficit

ror arrangements tO ag wcn bS ,adjustment achleye tO action metricat

كى، making Upon .imbataaccs. ot treatment the and intervcation

ot provisions the Lhat memben notify sh8ll Fund tbc .detcrmination

.pply. C Scheduie

rerritoria member•s a within øcurrenci Separa;e 5. Section

-Ar this uoder currenCy iu tO rcspcct with member a by Action م)

all currenciesof cparete$ lhc tO app{y tO deemed be shall ticle

Agreemen1 this accepted has member the which 0f respea in ties

iu that declares mcmbcr the unkss ى (2 Scction ,XXXi Aniclc under

tO only or ,alone cunency •metropolitan cbe tO either teLates actlon

metropoJitøn the tO or ,currcncies separ•tc speclfied more Ot one

,creocies. scparate SFficd more or OOC and CurrenCY

tO deemed be shall Article under Fund the by Action (b)

unless abm•e (a) in tO re)errcd membec • of currencies a!E t0 rel•te

.therwBe. declares Fund the

AnnctzV

lhe or TNßactiom and Opemfions

Fuad ر wüh dealing Agencies I. Se»ion

.Treasury its through only Fund the with deat shøll member Each

tbe and ,agenq fiscnl 5imiisr other rund,oc stabihzation .bank eentral

,gcndes. S-ame the through OC with only deal sha}l Fuad

trgnsactions and operadonf Fundts the on Umitation Z Section

transactions ,Agreement %th in provided otherwise as Excepc (a)

the fot transactions tO limited be thall Fund the of account the on

سس

ا "

Fmd e•z or rrar«ælörg .9

,member sucb oE initiative tbe on .mcmbcr a sunlying of

trom members other )o aarrencics the or rigbt3 drawing special with

General æÜ in he(d be shall which Fundt the of öreSOUCC genetal lhc

membet the of CUJTeDCY the for- exchange in '*Resour

.urchasc. the make IO desiring

and financial perfom tO decide may Fund *tt ,requeated IT (b)

-conttib tesources of administration the including .scrviccs technical

.und. the of PUQQSCS the with consistent are thaf .members by uted

seniccs financial such of performance the in invotved Opcrations

this under Scryices .und. thc of account the on be not sha!l

.consent its without member a on obligation any imposc noe shau tion

geaerat $'Fund eå ه ث goveming Condijions . Scction

resourceS

•re general it5 of We the on ßpolici dopt& ha3l؛ Fuod The (a)

and .arrengements similar or stand+by on iocloding .SOWCCS

,ptoblerns paymenls of balance special tor policies special adopt may

problems payments of ba(ance their solye to memben assist will lhat

that and Agreement this of proyisions the with coNistent maanet in

-gen lhc of uSC temporary the for ±safeguar adcquate estabtisb wili

.Fund thc ot resources erøt

other )o currcncics the purchase tO entilled be sbalt membcr A (b)

its Of amqunt equivalent an for cxchange in Fund the ftom members

conditions following Eü IO subj»t

Fund the of re«utCCS !genera the 0f member's the (i)

tha of provisions the with in be would

them; uadee adopted policies the and Agrccmcnt

the make tO nced a has ic that represen•ts mcrnber lhc (ii)

•re $it or paymenu ot balance its of bccausc purchesc

reserves; its in devebpmcnts or position serve

:pur tranche rcserve « be would proposed the (iii)

the of holdiny Fuod's the %cati not woutd or .cbase

hucdred tWO exceed tO øcurren member•s purchasing

quota; its or percent

of S Section under deciared previowty hOt has Fund the (iv)

•Sec .XXVI Artic}e or ,1 Seqion ,VI ArticIe ,Article this

-ineiigi is purchase tO desiring member the lhat (o)2 lioa

.und. the of res-ouræs gcDcraI thc use tO bk

the {0 و@@ipج؟Tr لمو

deqermine tO iurchase a "o request و examine shall Fund nre (e

.proyi the with consistcnt be would putchæe proposcd the whcther

-PfO .them under adopted poEicies tbe and Agreement this of Kions

subject be not sh.all purchases tranche rese.NC ror requests thet vided

.hallenge. tO

selection lhe on procedures and policies adopt shall Fund nc (4)

with consultation in ,accouot into take that sold be tO currcncies of

membc13 of position teserve and payments of ba}aace the .members

desirability the @S well aS ,markets exchange the ia developments and

hat{ proyided ,Fund the in positions balanced time promotingover of

Currency thc purchase tO proposing is it that reptegnts member a if

obtgin IO ishes* member purchasing the because member anoRhcr ot

•mem other the by o)fered currency own its of amount equivalent an

member other lbe 0f currency the purchase tO cntitled be shall it .ber

it3 lhat 3 Scction .Vtl Article unöer notice gWcn has Fund lhe unless

rcea. become havc C.UtreRCY the of holdings

()

(أ)

(ii)

(iii)

(iv)

currency its of balances that etB-ure shall member Each

عااد fteely a of balances are Fund thc from putchased

for purchase of lime lhe exchangedal be can Ot curNncy

rate exchange an Rt choicc its of CUrreney usable freely B

exchange the tO equivalent cutrencies tVO the between

Scction .X]X Article of basis thc OQ them between ra:e

a)7.

the from purchased is currency whosc member Each

purchascd currency for cxchange in obwined is or Fund

other and Fund lhc wiih collaborate shail Fund lhe from

be tO curreney its of balances such enable tO ßmembe

عاامى freely the for .putch&e of time the at .exchangcd

.mbers. other of currencics

not is that CUI%OCY a Of above (i) under cxchangc An

•cur #wh0 member the by mede be shall usa%le rreely

جحهم the and Emberü lhat un}ess purchased is rcncy

aaother on ggree membcr ing

usable freely thc Fund the frorn purh5ing member A

it exchangc tO wishing and enothcr of curtcngy

usabic freely another fot purchase of titne the at

it other thc with exchange the make shail KCQCY

be shalE exchange lhe" .member that by requested

-mem other the by scEected CufTCDCY usable freely a tor

.boveø i) iD tO referred exchange Dt rate the at ber

وا

øä.tt of سنديره .

Fund the .ad0Pl shalt it which and policics Under )

accordaoce in purcbese a rnaiing participant a provlde lo agree rnay

curreacies the insteadof $right drawing (SFCia wilh this with

.mbcrs. other ot

condirions /o Waiver 4. Sec1ion .

its safeguard whith ßtett on and ,discretion lts in may Fund The

(3b()ii) Sect;on in conditions hc) of any waivc .interests

• wilb of C•ase the in espedally .Arlic1e this of (iv) and

gencrnl $'Fund the of use eontinuous OC latge avoiding ot reeord

periodie coasidetation into take ihall it walver • making ln .$:esourve.

.waiver the requesting member the of $requirement excemionai or

tO willingness member•s a consideration into lekc nlso shall Fund The

valuc a having acceptable seeurity collatcral aS pledgc

may and intct&$ls its protett to Fund the of opinion thc in cicnt

.uriLY. co!lateral guch Qf pledge tbe waivcr ot condition a & require

ZOCUCZ' geaemt Fund'J ahe we IO lndi&ibJlity 5. Section

the using member any that opinion Lhe Of is Fuod the Whenever

putPOSCS the tO ßcontra manner a in Fund thc )0 genetal

the forth aetting report a member Lhe tO prescnt shall it ,Fund thc of

Aftcr .ply. ror time sginble a prescribing and Fund thc of vie•,vs

0f g9C hc) limit may Fund the ,membep O O' repott a sucb presenting

«i reprt the tO rcp(y OO )I .ember. he' by resoutces scnerat its

reply the if OC .time prescribed be! wilhin the from rcceived

•tnem tbe limit tO continue may Fuod the .uosatisfxtory is received

giving after .may or Fund the of resources geaerat lhe Of use $'bet

•gen thc uSC tO incligible it declare ,membcr the tO notice rcøsonable

.und. the )o crel

by righg drawint speciaf of sales and purckasc Othet b. Sec1ion

Fund rhe

-par a by offered rights drawiag SFial accept may Fund Ihe a)

of cvncncies the ol amoont equivølent an for cxchangc ia ticipant

.members othcr

special with ,request iO at provide may Fund me (b)

other of currencics the ot gmount equivalent nå f0T rights drawing

be not sball cunency membcr's 8 ot holdiogs Fund's ne .mcmbcrs

the which at (leve the aboye transactions these of result ø as inq-cased

this {o (b()ii)8) Section under charges tO subject bc wou}d hoIdin5

.nic(e.

Ot p»øt•m—

this under Fund tbe by acccptcd Or provided currencies T1e (e)

into t•ke tbat policies with accordaace in seiected bc 3hall Section

eme .Arliele this ot (i(7 Ot 4)3) Section ot prineipB the

member a )i only Section this under tnnsactions into enter may Fund

that in COQCUN Fund the by eptedæ• or provided is currency whose

.currcncy iLS of t.ße

ahe by held CurrenCY ig /o member a by Repurchase 7. Section

lhc time any at tepurchase tO entitfed be shall member A a)

under chuges tO subject are that GUffCnCY its ot Fund's

.Article this of (b)8 Section

tbis of 3 Section under purchese R made has lhat member A (b)

and payments )o balance its as ,nomal'y expected be wili Article

i1S )o holdings Fund's the repurchase IO .improves position rescrve

charges tO subject arc and purcbasc lhe trom result that cutrency

thcsc rcpurchasc shatl A .icle. lhis oi ط Section undcr

Fund hc{ that teputchase on $policie with accordance in ift holdings

•reptC Fund tbe .member lhe with eonsultation fterø and adopt 8hatl

.improve an of because reputchase sbould il lhat mcmber the tO *sent

.position reserve and p•yments at balance its in mcnt

this of 3 Seaion under purchase a made has tt*l member A (c

cesult chat GWTCCICY its of holdings Fund's lhe repurcbase shall ArtIcle

of (b Scclion undcr :chargc tO subjcct ate and purchase the from

lha whieh on date the aftcr yeaC8 five han' latcr not ArticIe chis

be shall repurchase lhat prescribe mey Fund Tbe ,made WU purchase

three beginning period the during itstal(ments in a by made

by .Fund lhe .rcbase. a ot te& the after yean five andending yean

chønge may ,power yoting total the )o majority percenC eighty-five an

50 period any and .subsection his€ under tepurchase for periods the

.rnbecs. all tO app}y shall adopted

•VOt total the of majority pcrcent eighty-fivc an by ,Fund e% (d)

•ZCCOC in apply th8t those than other periods adopl may .power ing

the ot) ,members an or) same the be ghan which .above (c) wi)h

tO pucsuant Fund thc by curtency )0 holding of reprchase

.resourc.es gcncral its ot u.SC the on poliey •

that policies with accordance in ,repurcbase shail A e)

oting•,• totet thc ot rmjotity pcrcent seventy a by adopt bhall Fund the

8 8S acquired not zre lhat currency its of holdiny Fund's the ,pover

(b()ii)8 Seaion under charges tO subjea are and of resutt

.rticic. this ot

٧ A.

Fmd O'IO TratBEtE0f0

the of use %tt on poiicy a under that prescribing dccision A (f)

or (c) undct scpurchase for period the Fund the of resouræs general

sha'l policy thc undcr effect in OfiC lhc than choner bc shall above (4)

-effec the tO subsequent Fund the by aequired ho}dings tO only apply

.cision. he{ of date live

d8Lc the postpone may ,mcmber ø of tequest thc on .Fund lhe (ى)

maximum lhe bcyond not but ,obligation repurchasc a of discharge or

Fund thc by adopted policies under or above (4) or (6) under period

perccnt seyenty 8 by ,determines Fund lhe unless ,abovc (c) uDder

-re or) period longer a that ,power yoling iotgl the 0t rnajority

general the of use tcmporary thc with consistent 'i which *ßpurcb

date due lhe on dischargc because justified is Fund lhe 0f tßOVCCCS

.mber. the for hardship exceptional in rßuit would

may Articlc this of (d)3) Section uodcr policics Fund's ne A)

after decide may Fund thc which undcr policies by supp}emcnted

-Arti this )o (b)3) SecGon under seli tO member a with consultation

been not havc that currency member's lhc )o holdings its cle

any tO prcjudicc without .1 SecLion this wilh accordancc in purchased

other any under take tO authoriæd bc may Fund the tbat ection

.vecment. this of provision

special with mnde be shbll Scction thi5 under repurcbases AII (i)

by spccificd memberg other of cutrcncies lhe v.'ith or tighLS drawins

regard wilh ptocedures and policies odopt shall Fund lhe' .Fund the

)tha rcpurchases makiag in members by gsed bc IO currcncies thc tO

fte .rlklc. tbis of (34) Section in principies ttr into take

repurchese in used lhat membcr's a of holdinp Fund's

thcy which ut level the aboye rcpurchesc Lhe by increased be not å8haI

.rtic(e. this of (b((ii)8) Scction under charges tO subject be would

() undet Fund the by spccified currenq member's O If i) (أ)

(fhal member thc .currency usabte freely a not is boveø

the DI it obtain can member repurchasing the lhet ensure

uaab!e treeiy a for exchange in tepurchase the ot qime

has currency whose mcmbcr the by selected currency

this undcr curtcncy or exchange An .spcciflcd bccn

bctwccn rate exchange an at place take shalt proyision

.tx rate exchange the IO equivaknt curtencies tWO lhe

(a)7). SecIion .XIX Article of basis the on lhem tween

Fund the by spccified is CUret1CY whose membet E*Ch (ii)

other and Fund tbe witb collaborate shall rcpurchosc for

ot time thz at memberss rcpurchasing enable tO members

(iii))

(iv)

٧ .AH

dصم d TrosactEot•g .

•ex in currency specified Lhe obtain O) .repurchwc the

hcr$0 of currgncics usable frecly the for changc

.embcrs.

the with made be shall above (i)) under exchange An

member tbat unless specified is curreocy whose member

anothcr on agtee repurchasing the nd•

.roædure.

of time the at ,obtain tO wishes member repurchasing a If

another of currency usable frceiy the .reputchag the

if .shall it ,Bbove (i) undet Fund the by speci6ed mcmber

currency the obtøin ,member other the by requested

usabie fteety a or) exchange in membcr other the from

(i)() in tO referred ezchange of rate the at corrency

frecEy the on rcgulBkions adopt may Fund fic .above

.zchangc. nø in proyidcd bc tO usablc

Charges 8. Section

by purchase lhe on charge serviee 8 levy shall Fund lhe (i) (ه)

of cutTCQCY thc Of righLS drawing spccial of mcmbcr a

Account Resources Generel the in he(d member another

Fund ihe that pcovided .currency OWN its rot exchange in

-pur tranche resewe on charge service lower a levy may

on charge seryice lhe .urchases. other OTI than ehases

)o onc.halE cxcccd {nO shall purchascs tranchc rCSerye

.rcent. one

-ar similar or stand.by for chatge a levy may Fund ne (ii)

an for charge the lhat decide moy Fund The .rangemenls

chatge servicc thc against oftset be sball arrnngemcnt

lhc undct purchaws on obovc (i) undcr lcvicd

.rrangement.

ofa bBlances daily everagc iu on charges levy shall Fund Tbe (b)

lhc tO Accaunt Resoutces Gcneral lhc in held currcncy membcr's

they that cxtznt

lhe becn has Lhat policy A undcr acquircd bcen haye (ذ)

or ,(XXX)c Anic(e under exclusion an of subject

.excJud aftet quota member•s the of amounC the exceed (زi)

.bove. (i) in tO rclcrrcd ba(onces any ing

period the during intervals Dt rige 5hali normally charee of rates nc

.eld. are batances the which in

لي

عيحهى

Fun6 *1? QI ßTr•.rgectbr ج .V

Section under required repurchasc D make tO fails membct a If (c)

the on mcmber thc with consultation aner ,Fund tbe .Articte ihis of 7

such imposc may ,currency its of ho!dings Fund's the of reduction

the Of holdings its on appropriate decms Fund lhe aS charges

,repurchased been have should lhal currency ber's

be sbali power voting lotal the of majority percent seventy A (4)

and (a) under charge )o nles the of temination& the for required

(e) under and ,mcmbcrs all for uniform be shail which .above (b)

.above

•prO ,$right drawing special in charges all pay shaJl mcmber A (e)

-mcm a permit may Fgod the circumstances }exceptiona in that vided

by specified mcmbers othcr ot currencics lhe jn charge pey tO bcr

The .urrency. OWn i1S in or ,them wiLh consultation anzr .Fund thc

aS increased bc not sha'l currency member•s a of holdings Fundis

ttte above this,provision under members olhet by payments 0f result

,bovc. b()ii) under charges O) subject be would tbey which at levei

1'Remunerati0 9. Sec1ion

hc: which by amount the ßO remuneration pay shall Fund The (o)

thc exceeds below e) Of (b) under prcscribcd qoota of pctcentoge

the in held currency membcr•s a of balancei dai!y average Fund's

a under acquited balanccs than other Account Rcsousces Gencral

-Arti under exetusion an of subjen the bcen has th8t poliey

by etemincdÖ be shall which ,remuncraüon of rate The (X(eي). cle

WCG. voting !tota the )o majority sevenw a by Fund the

kess nor ,than tnore not bc sball and members all for same Lhe be hell&

]n 3. Section ,XX Atdclc under iatetest Of t•ate the ,f. 6flhs-fout than

•BC into take shatl Fund the ,remuneration of ratC thc establishing

(b)8. Section ,V Article under charge of rates the count

(a) of purcbases the ror applying quota of percentage The (b)

:be shall above

--thesec berore member a becamc that member each (i)

of pcrccntage a ,Agteement this of amendment ond

quota ils of percent scventy-five tO corresponding quota

,Agreement this of amcndment second the of date lhe OII

lhe a]ter mcmbcr å became that mcmbcr each ror and

-pet a .Agreement Ehis ot amendment sccond the or datc

the of totai the dividing by cakulated quota of

that quota of rcentagesæ the CO corr<panding amountS

the which on date the on mcmbers other the tO appty

لر

(زز)

(iii)

tQ•-JI .»S. ,Y Arc

ميF the ا٥

ه عجاuoو the ot total he) by mc±r م bccame membcr

plus .•date Same thc on members other thc

•spe or currency in Fund the tO paid has it aMOUDtS the

since (a)3) Section .}II AnicJe under ri&hts drawing cial

minus and above; (bi) under app!icable date the

or eurrency in Fund tbe from received bas it amount5 the

.bovc. (b()i) uoder applicable date the since

Y0ting total thc of maiority percent seventy a by .Fund The e)

thc for appEying quota Of pcrccntøge latest tbe raise may .POWCr

o: membcr each tO above (a) of ßpurpos

that ,percent hundred one of eXCßS in not ,percentage ø (i)

the of basis the On member each fot determined be shall

or ,membcrs all ot) •criteri

,embcrs. aJI ror hundred one (ii)

provided ,rights dtawing spccial in paid be shatl Remuneration (d)

tO peyment the that dccide may membet the Or Fund the either that

.UITCOCY. OWn its in made bg sha!l membcr the

Computgtions .IO SecLi0D

the ot accountS the in held assetS Fund's thc of yalue e% (م)

.draw special the of tertN in expresscd be shall Deparunent GeneraI

,right iog

the or) members of cunencies tO relating computations AtI (b)

-Arti except .Agrccment Lhis of provisions the applying of purpose

-ac Fund Lhe which at ra)es the Bt bc sball ,C ScheduIc and 1٧ cle

this of 11 Section with io ajrrencics these for countS

.nicle.

in currenq of amountS of dctermination the for Computatians (e)

this cf rxovisions the applying of purpose the for åquot tO relation

-Disburse Special the in held "currn inc!uöe not shall Agreement

.Account lnvestmcnt thc in or ment

yalue of Maimengnce .i. Section

Gencral thg in held members ot cgrrencies lhe of vaiue fte (م)

spcöal the of tCrmS ia maintained be shall Account Rcsources

نرا "

f2 ؟.٧ .n.

6•üF th9 o4 »rrarueth Op&Mt}»•w V.

.XIX AnicJe under ßret exchenge with ccordaneø in righl drawing

(a)7 Section

cutrency mcmber•s a oi æho}din Fund1s ihe in djustment& An (b)

or use lhe or oceasion the an made 3hall Section this tO pursuant

Fund the between transaction or opemtion in cvrrenq that

or decide may Fuod the AS times other such at mod member another

an 0f KCQCd in Fund lhe by or tO Peyments .gest. may member the

by determined ß ,time reasonablc a within made shai; adjustment

•re time othcr any at and adjustmentt Of date the after .Fund the

.member the by questcd

$rønsncjiotl.ج gnd operafions O1her IZ Section

undcr decisions end policies its a!l iD guidcd be shall Fund The (م)

und 7 Sec1ion ,VIil Aniclc in rorth scl objectiycs the by Scction this

the gr ,price the )o management the ayoiding of objectiye the by

.arkct. gold the in ,price fixed a or establishment

ßtransactiot opcrations in engeee tO Fuod the or Decisions (ط)

pcrcent eighty-five an by medc shatl below ) and (4) (e) under

.er. Y01ing total thc af mojority

after member any of currency the foc dج CII$ møy Fund ne (e)

proviöed ,sold %i gold the a.mency whose for membet the cgnsulting

General the in be\d wnency member's a of holdings Fund's the that

levcl the above sale the by increased be nol shall Aæount Resources

of (b()ii)8 Scction undcr chargcs to subjcct would lbey whkh al

providcd and mcmberj thc or tbe Articie this

shall selc of imc' thc nt Fund tbe the of teql.jc$t the At .th&t

•eur the of patt cuch member another 0f currency the for exch•nge

a 0f exchange ne .increose an prevent would as received rcncy

aftcr madc bc sh•n member another of curreocy the for CUtrency

Fund's the increase not shall and membert that with consu(tatiqn

they wbich at level the abote currency membcr•t tbat (o holdinp

The ,Artide this of (b()ii)8) Scc1ion undcr char8es tO subject be wou}d

exehanges IO regatd with procedures and policies adopt shall Fund

$thi 0f (i)7 Section under applied pdndples the accoont into tBke thal

price a at bc shDtl member 8 tO pmvision this under Sa(es .rticle.

.market the in Pfices of basis the CO transaction each for agreed

.in goki in member a from payments may Fund The (d)

•tnns aperationsoc any in currerxy or righu drawing speciai oZ stead

this undcr Fund the tO Payments .Agrcement this under actions

لي

2' Sec ٧ ٨٨

*IF !o •OpY•tWt V.

transaction or opcration cach for agreed price a 8t be shall provision

markeL the in ptices Of basis the on

sccond thc of date the on it by held go}d sell may Furrd fte (e)

mcmbcrs wetC lhat members those tO Agreement this Of smcndment

their tO proponion in .it buy CO agrec lhat and 1975 *3t August on

above (e) undet gold sell tO $intend Fund the tf .ate. that OQ quotas

•mem developing eaeh tO sell rnay it ,belgw (ii((/) of porpose tbe for

sold if .ich. gaEd thc ol prtion that it buy tO agrees that ber

becn have could that exccss the produced have would ,Above (e)

sold bc would that goEd The .low. (ili)()) under il tO disttibuted

tO ineligibte deciared bcea has that membcr a tO provision this undcr

.Arti this of Section under Fund thc )o ESOurCCS general the use

Fund the unless ,CCOSCS incligibiEity tbe when it tO soid be shall de

under mcmbcr a tO gold of saJe ne .ooncr. sale the make tO $decide

a 81 and cvrrenq it5 for exchange in made be hall$ (م) subsection this

per right drawing special one tO sale 0f time lhc at equivalent pricc

.ld. neå )o gram 671 8C.O

the on it by hcld gold sells Fund the above (e) under Whenever )

the or pmount an .Agrccmcnt this of amendmcnt second the of date

right dnwing spccial OnC tO sa}e or time thc tß equivalent pt#ceds

-Rc GeneraI Lhe in ploccd be sh•li gold fioe )O gnm 671 O.B88 per

under otherwise decide may Fund the sø except ,and Account sources

•Ac Disbursement Special the in heid be halt$ CXCCSS any ,bc(ow (ى)

be shall Account Disbursement Special the in held SetSß The OUNL.

,Department GeneraI the of othcr tbe from separately he\d

:timc any gt uscd be may and

(أ)

(ii)

(iii)

tor Resources General the tO transfgrs meke oا

authorized transacLions and opcrations in uSC irnmediatc

SecLion; this than other Agrecmcnt lhis )o provisions by

authocized not 8te that transactions and opcxations or)

coosistent are but Agrccmcne this of provisions other by

subsection this Under .und. tbe )o putposes the with

made be may assistance payments of balancc ((i())

-)di in membcrs developiog tO terms special on availablc

shan Fund the purpose this for and ,citcumstances ficult

income; capita pec of levei the eccount into takc

wetC that membcrs developing those to distribution for

their 80 ptoprtion in *1975 ,31 August on mcmbeo

the that assets tbe of pan such of ,datc that on quotas

as above (ii) or purposes the tor use tO decides Fund

يعسس

li Y,Sec Art

tho of Op»•atbn3 ٧

tbese of quotas the 0f proportion the tO 'correspond

the of total Ehe tO distribution of dBte the an members

tbat providcd .Bte. same lhc on members all of quotas

tbDt mcmber a tO provision lhis undcr distribution the

r<ouræs general lhe use tO ineligible declared been has

møde be shall Artic!e this Sof Scction unÖer Fund Lhe of

tO $decide Fuod the unless ,ceasez incligibility thc whcn

.ner. distribution thc make

a by taken be shali above (i) tO pursuant assets use IO Decisions

decisioos RDd .POWCT voting total the ot majority percent scvcnty

•per cighty.fiyc an by takcn be (shal gboye (iii) and (ii) tO pum:ant

.er. voting total the of mejority )CCO

the of rnajority pcrcent ei8hty-nvc on by decidet may Fund eü (ى)

(f) in tO referred CXCCSS lhe ot part a trenster O) .power voting

provisions the tO pumant use or) Accounc lnvcstment the tO above

/)6) Sec1ion .XII Article of

a invest may Fund the .obovc (/) under specihed uses Pending (أ)

in Account Disburscment SpeciaJ lhe in he}d cucrency member's

obligations markctable in or membcr that O] obligations m•rketable

itwestment of income nc .rganizztions. financiel intemationtl of

S: the in placed be shttl above (ii)) undcr rcccivcd interest end

thc without made be shaW investmenc No .ccount. Disburscment (cia

the émak tQ wed currcncy whose mcmber the of concurrenCe

iD dcnominated obligatiors io only inycst *shal Fund ne .Lnyeztment.

.investment tor uscd curreney the in or rights drawing speciaE

time from rcimbursed bc shall Account Resources General n•je (1)

SpeciaI the of ndministration of CXPCn$S the oi respect in time IO

by Account Resourees Gencral thc from paid AccounI Disbursement

a 0f the on Account Disbursement Speciai thc from trønsfers

.xpettseg. sueb of estimate resonable

thc in terminatcd be shnll AccounI Disbursement }Specia Thc (ى))

tD prior terminated be may and Fund the of tiquidation the of CVCnt

total the of majority percent scyenty 8 by Fund tbe of liquidation

-tiqui the of because he) Of termination Upon .r. V0ling

io distributed be (shal account äth in OS$ets ony .Fund the of dotion

termination Upon K. Schcdulc 0f provisions the with

shall this in nssets any .Fund thc 0f Jiquidation t0 prior

in use immediate for Account Resources Gcacrat the tO transterred

majority pcsccnt scycnly a by ,Fund ne transacqions

thc for reguiations and rulcs adopt shall powett yoting total lhe of

.Acwunt Disbunement SpcciaI the of administration

له

3-i .»S ٧١ .4n,

J ,Vjt *'A

ممعن وه

٧ RTtCLEÅ

Tranden Capital

trans/ers capifal for resources generøl Fund*s lhe of Use .i Section

a meet EO resources general Fund's the use not may member A (م)

2 Section in provided as except (capita of outnow sustained or large

exercise tO mcmbcr ø tequest mey Fund lhe and ,AiticIe lhis of

.lf .und. the of resouTCCS general of uSC such prevent tO controls

appropriate cxercise øt ails) member a .requcst a such receivine aftcr

the use CO ineIigibJe member the declare may Fund the .controls

.und. the of genetal

,•dccmcd bc zha!t Scetion this in Nothing (b)

Fund the of rCSOUCCCS general thc of use tbc prevent tO (i

requitcd a.mounc rcasonablc ol tnnsactions capital for

ot course ordinary the ln Or 'export or expansion the for

OT bgsiness; other OC bankingt ,trade

•mem a of out met are which movements capitbl affect IO (ii)

such that undertake members but ,resouræs own bcris

•pur the with accordance in be will movementS capitat

.und. the ot POSCS

lransfers capitat for provisions Speciai .2 Secüon

10 purchascs tranchc TCSCtye make RO enlittcd be shall membcc A

.sansfcrs. capital meet

tra,ufers امpiه of Conrrob 3. Sectioo

reguiate 10 necessary are R8 controls such cxcrüc tnay :Member

u•ese exercise may member no buC moyementSt capital imemational

-tratwc current tor payments resttict will which manner a in controls

of settlement in funds of tranzfcrs dclay unduly will which or tions

in and (b)3) SecGon ,VII Artid•a in provided aS except ,commitmects

.2 Section ,XIV Artide

VII ArtICLR

Currtncies ndø RcpleaLshment

cuneada of holdings Fund's he، replenish tO Measura 1. Sec;ion

replenish tO appropriate atlion such deems it if ,may Fund ne

Resourccs GcneraI chc in currenCY mcmber's any of holdings its

حير

-7 .»S ٧١ Am

$Ctrtg•«cb Sæ•m ع .T

or eiLber take ,tr.nsactions its with in oeeded Account

:Steps foIEowing lhe of both

conditions and tCtrru on ,lhat member the tO *PfOPO أ)

latter Lhe .member the and Fund the •between agreed

•concur lhe with .that or Fund the O! its lend

currency soch borrow Fund the ,membcr the of rence

-ter ihe outside or wi!bin cithcr sourcc other some from

under be hll membcr no but the of ritories

IO o; Fund tbc to loan5 such make tO obligation any

from Fund the by cutrency its of the in concur

.SOUFW othcr any

-cur its selt tO .participant a is il if .mcmbcr thc tequirc (ii)

the in held rights drmwing spccial for Fund the tO tenCY

,XIX Aetick IO subject .Acc0001 Resoutcca General

Lbc .tights drawing spcci8l wilh replcnishing in 4. Sec1ion

.designa of ptinciptes the ta regard due pay shdil Fund

5. Sec1ion .XIX Article under tion

currenCy of scgrcily General 2. Scction

is CUnenq panicuiat a Ot scarcity geneml a that finds Fund thc If

repon a isue may ndø inform SO may Fund thc ,developing

-&recommend containing tnd searcity the ot causes the forth setting

member thc of representativc A .nd. an tO it bring tO designed tions

the of preparaüon the in pnrticipate shall involved i.s curtency whog

.rcport

holdings Fund*s the of Sca,rcity ,3 Section

•mem a fot demand tbe 1h8I Fund the tO evidcnt bccomcs it If a)

lhac supply 10 abilily Fund's thc thrcatens seriously CUtrency ber's

•Scc undgr tcpon a lssued has it not or whether .Fund the .currency

and scarce øa.atren such declare formel(y shall .rticle. this 2of tion

the Qt supply aecruing and cxisting its apportion thcnceforlh hnll،

lhc ,membcrs of needs relzlivc the tO regard due with cuneney scarce

pcrtinent 01her any and .situation economie intemational general

its conceming report g isue atso shail Fund The

.ion.

u: an مه operatc shall above o) under declatetion formal A (b)

-tem .Fund the witb consultation after .member any thorization

opcrations exchangc of freedom tbe on limitations impoe tO porerily

and ]V Aniclc of ptovisions ehc tO Subjcct .trtDCY. garce lhc in

فه

إ .0 Arc

-١ غ؟ ٧ .Art

Me•n%en (d وOb .

-detee in jutisdiction complete h8ve shall member the ,C Scbeduie

no be shall they but ,iimitathns such of nature the mining

-cuf thc for dcmand the limit to neeessary is than rcstrictive

.question in member the .tO aecruing or ,by held supply the tO øren

conditions ag rapidiy ES removed and relucd be shall they and

.rmit.

the wbcnevcr expire shail eboye (b) undcr authoriz•tion lhe (c)

ionger no be tO question in curtency the declares formally Fund

restrictions of 0lion'Admini$t .4 ßSecti0

or CUrtenCY Lhe of rcsFCt in restrictions impxing member Any

this of (b)3 Scct;on of provisions the tO Jtsuant* member other any

representations any tO consideration sympathetic give shatl Anicie

such of administration tbe regatding member 0Iher the by

.tric;ions.

restrictions on ggreemenls inrrnaåonal other /o Effect 5. Scction

engagemcnu any of obligations the invoke 10 noc agree

such in Agreement this tO prior mcmbetl othcr wilh into cntcrcd

,rt}cJe. this Of provisions he) of thc prevent will manner

V1It Arncce

Mertben of ObOgations GcnenI

lntroducäon 1. Scction

this of artic}es othcr undet assumed obligaclons the IO addition ln

this in out set obligations Lhe undertRkes member each .Agreement

.rticie.

paymeng cument OR rzst'ictions of AY0idance .2 Section

-Ar1i and (ط)3 Section .VII Articlc of provisions lhe LO Subjcct (o)

the of approval the without ,sh8ll member no ,2 Section .XIV cle

transfers and p8yrnents ot making the on restrictions impose FundI

.ansactiorts. intemational current for

member any ot cutrency the involve whicb contracc Exchange (b)

that of regut8tions conttol eaehange the tO mntrary are which and

Agteement with consistently or maintained embet.

با

من 64)

(صفعة 17

Set .VIII .n.

3: .

«٠.

ك و :

لا م..

d o•ened ٧

,addition ln ,mber. eny ot territories the in unenforccabie be 8hall

-pur lhe for measurtS in cooperate .accord mutual by ,may memben

mcmbcr eithcr of »cgulatio control exghangc the meking 0f POSe

•CO•n are regulatioas and mcasutCS such that provided ,cf)cetive morc

.greement. this with sistenl

praclices cutrenq discriminafory oj Avoidance .3 Section

gencjes• flscel its of any permit or .in cngege shall member No

discriminatory any ,in engage tO I SecIion .V Article in tO reterred

whether .practices cutrcncy multiple or arrangements conency

under Of by prcscnbed or V} AnicIe under matgins outside OT within

approved or Agrecmcnt this under authorized BS ,C Schedute

the at in cngagcd atC praccices and arrungements such If .Fund the by

concemcd membcr the .Otce. into en)ers Agreemcnt this whea daLe

unless removal progressive tbeir tO as Fund the wifh consuh (hei$

in 21 Section ,XJV Anicle under imposed or maintained Ote they

.apply shatl Artick lhat of 3 Section of ptoyisions the C85C which

bafances foreign-held /o Convenibility 4. ScctiÖa

-an by hcld Wtrency its or balances buy shall membec Each (a)

:represents ,trchaseß the rcqucsting in ,latter ihe if member her)0

-NC tecently been have bought bc tO ba(ances the that (i)

Ot transactions; cutreat of resull a BS quircd

or{ payrnents making for needed is conversion lheir thal (ii)

.rgnsactiom. current

special in either pay tO option the heye shall member buying Tc

of øCUrTet1 the in or .4 Section ,)XD Artide tO subjecL ,tighcs dtawing

.requcst the making member the

:when appty not bhall above (o) ia obligation The (b)

•COn rcstricted bccn has batances the or theconvcrtibüiiy (أ)

-Sec .VI Anic1e or Articie this 2of Section with i'tenely$

3; tion

transactions )o rcsult a as occumulated have bnlatket the (ii)

rcscrictions af membcr B by scmoval the before etfected

2; Section .XIV Anicle under imposed or maintained

-CX the tO conttary ocquirgd bccn haye

balances lhe (iii)

buy tO asked is which mcmbet thc of regulations change

them;

لر

(vأ)

(٧)

5. . ArL

ksnberz 'O*tbtT }a•a

has purcb•se tbe requesting member the of cuaency the

or 4(3) Seclion .VIL Atticle undcr scatce declared bccn

ny• foe is purchase the make tO requestcd membet the

members other of currencies buy tO entitlcd not reeSOn

.currency OWn its for Fund the from

informatign Qf Furnishing 5. SecEion

-infor such with it fumi5h tO members rcquire may Fund ne (a)

-mini the as .inciuding .actiyi)ics its ror 8D•necess deems it as mation

-na ,duties FuQd's the of discharge e)fectivc the for mum

:mauers onowing) thg on data tional

(ة)

أأ)

(iii)

(iv)

(i؟)

(ii»)

(viii)

(عن)

(x)

(1i)

.gold (1) of abroad and home at ho}dings official

exchonge; foreign (2)

financiai and banking by abroad and home at hotdings

oldi. (t) !o .agencics o)ficial thaa her!0 .agencies

exchange; foreign (2)

goid; of production

-desti )countcicso tO according imports and exports gold

origin; and na'ion

of terms in ,metchandisc of imports and exportg total

.destina of countries IO according ,values cutrency local

origin; end tion

in trade (1) including ,payments of belance intcmational

-cap known 3) ,transactions gotd (2) ,services and goods

:items other (4) and ,fransactions ital

investments ..i.e ,position investment international

and abroad owncd membcr the of tcrfitories thc within

tcrri)oriesso its in persons by owned abroad investments

.•in)ormation this fumish to posible is it as ar)

lncome; national

.whole in ptices commodi1Y Qf indiccs ,.i.e indicest pricc

priccs; import end cxport of and markets rctail and sale

currencies; foreign for rotes sclling and buying

ot 6tatemcnt compteheosive a ,.i.e ,controls exchange

assuming ot time thc at cffect in controls exchongc

(صفحة 18 من 64)

.1 ArL

'My•rbcf al WL

subscquent of delaits and Fund lhe in

and OCCur; hey) as changcs

of delails .exkt $arrangement elearing !offic.ia where (xii)

commercial of reSPCCt in c(earance awaiting arrwunts

-dur time ot lengtb tbe of and ,transactions finsncial and

.utstanding. been have arrears such which ing

.conådcta tnto take shall Fund the infomution requesting ln (b)

.equestcd. data the urni$h) O! memben of ability varying the cion

such in information umish! tO obiigation no under bc shall Mcmbcts

.isc(osed. ate or individuals of affairs lhe that detail

in information dcsired ttE furnish tO .however .uodertake Members

as tar SO .and practicab}e is as manner a accurate nd• detailed SS

.egtimates mere avoid tO .possible

•agree by information unher) obtain tO arrangc may Fund (c)

and collection the for cemre a BS act shall lt .cmbers. with mcnt

thus ,problcms finnncial end monctary on information of exchange

in mcmbers assist tO designed tudies، of preparaflon Lhe facilitating

.und. the 0f purposes lbe turther which policies developing

وinايذد regrtding members between Consufration 6. Section

agreemeng intemationat

special lhe in euthorized is member a Agreement this under Where

maintain tO Agreement the in specified circumstances temporary or

other are Lhere and ,transactions exchange on restrictions cstablish OT

Agreeme0l this tO prior into entered mcmbers betwccn engagementS

to panies the .restrictions such of application thc with conßict which

-mek tO view a with gnother onC with consult shall engagementS such

nc .cegary. be may 2S adjustmenl.s acæptabte mutually such ing

operation the tO prcjudice without be sball Artic1e chis of provisions

5. Section ,VII Artide of

reserve on poticies regarding cotlaborate tO Obligadon . Section

agetf

with and Fund tbe with coilaborote tO undertakes member Each

member the of po(icies the that ensure to order in membcrs othcr

of objectives the wilh consistent bc shall sctsø rescrvc tO respect with

liquidity intemational of surveillonee international better promoting

the in 8SSCt resene prineip•l lhc right drawing srxciat trr making and

.tgm. monetary itqernational

..•

. ١٢S .Art

PrMtßs Mم Älrm•u.Hi .ß't8t

ARTtCLZIX

PrWileges ead ,lmmunllies

Artide /o Purposes ,I Section

•en is it which with tunctions he' tulfill tO Fund the enable To

-Arti this in forth t* ptivileges and ,immunities ,status the

.member each 0f territories the in Fund the tO accorded be sball cle

Fund the of Sta1kT 2. Section

,panicutar in and .rsonality. juridieai !ful possess shatl Fund The

:capacity the

COMt•a•Ct; IO (i)

•prop movablc and immovable of disposc and ecquirc tO (ii)

and eny;

proceedings iegal instilute O! (iii)

"prE? judicial from tmmunity 3. Section

by and iocatcd whcrcycr ,bssets its and property its ,Fund The

judicial of form cvcry from immunity cnjoy shall .hekl whomsoeyer

for immunity ils waivcs exprcssly il that utcnt the tO cxcept process

.ontract. any 0f lerms the by or æproccedin any of purpose the

gcrion her{0 from tmntuniry .4 SecLion

-whom by and located wherever .Fund the of assets and Property

,coafiscation .requisition .search from immune shall .held soever

tegislative or executive by seizure of orm{ other any ezpropriation.or

.ction.

archiver /o lmmunny 5. SecLion

,inviolabie. be shall Fund the af archives l%e

restridions from اه of Freedom 6. Section

in for provided actiyities the out carry tO necegary enent the To

from free bc shall Fund the ot ossets and propcrw all ,Agreement lhis

.ature. any of moratoria and .controls ,regul.lions ,restrictions

contmuaicarions fvr Privifege 7. Section

by aecorded be hell$ Fund the of communications official fie

other )o eommunications official thc 8S creatmenl Same the members

سيحسر

ها

(مفحة 19 من 64)

e-JX,Se6 .n.

and ,lrrtvt•*tlts ,tw•* لا

employees and omcen of priyileges and lmmuaities . Section

•cOm of ømembc Altetnates1 ,Directors ecutiveü .Governocs AII

,(J{3 Section .XII Anicle under appointcd representatiycs ,miuees

of ßcmploye and ,persons toregoing the of any of advisors

:Fund he)

actS tO respect with proceg !kga from immunc be shall (i)

when except capacity omcial theic in them by pedarmed

,immunity this waive Fund the

•im same the granted be shBl1 .nationois local being {O" (ii)

registration alien .restrictions immigrntion from munities

the and obligatiorw scrvice nacionat arxf ,yequiremenis

-ac ate as restrictions exåangc regarås as fadlities SamC

8nd .offcials ,representatives the t0 members by eorded

ndø :membgrs other ot nnk mmparable ot employees

-tcavcJ )9 rcspcct in tre•tment same the gtanted be sball (üi)

-repcesenta tO ræmbers by accorded is as adlities) ing

ot rank comparable Qf employees aod affiäal't ,tives

.members other

raxatlon from lnvnuniries 9. Scction

and operalioas its aod .income .property .BSSCtS its .Fund Thc o)

atl from immune be shall Agreemeot lhis by authorized cransactions

immune be a!so shalj Fund ne .uties. cuszoms all from and taxation

.yاuة or tax any of payment or conection the f0f liabili1Y from

-emo(u and saLaries of respect in or on levied shall tax No (b)

,omcen ,æNtemat .Directors Executive lg Fund the by paid ments

or .subjects local ,citizens loeal not are whg Fund he% emp!oyeesof or

,atioqals. local other

or obtigation any on levied be shnll kind any of taxation No (e)

intcrest or dividcnd nyø including ,Fund lhe by issucd security

held; whomsoeyer by thcreont

security or obligation such against discriminates which (i)

or origin; its of becausc solcly .

lhe is taxation such for bnsis jurisdiclionel so}c the if (ii)

OC payabte made ,issucd is it which in cutrcncy Of p4ace

busincss of or o)ficc any of location the or ,paid

.Fund the by maintained

ig Arc

. ,XJ Art

ComtrB

ArTicle of Appticacion .O. Section

(OWT its in neces"ry is as action such take (shat membcr Each

law OVO its ot terms in effective making of the rar $temicorit

the of Fund che inform (shal and Afticte this in forth principlesset the

.ken. &h it which action dctaited

X ARTICLE

Organba1iorts lntemationet O1het with R&iiom

wit.h Agrecment this or tetms the within COOperate shall Fund ne

intemationaJ public with and organizaqion intcßEtional gcnenl any

Any .fiéids celated in rcsponsibilities spcci8lized haviug organizations

-modifica a inyolve wouid which coopcntion such tor orrangement5

after only etfected be may Agreement this ot ptovision any of t}on

.XV]II. Artic}e under Agreemeat lhis O! amen-dment

)X ART1CLe

Coun1riee Non•Mcmbcr vilh RelBtion•s

non-member wilh retatiotu regaeding Undertakings .l Section

countries

:»undertak membcr Each

(5)

(ii)

(iii)

agencies fisal its ot any pemit tO nor .in engage tO S1Ot

any im engage tO 1 Sec1ion .V Article in tO refetred

a iD persons with or non.member a with transacGons

the tO contrary be would which tenitories %non-member

the 0f purposes the Ot Agtecmcnt this ot provisions

:Fund

a in persons with or non.rnembcr a with cooperete tO not

be would which practices in territaries non.memberts

•pur the or Agreement Lhis 0f ptoyisions the مt

znd Fund; the oE POS<

application the O' view a with Fund the with cooperate tO

preycnt IO measures apptopriLte of territories its in

their in pcnons with or non•merabers wilh traasacüons

or proyisions lhe tO contrary be would which territories

.und. the of putposes the Ot Agreement thi8

مب

(مفعة 20 من 64)

2.ke .Xt Ara

ør. QgmLt8lb1 ,XII

countries non.member with jransactlons on Restrictions .2 Section

tO member any of right thc aftect (shal Agreemeat this in Nothing

or non.mcmbccs with transactions exchange on rcstriclions impose

: such thøt finds Fund the unEess territories their in PCßOnS with

the to COnttBty are and membcrs of $interest the prcjudice .striction

.und. tbe of putposes

XII ART'Q.E

Monegement tnd

ثمسF the oJ S1ructure 1. Secti0fi

a ,Board Executivc nn .Covcmors ot Board a have holt* Fund fie

-Gover of Board the if Covncil n and .slaff a and .Director Manaeing

yoting total thc of majority perccnt eighty.five an by .deciöes non

.applied aliå D Schcdule 0f provisions thc that p•owert

Governors of Board 2. Secüon

the an directly conferred not Agreement this under powers AIE (o)

Director Managing thc or ,Board Executivc dte ,Govemors ot Board

Govemors of Board c% .ovcmors. of Board the in vescd be shall

each by eppointcd Altcmatc one and Govemor one of consist shaJt

arxj Governoc Eech .ctcrminc. may it as maaner such in member

-AI No .8de. appoinlmcnt new a until serve shall Alternate each

0f board nc .rincipaf. his of abscnce the in exeept VOte may temate

.Chairman 8S Goycrnors thc of ODC sclcct alt•é Governors

Boatd Executive the CO detegate may Govemots of Board ne (b)

except .Governors af Board tbe OI powers any exetcise tO authority

of Board thc on Agreement thls by directly conferred powers the

.overnors.

be may BS meetings such hoid shBll Govemors of Board nc (e)

Executive the by callcd or Governors ot Board the by for provided

whencver cålkd bc 5ball Governors 0f Board thc of Meetlngs .rd.

of onc•guartcr having mcmbcrs by OT membcrs fifteen by requcsted

.powet voting total the

be shall Govemors of Board lhe of meeting eny for quomm A (4)

thc of two.thirds than ess( not having Govemors the of mejority a

,power voting total

Y0tes of numbcr the cast tO endtled be shall Govcrnor Each (e)

appinting membcr the to Artic{e tha of 5 Section under allotted

.im.

لي

s. ,/Xt An

nا■

•pro a cscablish regulBtion by m•y Goyemors of Board ne (/)

O' actioa such il when ,Board Executive the wheteby ccdure

.Gover the ot VOtc a obtain may ,Fund thG of interats best the in

of Board thc of mecting a ca(ling without question spcci6c a on DQN

.ovcrnocs.

•CZ the tO Board Executivc the and ,Governors of Board n•tc (ى

bc may as rcgulations and rules such odopt may .outhotirzd lent

.und. the of business the conduct tO ppropriate• ÜO

-@tnpen without sucb 8S kr•ye shøu AlCernates and Govemon (A)

-reasonable.ex them pay may Fund thc but the from sation

.meetings attending in incurrcd p•etLSCS

tO rmunention the determine shall Govemors of Boatd ne 1)

-sat the and $Altemate cheir and Directors Executive the to paid

.ircctor. Managjng the ot of contraet the of terms and ary

eppoint may Board Executive lhe and Govemors of Board ne (ى)

commiltees )O Membership .dvisable. dcem they 8S committees sx-h

tbeir ar Directors ExecuUve or Ooyernon tO limited be need

.ÄAIternaI

Egecutiye 3. Seclion

the conductiag for tesponsible be shatl Board Eaecutivc The (e)

the all exercisc shall putpose ihis tor and ,Fund the of business

Governom of Boatd the by it tO deleg.ted powen

with DitccEors Exccutiyc of consist shatl Boatd Executive The (b)

•.Directors Executive the Of .hairman. aS Director Managing lhe

the having membcn fiye the by appointed be shall ftve (i)

aDd •,qugttl hrgest

.embers. othet lhe by electcd be shali fiftccn (ii)

the ,'Dircctor Execuilve of election regular each ot purpose the For

tocal tbe of majority eighty-fivc an by .Governors of Board

Executivc of number tbe decre&e Ot increase may ,powcr voting

(ii) in Directors Executive of number e% .bove. (ii) in Directon

-Execu if .be may ca;e the as tWDt or ßor by reduced be ball$ 8bove

Df Board the unless .bclow (e) uoder appointed are $Direct0T tivc

total the of majority Frcent eighty.five an by ,cidcs. Govetnors

dBcharge effectivc the hinder would reduction this that voting

Ot Ditectots Executive )0 or Board Executive he) of funclians thc of

.oard. Executiye the in baianee desirable a upsct tO threatcn wouJd

gr•d Directors Executive of election tegular second the at .lf c)

Directots Executiyc appoint tD entitled membcts the .thereafter

عس

هرا

( S. X١ مA

Ma tM epüatül الا

of holdings the .mbcn. tWO the lndude nOL dO aboyc (b()i) undcr

Account Resoutces Genera1 the in FuDd the by cutrencies whosc

redueed ,yeats IWO prcccding thc OVCt averagc the on beenr have

the of tcms in amountS absolute largest the by their below

seø the memberst such Of both OT one eilher righlt drawing special

.ircctor. ecutivcü an appoint mey .be may

at conduned be shatl Directors ExecuIivc elective of Elcc1ions (d)

Schedule of provÄions thc wilh accotdance in years tWO of intervals

.ppropriatc. deems Fund he' Sß regulations åsu by suppEemented ,E

.Gov of Board the .Directors Executiye of ekction regu(ar each For

of proponion lhe in ehanges making regulations issue may ßemO

of the under Directors Execuüve elect 10 rcquircd YOICS

E. Schedute

uil) with Alternatc an appoint shall Dircctor Executive EBCh (e)

Exccu1ivc the Whcn .presgnt not is he when him for CI& tO

in panicipate may :Altemate .ptesent ace them appointiog Directors

.VOte nol may but meetiny

-suc their until Q)fice in continue shan Directors Execulive (/)

Exeeutive elected en of office the if .lected. or appointed are CCSSOTS

his )0 end the bc)ore days ninety lhan more vacant becomcs Director

rcmaindcr tbe or) ekcted be shail Director another ,term

.Direc Executivc omer) the elected thet members the by lem the of

WhiIe .lection. for required be shall cast Y0tes the of majority A .tor

Executive former the ot Anernate the .vacant rcmains officc tbc

an pointingø ot that except .powcrs his exercisc sbBll Director

.ltetnate.

at scssion continuous in funaion shall Board Executive ne (ى.))

business the ES ofien u meet hall$ and Fund lhe of office principat the

.equire. may Fund tbe of

« be shaD Board Executive the of meeting any for quorum A (h)

of onc-half than $kS noq having Directom a»utive thc of majority

.wcr. voting tO*al thc

10 cndtled bc shall Direcqot Exccutive appointed Each (i n)

this Sof Section under aliotted votes ot number the cast

.him the tO Article

.Execu an 'appoint that member a tO alioeted votcs the Tf (ii)

Executive an by CBSt wete above (e) under Director

-mem 0ther tO a\lotted $vote the wlth together Director

Ezecutivc of electton tegular I8St lhe of result n as bers

(iii)

٧)

صعفه ح

other the of each wich agree møy member the ,Directors

be sha!l it tO anotted VOLQ ot number the lhat members

rrærnbcr A .irector. Executive appinted the by cast

lhe in parüdpate not shall gteemeotø an such ma(cing

,ßDircct0 Executive of election

east tO entitlcd bc hall$ Director Executive elected Each

clect.ioru towards counted which votes of number the

are Anicte this of (b(5) Scction of ptovisions the Wbcn

would Dircc1or Ezecutive an which votes fhe .applicable

.de OT increased be shali cast O! emitled be o{berwise

.Execu aa which YOtet the AtI .eotrespondingiy creased

.it. as cast be shail Q$I o" entitled is Director tiye

$i member a )o righ1S voüng the or suspcnsion thc When

the nd• (b)2 Section ,XXVI Articie undcr teminated

Dircctort Exccutive an appoint tO entided not is member

havc that members the all with agree may member the

votes 0f numbcr thc that Director Executivc an elected

Execgtivc such by cast bc shall membet that tO ted)all0

•Execu ot electtoa regular no it .that provided ,Directct

of period the during been hBS Directors tive

clection whasc in Dircctor Exccmive the ,swpcnsion thc

or .suspension the tO priar participated h8d member the

paragraph with accordance in elected hB

entitled be shall abovet A) with ar L Schedule Of (c()i)3.

The .mber. the IO allotted votes of number the cast tO

the in participated have IO decmcd bc shBll

the CLSt O) entided Directot Executive the of elecüon

.cmbcr. the tO allotted VOtCS Of number

whlch under regulations adopt shail Ooyernorv of Board n•x•e /)

(b) undet Direc1or Executiye BN )appoin IO cntitlcd not mernber

•Exccu the of meeting any actcnd tO rcprcscnmive a End may above

.affecting particularty matter a by,or made request ø tiveBoardwhen

.onsideration. under is mcmbcr Lhat

staff and Director 18'Mancgi .4 Section

who Director Managing 8 ccleet shall Board Executivc ne (م)

Managing lie' .irector. an or Govemor 2 be not shail

no haye shaIJ but .Board ecutiye& the of chairman be shall Direaor

may He ,ivision. cqual an of COSC in VOte deciding D VOte

V0te not shali buL .Goyernot8 ot Board the or meecings in participate

را

5. .xn hn

MMaßmwrt Gwüatm.01(

officc hoJd tO eeøsc ahall Director Manegiog The such at

.cZcs. O& Board ExecuGve the whcn

)o )staf operating thc of chief be hau* Director Managing Thc (ط)

Execut[ve the of direcdon the vnder .conduct shell and Fund tbe

general the tO Subject .und. the ot busincss ordinary the .Board

•orge the for be shail hc ,Board Exccutive the of control

.und. the of 8taff the Of dlgnissal and ,appointment .nization

.dis the in .Fund the or staff the and Director Maaaging The (e)

Fuad the tO cnticely duty lheir OWe ahail tbeir of charge

lhc respect shatl Fund thc of member E.ach .uthority. other no tO and

attempts nll from refrain shall and duty this of hncler intemaCionaJ

.Unctions. lhcsc af discharge the in staft the ot any iDfluence tO

tO subject ,shan Director Managing the staff the eppointing ln (4)

*e)fi Of standardg higbest lhe securing of importance patamount the

-impor the tO tegard due pay ,compctcnce technical of nd• ciency

as basis (geographica a wide aS on pcrsonnel recruiting )o æ•tan

.ssib(e.

V0fing 5. Scction

-addi one plus VOtes fifty hundred tWO have shall member Each (o)

hundred one tO equivalcnt quota its )o part cach for YOte tional

.*ighl. drawing spccial thousend

.5 or 4 Secüon Vt Arliclc under rcquircd is voting Whcncver (ط)

entitJcd is it which tO VCtCS of number the h8YC shalt mcmbcr eaeh

adjusted (a) undcr

each of cquivalent the for VOte one of Addition the by (ز)

sales nec of rights drawing speciai thousand hundred four

up Fund thc ot res•m„ltces genetai thc from currency its ot

Ot .laken is VOte the whco date the to

each ot equiyalent thc tor YOte one of subtracüon the by (ii)

net its of rights dnwing special tbousand hundred tour

to من (/) and ()3 Section ٧ Article under purchases

.taken is VOte the when datc the

at dcemed be shali salcs nct nOr purchases net neither that provided

member the of quota the tO cqual amount an exceed tO time any

.involved

the of decisions ail .rovided. otherwise aS Except (e)

•. VOtCS thc of ma(ority a by made be shall Fund

Manaeo••rmt OW&ethn .dlلا

inyestmenf a.ad ,lncome net of distribution ,Resenes . Section

income nct its Df part whtc nnnually determinc shall Fund The (a)

(i ,PbN whal and .rescrye special or rcserve general tO placed be shall

.istributed. bc shall• ,any

for purpose any for reserve special the eد may undÉ ne (ط)

.i51ribution. cxcept reservet general the use mRY it

il ,yeat any of incame net the of made is disttibution eny (1 (c)

.quotas thcir tO proportion in members an tO made bc shan

voting total thc of majority perccnt Sevcnty a by .Fund The (d)

generni the Of par any distribule tO time any al deöde may ,power

•pro in members all O) madc be sh2II distribution auch Any .resctve

.quolas hcir) tO portion

spccial in made be shatl above (d) and (c) under Payments ()

may mcmber lhe or Fund lhe eicher that ptovidcd ,ights. drawing

OWn its jn made bc shalJ member the tO payment the thaL dccidc

.currency

thc for Account Jnyestmcnt att establish may Fuad ne (i) r)

-lnvcst the 0f a*CtS lhc ()). subsec:ion this Of purposcs

other lhe from separate(y heid bc shall Account ment

.Departmen1 Gencrat thc of aCCOuntS

.Ac lnvcnment the IO ttansfer tO decide may Fund The (iأ)

-8CCOr in gold of saJe the )O procceds the of part a eount

seventy a by ,and ي))12) Section .V Article with dancc

t0 decide mny ,power yoting total lbe of majority percent

.in immcdiate for .Account lnvcstment the to' transfer

-Ac Rgsources GeneraI the in heJd currencies YCSCmentt

the excced not shall transfers lhese ol amount ne .ouot.

-re special the and reserye general thc of amount total

.cision. the Of time the at serve

the in hcld currency member'B a invest may Fund Thc (iii)

(v9ف)

that of obligations marketable in Account lnvestmcnt

internationaE of obligations markctable in OT member

.with made bc shaJJ )invexmen NO .organizations nancial

is CurrenCy whose membcc lhe of concurrcnce the out

oniy invest shall Fund ne .inyestment. the make tO used

or rights drawing special in denominated obligationa in

.J1VCStment(. for uscd Cutreney tbe in

•8CCOr in invcsted be may inyestment of ineome The

lncome )) aubscction this of provisions lhe with dance

را

öe-& .ff.

ManeFtem er< vu±z•tbaü .XII

or Account lnvestmcnt lhe in hcld be shall invested not

lhe conducting )o expenscs the meeting for used be mBY

.und. the of busincs

.io the in held currency member's م use mny Fund mle (v)

tO neeöed currencies lhe obtain IO vestment

the of business the conducting O] expenses the meet

.und.

the in terminated be shaD lavestmcnt Thc (vi)

.tcminatcd be may and Fund the or liquidation of event

priot ,reduced be may investment the of amount the or

majotity perceat seventy O by Fund the of liquidation tO

-per seventy a by .Fund Thc .ower. voting totaJ the 0f

rutes adopt shall .power voting totai thc ot majority cent

-lnvest thc of administration regarding regulations and

.(viii) ,(vii) with consi$teot be shaJl which meot

.betow (ix) and

ot because Account lnvestment the of terminatlon Upon (vii)

shatl CCOUM& this in assetS any üFgt the of liquidation

oE provi5ions the with accordancc in distributcd bc

•COt asscls thcse )o portion م that ptovided ,K Schedule

10 transferred aget5 the ot proportion lhe tO responding

tota(of lhe IO ج)12. Sectioo ,V Article under aecount $thi

10 deemed bc 5han account lhis tO trøns)crrcd ZSSCtS thc

and Account Disburscmcnt Special the in held agetS be

•para .K Scheduie wiih accotdance ;n distibuted be shall

.(a()ii)2 graph

IO prior Account lnvestment the of tetmination Upon (viii)

in held aS%LS lhe or portion a ,Fuod the ot liquidation

-LS the of proporOon the lo corrcspoading this

Scction .V Atticlc under this tO uansferred setS

account the tO transferred assels the of totat the tO (&)12

-Ac Disbursement Special the tO tnnsretred bc (shal

ot balance lhe and .lerminated becn not has il if count

•ttans be shall Account lnvestment the in heid asgetS the

immediate far Aw:yunt Resources Generai thc to ferred

.ransactions. and opvralions in use

lhe by investment the of amount the of reduction a On (ix)

the IO conespoading reduction the of portion a .Fund

lnvestment the 10 transferred the of prop0T1ion

of totai the tO (s)l2 Section .V Anic!e under Account

transferved be ha!l$ account this tO transfcrred assetS the

له

74 ,XIt .Art

-1 ,XJtj .AN

been not has it if Account Disbucsement Spccial lhe tO

be shau reduclion the of balancc the and ,terminated

-imme for Aæount Rexources GeneraI the IO transferred

.ransactions. and operations in use diate

ßrepor of Pubticgtipn 7. Scction

audited an containing repott annual an publish shall Fund nE (a)

وrnonth thrcc of intervals Bt ,isue shall and .accounts its of statement

its and transacliotv and operations its )o stalemcnt summary a .less or

.embers. or currencies and ,go[d .riBhts drawing !peeia$ of holdings

desirabk deems il as repotts other sgch pub}ish may Fund mc (b)

.UtpO*S. $it out cttrying for

members o، yiews /o Communica1Ion 8. Section

yiews iu communicate tO right thc have times alt at shall Fund The

•Agtee this under arising matter any on member any tO in)ormally

I01aI the of mejority percent seventy a by .may Fund ne .ent.

regarding member a tO made report a publish tO decide .power voling

.di which deyelopments and conditions economic or monetary its

intemational the in disequilibrium serious O prodqre tO lcad rectly

tO entiiled not is membcr the ]f .cmbers. of payments of balance

representacion tQ entit!ed be shall it .Directot Execut"•c an appoint

not shall Fund The .tlic}e. this or (3) Section with aecordance in

of stcucture fundamental the in changcs involving report a publish

.embers. 0f organization ecommic lbe

XIII ARt1Ct.E

Deposi1oties arrd Otbces

omces of Locaeioa 1. Section

0f territory the in located be shall Fund the of office principal The

offices bnnch or agencies and ,quota Jargest the having member tbe

.embers. gtber 0f tetritories the in estabtisbcd bc may

Depasitories i Section

depoaitory a as bank cenlral its designete shall mcmber Each (a)

bank eentral no has it (i or ,currency iu of ho!dings Fund's the all for

the tO acccptable may BS institucion othcr such designace shaEl it

,und.

حير

.Sec .ltl. Arz

2/ ٧ Ari

Arry•oettem-a N.

.deposi the in goldi including ,assets othet ho(d may Fund ne (b)

gnd qU0täS iargest the having rnember five the by dcsignated tories

-lni .lem. may Fuod the 8S deposilories designated 01her such in

the in beld be shall Fund lbe of holdings the of one.heif least at .tially

Fund thc territories #WhO in member lhe by designated deposiiory

Che in held be shall perccnt forty least at and offrce pcindpal its has

tO reterrcd members four rcmaining the by dcslgnatcd deposi10tics

with rnade tx shall Fund the by gold ot transfcrs all ,Howcycr .aboyc

of tequirernems anticipated and ttansport )o tS$c0 ttr tO regatd duc

or all ltansfcr may Boacd Executive the emergenq nß ln .und. the

be can they whcre pjacc any tO gold Fund's the of part any

.roteetcd. adequtcly

كائه $'Fund fhe of Guarantee .3 Section

-resuii loss against Fund the )0 asscts all guatantees membcr Each

esignatedé depository tbe )o pgrt thc on derault Ot faUurc rom) ing

XIV ARTICLE

'Arrangement TnruUiona1

Fund rhe JO Noüfcarion 1. Sectign

)itscl avail tO intends it whcthcr Fund u••e notify shall member Eaeh

or ,Article this of 2 Section in arrangcmcnW transilion:l the of

-Sec ,VilI Article of obligations the accept tO prepared is il whcthcr

-artanee (transitiorsa the of {'itse availiog membet A 4. odø .3 ,2 tions

tO prepared i3 it as theree)ter SOOO aS Fund the notify shall mentS

.bligations. thcsc acccpt

rettrictions Exchaage 2. Section

itsett avail tO intends it tbat Fund the notificd bas that member A

-notwilhstand ,may proüion lhis under arrangements trtnsiüonai of

maintain .Agreement this of articlcs 0ther any or provisions the ing

paymzntS on restriccions the circumstonces changing tO adopt and

effcct in were that transamioos intemation•l current for qnnsren and

.howver .shall Members .mcmbct 8 became it which on dBtc the on

the tO policies exchange roreign lheir in regard continuous have

take shall they ,pcrmit conditions as SOOn 8S .and .und. eل of poses

6nancial and commercial sueh dcvclop tO measøres possible ull

لر

3 S.W٢٧ Arc

9-/ ,Scc ) ArL

*RWtt ام .XV

—pay intemational facititate will OS rembets other with arransemcnts

ln .tes. exeh•nge of 8YStem stable ٩ of promotion tbe nd• ments

this uader maintajaed tesl.rictions wilhdraw shan memben .particular

tbc iD .able be wül they that saUsned arc they as soon as Section

a in paymeats or balance their settle tO .restrictions such ot absence

generat the tO ßacce tbeir encumber unduly not will whieh manner

,éFun the of

restHcri0Æ5 tg relating Fund lhe /o Action .3 Section

forcc in restrictions the on reports annual make shall Fund Ihe

-restric any retaining member Any .ieie. this ot 2 Section under

consgtt (hal$ 4 or ,3 ,2 Sections .VIJI Article with inconsistent lions

it it .tNY Fund lhe .tenlion. futther their tO as annualty Fund thc

•tep make ,drcumstantes ezceptional in neæssaot wtion such deems

tbc tor favorab}e are conditions Lhac member any tO resentations

•abandon gcneral tbc tor OJ .resttiction particular eny ot withdrawel

other any of provision.s Lhe with inconsistcnt .restrictions of ment

time suitable م givea be ihall member nle .greement. thts )o attiAes

membet the tbat $find Fund the Jf .representations such tO rcply tO

the witb inconsistent atC which restrictions maintaining in $persist

.XXVI Anic}e tO subjem be shall membcr fbc ,Fund the of purposes

.(a)2 Section

XV AX"CLE

$Right Dn•ing Spedal

rights drawing special altocare eo AurhoHty 1. Sectiot1

•*exi t0 supplemcnt a for ,arises it w•hen and as ,need thc mect To

drawing 5FCiat allocate CO åautboüe i5 Fund the asseB1 re$CWC ing

Rights Drawing Spccia1 che in parlicipants are i.hat members CO righ1S

.Departmeot

right drawing ;peciat the of Valumioa 2. Scction

•deter bc shall right drawing zpecial the of yøluation Of method Thc

yoting total the Of majority per*nt seventy a by Fund the by mincd

the of majority eighty.five an that ,howcvcr .providcd ,FWer

of principle lhe in chaage a tot required be fhall power voting lotal

3- S. ,XVI Arc

h+g%htsDepztmmt æo# DQ&trmnt Q»-ør*l XVL

priocipie thc of epplication the in ehange fundameatal a or valuation

.ffect. in

XYI ARTtCLE

DepAHment RighIg Draring SpedaJ nd• Departmcnt GenemJ

rransacfiotg and pperations of Separarion I. Section

righ1S drawing specinl inyolving transaaions and operations AII

.Dcpar1meot Rishts Drawing Spcciøl the through conducted be shall

Fund the of the on transoctions and operations other AII

through conducted shalE Agreement this under or by authorized

tO pursuant ttansactions and Operations .cpanmcnt. GeaeraJ the

•Dc GcneraI the through conducted be shall 2 Section .XVII Article

.cpartmcnl. Rights Drawing Speciat thc az well 33 partment

property and of Separation Z Section

administered resources Fund.except thc ot and a$•ets AII

-Dep8rt GeneraI the in beld be shall ,(b)2 Scction ,V Articlc under

.XX ArIicIe under tcquired properly Dnd that providcd ,mcnt

shall l and H Scheduies and XXV and XXIV Articles and 2 Scction

or Any .epartment. Rights Drawing Spccial the in heid be

discharge tO eyailabie be not shaEi Dcpat1ment one in held PSOFNY

in incurred Fund lhe Of ossa( Ot ,obligations .tiabilitics tbe meet Ot

-Depart othec the )O tranmctions and opgrations thc of conduct the

thc 0f business the conducting )O expenses the that cxccpl ,mcnt

from Fund thc by paid be shan Department Rights Drawing SFial

-draw speciai in reimbursed zhall which DepartmenI Oeneral the

•Scc ,XX Anicle under asessments by time 10 time from rights ing

.penses. such ot estimatc rcasonable a )o basis the on made 4 tion

informarion and Recording 3. Sccüon

effect take shall rights drawing speciøl Of hotdings in changes AII

-De Rights Drawing Special the ia Fund the by recorded when only

'thi of provisions the Of Fuad the notjry shall Panicipants .partment

Fund lhe' .sed. atC rights drawing speciel which onder Agreement

كم information other such wlth it fum}sh tD participants require may

,Unctions. iLs tor necessary deems ]1

-I ,XVtI Art

y٣mه OC dsa}%} ÜOT nnd PN9UTts 1.

XVIt ARTZCLE

R1gEts Drawing Speclel ot Ho(ders Other nd• Partidpents

Panicipang 1. Section

•instru an Fund the with deposits het) Fund the of member Each

-partici a of obligations the all undenakcs it that forth Etüng ment

with accordance in Depattment Rights Drawing Special the ia pant

catry tO it enable O! neCCSSary *StCP all tdcn has it that and Law its

Specia1 the in panicip•nt a become ahall obligations these Of all out

•depos is instrutnent the døte the of DS Deparlmen1 Rights Drawing

the bcfore participant a bccome shall member no thBt except .itcd

Speciat the IO exclusiveiy pertaining Agreement this of provisions

iß'truments and æfor into cntcred have Department Rights Dnwing

least al have Lhat members by Section *thi under deposited been have

.uotag. ot total the of percent seventy.five

hotder a ه Fund Z Sec1ion

.Re GeneraI the in rights drawing speciel hold may Fund ne

and operatlons in them use ond ccept& may and Account sounes

wi*h Actount Resources General the throogh conducted tnnsections

or Agrcement this of pmvisions the with accordancc in parlicipants

conditions and tcrm.s lhe with in bolders preeribed with

.rticle. lhis )o 3 Section uoder prcxribed

holders O1her 3. Section

:prcscribe may Fund ne

•non are that members ,non•members .hoidcrs U (i)

•cen a )0 functions perform that institutions ,panicipants

(offida othcr and .member one than more for bank tral

:entities

holders prescribed which on conditioas and terms the (ii)

may and rights drawing special hold tO permitted be may

with transactions and operations in lhcm use and aecept

ndø holders; ptescribed other and parliéipants

thc and participants which an condilions and terms the (iii)

Cße may Account Rcsouræs CeneraI the through Fund

drawing special in transaÄions and operationg into tet

.holders with rights

bc shan power voting total the Of møjority Frccnt eighty-åve An

condiLions end terrns Tbe .boyc. (i) under prescriptions for required

حيحر

2/ Sec ٨٧ ArL

ghtBÆ Sgecbi oi C.gxute••v CS i٥nاوه MIL

this of provisions lhe wilh consistent tr shBIl Fund the by prexribed

Drawing (Specia the of functioning effective the and AgreemenL

.partment. Rights

XVIII Arrrct.z

'Rlebt Dr•wtng Spe•öd or and AnocalEon

and altocation goveming co'tsiderations and PrincipIes 1. SecGon

canceflaeion

.cancella and allocation thc tO respect with decisions ig (al ln (a)

•long the mect to seek hall$ Fund the rights drawing spccial ot tion

•re existing supplcment to ..zriscs it when and S& ,need (globa tcrm

its of attainmcnt thc PrOT0Ote ill* as manncr such in assets sene

aS well aS deßation and stegnation economic avoid will and PUQO*S

.or!d. tEr in infEati0Ti and demand exeess

akc؛ لhaو righg drawiog special aüocate tO decisioo first lme (b)

that judgmcnt collectivc e .considerations spccial 8S ,RCount int0

a of altainmcnt thc and ,rCS-CßCS supplctrxnt tO need global a is there

a of likclihood the aS well aS ,equilibrium payments of bølance better

.uture. lhe in proccs edjustment the of warking betler

eanteUation and Allocatioa .2 Semion

dnwing spccial canel or a!Eocate tO Fund the of Dccisiorts (a)

consecucively run shatl whicb petiods basic for made bc sball rights

bggin shall period basic frrst The .ration. in yearS five be shall and

or ri#(ts drawing speciai allxate tO decision first the of date the on

allocatioas Any .ecision. that in specified be may $a date tater such

intervak ycar(y at placc take shall cancellations or

•ex be halE$ made be IO ate atlocalions whkh aL tate-S fie b)

tO decision exh of date thc on quotas of percentages aS presed

cancel!ed be tO are rights drawing special whieh dt ntes ne .llocate.

of alloations cumuiative net of percentages as expressed be (shat

nte .ancel. IO decision eacb 0f date the on rights djawing spcciai

participants alt for same the bc shalJ pcrcentages

,provide may Fund thc pcriod basic any for dccåion ils ln (e)

:that .above (b and (a) notwithslandiog

five lban othet be shall period basic the of duration lbe i)

or yean;

other at place take hell• Äcancel!ali0f or atlocotions the (ii)

or intervals; yearty lhan

,»$. J) AfL

Rgh13 fø ,WIB

the be shaii or Bttocetions for basis the (iii)

than other dates on aJtocations cumulative net or quotas

.ancel. or alloeate tO decisioas or dates the

period basic a after participant å that membcr A (4)

in periOd basic nert the with bcginning atlocations rcccivc shall starts

the unless pamicip•m a becomcs it a)ter madc are allocaüons which

teceiye tO sten shall participant DCW the lhat cides± Fund

-partici a beeomcs it aftet allocation ncxt he' wilh begjnning tions

panicipant_ a becomes that ormbcr a that decides Fund the If ,pant

remaindet the ducirrg allocations rcccive hail* period basic a during

the oa member a noE W&S participant the and period basic tbat ot

detetmine shall Fund the (c) Or (b) under estabJished dales

.ade. be 5hall participant the tO alloeations these which OO $basi thc

rights drawing special of teceive shau partiäpant A (م)

untess; anocate tO decision any made

of favor in VOte not did participant the for Govemor lhe (i)

and decision; the

10 prior writing in Fund the notified has participaot the (ii)

that under rights drawing spcial of allocation first the

be tO rights drawing spccial wish )•no does it that cision&

a of request the On .decision the undcr it tO allocated

effect thc terminate tO decide may Fund lbe .participant

.draw special or allocations tO rcspcct with notice thc of

.termiaaüon the tO subsequcnt righLs ing

-PC$ of amount thg cancellation any of date effectlye lhc OO if P)

thc of share its than less participant a by held rights drawing ciol

sha(l participant the .canccllcd be tO are that rights drawing special

.posi reServe gtOSS its as ptomptly as balanee negatiyc ics eliminate

this for Fund the with consuJtadon in remain shall and pemiLs tion

tbc after participant the by acquired rights drawing Special .urpose.

negative its against applied bc hall$ canccllation the Of date

.nw*led. and balance

developmens major Unupecred 3. Sec1ion

-can or anocation of interya}s or rates the change may Fund ne

م of length tbe change Ot basic a of test the during cellation

:find Fund the time any at if ,period basic tWW a Stan or Fricd basic

developmentA major unexpemed of because SO do O) desirable it

بأ

عفه

بغ

XVtJt,Sez4 Art

'Aght 4ng*8pecltM Of Camzfhtøn " NOC8tba ML

cancellarions and anocmions on Oecisions 4. Section

this of 3 Section or (e) and (b) a)2) Section under Decisions (o)

or basis the on Governors of Board the by made be hall' ArtkJe

Executivc the by in coocurred Dicector Managing the of proposnls

.oard.

afEer .Director Managing the .(proposa any making Before (b)

of provisions the with consistent bc will it that !himsel salisfied having

wilE as corzultations such cooduct shall .Anicle this or (٥)1) Section

-pattid among suppon broBd i3 thete that asccrtain tO him enoble

thc tor a making berore edditiom ]n .roposal. the tor pant3

the that himself sati5fy shßll Ditector Mnnaging che fint

thal and met becn have Articlc this of ((1 Section of provisions

he altocations; begin to participants among suppon broad is there

-estab the after SOOn as BIIocation fitst thc for proposal a make shall

٤ is hc RS Depanment *Right Drawing SFcial thc of iishrrrnt

.satisfled

:proposals make shall Directot Managing The o)

(i)

(33)

(iii)

(iv)

basic each of end lhe before months six than later not

period;

allocation IO with taken been bas dedsion no if

-satis is he whenever .period bæic a for canceliation or

:met been havc 8bovc (b) of provisions the that fied

he .Article this Of 3 Section with in .hcn'*

or rate the change CO desirable be would it that considcn

tbe changc or cnncellation or ollocation of intervals

or period; bßic neW a seart Ot period basic a of length

.Gover of Board the by request a of months ixß within

Bo•rd; Executive the Ot DON

Director Managing the bbove (iv) or iii(i) (i) undcr it .that provided

.coøsis bc tO ßeonside he which no is thete that asccrtøins

brood $åh chat Aniclc this of 1 Scction of provi'ions the with tcnt

ghall he ,aboye (b) with æaccordan in patticipants among suppott

.oard. Exccutive the tO gnd Oovemors of Board the tO report

shall power voting totaJ the of majority percent eighty-åve An (d)

3 Seaion or (e) and (b) (a)2 Sec1ion unöer decisions tor requited be

a IO with 3 Section undcr dcci$ions for Anic}e this of

.llocation. of ra1CS the in decrear

j-/ e؟. .XtX Arc

R'ht3 Drøwing !SpecEa rrunsaclbrg øar .XDC

XIX ART'CLZ

Rfghts DO*ing SpedaJ ln Transadions gad 1iotB•Opcr

ri8hg drgwing tpecial of Vse ١. Section

•transac and opera)ions thc in ugd bc may rights drewing Special

.Agrcement $thi under or by authorized tions

participang between and Operati0N 2. Scction

rights drawing spccial ics use tO entitlcd be sha]i pattkipant A (a)

.desiB participanl a from CurrenCy )o amount cquivalent an obtain tO

,Article this Of 5 Section under gaied

عجى tnay .partidpenl another with agrecment in ,participant A (b)

AitrenCY qf atQOUnt equivalcnt an obtain tO rights drawing special its

.participant oihcr the from

voting IOtBl the )o majority percent seventy a by .Fund Tbe (c)

authorited $i participam • which in opctations prcscribe may POWCG

Bßd terms such on participant anothcr with agreement in eneage tO

conditioru atEl terms me .propriatc. deems Fund the conditions

.Draw SpcciaI the tunctioningot cffcctive the with consi5tent be sha!l

'right drawin8 spccial Of use propcr the and Department Rights jng

.greemcnt. this wlth aa;ordance in

•en that participant a tO representations makc may Fund nte (4)

in that abovc (e) or (b) undcr transaction or opetation any into tem

.deslg of pr#ess the CO prejudiciaE be møy Fund thc of judgment lhe

js Or ArticEe this of 5 Section (o principles the tO accotding nation

هاiم that participanL A .XXII •Articte with inconsistent otberwisc

-Ar IO subject be shall transactions or operetions such tnto entering nå

(b)2). Section ,XXIII t;cle

need of Requiremenj .3 Section

S& except .AnicIe this !0 (a)2) Section undcr transactions ln (a)

عد tO expected will participant a .below (c) in providcd

of balance it5 0f beceuse nccd a has it if D"IY rights dcawing special its

and ,.reSCtYCS its in $deve'opmenl or position rescrye itJ Ot payments

.escrvcs. its of composilion the changing of POIPOE SOie the for not

-chal tO subject bc not shall rights drawing special or USC The (b)

may Fund Lhc but .Bbove (a) in expectation the of basis the Ori 2enge

-expecta this fui6ll tO faits that participant a tO representations makc

expectation this fulfill tO fai(ing in persi5ts that participant A .ion.

(b)2. Seccion .XXilI Article tO subjeet be shan

يه S. ,XIX .n.

Rihts mwhe h .)XD

•lrans nyø io above (a) in expectation the waive may Fund nc (c)

an ob10in tD rights drawing uses partiäpanl a which ln ßac1i0

undcr designøted parücipant a fr•om cutrency of amount cquivalenl

the by rccon.stitulion promotc lhat At1icle this of 5 Secdon

reduce or Articie:prevent this of (a)6) Scction under pnrticipanl othec

a of effect tbe offset or participant; other thc of balance negativc a

.bove. (o) in expectation lhc fultill tO parliclpant other Ehe by failure

currency provide O{ Obligarion 4. Scction

this of 5 Section uodet Fund lhe by dcsignoted participant A n)

-partici a tO currcncy usable frcely a demand on proyide sholl Article

A .rtide. this of 2٥ Section under rights drawing speciaE wing pant

bcyond cxtcnd not shall øcurren provide tO 1'ob(igati0 participant's

its of exCCSS in tights drawiag spccial of ho!dings its which at point the

-atlæa cumolative net its twice IO cqual arc attocation cumul81ive neL

ond participant a becween agreed be may as limit highcr such Ot tion

,und. the

obligntory thc of ÆCXCC in currcncy &provi may participant A (b)

.imit. higher egrccd nny Qr limil

CtcrrenCy provide fO parricipants /o Dzignation 5. Section

ils use tO abte be w'll participam O thac ensure shall Fund Thc a)

CUrrenCY providc tO pacticipants designating by rights drowing special

of $puCPOSC the ror tights drawiog SFcial )o arnounts speeified or)

in made bc shahl Dcsignaüons .rticle. this or 4 and ()2 Sections

by suppåcmcnlcd principlcs geocral fohowing thc with accordance

:time tO iime from adopl may Fund thc aS principles 01her such

balancc its if designation td subjcct bc sbalt participant A (i)

suf6cicnOy is posi!ion reserve BfON and payments 0f

a lhal possibility thc prccludc nOI will lhis but ,scrOti8

.desig be wi(l positian re$erve strong ø wilh perticipant

-pay of balance moöerate a has it though eyen nated

50Ch in designatcd bc shall parficipants .deßcit meots

.distribu balanced a time OVer promote will Så maoner

therw among rights drawing special ot holdinp or tion

IO ordcr in designation tO subject be shali Panicipang (ii)

.Ani this of (ه(6 under rccocstitution promote

special of holdings in balances negative reduce CO cJet

fulfill tO fAiIures of effcct the offset tO Or ..ri8hts drawing

.rtic}e. this of (a)3) Sccfion in expcct•:ion the

) Sec. ,XIX ,d.

م O•aw#V pecälß h TfMS&C1ioez nsø

give shalJ normaily Fund ,panicipants designating ln (iii)

drawing (specia acquire tO need that lhose 10 priority

(ii) undcr desisnati0D of ob}ectives lhe meet tO rights

.bove.

-hold of disttR'ution balanced a time over promote IO order ln (b)

appty (shal Fund the .above (e((i) under rights drawing spccibl of ings

bc may as ruics such or F ScheduIc in designation f0T rulcs the

.below () under adoptcd

neW and time any at reviewed bc may dcsignation for rutes The (c)

lhe .adoptcd are rutes new Uniess .ecessary. if adopted be shaR rulcs

.ppty. tO continue shall review lhc ot tlme the at forcc in ru(es

Reconsti:ufion .6 Section

-reton shall ri&hts drawing special their uSC that Pardcipant5 (م)

-recon or) rules thc with nccordance in them of holdings their stilute

(b) undcr edopted bc may DS rules such or G Schcdule in stilution

.below

time 8nY at reviewed be may reconstitution fot rules nc (ط)

adopted are rulcs neW Onless .saty. if adoptcd be shajl rulcs neW

in rules ehe .reconstitution for rulcs abrogatc tO madc is dec#ion a or

pcrcent seventy A .pply. tO continue shetl review ot timc lhe at force

tO dccisions tor required bc shall powet yoting to)al the or majority

.cconstitutioa. or) rules thc abrogafe or .modify ,adopt

rates Exchange 7. Scc1ion

raCcs exchange the ,beFow (b) in providcd otberwise aS Except (٥)

of (ط) and n)2) Section uoder panicipants bctween ttangctions foc

rights using participants lhat such be shall ArticIe this

provided bc might currendes wbatever velue same the receive hall&

Fund the and .currcncics those provide participants whicheyer ndم

.incipJe. this tO effect give tO rcgulations ad0Pl lhall

yoting total lbe of majority FreejtL 6ve-eighty an by ,Fund ne (b)

$circumstance in whieh under policics adopt may .power

,power voting totol the Of majotity pettenl gycnty • by ,Fund thc

Section under transaclions into enlcring particlpants authorize mDY

.appli lhosc lhan other fgsÄ exchange on agree tO ArticIe lhis of ط)2)

.boye. (ه) undet• cable

-dc for procedurc the on participant a consult hall$ Fund The (e

.rrency. its or) exchange of rates termining

عله

. •

حسح

وه

وا

،ممومط Rätns لمامممو .كلا

inctudcs participant tgtm the provision chis of putposo the For (4)

.participanl terminaüng a

XX ABTCLE

Cherges aad lalered Department RightJ Dnwi.ng Speclnl

lnterest .i Sec1ion

D) Fund the by paid be shtll $holdet all rot rete same the at Jnterest

.ights. drawing special of holdinp its )o amount thc on holdet each

not or whether holder cach CO duc amount t.be pay sball Fund The

.ißterest. )0 paymcnt the meet iO receiyed are sufficiem

Charges 2. Section

the tO paid be shall participanis etl for rate satüC thc at oarges

•alloca cumul8tive nct its of amount the on participant cach by Fund

.partici the of balance negaliyc atiY plus rights draving special of iioa

.harges. unpaid or pant

chacet and interest of Rate .3 Section

percent gvcnty a by intercst of rate the dctermine shalJ Fund The

equaf be 8hD!l chargcs ot t8CC nc .wer. V01ing total the of majocity

.ineerest ot TBte thc tO

Assessments 4. Scction

.rcimburse that 2 Section ,!XV Articie under dccided is it When

purpog this tor assessmcntS levy shall Fund thc .made bc shall ment

cumulatiye nct their on $participant nll tor tatg samc che at

.llocadons.

and ,charges ,interest of Payment 5. Scctiou

drawing 5Fcial in paid bc shan asscssmenL5 and ,chetgcs tntercstl

any pay tO rights drawing spcciBl needs tbat participant A .ighls.

,thcm obtain tO entitled and obligated be shall asessment or charge

Fund thc wilh transection & in ,Fund tbe tO CUttenCY or)

•pe$ suficient )I .gcount. »Resourc General the through conductcd

patticipant the ,way thb in obtaincd bc cannot rights drawing cial

weble frccly ٩ with them obtein tO entided and obligated be shall

Special .pccify. shau Fu•nd the which participanl a from CLJffCOCY

payment or) date the atter panicipant a by acqu;red rights drawing

.cancelled and charges unpaid tز against applied be shail

XXI An

O9OIfTMt 6OR aM 'GMW8 O)L(

XXX ArncL8

DeparImet*t Genenl he) of Admiütr•tioa

Depa.rtR*nf R.ighit Dnwtng Speü.l tbe ndø

-De Rights Drawing Special the and Department Geocrat ne (a)

of provisions the with axordancc in administered be shall paÄmcnt

:provislons fonowing the tO ubject، .XII AnicIe

Govemors of Bomrd the by decisions or of meetings For (i)

Drawing Speciel the tD exclusivety pertaining matters on

and presencc Che Ot .by request5 only Department Rights

are that membets by aæntcd Gayemors ,of votes EÜ

cdling of putposc the for counted be shaiJ parliciponts

o٢ quorum a wbctber detemining and mectiny

.ajority. rcquircd the by made is decision a whethcr

•pcr matters on Board Exccutiye the by decisions For (ii)

(iii)

م،

ا «م يسيري ب هد ٠٠٠»

.De Rights Drawing Special the tO exdusiyely taining

elccted or oppointed Directors Executive only partment

be shatl partkipaot a is that mcmber one leost at by

shali Dircctors Executive hcsc% Of Each .Ote. tO cntitled

lhc tO ailottcd YOte8 or number the cast CO entitled be

iO or him oppointed hat' panicipant a is which member

countcd YOte3 whose participants reø that mcmbers thc

-Di Executive of presence the Only .lection. $hi %tøwarr

-patlici are that membcrs by clectcd or appointed 'rcctot

•partici a.rg that members tO allotled V0tcs the and panu

determining of pprpote the for counted be sha!l pants

made is decision a whether Ot exists quoru_m B whether

.provi this of purposcs thc For .ajority. requircd the by

by (i()ii)3 Section .XII Artide under agrccment on .sion

appointed an entitle shall participant a is that membcr a

VOtes of number lhe C8St and vote tO Dircctor Execu1ive

.embcr. lhe tO allottcd

-ia .Fund the Of administration gcncrnl of Questions

.2 Seaion .XVI Ar!icle under rcimbursement cluding

•De both tO pertains matter a whether question any and

Rights Drawing Speciai tbe IO exctusiyely Ot panments

-ex pertained they il as decidcd bc 5ball Depar1ment

-CC with Decisions .partment. 8l'Genet Lhc tO clusivvb

drawing speciai the Ot votuation of meLhod the tO SPCCt

drawing special {o hoEding and accepcance the ,right

General the 0f Account Resources GeneraI the nز rights

محيى

بح

XXtI ArL

م«P ا !Omra .لاب )

decisions other and .them of kße the and Depar1ment

conductcd tnnsaaions and operations ttr affeming

thc of Account Resources GeneraI thc both through

Rights Drawing Special the and Department General

for requircd majorities ttE by made be shall DcpartmenC

.De each t0 exclusivety penaining m8tten on ecisionsö

.Spe the tO perteining matter a on decisioa A .pattmcnt

.indicate. SO ghail DcpartmenI Rights Drawing cial

accorded are that immunities and privileges thc tO addition En b)

levicd be shall kind Bny of tax no Agrccmenti this of IX Article under

special in transactions or ßoperati0 on OX rights drawing special on

.ights. drawing

.Agree this of provisions the of inferpretation of question A (e)

Rights Dcawing Speciai the IO exclusivcly pertaining matters on ment

CO pursuanl Board Execu1ive the tO submilted be Departmcnt

case any ln .anicipant. a ot request lhe on on(y (XXIX)a Artide

of question a ßO decision a giycn has Board Execulive the whcre

Rights Drawing SpeciaJ the tO exclusively pertnining interpretatiøn

-r question the that sequire may partlcipant a only Department

Board The .(XlX)b. Arüclc under Govcmors of Board the tO fcrrcd

•mem a by ppointedø Governor a whctbcr decide chaB Govcrnors of

Committce the in voie IO entilled be 8hall paniclpont a not is that bcr

Spcciat lhe IO exdusivcly pertaining qucstiuns on Interprct8tion on

.partment. Rights Drawing

•par ٩ and Fund thc bevæecn ariscs disagreement a Whenever (d)

Drawing Specia1 the in participation ils terminatcd has that ticipant

duting participaot any end Fund lhe between or Depanmcnt Rights

-rC with Department Rights Drawing Spccial the of liquidation tbe

.Spe the in participation from exclusively arising matter any tO speet

.submit be hali$ dÄagreemcnt the ,DcparLment Rights Dnwing cial

-Ani in proccdures the with accordance in arbitration tO ted

(XIXc)). cle

XXII A•rrtcLE

Partidpants or Obllga1ions Geaergl

•dr•w spccial to rcvect with assumed obligations the tO addition ln

participant each ,Agreement this of Bt1icbes othcr under righ!s ing

participants other with ond Fund lhe wilh collaboro!c IO undertakcs

Dnwing SpcciBl the of funcfioning effective lhe facilitate tO ordet in

)

l..

2-١ Ec X) .At1

h Trmsact.lOn ld* etarms$

in rights drawing special of uSC prOßC the and Dcpanment Rigbts

the making of objective 1Cü with and Agreement lhis with aecordancc

intemationel the in aset rescrve principal thc right drawing spe6aI

.ystcm.

X.XJII ßART1CL

ln Transx1ions and Oper.'loas or Swpengion

REghts Drawlng Speciul

ptovi*iarg Emergency .I Sectiat1

un)orcseen or dcvclopment thc or emergency an 0f evcnt the ln

tO respect with Fund the of accivjtles the threatcning circumstances

an by ,Boatd Exccutiyc he) .DeparImcnt Rigbts Drawing Specibl the

suspcnd may .power votiog totBl thc or majority percent cighcy-five

thc or any of operecion the year one than more nM of period a or)

drawing spccial in transactions and opcrations 10 teletlng provisions

(4) ndø (e) (b/ Section ,XXVII ArticJe of provjsions the and ,rights

.appiy then shall

obligations fcdfiti tO Failure 2. Scction

-obliga its fU16ll tO failed has pucticipanL a tbat finds Fund the If (م)

ععي tO pmicipant the of right the ,4 Section ,XIX Acticte undct tions

•other Fund thc unlcss susFnded be h8II$ rights dtawing special its

.deödes wise

other any fuifitl tO failzd has parlicipent B that finds Fund thc if (b)

-BS m.bY Fund the ,rights dnwing spccial tO reoect with obligation

-8C it ri8hts drawing special uSC tO participnnt the of right the pcnd

.spension. thc B)tgr quires

ز action before lhat ensure tO adoptcd be sholl Regu%etions (e)

partjcipant the ,above (b OE (a) under panicipant any against

given and it against cotnplaint the of immediately infotmcd be shall

.wtit in Bnd otally b0ih .case its stBting iot opponunity adequate n B

-relat complninl a of informed thus $i participant the Wheneyer .ing.

lhe pcnding rightb drawing spccial use not 6hnlI it .above a) to ing

.mplaint. the ot disposition

in currency proyidc tO ob{igation parciclpant's a Bffect not shall above

4. Section .XIX Aniclc with accordance

يعى

ها

2- 5. ,XXIY Ar1

of T»mhMtm Q.

'O (a) under terrninetc time any at may Fund ne (ج)

under participanl a on imposed suspension • that provided .ebove (b)

,XIX Article under obligations the fu!fill 10 8ilute) for above (ط)

days eighty hundred OOC until tcrmjnated be not shall a)) Segtion

panicipant thc which during quartet cakcndar :firs tbe endot the aftet

.nstitution. for rules the with complies

sball rights drøwing special its use tO participaot a of right ne م)

Fund's lhe WC tO ineligiMe become bas it because suspended be DOt

or .i Section .VI ArticIe ,5 S"ion .V Arüde under resources general

app(y not shaJl 2 Section ,XXVI Artick a)2). Section ,XXVI Article

respect with obligations any rulfiIJ CO railed has panicipant a because

,i&hts. drawing special tO

XXIV ARTICLR

PurtkSpa*Eon (o Terndnatloa

participation tetminare IO Righf 3. Senion

Spccial thc in participation its lcrmin•te may participant Any a)

in notioe a transmitting by time any at Departmecu Rights Drawing

become shall Termination .ffice. principal its Ot Fund the IO writins

.ceivcd. is notice lhc date the OD effectivc

Fund che in membenhip from withdnws that perticipant A (b)

participation iIS teminated simultancously hayc ta decrrrd bc shall

.Dcpartment Rights Drawiog Spccial the in

rmination، O't Sefdemem 2. Seetion

Special the in panicipation its terminntes perticipant م When (a)

the by transactions and opcrations 811 .Department Rights Drawing

as excepq ccase shall rights drawing speciai in participant terminating

bclow (c) tO putsuant made agrecment an uoder pemitted

S,and6,3 Sectiom in provided as or setllemenl a facilitate IO order in

tO eccrued that charges and tnterest H. ScheduIe in or Anicle this of

b01 date chat before levied asgssments and termination Of date the

.ights. drawing spccial in paid bc shall paid not

drawing sxcial aEI tedeem tO obligalcd bc shali Fund ne (b)

-pat cerminaüng thc and ,panicipant tcrrrtinating lhc by hcld rights

its tQ cquaE amount an the IO pay tO obligated be shall ßticipar

duc be may that amounts othcr any end atlocagion cumulative net

Dt•awing !Specia the in participation its ot becaose payable and

لإز ٧5e/ ٨٣٤

of Tr•m&*Ihn N)

each against oft- SCt be shell obligations nese .partment.

-terminat thc by beld righB dreving spedal of amount the and other

tO obligation its exLinguish tO sctoK lhc in used iL that participant ing

shall fuod the

-agree by despatch reasonable with made be shall settlcment A (e)

respect with Fund che and parlicipenl cerminating the between mcnt

che fter. Fuad the or parlicipant termizating the 0f obligation any 10

reached not gcttlcmcnt a gn agteement )I .boye. (b) iT1 seto]f

.pply. shall H Schedute of provfsions the prompdy

charges akd t! .3 Section

any OO interest pay shalt Fund the terrnination of date the AQer

tcrminating a by heEd rights drowing special of balance out5tanding

any on charses pay shalt participant tcrminaling thc and p•rticipant

•pre rates and cimes the at Fund Lhe tO owed obligatien outManding

drawing special in made be shan Paymcct1 •. Articte under scribed

special oblain tO entitlcd bc shbll participaot terminating A .tights

-asess or iargcså pay tO CUtrenq usabk freely ö with rights dtawing

by DT Fund lhe by specihed participant B with transaction a in menB

dtawing special of dispose tO or .holder other any rrom agreement

-desig panlcipant any with transaction a in interest as reæived rights

otbct any ith•* agrecmcnt by or S Section ,XIX AtticIc nated

.oldcr.

Fund ehe fO obligation of Seatement 4. Section

5hall paflicipant terminating 8 trom Fund the by received Curteney

•panici by hetd righqs drawing special redeem tO Fund the by used be

-hold participanl's cach which by amount the tO proporiion in pants

nt BlIocetioa cumulative net iLS cxceed rights dr•wing spevial oE ings

right5 drawing Special .Fund the by reccivcd is currency the time the

terminating a by obtained rights dtawing special end redeemed tO

-in any rnee't tO Agreement thi3 of provisions lhc undcr panicipant

Scbedu1e under Ot settlement OO agreemenc an under due gtatlment

.cancetled be shall instDllmcnt that agaimt off EI and H

panicipant erminaling؛ a •tO obtigation of Setttement S. Section

*right dnwing special rcdcem tO requited is Fund the Whenevec

with rnade be shall redemption ,panicipant terminating a by beld

-par Tbese .und. the by spccified participants by ptovided CUtTeOCY

in principles the with accordancc in spccified *t shall ticipants

its at provide shan participant specified Each 5. Section .XIX cle

س.

å . .XXIV Ar1

RlQM3Yeprta•m Spoeai th3 OI knخiبع .مبلا

usable frecly e OT panicipanL tcrninating thc of cutrency the option

-spe Ot amounL cquivalent an rcccive shall and Fund the tO currency

its uSC may participant terminating B .Hewcycr .ights. drawing cial

usable freely a .curretwy OWR iu obtain tO righls drawing spcgial

.rmits. SO Fund Lhe (i .ho(der any from asset otber any OJ ,curren-CY

$.jranmcriort Accogng Resourc•es Generai 6. Section

lbe .participant tcrminaling a with setttement facililate tO order in

:shall parddpent teminating ٩ tbat may Fund

setoft the aftcr it by beld righes drowing spccial any use (i)

•re be O) 8rC they when .ArticIe this 0f (b)2 Section in

conducLed Fund the with transactlon h in ,deemed

i)s obtain tO Accoun1 Resoutccs Gcneta1 the through

of opdon the at currcngy usable rreely 8 or curency OWn

or Fund; the

the with transaction a in rights drawing speci8I obtain (ii)

Ace General the through conductéd Fund

any meet tO Fund tbe tO acceptabk curtency a for count

the or agrezment an urxler due instaltment or charges

H. Schedule )o $provision

XXV ARnCLZ

Deputment Rithts Drawing spedd the ot Uqu}dBtloa

•bqui be may Departmcnt Rights Drawing 5pecia1 ne (a)

•emer an ln .OVCTO-OB. of Board the or dcckion by except dated

tbe of liquidalion that decidcs Board Execu1ive the it .gency

temporarily may it .necessary be may Department RighB Drøwing

-traasac and opcr81igns a!l and canccllations Of suspcnd

-Gov of Board thc by decision pcnding rights drawing spccial lionsin

Fund the liquidatc to Govctnon of Board the by deci5iqn A .mors.

thc and Department !Oenera lhc both liquidate tO decision a bc sh8i1

.pMment. Rights Dnwing SpeciaI

Spccial the liquidate tO decides Govcmom oe Board the If (b)

atl and canccllations or allocations BLi .Deparu•nenI Rights Drawing

-ac the and rights drawing special in transacLiorw and operations

-Dc Rights Drawing SpeciDl the IO tcspcct with Fund the of tivilies

discharge orderly the tO incidcntol tho:e except cease shall partmeot

to rcspcct with Fund the of and 'participnnt of obligations the ot

-parLici of and Fuod lhc of obligations BII and .rights drawing special

rigbts drawing spccial tO respect wilh Agreement this under pantS

بم

لا

2•1 »S .XXVI rt.

MM%ersNp rmm W*hd-mw•j Q.

-Arti ,XX Artictc ,Ar1ie!e thi8 iD oul SCt thosc except cease sh8ll

any OC ,H Schedulc and ,(XX1X)c Ar1iclc .XX*V Anicte ()XI)) clc

ot 4 paragraph IO subject XXIV AnIcIc under reached agrcement

I. Schedu1e and He Schedulc

,tkpartment Rights Drawing Spcciel thc of liquidation tJpn (c)

•as and liquidation ot date thc tO ocaued that chargeg and intctest

special in paid bc shall paid nøt but date that berore levied gessmentS

speciai ail rcdeem tO obtigated bc shell Fund Thc .rights drawing

-obli bc shall particlpant each ndø .ßho!dc by held rights dcawing

.alloca cumulative net its O' cqual ernount an Fund the pay tO gatcd

due be may aS arnounls other such and $right drawing spccial ot lion

Drawing Speci8l the in participation iw of *becal payab}e and

ßRigh

shall Department Rights Dnwlng Special thc of Liquidation (d)

.l Schcdulc of provisions lhe wilh accordancc in administered bc

XXVI ÆArnct

Membet•ship from Wi1bdr•w•.J

withdraw ro members of Right 1. Seccion

•trana by time any at Fund lhe from wilhdraw may member Any

.Witt1 .ffice. principal its at Fund the tO wriüng in notice B mitting

.ived. is natice such date the on effectiye bccome shall drawat

wilkdrawal Compubory .2 Section

this under obligetions الأ )o }an tulfill to fails mcmber a If (e)

lhe u.se to inctigible member the declare mey Fund the ,Agteement

be sh8II Secüon this in Nothing .und. the of resourccS general

.VJ Articlc 5ot Seetion ,V Article of provisions the limit tO deemcd

.1 Sec1ion

-de a roilowing period teasonable a of expiration the aftcr ,]t b)

its in mcmber the abovet (a) under incligibility ot claration

Fuod ihe Agreements this under obligations its of nny fulfill tO famsre

suspend ,powet voling total lhc of majority perceM scvcnty a by .may

,suspension thc of period lhe DurIng .member lhe or rights voting the

scventy a by .may Fund lhe .pply. shall L Schedule of provisions the.

suspension the termjoate .POWCt YD'ing total the of majoriLy percent

.ime. any ac

.deci a fotlowing period reasonable a of cxpirgtion thc aftcr .lf (e)

fAilure its in persists member ehe .above (b) vnder R5pensicn of sion

با

,XXW ٨٣٤

.XXVU ArL

member that .Agreement this under obliBBtions its of aoy fulfill tO

a by Fund the in membersbip from withdraw tO requircd be may

the of maiority a by carried Goycrnors of Board the of decision

.power voting lotal lhe of percent eighly-five having Governors

is action before that ensure IO adopted bc shalt Regulatioos (d)

member the .abowe (c) Or (b) (a) under n*tnber any against takcn

and il against complaint the of time reasonable in infomed be shaiJ

in and orally both .C8S•e $it stating tor opponunity adequate an giveo

.riting.

withdrawjng memberr with accouns of Sflflement 3. Section

and operations normai ,FuDd lhe trom withdraws member B When

of settiernent and cea.E shall curæncy its iD Fund the ot lransactiorw

with made be shalJ Fund thc and it bctweeo account3 all

not is ogrecment )l u:•fl. the and it between agreement by despatch

the tO apply 8hall J Scheduic of provislons the ,promptly reacbed

.aocm2QtS or gettiemem

XXV2l ARTICLX

ProvSions Enw•gency

swpemsion Temporary 1. Seetion

•unforc of dcyelopment the Ot emcrgcncy n• of evcnt the ln (a)

•Exccu thc .Fund lhe of activities the threatening circumstaoces 5ecn

voting total thc of majority petcent eighty.five an by ,Board tive

the year one than more DOt ot Friod a foc suspcod may POWeG

:provisions following the of any of operation

(e) end (i)(٥)8) ,7 .3 .2 Scctions .V Ar1iclc (i)

2; Section ,VI Articlc (ii)

1; Section ,XI Article (iii)

.5 pamgraph ,C ScheduEe (iv)

aboye (4) under provBion a ot opcntion tbc of suspcrwion A b)

.Gover of Board the by year bcyondone extcndcd bc not may

voting toteJ the of majority cighty-five an by .which nora

more not of period additional an for suspcnsion a extcnd may .powcr

•circum unforeseen OT emergency ;he lhat finds il if yeors two lhan

,exist tO continue aboye (a) in tO rererred Stanees

voting total qbe )o majogity B by +may Board Exccutive ne (e)

.ime. any at suspension such terminøte .power

S. X. .Ad

XXVtn .AH

ÜW•••Æ••t.r .ll.

matter subjcct the O{ respect with rules adopt may Fund ne (4)

.uspended. is opetation ßi wbich in Friod the during provision a of

Fund h، of iquida:ion' 2. Section

*tt of decision by except liquidaeed bc not may Fund The o)

.de Boatd ecutive& thc it .emergency 8n ln .overnors. of Board

.tem may it .essary. be may Fund thc 0f liquidation lhat cides

by decisioa pending ,transactions and operations ail suspend potarily

.ovcmors. of Board he'

lhe .Fund the iiquidate tO decides Governots )o Board lhc If (b)

those except activiti< any in engage tO Cease orlhwith) shali Fund

and a-ßels its of liquidation nd• eo31ection ordedy tbe O) incidéntal

undcr membets 0f obligations all and ,iiabilities its )o se»lemenl the

.Ar in .Articlc this in out S•et thße cxcept CCag shall Agreemenl tbis

.K Schedule in and ,7 paragnph ,J Schcdu}c in .(XXiX)c ticle

the wilh accordancc in administered be shali quidationü (e)

-R Scheduk of provisions

X_XVIII AR"CLE

Amendmeots

.!gteemen. this in modifications introduce tO pmposal Any (a)

Exeeuliye thc or ,Governor م ,member a trom cmanating whether

-Gov of Board the of chaiman thc CO communicated bc shall ,Board

.Goyernors Of Board the beforc proposal the bring shall who emors

,Goyernors of Board the by approved is amendmenc proposed the If

mcmbzn oll 8Sk .telegram or 5C1ter circuJar by .shali Fund the

of $three-fitth When .mendmenl. proposed tbe ecccpt lhey wbether

.power voting totBl lhe of percent eighty-five haying .members thc

the certify shall Fund the ,amendment lhe occepted have

.members ali tO addresed communication formal a by fact

-re i3 members all by .above (a) Notwiths1aoding (0)

nodifying amendrnent any of C8se the in quired

-Sec ,XXVI Article) Fund thc from withdraw tO right the I)

1) tion

shail quota mcmber's a in change no that provisian lhe (ii)

(4)2. Section .III ArticSe) COttsent its without made bc

and

ها

XXfX AFI

arم the in mode be mey chaoge no thet proviSon thc (iii)

of proposal the OO exrpt CUrreOCY memtxr's a of value

(6. paragraph .C Schedute) mcmber thal

lhree members all for into enter shall Amendments ()

shoner م gnless ammuniøtion formal Che )o d8te thc aftcr months

,tetegtam or letter circular the in apccificd b perlod

ARTtCLZ

lnterprel•tha

•Ayee this of provisions the of intespretation of question Any (م)

Bny betwccn or Fund the aad member any between arising ment

or) Board Executiye the tO submitted be )shnl Fund lhe af memben

•en not member A.ny affects 1lnrtyÄparti que:tion the ]f .decision it.s

-rcprc tO entitled be shall it .Director Executive en appoinl iO titled

،)3. Secüon ,XII Article wilh accordance in scntation

decision a giyen has Boatd ecutive& the where Case ny.8 ln (b)

from months three wilhin ,rcquire may any .above a) under

of Boatd the tO referrcd be question the that .decision the of date the

to referred qucstion Any .fiml be shall decision whoge Gover00ß1

.ln on Committcc a by corsidered be shall Governors of Board the

membcr Committcc Eoch .Govemors of Board the )o terpretalion

•mcm thc cstablish shalJ Govcrnors of Board te.%e. one haw shall

.dcci A .Commi1tee lbe of majorities voting and ,procedura ,bership

-Gover of Board the of decision the be shau Commi1tee the or lion

pcrcent eighty.fivc an by ,Governors of Bonrd the untess OOtS

the Pending .therwise. ecidesö .power voting totaE the of majority

SO ,may Fund tbe Governon or Board the tO refercnce the ot retult

the of decision the of basis lhe OQ gct .neCß."ry deems it ES tar

.oard. Executivc

a and Fund the bctween arises disagrecment ü Whenever (c)

membcr any and Fund thc bctwcen or .withdrawn has whicb mcmbcr

subruittcd be shall disagreement such .Fund lhc 0f liquidation during

thc by appointed one .arbitrotors three 0f tribonal a by ar6itratiD0 ta

•um an and ,member withdrowing Or member the by anotber ,Fund

by appointed be shaEI ,agree olherwise parti< the un}ess .who pire

other sueh Ot Justjcc of Court lntemational the of President the

the by adopted regulation by prescribed been have may OS authority

of questions all settle IO full have shall umpire ne .und.

wich disagrcemeru in are parties the where Case any in procedure

.hereto. respect

د.

ب An

T»rrg {O مر

XXX ARTTCLE

Tema ot Erphnøtbo

its and Fund the Agreement thLs of provisiom the inlerpteling ln

:proyisions fotlowing the by guided be shali membcrs

Geaeral the in currency member•s a of ho}dinxs 8'Fund ne a)

Fund the by accepted securities 8ny include shall Accoum Resources

.4 Section .JII ArticIe under

which by Fund the Of cBion& e mCJDS arrangcmcnt Stand-by (0)

the trom pwchases make tO able be will it that assuted is membcr «

-deci the 0f terms the with accordancc in Resoutces Cenent

.tnOLjn1. spccifed a tO up end period specified a during sion

of member a by purchasc a meanS purchese tmocåe Rcserve (e)

•ex in member another of currency the or rights drawing specjal

holdino Fund's tbe muse not docs which its ror change

•eX tO Aæount Resources General the ln member•g the ot

the definition tbis of the for that providcd ,quota its cced

.under holdings and purthascs exclude mny Fund

-C0fi1FnSa fo; rßonrcea general itc of t.lSC lhe on policies i)

auctuations; cxport of financing tOty

wnncction in resources general its ot usc the on policies (ii)

intemacional tO contributions of fin.ncing the with

and products; primary Of stocks buffer

•te in resources general itJ of use the on policies othec (iii{

•per eighty.fiye an by .decides Fund the which of spcct

exclLEion an that .power voting totol the of majority ccnt

.ade. be shau

are whieb payments means transactions cunent for Payxn.cn1s d)

without ,irwludes and ,capital transterring of pu.rpog the for not

:limitation

(3)

(2)

(3)

(ه)

other .trade foreign with connection in due payment5 all

-short normaJ and .serviccs including .business currcnt

fecilities; credit end banking tem

income net DS and loans On interest OS due paymentS

:investments 01her from

hans of amortizatidn tor atnount moderate of payments

and investments; direct ot dcprcciati0D for Ot

.expengs liying family tor rcmittances moderotc

وا

2-/ ec$ ,XXXI .Aa

جي Fhd .MI

.de ,concemed members tbe wöth consuhation a)ter .may Fund The

considered be tO reø transac:ions pecilic$ rtainæ whether termine

.ransaaions. capital or transtctions curtent

the means rights drawing spceial of allocaffon cvmutative Net (e

less participant a tO allocatcd ri8hts dnwing special of amount total

-Ar under concelled béen have that rights drawing gpecial or are± its

ه)2). Secüon .XVIII tidc

the that Wtrency mcmber's a rncans currcncy usablc freely A (r)

tor payments make tO used widcly .fect in ,is (i) determines Fund

principal the in traded widely ls (li) and .trønsaclions internationat

,markcts excbenge

bc shall 1975 ,31 August on members were lhat ßMcmbc (ى)

that after membenhip accepled that mcmbet å includc tO deemed

odoptcd Qoyernors of Board thc 0f resolution a tO pucsuant date

.Bte. lhut bcforc

O55Ct5 monetary )o exchanges means Fund thc of Transactions (h)

meDN5 Fund the OpcrRtionsqr .SSC)S. monetary other for Fund the by

.und. the by 8SSCtS monetary of receipt8 or VSC3 otbcr

-SPC or exchangcs means righLs drawing spccial in Tranuctions )

special in Operztions .aset.S monctary othet fot rights drawing cial

.ights. drawing !spccia )o uses other means riBhts drawing

XXXI Arnct,e

جممهProv fin•l

foce 1f0'i Enrry 1. Scction

on signcd been has it when force inlo cntcr shall Agrccmcnt This'

the of total the ot peccent sixty-five haying govemments )o behatf

tO referred insttuments thc when and A Schedule in forth set quot8S

.bcha(t thcir on depositcd been have ArticIe this of a)2) Scction in

,I May bcfore force int0 CTItCr AgrecmcnI this shall event no in but

.945.

Signa:ure L Section

sigt*d is Agrcemcnt lhis behalf whosc on govemment Each (م)

Arncria of Statcs United lhc of Govemment he! with depsil 5hai1

in Agreement this accepted has it Lhal forlh sctting iMtrument an

it enable tO necegary steps all takcn has and law ics with ecordaneeø

.greement. lhis under obligations its {o otl out CartY tO

بم

لا

؟ ,XXXf A.

8ويP Fha[

the from as Fund the 0f member a become shall "count Each (b)

(م) in tO referred instrumcnt the of behajf ils an deposit the ot daLe

tbis bcfore member a become shalJ country no that except ,above

.nicie. this Df l Section under force into enters Agreemcnt

inrorm shalt Ametica ot Siates Vnitcd the of Govemment ne (م)

-Sched in fonh get are names whose countries atl of govemmcnts the

$i mcmbership whose countries all of govemments thc and ,A ule

of ignatures$ all of .2 Section ,EI Article with accordance in approved

(a) in tO reterrcd instruments alE of deposit the of and Agrccmcnt this

.boye.

-Vج each its OR signed is Agreement this timc thc At (4)

ot Sl8tes Unitgd thc of Govetnment the tO transmit shall emment

in subsctiption total iw of petvcnt one one-hundredthof one America

.adminiflra mceting of putposc the ror dol(an States Unitcd or go}d

of States United the )O Govcrnrncnt rne .und. the of expenses tive

shall and account depsit special a in funds such hold sh•ll America

initial the when Fund tbc of Governors ot aoard the tO lhcm transmit

force into comc not has Agrcemcn1 this If .lled. bccn has mecling

)o Statcs Unitcd lhe of Government the ,1945 ,3L Dcccmbcr by

transmiued lhat governmcntS the IO funds 5uch retusa (!sha Amcsica

.lhcm

Wasbing1on at signaturc for open remain üsha Agreemen1 This )

؛ atC namcs whose countries the of governments thc of bchalt on

.X5. .31 Dcoember until A Schedu!c in forth

"o" open be shan Agtecmcnt this ,945( .31 December AEler ))

•mem whose country any or governmcnt the ot behaif on ignatute$

2. Section .l. Anicle with accordance in approyed been has bcrship

it governments an ,Agreement this of signatvre their By ى))

OYCßCbS ,colonies their all Df respect in and bchatf OWn thcit on both

-au OK .suzcrainty .protection tbcir under tcrritorics liß .territocies

a exercise they which of ees*Ct in tctritorics all and ,thority

.andate.

each tO regard with fctce into come shall above (d) Subsec:ion (M)

.ignalure. its of date thc from aS govemment signatoty

text lhe otlowcd) bciow teptodv»•d ehuse depßitary aad signtIüTe The{

Asreernenll ot Ariick5 original he) in XX AtIicie )O

depositcd remain shaJl which CCPY single a in .WBshington at Done

.merica. ot States Vnited the Oi Govemment the )o archiyes lhe in

names whose goyetnmentS alJ tO ßcopi ccrtified cnnsmit shall whicb

-member whcse govemments all tO and A SchcduIc in ronh set are

.2 Section .II Artide witb accordancc ia apptoved is ship

با

A Sc•hed

مA

SC"EDULE

كامهQ

(dollars ßStat tJnited of millions ln)

......ustnlia.

Belgium

BoliYia

Brazil

«ههم

Chile

Chiaa

Colombi8

Rica Costa

وا

Czechos1ovakia

enrnarke.

Repub!ic Dominican

Ecuadot

Egypt

SaBvador EI

EthiopiB

France

Greece

Guacema'a

Haiti

Honduras

lcetand

200 ...

IO ..

150 .

3m ..

50 ...

550 ..

50 ....

l2S ..

S .

S ..

45 .

2S ....

45O .

5 .

2S ....

lndia

... LibcriB

Luxembourg

Mexico

NeIherIands

aland& New

Nicomgua

Panama

Paraguay

Pcru

Commonwealth Philipine

Patand

Africa South Df Union

Sxiatbt Soviet of Union

Republies

Kingdom United

States Unitcd

رح نل

Venezue(a

Yugoslavia

25 ..

8 .

. .

i0 .

Z7S ..

()5 ..

S ..

كه ..

15 .

125 .

IOO .

1200

t3OO .

2750 ..

15 ..

60 ..

.Gcvetn Danlsb tler. by defermitE6 h«li' Oerm.rk "o وWM The*

و! wترi: bcfore but Aycemcns sign tO ree6ness *i{ 'bO

.phce

SCHEDU&.zB

of P•ymeni ,Repurchase tO Respect wilh ProüEoas onal}Trxst1

Mat1erg OpcrttEooal Cenaln dه ,GoId ,0U}1#Subscr Addidon.E

-Ar1i tO pgruant acctucd have tbat obligations Repuchasc 1.

this of amendment sccond the or date the beforc (b)7) Section ,V ck

معزه be sbatl date that gt undischarged remain that and Agreement

htd obligations cbe which at dates OK date the than later not charged

Agreement ihis ot provisions the with ewordance in discbarged be tO

.cndrmnt. second the bcfore

-obli any rights deowing specigl with shalt member A 2.

lhot subscription a as or cem.irchax in Fund lhe tO gold pay tO gation

•Agree lhis of amendmcnt sccond tbe Of dBte lhe at oußtanding is

made be may payment5 these that prescribe may Fund che bul .ment

by specißcd mcmbers ather of currencies the in part in or whole in

rnust that obligaion an discharge 5hall non.participant A .Fund the

the with provision this tO pursuant tights drawing peeial$ in paid be

.und. the by speclficd members other ot currencics

be shall go!d fine of gram 671 888.D above 2 of purpogs the For 3.

currency Of amount the and .righl drawing special one tO equivalem

the on and basis that on detcn•nined be shall above 2 under payable

right drawing special the ot terms in CUnency lhe ot yalue the of basis

.ischarge. of date the at

seventy-ave of eICCSS in Fund éth by held CUrrenCY member'E A 4.

arnendment second lhc of date Lhc at quota the Qt perænt

sha1J aboye I undcr tcpurchase t0 subjcct not tnd Agreement tha of

:rules following thc with accordancc in repucchased be

-re be sball purchase ø from rcsulted that Holdinp (i)

the of use the on policy Lhe with accordancx in putchased

WBS purchase the which under generai Fund's

.de«.

fout tban lafev not rcputchased be shall holdings Other (ii)

this of amendment second the ot datc the aner yeat3

.Agreemcnt

,8bove 2 tO sub#cl not reø Eh6t 1 under Repurchases 5.

under curreacics ot speciåeation any and ,above 4 under $repurch8E

(6)7) Seccion .V Artictc with accordance in be shall above 2

حيساى.

خضP *&tr•røh B.

in decisions and .mtes .regulations and ru}CS Ali .6

shall Agreemeat tbis or amendtncnt second the of datc thG at effect

.provi the wilh aecordanec in chaoged ate lhey until ctfcct in remain

.Agreement this of sions

and (a) tD effect in equivalent Brangernc11lS that extent the To .7

second the 0t date the befote comp}eted been not have below b)

shell Fund he) ,Agreement this ot amendmem

.Au on it by held gold fine ounoesat millioo 25 tO up seli a)

on mcmbets were that membert those tO 1975 ,3i gust

thcic to proportion in .it buy tO agtee that and date Eha1

this under member a tO sa2e ne .aLe. that on quotas

-cur its for exchange in made bc shall (a) sub.paragraph

one tO sale Of time the at equivalent pricc a at ndø rency

and ,gotd fine of gram (08867 per right drawing special

-Au on it by hcld gold finc of ounces million 25 CO up gell (b)

that mcmbers developing of benefit the for 1975 31e gust

the th8t .however .peovided datee that on mcmben WCtC

.COCte that gou the of ntue surplus or pcofits any of part

on quota mcmber's a such of proporcion the tO sponds

members ali of quotas lhe Of l0taI the tD 1975 .31 August

sucb eoch tO directly lnnsferred be shall datc that on

Scc1ion .V Ardc2e under requirements The .mber.

-mcm a obtain ,member a Fund lhe lhBt (e)12

for CUrrenCY member's • exchange or ,conctxrrence ber's

circumstances cenain in members other currenciesot the

Fund the by received tocurtency respect wilh apply (!sha

othet ,provi$ion Lhis undcr gold or saies of tesutl a bS

,cutreocy OWTI its for return in member a tO sa!es than

.Aecount Resources Gcneral the in placcd and

the )0 amounl an .7 pangraph this undcr ldج ot salc the Upon

tO )o time the at equivalent receiyed currencics tbc in proceeds

be shail gold flne of gnm 671 0.888 PCt right drawing ooe

by held asetS other and Account Resources Gencral ttE in placed

hcld bc shali above b) tO pursuant arrangemenb under Fund the

remain that Assets .und. the of CSOLJCCC5 general tbe rom{ separetely

anangemcnts or termination upon Fund the by disposition tO subject

.Disburse Special the tO transferred be shDli above (b) tO punuant

ment

S»åed

Vahzs "P .

SCHSOUt.ZC

Valae.J par

be may values pat tbat mcmbers aotify shall Fund The 1.

with in ,Agreemcnt chis of purposes the fot lished

the of lerms in ,Schcdule this and end .4 ,1.3 Sections .IV Anick

denominatør common other such ot term.S in or .right drowing special

be nol shall denominator common ne .und. the by prcscribed is 8S

.urrency. a or gold

CUrrenCy its tor valuc PBT a establish IO inteods that member A .2

arter time reasonable a within Fund thc tO value par a proposc shall

.bove. l undcr givcn is notice

its ror vatuc pat a estabhsh tO intend not does that membet Any 3.

that en_sure and Fund the with consull shell abovc 1 under currency

the of purposes the vilh consistent are arrangements exchange $it

,IV Artk•ie undcr obligations its fuifill tO adequate are and Fund

I. Section

ynlue par proposed a IO object or in CODCOT shall Fund Tie 4.

proposcd A .roposai. the of rcceipt aftcr period reasonab}e a within

if Agreement lhis of the for e)fect take not shail value pat

.bovc. 3 tO subject be shail member the and .iL tO objcct3 Fund thc

political or social domestic the of bccausc object not sball Fund lhe

.luc. par hc' ptopo$ing the•member of policies

tO undertakes CurrenCY ils for yalue PEK a has that member Eaeh 5.

ordcr in Agreemenl 1hi3 with consistent measures appropriate epply

•ex SPOt for rates minimum the and maximum the that ensute tO

•CUt its between territories its within place taking tnnsactions chenge

values par maintaining mcmbcts othcr of currcncics the and rency

Ot tcent* onc.hatf and four than more by parity from ditrer not (shat

-eighty an by adopt may Fund the as margins Ot margin othet sucb by

.et. voting total thc of majority percent fiye

iu or value par lhe in changc a propose not shall membet A 6.

.fuodamcn b ,of emergence the prevent )O ..COtrect tO except currcncy

of proposal the on only madc be may change A .isequiiibtium. tal

.und. thc with consu!taüon after only and member the

objeet or in concut shall Fund the ,proposed is change a Whcn 7.

of receipt after pcriod reason.blc B vithin valuc par proposcd the tO

is change the that satisfied is it if coocur shall Fund The the

Sehed

$*Vdi ..

rundamentaE a ,of emetgeoce the prevent or ,correct tO nece8Wry

domestic the ot because object not shali Fund Tbe .isequiijbrium.

A .ange. the proposing mcmber the of po!icies po!lticat or sociøl

of purposes thc for effcct take not shall value par in changc psoposcd

par the changes member • If .it tO $object Fund the if Agreement this

trember the Fundt the of objection the despfie currency its of vaJue

•unre an of Maintenance .2 Scctian .XXVI Artic1e tO subject be shall

.und. the by discouraged be shall member a by va'ue par alislic

this under esubhshcd currency a )o valuc pat ne 8.

if Agreement this of purpOSCS the far exist tO ceae shall Agrccment

par lhe tctminate IO intends it lhat Fund the informs member the

a by yaiue par a Of termination the tQ obicct may Fund ne .nlue.

VOfiD8 LotaI the of majority pettcnt eighty.five an by taken decision

dcspite •CUCTCD its for value par a tcrrninates member a tf .t.

•Arti IO subject be sh•ll the .Fund the of objeciion thc

Agrecmcn1 this undet established value par A 2. Section .XXVI c!e

member the if Agreement this )o purposes tbe for exist IO Cf8SC sbau

thc if or .Fund the of objection the despite vatue par the terminates

substantiDl A or) raee maintaio not does membcr Lhe that finds Fund

•pro ,abovc 5. with accordanee in transactions exchange of volume

•COII has it unless fiodi0B such make not may Fund the that vided

-inten Fund's the or notiee days si*ty it giycn aod membcr lhe su!ted

.finding a make tO whether considec tO lion

exist tO eeased has member a ot CUrrenq lhe oi vtlue par thc If 9.

ensure and Fund the wilh consuEt sball member the ,above 8 undet

ot purposes lhe wilh consistcnt are arrangements. exchange its that

V/ Anic}c under obligations its fufil tO adequate are and Fun-d he'

.L ion»%

exisl tO ceascd has velue par lhe currenCy whosc for member A 0.

اi for value par new ptopose•a ,time any at .may abovc 8 undcr

•ma perccnt seventy a by ,Fund thc .Dbove 6 Notwith3tanding .ll

proportionale unitorm make may ,power voting totnt thc of jority

common the $i right drawing spccial thc if valuct par DII in changes

special lhe ot value thc aftcct not wilt langeså the and dcnomioator

,hqwcver .shali currency mcmbcr's a ot' valuc par ne .ight. drawing

the a)ter deys SCV•en within ,if provision tbls under changed be not

thc wish not does it that Fund Lhc ßintort ttxmbcr the .action 8'Fund

.acüon such by changed bc tO currency its ot valuc per

(٥)

جن 0.

D SCHEDUL8

لهمه)

and Director ccutiyeü ao appoinls that member Each

votes of number the has thal ßmembe of group gach

Director Executivc elected on by C&St thcm tO alloucd

be ghan who ,Councillor one Counci1 the tO appoint shall

rø ,member a of govcrnmcnt the in Minister ,Govcmor a

more DOt appoinl m•y and ,rank comparable 0f pcrson

may Govemors {o Boacd The .zociates. seven than

total the of malority percent eighty.five an by .change

be may who Asociates of number the .POWer voting

8 umiJ SC"C shall Associatc 'O Counci1lor A .ppoinled.

.elec regular next the üunt or made is appointment nCW

hall؛ whichever ,Directors Executiye of tion

-SOOner

.Ahemates their absencc theif in or ,Directors ecutiveü

the of meetings auend tO entiüed be AssociatesshaEt and

restricted « hold IO decides Council the un(es .Council

that members of group eoch znd membcr Each .ssion.

who Altemate an appoint shalt uncillor& O $appoint

wben Council the of meeting a Dttend tO entitled be shall

tO powet }ful have shall and ,present not is Councilt0t the

.uocillot. lhe ror act

•adap ndø manøgement fhe superyise shall Council nc a)

(ف)

(ه)

(ط)

.—'

iocluding .SFtem monetary internationai the of tation

and P?XCSS JdjustmenL thc of operation continuing the

connection this in ond ,iquidity( global in developmeots

•re real :o transfer the in deyelopments review halj،

.untries. developing tO sources

-Ani tO pursuant proposals consider sh•lt (Coun6 lhe

.greement. of Ar:icles the amend 10 (XXVlIl)o cle

Council the t0 delegotc may Governocs 0f Board

.Gover ot Board Lhe of %powet any cxcrcir tO authority

-Agree this by direo}y conferred pwers thc except ßnO

.oyernors. Of Board the on ment

of number the cast LO entitled be han$ Councillor Each

•mem the 51o Section ,XII AnicIe under allotted votcs

Councillor A .him appointing members at group or ber

scpantcly C&I may membcrs or group a by appointed

حير

(e)

الصميم .D.

lhe If .oup. the in member each tO allotted Y0tes tbe

by cast eannot membet a tO allotted votes of number

-rronge• make may member the ,Director Executive an

votes ot numbcr the casting for Councillor a with mentS

.ember. the tO allottcd

powen tO pursuant aetion any take not shail Council The

incomistcnt is that Governors of oardß the by delegatcd

the and Governors Boardof the by laken oction any with

tO punuant action any take aoc shall Board Executivc

-in is that *Govemot )0 Board the by delegated %powet

0f Board the either by taYen gction a.ny with consistent

.ncil. ihe or Oovernors

(4)

(ه)

(لى)

adopt shall ,cbairman $O Councillor a sekct shali üCounc The 4.

-func its perform LO appropriate Ot nee$$ary be may aS regulations

Counci1 The $it of aspect 8ny determlne shall and .$lion

OT Couocil the 'h for providcd be may $A mcetings åsuc hoid shalt

.oard. Executive the by called

S.w.

of •. E.

lbeir ,Couneiilors tO apply 5he1l 8 Seaion ,IX Aniclg

person 0lhcr 8ny tO and .Associates and ,A3temates

.uncil. lhe of meeting a anend tO tit!ed

asreemcnt en .above A)3) and (b) ot PUQO%S the For

8 by Ot mcmbect O by (3i()ii) Section ,Xti Article under

tO Counciiior a entitte shall .participant 8 is that membcr

the tO gllotted votes of number he) and VOte

.mbcr.

•num lhc cast tO entided is Director Execudve aa When

-Arti tO pucuartt member a tO a1l01ted YOICS )o bcr

the by appointed Councillor the ,(i()v)3 Section ,XIJ c!e

Director Ezecutiye such elected mcmbcrs whose gtOUP

votes or nombcr the ca.St and VOte to• entitled be ghall

deemed be shatj membet The .member such tO all0lted

-Coun the !o appointment the in participalcd haye tO

-anot Y0tes of numbcr thz casi and VOte LO entiUcd cillor

,member tbe tO ted

(٥)

(b)

(e)

of thO5C tO corrcsponding powers have shall Council n'e

•Ar :provisions fothwing lhe under Board Executiye the

,XVIII Artic}e (ز) and (ى) ) .(c)2 Seclion %XL licle

,XXliI ArticJe (c()iv(4) Scction and o)4) Section

I)a. Section ,XXVII ArticJc and I; cction$

•CX pcttaining mattetS on Council the by decisions For

onty Depanment Right5 Draving thc tO clusivcty

p.nicipant a is that member a by appointed Councillors

a is whlch or member one ieast at wmbenø of gmup B gr

thcsc or Each .OtC. LO cntided be shåll participant

.allot votes of numbct thc cast tO entitJed be shall cillors

appointed that participant B is which member thc tO ted

gtoup the in participant5 ate thßt members the tO or him

VOtes lhe cast may and ,him appointed thae membet3 of

haye atrangementS which with panicipant 8 tO alioued

.bove. (b)3 of gntene iast the tO puruant made been

ptocedure a establish regulation by may CounciI c%

thc of VOte a obtain m.øy Boord Executivc the whcreby

of meeting a witbout question spccifie a on CouncilIor

Executive the of judgment the in when Councii the

wbigh Council the by taken bc must oction an Board

the of meeting next the until be not should

•spe a of calling tbe warrant not oesÖ and Councii

.meeting cial

دلا

deemed be shail (a)2 Section .XII Article af sentencc first e% 6.

.(Counci the LO rerereoce a inUude tO

E SatEDULE

D}rectors Executive or Etecfion

by be shall Ditectors Executive elective the of eiection T11e I.

.vgte tO eligible 'Oovernot the of batlot

of eech ,elected be tO Directors Executive lhe for b•ltoting ln Z

Ehe 0f all one ror cast shall VOte tO ctigible Govemors lhe

The (54. Section .Xli Artic2e undcr entitlcd is be which tO Y0tes

-Execu be !shat Y0tes of number veatest the receivjng persons fifteen

four than less receiyed who petSOh no that provided ,Dircctors tive

(votes eligible) cast be can that votes of number t0ta1 tbe of

.elected corsidered bc shall

gcond ø ,balEot fitst the ia elected not are pcrsons Mteen When 3.

Governors those (a) only VOtC (shai hete) which in held bc }lhal ballot

those (b) and ,elected not pcnon a for balloL first the in votzd wbg

undcr deemcd are etected per•on a tor YOtes whose Governoa

nine above pcnon that for cast VOteJ the rai#d bavc tO bebow

ceodidates more are there baElot ond، the in If .otes. eligible the 0f

Son!€p the ,elected be tO Directorg Executive 0f number lhe than

حيساى.

sh8ll ball0l nnt the in votes of number lowest the received wbo

,iection. for inetigibte

be CO are Oovernor a by StÄ VOteS the wbelher dctermining ln .4

of percent nine above pen•on any of tOt8J the r.iEd have tO deemed

,first ,include IO dccrned be 'shal pcrccnl oine lhe votes eliyMe the

for yotcs of number largest the casling Govemor the of $YOte the

lergest next the casling Govemor tbe of VOtes the then .pcmn such

.eached. is percent nine until on and ,number

öt ordet in counted be must ÄVOt whose )o part Govemor Any .5

as eonsidered be shall percent fout above any of total tbe raise

such for votes total thc if eyen peßOD such tor VOtC3 his of aEI casting

.pereent nine exceed thereby penon

.elected been not have penons fifteen ,ballot condæ the lt.after 6.

-PCr fiftccn until principEes me•$ the On held be shall ba!lots futther

erc persons fourtecn aflcr that providcd ,cteeted bccn have SOns

the of majority simple a by clectcd be may fi)tccnlh lhe .ekctcd

such all by elected been have tO deemed be shall and votes remaining

لإ

SCMEDULEP

Design•tIon

as be shall des{gnation tor rutes tbe petiod basic 6rsz thc During

.XIX AtIicIe under designation IO subiect Panicipants (a)

BS amountS such for designated sh•ll (ز)(o(5) Section

-par the Of ratios the in cquality limc over promote win

of eXCeSS in ciehtb drawing !specia of holdings •icipants.

hoJdings official tbeir tO cumulative net their

.exchange toreign and gold of

Lhat such bc shall Dboye a) tO eftect givc to foxmuta nc (b)

:designaled be shall designalion tO subject particlpanu

and gold of hokiings o)ficial their tO proponion in (i)

(a) in described ntios the when exchange foreign

and quak ate above

differencc the reduce CO gradually mannet such in (i)

are that above (a) in dcscribcd ntios the between

.igh. are that tatios the and low

خلا

Scyenut.e

Rec0MtItution

be shail teconstitution for ruies the pcriod first the During 1.

:fo{}ows aS

(a)

(i)

(ii)

(iii)

(50)

"و٠».

holdingsof its reconstitute and use SO shall panicipant A

l•: ht%t thc aftcr years five .that rights drawing speciai

-thereaf quarter utendar eaeh of end the at and ioettion

.draw special daily total 'it af vcragcø the .ter

be will riodß five-year reccnt rnost the rights ing

net daily its of aycragt the of perænt thirty thøn less not

the OVCt rights drawing spcial of allocation cumulatiye

.riod. Same

each 0f end ihe tم and aDocation first thc aftcr YCarS Two

.calcula make shall Fund the there•ftcr month calendør

and wbether asctrtain tO ns SO participant eaeh for dons

acquirc tO need would participant the eatent what IO

.nlcula the Of date the between rights drawing special

-com CO oröer in fiyc-ycar ony of cnd the and tion

shail Fund The .bove. a(i) in requirement the with ply

which on bascs the tO respect with ßregulatio adopt

ttE 10 respect with and m•de be shall ihcse

-üAr under participants 0f designalion lhc of timing

-com tO them assisl tO ordcr in (a()ii)5 Section ,XIX cle

,ibove (a(i) in requircrnent the with ply

when participant 8 tO noticc special givc shall

is it that indieate 8bove (a()ii) under calculations the

with comply tO bleß be will participant the that unlikely

USC tO it unless aboye (a()i) in requirement the

vhich for petiod the of tC3t thc ror right3 drawing special

.abovc (a()ii) undcr made was calcuTation the

drawing special acquire tO needs that panicipant A

-en and obligated bc shall ob!ieation this fulfill tO rights

the tO acceptablg currency for ,them obtain tO lilted

through cooåuaed Fund the with lransxtion in•a .Fund

speciaJ sufficient If .Aceount Resources Cencral the

-ob be cannoa obligation this tulfill tO rights drawing

and obiigated be 8hall panicipant the ,WBY this in taincd

currency usable treeiy a with them obtain to entltled

.pecify. shall Fund the which participant a trom

gf '4ttW±•:Ter ا

desirability tbe tO regard due pay ako (sh8I Panicipants (b)

beLween re!ationship balanced a time puruing of

otber thcir rights dmwing 4>eciel of hoidings their

fot rules æ•tt with comply tO fails participant a )K .2

justify citcumstances he) not or whether etermincö shB1I Fund the

(0)2) Section .XXIII ArtiOe gnder nspen$ion

H عصع

PartiGp8tlon oc Terrninatloa

XXIVt Article under sctoft the atter remaining oNieation the tf ١

-gt on agrecment and pafllcipaat terminøting the to is (b)2 Section

not is panicipant terminating lhe and Fund the bctween tlement

shall Fuod the ,terminotion of date tbe or months six within retchcd

half•ycady equal in righ1S drawing apccial of balancc redecm

.termirxa of date lhe of years five Qf maximum O within instailments

cither ,etemincå may it as ba}ance this redecm shail Fund nie .ion.

the of perticipant terminating the tO paymcnt the by (o)

accordance in Fund lhe tO panicipants remaining the by provided

terminating the pcrmitting by (b or ,5 Section ,XXIV ArIic!e with

OWn its obtain tO rights drawing special its use tO participant

.Fund thc by specified panicipant a from CgrrC.nCY usable freew ٩ OC

.older. othet any OT .Account Resources General thc

.XXIV Atticle under seI0ff the after remnining obligation thc tt 2.

not is se)ttemenl on ogreement and Fund the tO 'i )2 Sec1ion

terminating the ,tetmination oi dale the ot $moneh six within teachcd

•install hatf-ycarly equal in obligation this dischargc shall partic;pant

طu witbin or temination of datc the of yean thrcc within ments

.partici tcrminating Thc .und. lhe by fixed be may as period longer

.ei .etermine. may Fgnd the ٠x .obligation lhis discharge shali pant

Ot .utTCDCY. usable freely D of Fund the tO payment the by a) ther

-Arti with in .rights drawing spedat obtaining by (b)

in Ot Account Rcsources GeneraI the from ,6 Section .XIV. cle

other any from Fundor the by specifcd participant a wilh egreemem

.in the against rights drawing special tbcse of ktoff lhe and .holdet

.due stallment

months duc fatt shBIl above 2 Ot 1 ehfier un&r tßstaltments.3

.hereafter. months six of intervals at and termination of datc the after

BOiD8 Deparement Right5 Dnwing (Specia the of evenl the ln 4.

a date tiE of mombs si1 within XXV Anicle under liquidgtion into

لر

ثمة مم al هذا

the betvecn settlement the ,participalion its terminates participant

.Arti with in mede be shall govemment that and Fund

I. Schedu(e and XXV cie

٢ SCHEDULE

ihe or Uqaid•'lon of AdmtnMr•tEon

Dep•rtment RighL.t Dr8Ring 1.Spcci

-De Rlghts Drawing Speciat the of liquidation ot event lhe ln .l

in Fund lhe tO obligations their di*harge hnll$ panicipants ,pai•tment

may Fund the as Friod ionger uchå in Qt ,imtallments hal)-ycarly iCO

of currencies the and cutrency usable frcely a in ,needed $i ecide$

eny in redeemed be tO rights dtawing apecial holding patddpants

tbe by detetmined S& ,reÖemption such or extent the tO instatlrncne

artgr months six made be shall payment half-yearly first ne .und.

.partmcnt. RightJ Drawing SpedbI the liquidate tO. the

lhe of momhs six wilhin Fund the liquidatc O) dccided is it if 2.

•Depart Rights Drawing Spccial the tiquidate tO decision the of d8te

sh81I Depanment DrawingRights Spcciei thc gf liquidation the ,ment

.Re !Genera thc in held rights drawing (spccia until procecd OQt

.ollow) the wich accordance diatributedin been have iOurCCS

:tule ing

,K Schedule or (b) ond (a)2 under maåe distr{butions the After•

the in held rights dmwing special its pportionø shail Fund tbe

-particl are that members all anWrL8 AccounB Resources Generai

after parlicipant each 10 due amounts thc tO prvportion in panl5

tO due amount the determine To (b)2). under distribution thc

or remainder chc apponioning of purposc the tor member each

Fund leü ,K Schedu!e or (d)2 unöer euaency e•d of høldiny its

—un mode rights drawing (specia of distribu:ion the deduct shell

.Éru this der

•re shalt Fund the .above under received mountsø the With.3

mannet fonowing he' in holders by hetd tights drawing special deem

:0fder aad

haye that govemments by held rights dtawing SpeciaI o)

-be months six then more participation their 18tedåterm

-liqui tO •decide Govemors 0f Board the daEe the fore

be shali DcpartmenL Rights Drowing SpeciaI the date

•wee gny of terms the with accordance in redeemed

H. Schedule Ot XXLV ArticEe under ment

حسح

ها

Seåedl

Sp•ecH lhe of .I

•pat not are that hoJden by held rights drawing !Specia (b)

-partici by beld those before redeemed be mllå *licipant

che tO ptoportioo in redeemed be thall and pentse

.holder each by hetd amount

spcclai of proportion ihe determine gball Fund Tbe 6)

its tO relation in participant each by beld *right drawing

reaeem first !ghal Fund T1e .ilocation. cumoletive aet

the with 'panicipant the from *righl drtwing gpecial

tO $i ptoportioo this until proportion highcst

hall' Fund u•w propotlion; highest second tbe of that

these by heEd rights drawing speciBl lhe redeem then

-al cumulatiye net lheir with accordance in panicipants

the of that KO reduced ate moportions lhe until locatiom

•coatin bc shail proccss thi6 praporlion;and highest tbisd

ا redcmption tor avaitab!e Bmount the until ved

.ezhausted

in teceive IO enUtted be will partiöpaot e that amount Any 4.

be IO BtOOUO1 any agalxt otr set be shalJ abovc 3 undcr xedcmptton

.bove. 1 under paid

of amognt kbc on intetest pay shall Fund the liquidation Duting 5.

pay shall partiäpant each tnd ,holden by hetd rights drawing (specia

IO right.s drawing special of allocation gumulative net the on charges

.boye. l wilh æacco»dan in made payments any of amount the less it

be shaJl payrwnt of time the and chørges and interesa ot ratC5 Tbc

be shall chargcs and intercst of Payments .und. the by dctcrmincd

puticipant A .iblc. cxtent thc tO rights dravins special in made

any meet tO rights drewing spccial sufficieat hold not does ghat

lhe by specified cuetency a wilh !paymen the make shaJI charges

necdcd amounu in charges a3 received right5 awingå SFCiai .utid.

ot paymcnt lhc for uscd bc sh8II edministrative for

redeemed be 3ball ond Fgnd the tO tmns)erred be hali' but interestl

.eXPCnSC3 its meet tO Fund the by used '.cunencie lhe with and fittt

payment any tO resped with default ia is participant D WhiSe 6.

accordange in it tO bc shall amountS no ,5above or l by required

.above 5 Ot 3 witb

each tO madc been heye paymcnls 6nal the after If 7.

lhe in rights drawing special hold not does default in not participant

participants thmc .al}ocalion armulative aet its to proportion ume

boEding Ehosc from purchasc sball ptoportion Lower • boEding

arrangements with eccordance in mouals.& such proporlion higher

)0 holdiny their Of proportion the make !wil 3& Fund the by made

WRMTB*V e•l• nt

pay shDEl defuult in pørticipant Each .me. the rights drawing special

.fault. iIS tO equat amount an in eurrcnc•y its Fgnd thc tO

-partici amOng claims tesidual and cutrcncy this apportion sh81l Fund

by held righls drawing special of amouat be) tO psoportion in 'P"t

Fund lme .ncclled. be shall rights dnwlng S*cial these aod each

Dcpartmcnt Rights Drawing Special the Of bookg the uose lhen hall.

speclal of allocations the rom) arising liabilities Fund1s tbe 0f BtI and

Rights Drawing Spccial lhc of administr"iao thc and rights drawing

.ease. shall Depattmen1

.partiei other tO distnbuted is eurrcncy whose partidpant Each 8.

such of use unrestricted thc guanntees ScheduEe this under pants

of paymcnts for Ot goods )o purchase the for tlmes all at currency

SO participant Each .erritories. iLs in persons tO DT il tO due ßsul

•result Eos.s nyø for *participant other compensate 10 8grees obligatcd

-dis Fund the which at yaluc thc bctwccn diffctcncc thc frorn ing

by rcalizcd valuc ihe and Schedule thls under currcncy i1S tributed

.urrency. its oi disposal on participants such

J HEDULZ%

Witbdnwing 'Membet wltb Accouats ot SetiIement

.Re Genera1 the tO rcspect with accounts OE sctllcment Thc .l

.Schcdule this of 6 10 1 tO according made be shall Account SOurceS

an withdrawing member 8 tO pay tO obligoted be xhaJI Fund ne

the from it tO due amOUntS other any plus .quota its IO equal amount

aecruing charges including .Fund the tO due amounts any less ,Fupd

until møde be ghali payment no but :withdrowal its {o date the aftcr

in made be shøll Payrnents .ithdrawal. of date the 6fter months six

lhc putVßC this or) and ,member wilhdrawing the of CUCTCDCY lhe

lhe of æholdin Accognt Resources General the tO ttanstet may Fund

the in or Account Disbursemcnl SFcial lhe in cumengy mcmber's

the of amount eqvivateat an for exchange ir; Account Lnycstment

e■ Account Resources General the in rt*rnbers other or eurrencies.

,OnCUnenge. thcir with Fund thc by lectcd

•mcm withdrawing the of currency lhe of holdiny Fund's the lt 2.

the ,Fund the from due amount ncl the pay tO sufficient OOI are ber

other such in Of ,JtcencyÄ usable frccty B in paid bc shall balaocc

mcmber withdrawing thc and Fund the )i .grced. be mey 8S manner

,withdrawal !o d8te the of months six within ogrcement teech not do

tO forthwitb paid be shall Fund the by held qucstion in currcncy the

•hglf tcn in P8id be shall due balance Any .mbcr. withdrawfng the

ميحى

نا

Me with ماسة و SA+a•tM't J.

-install such Eech .years five cnsuing the during instalEments yeariy

of CUrrettCY the in either ,Fund thc of option tbc at .paid be shall ment

frecly 8 in or withdrawal its after aquired withdrawing the

.rrency. usable

-acmrd in due is which ingattment any mecC tO faüs Fund rhe If 3.

sball mcmber withdrewing the .parngraphs preceding the with

currency any in installment lhe POY tO Fund lhc rcquire tO entitled be

been has which currency any ot exception the with Fund the by he*d

3. Section VIlt Articlc undet snrce declared

tYEtnber wiihdrawing a of currency the of holdings Fund's the Jf 4.

of method tbe on agreement f{ and ,it tO due amount tbe exceed

)o date the of monlhs six within reeched nol is settling

such redccm LO obhg•ted be shDll member rormet Che ,withdrawal

be shaJI Redcmp1ion .teency. usable trccly a iQ CUrreOCY eXCeg

the at currcncies such scll woutd Fund the wbich at nlcs the al made

s.hall member withdrawing ne .und. lhe from withdrawal of time

or withdrawaL of date the of yean five within tedempüon complete

not shaSl but .Fund lhg by fixed be møy as period longer such within

ooe-tenth than more period harr.yeady tny in rcdeem to required

withdrawal of date the at itscurrency of holdings exæe Fmd's the of

halt-yearly such during currency the of acquisilions funher pJus

the .ligalion± lhis fu(filt not does membcr withdnwing lhe )l .riod.

amount the market any in liquid8te mønoer orderly au iD may Fund

.cdecmcd. bccn have should which 'CurrenCY of

which member a of currcncy the obtain tO desiting member Any 5.

tbe fO ,Fund the from purchesc by iL acquire shall withdrawn has

the of resources general the IO CCCSS& has mcmber such lhat extent

.bove. 4 undcr avoilable is CV5Tcncy such that and Fund

all aL uSe untestricted the guatantees member withdrawing ne 6.

-pur the for above 5 ndø 4 under of dispo$d currency the of times

within Fßons tO Or it tO due surtB of paymcnt tot or af chase

from resulting i0S5 any tor Fund thc sbatl lt .erritories. its

-spe the )a in cuttCQCY its of value the between difference lhe

in realized vølue the end wilhdrawal of date thc On right drawing cial

under }disposa on Fund thc by right draving speäaJ the of terms

.boye. 5 and

resuit the aS Fund tbe tO $indcbtc is member withdrawing the )l 3.

-Ac Disburscmenc (Specia lhe through conductcd ttansactions of

be shaJl indebtednesa the (ij(/)12 Sec1ion .V Article under count

.iodebcedness thc of terms the with accordance in dischArged

ed.K.

the in currcncy member's withdrawing the ±hol Fuad tbc If 8.

the ,Account lnyestment lhe in or AccouM Disburgment SpeciaJ

thc tor market any in exchange manner orderly an in may Fund

-withdraw tbe or CurTCnCY lhe of amount the membets of currencics

and .Bbove i under LS•e aftet account cach in remaining member ing

be shall each in omount lhe of exchange lhe of proceeds the

6 of sentence first the and above Paragraph .count. that in kepl

.urrency. member's wilhdrawing the tO apply shail above

the in member withdrawing the ot obligations holds Fund tEg If 9.

,(h)l2 Section ,V Anicte tO pursuanl Account Disbursement SExcial

datc the untii them hold ouy Fund the .Account lnycsqment thc in OC

apply 5hali above 8 Paragraph .oncr. them of dispose Or maturity of

,disinyestmcnt such )o lhe tO

.Arti under liquid01i0D inta going Fund the of event the ln .O.

the which on date the of months six within 2 Sec1ion .XXVII cte

that and Fund thc between acCOuntS tbe ,witbdraws mcmbcr

2 Section ,XXVII Articlc wilh accordonce in sett}ed be shall meDC

.K Schedule and

K عمةSc

L'quidatlon Of AdmInbIraiion

than other Fund the Of liabilitics lhe liquidation or event the l.ln

distribution the in ptiority haye shafl subscriptions of rcpaymcnt the

shau Fund the liabilicy sucb each meeting Ln .und. the of assetS the of

:order following the in assetS its LJSe

payablc; is iiability the which in the (a)

gold; (أ)

•PtaC be may 8S ar) SO .peoporlioa in curtencies other all (e)

.embets. hc{ 0f quOfaS the tO ,ticable

l with accordance in liabilities Fund•s the or discharge thc A)ter 2.

•pø and distributed bc shall gssets Fund's éth of batanee the ,ebove

:roitows as pottioned

-Au on held gold of value the calculate shatl Fund lhe* (i) (a)

che of date the on hold tO continucs il that 1975 ,31 gust

in made be (shal calculation The ,iquidate. tO dccision

OOC )0 basis thc on aiso and below 9 wiLh acordanr

oa gold fine ot gram 671 0.888 per right drawing spciai

يسى

)

را

اساهنا ه

{0 eXCCSS the tO equivaEeat Gobd .iquidation. of date lhe

tO distributed be 5haII latter thc OVer v.lue former the

in IY75 .3t August memberson were th81 members hose)

.ate. that ßO quotas their to proportion

Spccial the in hcld asels any distribute hall$ Fund The (ii)

IO decision the of datc the on Account Disbursement

-Au on members Wtre that membets th%e t0 iiquidate

.te•. that on &quot their tO proponion in l97S ,31

fO proportionately distributed be shafl aget of type Eocb

.ben.

among gold of holdings remsining iu distribute sba[ Fund lbe' (b)

in Fund Che by he}d ATC curtencics whose memben thc

in not but the in quotas their than Ees amounts

Fund's thc excecd quotAS their which by amountS the ,0f e.XCCSS

.currenaes their ot ho}dings

Fundis thc one.half rnember each tO distributc shail Fund The (e)

erceed not shatl disttibulion such bm CUtTCflCY its of hoMinp

.uota. its of fifty

امج 0f holdings وit of remainder the apponion FUndshaIl lhe (4)

Wrrency each and

.of exceSS in not bøt .IO in members all atmng (i)

diflributions the afier mcmber each tQ due amountS tbe

•un distribution thal provided ,above (6) and b) undet

-dctcr for into laken bc not shall above (e)2 der

and .due amounts the mioing

thc all amOng CUrrerwy and goid of holdings exceg any (ii)

.uot8S. lheir tO proportion in members

•appor currcncy its of holdings the redcem shell membcr Each 3.

the with agree shall and .above (d)2 under members othet to tioncd

-or an upon liquidate IO dccision b afler months three within Fund

.demption. such for procedure derly

wilhin Fund the with agreement reachcd not has membcr a If 4.

lhe uSC shail Fund thc 3 in tO referred FriOd three-month lhc

(4)2 under member that tO apporlioncd members othcr currencicsof

other IO member that of eurcncy the redeem tD abovc

not has which member a tO apportioned cuaency Each cmbem.

its redeem tQ ,possibk far SO .used be shau agrccmcnt teached

وdلولا او

agteementS made have which the tO opportioned currency

.bove. 3 under Fund lhe with

•aecvrd in Fund tbe with agreement rcached has member a If 5.

•mem other of currencies the uSC shall Fund thc ,aboye 3 with atiCe

the rcöecm tO abovt (d)2 undet membet thDt tO bers

baye members oQwt tO apporüoned that ot C-utTency

SO amount Eaet .bove. 3 under Fund ehe with ayeementS made

which IO member lhe of .cgrren the in redeemed be shall redeemed

.pponioned. ÜW it

the .paragraphs preceding the in steps the out carrying Atter 6.

its or) held currencies temaining lhe member each EO pay shall Fund

.account

other tO distributed bcen has currcncy wbose member Each .7

CUtTenCY the ln CU.ITCZCY Eh% redeem Jhali above 6 under mcmbcrs

as mennet othcr such in or ,redemption reqtrsting member tbe of

•other not do invotved members the If .them between agreed be may

-redemp complete shall tedeem tO obligated member the ,egree wise

be not shall but .distribution ot date lhc or yeeN nve within tioa

of one-tenth thtn more period half.yearly any in redeem tO required

does member the If .mbcr. oü•ær each tO distributcd amount the

baye shouJd which Dt amount the ,obiigation this fulfill aol

any in tannerü orderty n• in liquidated be møy redeemed been

.arket.

other iO distributed bcen has curreacy whosc mcmbcr Each.

•CUI sugh of use unrestricted the guarantea above 6 under members

gums of payment for or BOOds 0f purchase he: ror limes all at "reQ

edاموناطo SO membet Each tcrritorics its in persons 10 or it IO due

the from resulting loss any for membem othet compensate tO agrees

special the of ßtertT in curreocy its ot value he) betwccn differencc

and Fund the liquidate tO decision the of date the on righf drawing

•mcm such by rcalizcd right dr.wing speciel the ot 1Ct•ms in yalue he{

.rrenq. it3 ot disposal on bers

Schedu1e this under gold of value the dctermine ihalt Fund T11e .9

.artct. thc in priccs of basis chc Dn

CO deemcd be shall quotas .Schedule this of purposes the For 0.

been baye coutd they which to excenl fu!l lhe tO increaæd been h•ve

this Df (b)2 Sec1ion ,ILI Artkie with accordance in inctcascd

.greement.

RO q•:#V0 af 1&6wpens —t

SCREOUL.EL

Rights Vo)ing ot Suspenslon

.Arti under a of $right vocing of suspcnsion a of case the ln

.app!y shaIE provisions ol}owing) the b)2) Seaion .XXVI de

:not shalt member e% 1.

)o amendmcnt proposcd 8 of adoptioa che io parliclpate (a)

of number totBl tbe in countcd bc or ,Aereement this

an of thc in except ,purpose that for members

undcr membcrs alE by acceptance tequiring amendment

•Spe lhe tO exclusivcly pertaining or (XXVlII)b Article

:Department Rights Drgwing cial

gr a}Q0int Goyernort Alternate or Governor a amint (b)

.AEtcr or Councillor a of appointment the in panicipate

lhe in parlicipate or ,elect ,appoint or ,Councillor nate

,ireccor. Executiye an cf election

jn C.ast be not shall membcr the tO Dll0lted VOtes of ne 2.

-calcula the in included bc not shall ncy .und. the of organ any

-accep thc ot purposes for cxcept .POWCC voting total the of tian

lhc tO cxctusiycty pertaining amendmcnt ptoposed a of tance

.epartmenl. Rights Drawing Special

tbe oppointedby Governof AIIemate and Gavemor ne o)

æffi. hold tO cease shall membet

by appointed Councillor Alternate and Councillor e% (b)

has member the appointment whose in or .member the

if thstr provided ,o)fice hold tO cease shAll ,participoled

votes of number the C8S1 tO cutitlcd WBS CounciE(or such

not have ri8hts voting whose members other tO anotlcd

Altemate and Councillor another ,susvxnded been

members olher such by appointed shail CounciIior

lhe ,appointment such pending .and ,D SchcduIe under

IO continue shall Councillor Ahcmate and CounciIIor

the from days lhirty of maximum a fot but ,otnee hold

LBpensions. ot date

the by clccted OT appointed Director Executivc ne (e)

.panici has member lhe e(ection whse in Or ,member

Executive such unlcss .officc bo(d 10 ccasc shall .pated

8l1otted votes of number thc casl tO en1iLlcd W8S Director

right5 V01ing whcse mcmbets othcr IO

:COSe latter the in .uspended.

عر

been not have

_»

REghts VOtkO S'smrsBn

-reg next the before remein days nincty than more it (i)

-Execu another ,Directors Executive of election ular

Of remainder the for clccted bc shall Director tive

lhe of majority a by mcmbcrs other such by term the

-Di Executive thc ,election such pending cast; votes

•max 8 for but ,office ho!d tO continue shall reClOr

susFnsion; of date the from days thirty )o imum

next the before rcmain days nincly than more nO1 if (ii)

-Execu the ,Dircc1ors Executivc 0f etection regular

thc ror office hgld tO continue shaJI Direcl0r tive

,erm. the of remainder

bttend tO representative a send 10 entitled bc shall membcr nc

the OK .Council thc ,Govcmors of Board the ot meeling any

,committees tbeit of meeting any not but Boardt Executive

tbe .affecting parlicularly malter a or .by made request a when

.considcration uadet is mcmber

"سا

INDEX

لأ

INDEX

lnvestment Aæour1L; Resmtrcu GencraI glso Jee)

Di*burgment Speci*I

(م)7) S. ,XII .Jt. .nnuab. .sotements Audited

.Arl .ntrod. .)o Nzu.te

J .ed. 3; •. ,XXVi .Art ,mcmbets witbdrawing with Sctnement

(٥)2 .D,par .d. (b) 1) .C. XVIIII .Art.•. ,Sec IVe .Att .proee:s Adjustmcnt

i ,V .AEI .Fund viih dealing membccs oi Agcncics

Dircaors Execu1iye Govemot*'Counci1Eors; of Board .•Allern8tes

:Amcadments

(&)Jli. .Art ca.sclt certain in IIÄ by

necegitne whieh organizations inlcmalionai 01hcr pitb

X .rt. .mendmeats.

ط)2 .Bf. DI .d. .Coundl by ptopsab or ConsidcrNion

(XXVtti)c .rl. intQ Entcy

(XXVtIt)a .n.

)0 date at effecc in decbiotw snd procedurcs .r•tes ,regul•tions and RuJes

6 .ar. .B .hed. .changed unLiI rcmaio iO amendment gcond

ما .Sched .meodment• proxzcd )o dopliqdø in p.rticipatioo OI Suspeosion

i .r.

(b) .(XXVIIl)a .An ot) requircd POWCC Voüng

Rcporu ee$ Repon; Annu.l

:Arbitration

of withdrawal upon or Ftnd of liquidntion during rising. DLsayecmcnL

(XXIX)e .rt. ,emberß

Drawing Speei81 ;n parlicipatiqn of tetmination from ari±(g Disagreement

.Departmeat thM Of liquidaüon during Ot Department Rights

(XXl)d .rt.

S .C. .IX .rt. .izmunity ,Fund :o Ar±iyes

the of %1'Amendtnet 0$oI ±$) Agrcement or Articl'i

:(Agrcement

(ي) (b) (4)2 Scc .MXI .Art (■(5. Sec ,IV .A't .Acceptance

signalures of Stues UniIcd of Govemmcnt by memben all tO AdYice

.MXI .rl. ,acceptance of instruments or depmit and AgrecmenI

I .Sec ,M.Xt .An .rorce lnto Entry'

. •

حسح

وا

4grcemet1l, of A'*fec

Go»tnort {O Bnrd

(coatinued) Agtccment of Ar1icIes

(fconfnued of 1anee•B

Unitcd the of Goycrnmcot wiLh dcposiled bc tO oi lnslrvments

—pay or balgncc wbco mcmbers be rcstrictions exchange {o WiIhdrawal

(a)2 .i .Scc ,XXXI .Art .SIates

2 .Sec .XIV .rt. satisiecioryt 'i mcnls

2 ,Sec .XXXI .Art .Sign•ture

æa tights; drawi.nt spe68I {o caocellat;an nnd lloation• far pcrbds 8ask

rights drawing SpecIaI

Righ:.s ßDrawin SpeciaI ot bLiyrss conduaing {o $•expctbe lot scsments&

:(Governon glso See. Govcrnots Of Boatd

:Dcportmeat

4.. ,XX .Art .Fund by Lcvy

appo!rtl tO entiLlcd not mettt*r ror regulations ot Adoption

2 .Sec. XVL .Art ,ri&hts drawing special in Poymcnt

,meeling Bonrd Exccutive allend tO rcptßcntatiye scnd IO

.De Rights Druing Spe:ial in parüc#mion ol tetminmion on Sctdement

/)3 e.. .XII AtL

2 .Sec .XXIV •. .ptrtment

.on deéions .riBhts dmwing }•spéci )o and

Fund(; of Reserves .•gets• Fund's or Jnvetment olso (e Ftmd 0f Asscts

(4) (e) (a)4) Scc .XVIII .An

IO oountries developing of bcncfil for gold saleof from åptocced Cenain

(a)2 S. .XII ,n. ,membcrs by appointment ,Govemors Altcmxlc

7 .at. .g .Schcd .Fund Of gencrnl trom sep•ratejy held

(a)2 .Sce .XIi .rt. cmbcm. by Appointment

K .Sched ,Fund ot liquidalign of event in

(b) .(XXVIit)a Art ,Agccment )o $ArticlC O{ emendmcnts or ApptuvaI

6 Scc lXt A'L gocn) Frecdom

bc CO Direaors Exccutive Ot numbcr decrcase OC inctease ta

.Sec ,XIII -Art .membcr each by Gusrsntce

(8)3 Sc= ,Xli .rt. ckcteds

2 S. ,XIII .Ar1 .depßitories in HoIding

(a .r. .L .Scbed .rightz voti.ng of uspension• nfter otncc ot Cessation

(a)9. .6 ,4 .3 •. .IX .rl. ,lmmunity

(ه)2 Sec .XII .Att .selectioo .Gairmon

ll S. .V .Act ,valuc of MDintcnance

(XXIX)b A. XXJ)c(; ,tl. ,lnterpttlation OO Commi1tce

Drawing (Spccia and Dcpartment Genecaj in hcld gsetS of Sepsr*Lion

(20 .Scc ,XJE ,Art .Comraittces

2 Sec .XVt .tl. .Dcp8Ttment Rights

()2 .Sec .XXVI .Art ofi decision by memben of vithdtawnf Compuhory

عاهنامc olhet from Account Döursement !SFciB ln ot Scpar.tian

-Gov )o Board with <ions* Boord's Executivc or Council's or Q}nsistency

D)2( ,Scc ,V .DcpartmenL GcncnI in

(J)c .ar. ,D .ed. ,eetions 'ernon

.Gcn of $nrount oehcr from Acwunt ]nvestment of $BSset Of Sepantioa

,XII .Att vhcn diJtctor•s elected or number hevc tO n-m Decision

(i)))6) Sec .XJI ,Att Dcpartment1 crot

b)3) .Scc .XI] .rl. ,applies (3 .CC.

10 Scc. ٧ •. .ights. dnwing spccial ko exprcssed V.lue

1 S. .XII .Art unciL& cstabCish tO Dccision

(4) (b) (1 .g. ,D .Sched CounciL lhc ot Awx•'Btcs

.De Rights Drawing Spccial ta pcnninine ßmattC on Decisiom

Aecounts e، Audit;

(XXl)a()i .rt.

(a{3 .r. ,D -hed% „Coun•el O{ N1horitY Ot tklcgation

:payments of B2lance

(20) c؟ .XIt .rt. .Board Executive IO uthotilY. ot Dclcgtion

&S ,V) .rl. .achieve tO mcmben by action .Adjustment

I .æ. .III .rt. .mcmbers ot quotas ot DclcrminMion

4)2) .r. .D .ched. ,uocil. by supcrvision ,Adjustmenl

.AI tbeir and Dircctocs Executivc tO paid remunerntion of DcIermination

FiRl؛ tor Currexy provide tO of dcsignatim oc) Ctiterion

(i)2 .C. ,XII .rt. .temates

(1)5a) S. .XIX .n. *righi dt•wing

.Direc Munaging ot conltact scrvice )O tCtms nd• satary or Dcccrmiantion

(v)(54) Sec .VIIE .An ,conccrning øintornutio or Fumishing

((2 .Scc .XII .Art .tor

(ط)7 cمS. .V .rt. .obliß'Lign ,lmpwærna•fl

E .hed. .O) ((3 c؟ ,XII .r1. ,Direetors Exccutiyc {o Election

(Aلا Secs ,XJi .n. BItendüi8 in incurrcd ÄExpeni

tO Ieodi08 eonditions nö tO teporl of PubIicaIion

t؟ .XtI .rt. (o balance intem*lional in discqun.ibrium

()2 Scc .I'L .An ,qu•Otas or tmcnt8#* and '.quola or review GcncraI

.disequüiblium Ecscn mBtadjustmcnLS QTCCCI O' Fund ot Purpog

8 .ec. ,IX .rl. ,immunilies

(v) (v)/ .n.

(4)2 .Sec ,XXXI .Art .tO ltammitlcd paymen!s subscription lnilial

٧ .AR ,membes of $cunencie )O purchue tot necd {o Requiremenl

(XXlX)b ,JI. Agreementt Fubd ot lntetptetgtion

(ü)(b)3 Sec

•Depatt Righqs Dr•wing SpecitI tO peltailiag tnterprelalion

(a)3 S. ,)XD .Art .rights drgwing iDi؛ ot fot nccd of Rcquircmcnt

(XXl)c .tl. .mcnl

(ه)3 5. .V .Art prob!ems payments ot balmce for Specinl

(ة) o)2). .Scc .XXVII Art (V(aيX Art .decision .Fund or L.;quidation

.rights dnwing !speeia allonte tO deciNoo first in 8CCOunt i010 Tøkcn

nننع *11•Dcpanmcr *Rieht Dnwing (•peci. of liquidation

8)1) ,Sec .XV]II .tt.

(b) (مVيX .rl.

(XXI)()i .An ,•(c)2 .Sec ,XII .An ,r,leetine

(W .Sec ٧ .An ,sold be IO cunencia of sctection Ln amou.nt 0'ln T•ken

ها

كم

'Goverøet of Boød

tMex

(conånued) Govcgnors or Da.r<

())2) S. .XII .N. ,Gavernor each of yalcs of Numbet

6 .rم .D .hcd. (b) ,(a)2 c؟ .XtI .rt. .Poweo

currocies in quola in incrctsc of 25 og paymcnl or{ Presmiption

(٥)3) ,C. ,tll .rc. ,'ri&ht dnwing spccial th.n g.thet

١١ .rt. .suENcrip4ion nd• membtßhip or) Ctms! and timcs or prcscription

2 ,Sec

i .Sec .XII A"t. .trKure. in fot Ptovision

(i)ه)XXI .Art (4)2 .Scc .XII .n. .meetings rot Quorum

bcen havc *tighl vming mcmber o] Rcpcscntation

.r. ,L .ched.

(ى)2) ,eC. .XII .rl. .doAion. .tcguJaIims and Rulcs

(م)) .Sec ,Xtt .". .appointmenl neW pending Scrvice

())2) .Scc .XII .TI. .cmtpensnion withoul

(b)1 .aT. .L .d. .Gmeroor a appoånt iO tigbt mcmbcr•s ol Suspcrwion

.XXVII .An .exlcnsioo ,provöioos certain Lßpeßion* Tmvorary

(l)b .c*

(ه)5) .ar. ,D .Sched A(2) S. l. .rt. .meeting wilhout Vote

1 .Sec ,VI] .Art .holdings rep}enish LO Fund by CUf-renCY of borrowing

conlribulions ot financing .$product primary or ,(internotiona .stocks Bufter

(XX()()ii) .rt. .O)

:transactions Capi1aI

or curtenl coasidcrcd bc tO L18tMCtions whether FuncS by DctermiMIion

(XXX)d .rl. eapitDI

(S)a()yi .Scc. .VIII .ti. ,eoncxming infomation ot FumShih8

(X)dي) .rt. .dertnition .for Paymcnls

(i))1 Sec. .VJ .n. .or) rcsources genznl Fund's or Use

CapiIaI

3. .l .Scc .VJ A. Con1toIss

(a()ii)١ .C. ,XXVII .A'I .•2 .C. .VI .rt. ,tor purchoscs tr«nche Rcscrvc

٥)2 .C. .XXVI ,tl. 1.2; .æVi.S .rt. .fOf genct.l Fundis of Usc

)o wilb in be to .rø) rBourC.e OWn mcmbct•s Of Usc

(b()ii)1.) .Sec ,VI .rl. ,Fund

Ccntr.i

.SCC .Art.V .Fund with dcnling Agcncr

2 ,:e. .XI(I .n. of æholdin Fund's ror dcposit0fY O<ignalion

-cligi .member OnC lh.o tot fun»ions such pcrform that lnslilutions

.XVII ,Arl .ri&hts drawing speci8I of holdcrs ZS presaipüon ror bi(ity

}i)3 •.

:Garges

( .r. .J .chcd. .ithdrawal. membcr's o•t date aner Acctuing

c>)8 .C. ٧ .Tt. ,repurchase rcquited mike tO membcr of Fai!ure

(6(4)1 S. .XXVII .rt. b(;{ (Ha) .Sec .V AeL .Fund by vyعا

Resourccs Gcneral in hcid balnnccs daib ayet8SC OO "LC

0)8) S. ٧ ,TI. .Fund

5; ,3 ,2 .x. ,XX .rt. ,tight5 dmwing spccial )o allonlion cumuigtive Nct

S .tr. .I .ed.

همل"

(cvntinged) Ch•tges

.XXIV .rt. .puticipanl lcrminating br held obligation tanding$Ou1

J o)2) •.

.Dcpanment Rigbts Drawing Wial 0f Liquidatfon during hyablc

5 «par .I .ed. ,•(XXV)c .rt.

in drcumstaoecs in and .rights dnwing spcci.l in P•ymenl

An٧. .rrenq. own in Or arrreneies

(t)a •. ."XXV ,An :5 ,CC. ,XX ,An ((8) -Sec

,Dcp•runent Righls Drawiog Spcciai in intercsl of ratc t0 cqu.l bc t0 R*tc

S. .XX ,AJt

، 0)8 .Sec .V .JI. dctcrrninatiønt for rcquitcd m.j0Iity ,R.tes

ه)9) S. ,V .rt. .remuner81ion or rate tO tehlionship .æRat

(b)8 ,eC. ,V .n. ,hcld are balanecs Currexy during inLcrvals at Rise

•mem another of currency OT tigh1S drawing SFcial or purcbase On

(o()i)8) æSe .V .At1 .bcr

(8a()i) .Scc .V .rt. .purchsses ttanchc OÜ .Serrice

(b)gXii .Sec ٧ .Ar1 .arnogemencs simibr 'O Mand.by

ii)(ه)) S. .VIII .tt. .inromelion or iurnishing ,atttneementS Clearing

4.Scc ,V -Art .plcdge ,securily Col(ateral

Tcrrit0Ties see

Gcvcrngrs fø Board ;ee lnterptetelioa; on Committee

:Cornmit1ees

.-B02td Executivc and .CounciI ,Govemor•s of Bo•rd by Aspintmcnt

٥)5) ,par ,D .ed. ز/2) ,»S ,XII .Art

8 .Sec X) .Act .mcmbcrs )o lmmunilics

or gold !OO but other Or riehl drawing speci•l .denomioator Common

I .r. .C .hcd. .cutrcncy

7 S. ١X .rl. .rot priYiEege .official .Communk8tions

(XXX)e()i .rl. ,nuetgations cxport ot financiDb ComFi.satory

.XXVI .Art .•J See ,XIV .tl. ,membenhip ro-m) wilhdraw•l Cotnpuboty

7.8 .ar. C ,cd. (c)2: •.

,XiV .tt. .resltictions exch•ngc ccrt•ia rce.ining mcmbers with .Annual

3 .Sec

,VttT .rt. ,greementS& internationat cxisting tcgardög 8e1ween

6..

on (ptoposa lor suppofl broad is lheee if ascertaio tO Dircctot Man.ging By

(b)4 .Sec ,XVCII .ArI ,righ1S dnwing speci.l {o caoceilntion or allocalion

(e)8 .eC. ,V *Aft .tcpurchases dclinqLecnl OO Ch•tgcs

(4)3) c؟. ٧ .An ,selection .sold be CO Currencies

(XXX)d .Art .determinilim .transactions }capiL8 Ot Cusren1

(e)7 .C. ,XIX .rl. .currcncy $'penigipent ot r•tcs Exchange

,B .cd. ((12 See ٧ .Att .currcocy ]or gold ot salc Fund

(b)7 a).

9 ,3 .p•r .C Sc.hed ,value paT wl1h0B1 Member

(b)3 .Scc. tVt .rl. ,policics rnte cxchwngc 'Membcrs

حى

مرا "

حرن االسيهم

(conrineed) Consuh•tiocu

8 r. .C h؟ ,exat ID ce•sing ulue Par

(b)7 .Sec ٧ .rl. .obliP1ion Rcpurchasc

(٨) S. ٧ A. .rcpurchascd not Currettq ot SaEe

اطمعى Free(y ام ) 4 Se= ,VI)I .ArI ,balanca fotcign-heid ,ConvettibiIity

(Ttency'Ä

٧ .Act .curtencies Ot yalue ot maintcruncc for arnngements

(b)3 (0)2 .c%

:Council

.r. ,D .d. .proeedgres of determinatioa nd• regalatioru Adoption

,Fund اه مiدط condua tO tegulajions snd rulw €aåop 10 Authotity

(a)5) .pat .D .Sched (ى)2) .e. .XII .Art

(54) .par .D .hed. م)2 S. ,XII .tt. appoint IO AuthorilY

.Scbed c(;)2 Sce ,XII .Art .mccting Covcmon ot Bo•rd cøu tO Aut.hotiIY

a)) .. ,D

م2 ,Sce .XJI •. .mecling withoul Govemon of vo{e obtzin ID Authority

(54) .r. .D .ed.

.pat ,D .tcdå. .seiectim .e•&•mon

(a)1 .r. .D .hed. .Canpmition

nccpø nd• aibocatims on Diteqor Mana8i.ne Of propmab bl æCoowrten

(ه)5 .r. .D .ed. o)4) Scc .XVIIJ .tl. ,ribhts dr•üg spcc.i•l of btioas

(W xrم) ,D ,Oo•æmon or Board of dioa* wilh ot

,Dcpanmcnt R[ehts Ota•ing SpeciaJ 10 relating mattcrs on Declslons

(ط)5) .r. ,D .Sched.

D .hed. ,•t -Sec .XII .ft. ot Boatd or by Est*blihmen1

(54) .par .D .cd. .privileges M• lmmunlties

4 .r. ,D .cd. .cctings.

(e()iv) (»)4) .C. ,XVIII A. (p) .(ى) p) (e) .(a)2 S. .II. .n. .ven.

6 a)5) m ed% l)a(; ,XXVIt ,rt. .•L .eC. .XXIIJ .rt.

,suspended been hnve rights voting or Reprcsentation

4.pgr ,.L .hcd%

mncctlation or anocation for Director Managing by or) Rcqe<1

ه). .t. .D .d. e))W)4) S. .XVIII .AN ,&right dt•awitw sgxcial or

.XXVII Art .Ageement of provisions ccrtain of supension Temporary

(54). .r. .D .ed. ٥)1): .C.

tnnsaaions and open'ions IO rc}ating 0Yisions" or n5Fnsion Tanponry

(a)) .r. ,D .hed. I; .. ,XXUI .rt. ,riehts drawing (speciD in

Coumitiorc

(a)1 .Ot. .D ,Sched .Couneil of mecling t• iltcndance AppoinLmcnt

(ط)

ط1) .r. .D .ed. ,ßAItemat

(e) (b)5) (b)3) .agم .D .d. .VOtCS of castini

(b)3 arم. ,L .ched. ,riBhes voting of suspcnsion after oi Cewa1ioo

.p•r ,D .ed. .pfivileges nd• lmmuniLics

«appointtucnt in participate or npoi.nt tO ri8h1 )O Suspension

b(1) .r•. ,L .ed.

صو

'&«Cut•re

vatue or Maintcna-mc ,CUXTCDCY wabtc FreeIy oئلم see) Cvtreneies

:(currcncics

S; •. .XX •. ,riBhts drawins obt&'i t0 use ,Fund O) Acceptable

n)i)1) .par .G .Schcd

S .r. ,J .åSchc .wichdmwn has lhac mcmber of of Acquisition

terruinaline by rfEhg drawing spccial with of Aquisition

nr.i. .R .ed. ,par1icipsnLS

(il)b S. .V •. %hotditt Fund's ot AdjtBtment

(r)/ .VII .rt. .Fund by Dorrowirc

IO .Sc-c. .V .t. .CotnputBtions

spec•ial ot amOUnt speciRcd ror proyide fO panidpants Ot

F .hed. .•S .See .XIX .Art .rights drøwing

Of iiquidation of eveni in *perüipant by Fund O) of Disch•rgc

I .ar. .ched. .Depsnment RiÜEts Drawing

•em by eold in payabic subxriptim or obligation repurchew )ö DScharee

B •. ,'panicipant

ز)7 (W) خS Ve .An .WCTCXY rreely for Exghnnge

(b)10. .Sec ,V .Art ,righLs drawing !.speci in transactims ,t*l4 Exch8nge

7 e؟ .XIX .rq. ll)a(;

,!Xtl A. ((8 .(i)7 .(b)6 S. ٧ ArL .•3 .Scc ,ill .ATI .ho%inp Fund's

.par .B .d. ((e) ,(XXX)O .Act (a)2) .Scc.

كدعمذصb conducting of IO W•e .æhoidin AccounE lnvestment

(v) (iv))6 Scc ,XII .rt. .Fund of

.XIL .n. .used Nt•rency in deoomintted obligations in lnvesiment

(ثة)))6 .%.

Ot tight dtawing special of in memben ty valuc a Of Maintenønce

(b)2. e؟ ١٧ .Afl ,gold tban 01her denominalor anothcr

il Ste ٧ .n. ,Fund by yaiue of

,mcmbcrs by arrangcmeots cWFtatiye ,membcrs by velue Ot Maintcnmce

(W) e؟ I٧ .An

Scc4 ,XIX .ArI ,prayide IO or Oblig'Lön

())3) »S ١ .t& .redLAion quoa.a tO mctntM tO by Paymen1

8) Sec .V •. .chargcs of Paymcnl

•mem in rCSCNe eeoeral )D part Ot ineome net of dBtnbution or PaymenI

(6 S. ,Xtl ,Art .currcr;•q OWO

(٥)3) .eC. ,IJI .rt. ,incrc.ase quota o•t Paymcnt

(4)9) c؟. ٧ .Ar1 OWn membcr•s in rcmunera)ion ot Payment

J hed* ,mcmbcr withdrawing tO ?ayment

6 .Sec .V .rt. .ri8hLS draving spccial ror Fund from Purchase

S. .VIÆI .rt. ,mcmbcr anothcr by held CgrtCßCY {o RJRh.sc

or bquidation mcmbcrs other tO gpponioned holdings of Rcdemption

.r. .K .ed. .Fund

1 .eC. ,VII .Art ,æholdin "Fund oi Repknishmcnt

.B .hed. .•7 ,Sec ,V .r1. .bnd•} he!d or by Rcputchose

.2 S. ,VII ,lt. .ardty%'

1&Cut•rtRc

lndux

(confinued) Currencies

spceial in »øtrans«cti lor nr provWed tO Fund by Sctection

()6 See ٧ Art .rights dnwing

()7 ,Sec ،٧ .n. .cpurcbase. fot Scl:c1ian

(4)3 S. .V .n. ,peoeedore and policies .sabe for Seltction

S S. .IV ,N. .territories mcmbees within currencies Separate

مه .Sec .٧(XX .Ar1 ,p.rticipenl terminating with Settlemen1

ia payeble non.parlicipatil by obIi8B1ion of ch•rse& .Fund by Spccificd

2 ,ar. .B .ed. .ßigh. dnwing speei•l

() .()7 Scc ,V .fC. ,purthusæ in uSC .Pund by Speeified

(a)يXX .rt. .Sec .III .rt. ,curitiesæ of Sub1itV1ivn

.•trans.clions Curcnt

ror Dccdcd Ot or result 8S cquircd. bblnnccs oteign-hcld) of ConcrfibiIity

S. .V'tl .Att ,for paymenus making

or cunent corgidertd be IO Ir•rsaetWn.s whethet Fund by DeLermination

X(O))O ACL ,trans•ctions capital

vز)1) .Art ,yments. of sy•stem MuÄi[alcmI

}XXX)d .AN .definitioo .for hymcnts

.(b)3 S. .VIi .Art ,•3 Scc .VI .Att .translers paymentzand on Rcsnictions

2 S. .XIV .rl. ,•2 Sec .VIII .Ad (e)

S. .iX .rl. ,rrom immuni1Y Fund's ,dulies Customs

lnrorm•qioa ٤ Data;

:terms or Definition

(/يXJ .tl. .aarrenCy usabfc FrceW

(ى(XXيX ,rt. .lY7S ,31 Au:ust on Members

rights drawins special ot cumulative Net

Ö)XXX .t1. .righb dr•ving (specia in Oß"tions

(ج))XXX .Ar•t ,Fund OI OperatiQtu

(4)XكX .Art ,transeclioos eutrertL or) Payments

())XXX .rl. ,putchase tr•nchc Resetve

(XXX)b Arc .urunsement Stend-by

XXX)O .Art righLst drawing spccial in •Transaaion

(XXX)h .Aft ,Fund )a Trunsanions

,Art .ntrod. ,Accounts and Departments

(ه)9

ي)XXX. .An

,XAI «rt. ,Agrceme0l lhe ot of instrumcgqs for Depasitary

Z S.

Depæitories

(a)2 .CC. ,XIII .rt. cech by designation .Currency

())2) .Scc .Xtit .rt. ,deposi•orics de*ign•ted in bcld IO .GoEd

,XEiI .Art .dc]•ult or failurc from bss agaiast as.Eb Fund )o GuaranIee

3 جعS.

i e؟ .!II .n. .i1Dty$dcp0 appropri•tc tO paymcnt8 Sub$crip;ion

membetc DeveIopiog

Spccial in asets from tcrms special on acistancc paymenu or Balanee

(ii)()12 S. .V ,rq. .Accwnt Disbunemer;t

Disbw•semcnt Spcci•t in gold ot sale ftom of parl Of

(8) .arم ,B .hcd. (iii)())2! S. ٧ .gl. .Account

لي

ذ.

لا

Erehanee

(4»يinل■مع membcn Deveiaping

,D .Sehcd إم by devclopmenLs ot teview rc.l or Ttih$fet

24). %.

•.DaagrcetTX0b

-dur parti6pønt any or partkipant terrninatutg and Fund ArBing

ØXXI .rL. ,Depanment *Right Druwing Special of liquidaüon ing

-iiq during member any or membcr wilhdrawn and Fund bctwvcn Arising

(XXlX)c ArL .'(b)2 S. .XXVli .rt. ,Fund of uidation

3 S. .VIII .Aa .avoidanee currency

:(paymcnts of B.hncc Otso see) DiscquiIibTium

7 .6..ar. .C ,Sched ,preyent Or WrtCCt 10 value par in changc Fundament•L

•mcm of {o balances intcmR1ionai in lcssen 0) Fund of Purpße

(I)vi. .An .bcn

مز scrious prodlre IO tcnding condilions regnrdine mcmbers tO Rcpon

8 .C. .XI] .n. ,paymeng {O balancc in cquilibtium

c.l. ١٧ .Art ,foster fO mcmbers of obligation ,orderty .rovth. Economic

Dirpc10ts Ezccutivc See Eicction;

:pmyisions Emergeocy

2 s. .XXVZI .An .Fund h! of Ljquid•tion

.Agtte thc of —•:provis;o ccnein of operalion Ot suspersion Temporary

(a) .r. .D .hcd. ,•1 .Sec ,XXVII Ar.. .mgat

,ri8ht5 dnwing speöal tO rclating proüions !o suspcnsion Temporaty

(a)5) .t. .D .Sched XXV)ø(; Art l; S. ,(XXII ArL

(أi)1. .Act ,tevels high or maintenancc nd• promotioa .EmpIoyment

1 •. .XKXI .n. .AgrecmenL the af forcc into Erury

(i) .rt. .ntrod. .Fund Mone1iry tntemadoul (o Establi'hment

:cirtutxtances ExceP1ian•I

-trarBac for nees cxchange otber On agree tO panicipants tor Authority

(7 .Scc .XZX .An ,tions

.XIV .rt. .r%trictions ot withdrawal on member IO reprzenlaliom Fund

3 .C.

Ln or Fund by spcc.ifred mcmbers O{her Of curtcocies in chargcs or Payrnent

(i)(م)1) S. .XXVII •. (e)8) •. ,V .An .mltrcnq OWt1 mcmbcr's

((3 ,llt •. .payment .•0t*qt Of Reduction

:anangements Exchange

(4)2) .Sec .IV .n. .membet by Fuad Of notihalioo ,Qangcs

3 .r. C .S@xd ,Fund of "•purpm wilh

Ot value par cstabüsh tO lnlcoding nO1 member by Fund wilh CoasuEtttion

9 .3 .t. ,C ,Sched ,exiSl tO ecused h•s nluc par

c)) Sce .tV .fl. ,fot provision make m•y Fund Gencr•it

(8)2 -Sec ١٧ .ArI ,1976 ١ J.nu.ry On ptev•iling Kind

.ch•rtges Of and anlicd be IO zrtangements of membct by Notific•tion

a)2) .CC. ١٧ .n.

9 ,3 .par .C .lV;Sched ArL ,members of Obligacions

(t{iii .n. ,membets amgn8 ,0OrÖetty

يعسس

ال

gyønremmg ßchan&

lndgx

(continued) mneemCnUø Exchanse

S .Sec. .IV .Art .tcrritcxies within c•tnxctrics SepBnle

3 e؟ AN .SurveiiEgnce

(b)2 Scc .VIII .rt. .unenlotccability ,eontracts Exchnnge

reslriclions(; Exetanee auo sre) conttols Exchnngc

3 ,(l{a .See .!V .rl. .*•trtnsfer Capltsl

,effcctivc mo-rc regul•lims moke tO bctwccn

(b)2 .Sec. .VIII .n.

(o)xi؟. CE. .VIIE .Art .ht!ormaiion of FumQ1ing

(l)iii .et. .evoidanee .eompetilive ,deprrcimion Ezchange

.velues par baving mcmbers tr•nsactionsot exchange spot .marzins Exch8J1F

.ar. ,C .ed. (I)a((iv) .C. ,XXVII .rt.

yalucs(; Pat .•atrangements Exch•nge a)so ee$) rate•S Exchangc

(i)iii •. .IV .t'. of AY0idance

informnion af tumSbing .curtencies rore;gn ror lcsÄ seIlGts and 8uying

()(a(5. .C. .V'II .Art ,cqnccrning

IO •. .V ,Art .Agtcemcnt the of pvovjsians ppJyiog. fov Comput.tions

(W) .C. ١٧ .n. ,mcmbcrs wilb consuhntions .Policics

(W .ec. .IV .tt. ,guidancc rot princip}es .Polieics

2 S. .XIV .rt. I; .eC. ,V. .ti. .EFlem stable ot hnotion

8 .ar. ,C .d. .atue. par )o Terminttion

' S. .XfX .Art ,tights dnwing gxcial Transactiot3

(ll)a Scc .V .Art .Accoune Rcsourccs Ccneral in hcld curtencies of Vaiue

:restrictions Exehange

2 .CC. .XtV .At•t .circumsianccs chznging tO AdapLaüoa

See4 .Vtl .rl. curttrtcyt tO rcspcct wilh

(a)2 .Scc .VIII -AtI .FU@d by Aproval

2 .lti. .n. ,paymentS currcnt On A••uZance

or eppliaüon for edjlßtmcnt makc IO membcn betwcen C9hN1lttti0TB

6 ,Sec .VIiI .Ar1 ,rcstrictioas uthoücd.

3 Y. X. «. .elenlion. further LO 8S ÖFun with Coasuitttiors

regulatiom comrol exchange maEiae in membets bclwcco Coosxr•tion

(b)2 S. ,VIII .ACI ,effective mote

5) .Scc ,VII .rt. ,m agteemcnrs O1hcr or Ef)eet

world of growlh hnrnFt which cxch•nge torcign {o

(l)iv .rt. .tr•de

I S. .XIV .rt. .Meinten.ncx

•pur Fuad's wilh ineonsistc-nt rcstriclions mainleining in Member

2 .Scc .XXVI .rt. Scc ,XIV .rt.

2 .C. )XIV .rt. .withdraw t0 Obligation

2 .CC. .XI .AR countriest non.mcmbcr wilh lransa»ions On

3.Sec .XIV .Arq .(annua .Report

3 c. ,XIV .rt. ,withdnwal CO iS Rcpresen1aLion

3 S. *IV. .n. .Retcntion

•tC ßexdiar•t lemporary auIhotizi08 dectatBtion fomaJ .currcncy

ط)3. •. .VII .n. ,ltiaions،

XEV .An .arrangcments Tmnsitional

ه قن

سنتسسست

Oirrttm Ezetuffvv

:stabitity Excåange

XIVI A. ١ .eC. ١٧ •. r•tat eهممe or Sy•tem tDbk& Of Prom0lion

2 .Sec

(i)iii ,Ar1 .promoce tO Fund )0 Purpog

ttansadions Dd& Opetations See tremactioas; EJ.cbangc

•.éBou E..ecuLWe

4.par .D .ed. ,Councii of meetlng }at IO AuIh0fity

b .C. .tX •. (ز)2) .Scc .XII ArL ,Comminees

dnwing spccial of canæüation and for ptoposaLs ih Corrutrence

(4) (o)4 S. .XVIII .rt. .ri8hts

-Oe Ri8hLS Dnwing SpcciaJ tO exclusiyely FNbining m•tler3 m Dccisiorg

(XXt)gKii .n. ,parlment

(30) .(b)2 .Sec ,XIJ .rt. of Board by oC

(ى3) .Scc ,XJI .rt. .segion continpo'b in Fungtion

(XXlX{a .AN XXI)c(; .rt. ,dcdion .Agreement lhe ot lnlcrpretation

(a)4) 5. .X]I -Art .og sclcction .Dire»or ManRßing

(٥)4 .Sec XiIs .An ,Chijrman tO DirectDT Mønagjng

(ى)7 .Sec .XIJ .An ,æMecth

CouneiL OC Go•emors Ot Board ot tbæc with ctiorg، of inconsistency No

(5a) .pzr ,D •. CounciI of those O) corresponding Powerz

t .C. .XII .An ,for Provision

(XXl)a()ii .Art (A)3): .See ,XEJ .ArI .mectinp for Quorum

(/)2 .Sec .XII .rt. .Govemort of oardß by ktegmination) ,Remuneration

Executive an IO entitled DOt member {0 RepE*ntation

))3 -Sec .XII .Art

.zpended* bcen havc rigbts valing member of RcpresenLalion

p. ..,t -Sded

.(Art.XViE .rights dravirt8 sxcial of anccllün Of nJI0QIioa far Request

(e)r)4 ..

(a)3) »S ,XIE .rt. .Fund of bwines conducting t0f

R)2) .Scc XiIt CL. ,doplion• .regulatictu ar•d Rulcs

drawing speciai ot Or ot suspension Temponry

(XXV)a .n. ,dsh1S

,Agreemen1 lbc of proüioas cenain or suspcnsion Tcmponry

() ٥)/ ,XXVII .tt.

drowine Fcial؛ in trgnsaclions and openLiON )O susggasion Temporary

(XXV)a A. .'i .Scc .XXltI .. ,$tight

.OO/II( .rt. emeteen51 an in tratsaetions of suspemioa Tcmporary

(a)2 عي

:øDirecto esccx)ive

(e)3 Sec .XII .rt. .appoimcd ddiGonaEÄ

8 See ,IX ArL ,ptWikees and immuoities

(3) ؟ .XI] ArL .pwet•s and appointment .AI1emate

while Directot Exccutivc ormet) 0t exergise LO amhori1Y .AItemate

)3). S. ,XÆI •. .y•ant i4 otrtce

وو

سح

Dlt-gøn Ezecuri'-e

lnoøx

(eonrO1ged) Dirccton EzecutWe

,Govcmors

o٢ rd.% by rcmurrniion of detcrmlnalioa .Auernttc

0)2) See ,XII .AR

(ط)1

.ar. .D .hed. ,Courri of meetbw sltend tO attillemeot .AICtTtate

(A)9 ,B .#S ,IX A. ,priviicgea and immunities ,AI'emete

(1)3 ()3) (b()i)3) See ,XII .An ,Appointed

(0)1 p. ,D .d. .mectings CouncU ZI Atteadanr

.r. .L .hed. ,r*tb Y01ing nzpeasion anet omce of

E .ed. ((4) (Ii)( .Sec. ,X]I ArL .Eiæion

(i) (3 See .Xtt .Art .lective.

Sez .IX ArL ,pr{vikees and lmmunitie

(b)9) .Sec ,IX .n. ,salüia O•n lax from lmmunity

(b)3 See ,XII .rt. ckctedl tO numbcr in Qr lhcrease

(م) (b)3 Sce. ,XJE .tl.

(i)2 .Sec .Xit .Art .Governon ه Board by determination .Remunen1ion

.hed. .clection in tli#ace* Ot appoint tO riBit of Suspension

(8)1 .ar. .L

/3) .eC. .XIL .Arl ,Director Exccutivc ekcted ot of$ee in V&eaxy

(،)3. .Scc .XII .rt. %DirecI Executiye eaeh for number ,Votes

(qcrma or Dcünitian atso @ee X(O< .Art .terms of ExplanaLlon

(b)2 .C. .V .rt. .Fund by æpcdorman .servfxs tcchninl LDd Fmancial

BFocisx FiscaI

I .ec. .V ,Art .und. with DeaIit1E

•cur mullipic Ot rrangemc:ns• Ct1tTtncy discrimiogtory in cngaF IO Not

3 .VIli .n. r-et5

,XI .A1t .oon.member wiLh tmnsactions IO tepect with Unöet1akiR5

(iلأi)٥)1) .Scc ,XXVII .rt. ,S)iY .Scc

.VIII ,rt. rurnbhl LO required be m•y members dala ,exeh.nge Forelgn

(i) (i)(م5. .C.

ganblc Freety

fram purchßed 6ccn bas whße member by iato Convctsion

())3 S. .V .Art .Fund

(XXXC .rt. .Dennitian

(٤)7 5. V. .Tt. .repurchasc for spæified CÜfteoq ftH Enchange

draüg spcéal usiag psrticipant tO demand MI ptoyidB tO Obligation

.Sce .XIX .. ,'right

,.2 .J.par edث. .withdrming mcmben ith• Set1Iemen1

H .ed. 6; .5 ,eC. .XXIV (A. ,parlieipnnt tcrmhating wiEh ttlcmcnt*

OC aursc or payülent or) tightl dtawing special aquire LO e u

3 S. ,XXIV .rt. خS ,XX .rl.

liquidation Of eyent in parlicipanu by Fuod tO oblig•ti0N discharec tO Vsc

I .t. .i .. ,Depanment Right5 Drawine SpeciaE ن

.obligalion reconstilulion futfill tO rights drawing spccial obtain O) usc

(a((iv)1 .r. ,G .cd.

DBequi!ibrium SN disequilibrium; Fundamenta1

Act0WRt Resourca Ceneni

.AC lmatment Aceoutit; R$ourtcs OcncraI a&O (e Department Gener•E

:(Accopn1 Di±ursement SpeciaI :coqnt

}XX .Art :6 Sea ,)XI .tt. .AdminisLntion

.A#ount DisbursemenL Speci•l ßRcsoure Oeneral of Consüting

(iii). .tt. .nlrod. .Account inycstmcnt and

(iii) ((ii) ArL .nttod. ,opcr•tion and EstLb1lshmcnt

2 S. .XVI .An Fundt of propeny aod Cbßä or Holding

.Sched :2 Scc .XXVLt •. ,Uquidation

2 S. .XVII ,M 1: •. ,XVI .Art ,transwtions and OpctaIi0fB

(R) (4) .#S .V An.. ,prtkipanl by rights d.raüg لمأم of عامى ،nو ححطمP

.bugi conducting of CXpenES fot rights dnwins spcciaJ in Reimbarsement

2; S. .!XV A. .Depanment Rights Drawing Speci•l of neg

iii)م)XI)) تA.

:(iii) (ii) .Art .lntrod ,OcpanmcnI Righg Drawing SpcciaI tom) Separafion

2 .t ,Sec X. .rt.

(O)a. .Sec Vt .Art .righls dtawfng spcciat ln bc tO tssclg of VaIuc

Fund Ot Reserves e، GeneraI

:Account Rcsources Gener.t

(XXi)a()iii .rl. .iqhts. dnwing s*al ot holdings and

.tcrmi by currency usablc fteely 7'0 eurtcnw OWfi mcmber's or AcwisiIön

i .pa_f ,H ,Schcd ,patlicipant naling

og pay CO by rights drawing spccial of Acqui5i1ion

S c؟ .XX .ArL ,menl

.H .hcd. ,partidpanq terminalina by rightt drawing 1•SFi ot AcquSition

2 .t.

.obtigalioa recmstitution fulfill tO righls drawing S#ciaI of Aquisilioa

(i)aXiv .ar. .O .Sched

(b)8 .Sec ٧ .Art .held q.lrrncy of htana:s on ChBrgcs

(iii) .rl. .ntmd. .transa<lons aad o*tttions or Candgct

within Fund iiquidate IO i] rlghts dnwfng speciai of DWtibution

,Dcpgnmeax Rights Drawing Speciai liquidate 10 dccision ot mohfhs *.Ei

(4)2 S. .V .An ,Fund ot teources genenl of Holding

(c)I2 .CC. ,V .An ,gtes gold or ettect member's t of Holdin5

2 S.c. .XVII .ÄA .righC ing'%d18 speciai or ßHoIdin

•eg not amounts io 1975 3lt August 0f Sä membcrs of quotas in ltxrcar

,Acmunt Di3butæmenl SpedaI frotn tnrgtcrrcd amomts

(b)2 Sec ,lli .An

prcceribed wiLh ri&hLs drawing gpecial in trønsactions and Operations

(iii)3 ,2 .CC. ,XVII .Ar1 ,$holdcr

.r•. ,B .ed. D;)t2 .Scc .V .Art dامج or أء كo 'ptoceed or PIacement

c؟ .VII .An ,$cu.rtenck )o holdiny Fundts )0 Rep}eni*hmcnt

.p•rticip•at termin•ting ith* settlemcot lg TrnnsacIiots

6 .ec. ,XXiV .rt.

.Account Spccial of termin•tion unn *asset ol Tran5tct

D)l2 Sec .V .AEI

برا

Accomt Rao»rta GmetW

(coneinued) Account Rewutces GcncvaI

-Dis Specizl in CurrCOCY mcmber•s vilhdrawing of ho"ings or Transfer

I .)B. .J .hcd. ,Aecount lnyesamcnt Ot AcounL bursement

ot rcductioa or tetmination opoa AccounL lnvztmenL ot patt og TnnsIer

(حز) .(viii)Ø6 S. .XIt .Art .inyestmem

inlcmztbnal .Uqukiity æt Clob•l

Reser•es ee$ "ra•cr enSting supplemezt iO need Global

:GoId

(d)l2 ,Sec ٧ .n. ,Fund by paymcnts {o

Ki .Sched ,Fund ot liquidation of C&SC in holdings gold of

2 •p.

(v) ,(a()iHiv{5 .Scc ,VIII .rt. tO required be may mc±rs D•tn

(b)2 S. .XIII .n. .itotics$Dcp0

2 .I .r•. ,K h. .Fond of l@uidation or cvent in Diqribu1im

special in paymenl ,subæription t3 or in pay tO ObIigetion

2 .ut. .B .ed. ,ri8ht1 drawing

.V AtL ,ot csublishment OI manaecmcnt )o avoidtnce ..markel rtxed ,pr*c

(a)l2 .Sec

())12 Sec ٧ Art markce of basis OD agrccd bc tO $s•k ror Prke

•Agrec che Of amcndmcnt oi daio on IO sa}cs tor Pricc

(e)l2 See .V A. ,ment

7 .Bt. .B •. (47) .(c)I2 .See ,V .R. .Fund by SBle

Vp .n. ,Agrcemcnt ttE af mcndment. second of date on Fund S•(e

(V .12. .c%

{O 'tO L975 ,31 Augual of S* hgld ounccS million 25 tO up or S•bc

(7 .p•r ,B .ctwd. ,untties. dcyeloping

of membets IO i975 .31 1ßAug of S' hcid OUOCW miDion 2S IO up of Sa(e

(م)7 .ar. .B .bed. .quotas thcir 10 proportion daEc )tha

(b)2 .Scc. ,XIII .Ast .emetgency an in Tnns]er

,XII .rt. .Account lnycsament EO sole of &procee Of pan o4 Transfcr

D)ii>)6 .C.

.XIII .rt. ,Fund Of requirements COSIS tO regatd LEÜ with TnnsIer

(طلا عع

B .Sched .proyisions Tnruitionsl

9 .par ,K .Scbcd ,Fund of liquidtiion ol عرهc in

Covcmors(; of Board واه see) Govemors

(٥)2 S.e. ,XII .At1 nd• appointment .AItcmate

(a)2 See ,XIJ .rt. ,Appointment

(3) .PZX :.L •. riLhts yoiing or afte.t 0t6ce Of Ccssa1im

(h)2 .Sec .XII .rt. ,Expeases

.eC. ,IX .n. .äpriyileg end

Ot suspcnsion anet Govemor e appoint tO right member'l of Svspcnsion

ط)1 .r. L Sched .tights

(،2 S. .XIE .Art .Govcraør gur numbcr ,Votes

:(Fund ot ماعجىA ويا see) HoIdinF

(ط)11 S. ٧ .Att ,currcnq å'mcmber ot holdinF Fuød'E h Adiustoxnt

ntematioaal$

fMOX

(conrinued) HoEdines

.XIX .rt. .rights drawing specitt •partiåp•nts of Bal•nced

(b)5 .See

ond $righl draving SFci8i 'prticipants (*rcklhnsh

(b)1 .r. ,G .Schcd othcr

K .hed. )a liquid•tim of evcnt in

.V .Art ) ,(0)3 .Sec .III .d. .rrexy. member•s a ot hoEdings Fuod's

() ((a)يXJ .ArI :Z ,C. .XI]I ArL ,'II ,9 (8b) .7 .CC.

ه)يXX .rl. .Fund by sccuritics oi lnchBion

•boid Fund's which at JcvcI abavc incrwsed IO ffTCncyÄ Member•s

٠(6)7 .(b)6 .Sec ,V .ArI a)3-) •. ,III .Art chatgest IO subject be would ings

(12. ٤ )8

(a)7 .Sec (X .rl. .si•tement "summa or Pub}iÄtioa

(IO)b S. .V .Art .currenq membcr•s )a of Rates

3 See .XVI ,Art ,rishts drawine peciai• )o rwEings in chat1ß5 or Recording

4.r. ,B .hcd. .Rcpuccheg

(h)7 V,See ,rl. .rcpurchased not cuttenq member•s ol Fund by SaIe

3 S. ,VII .rt. .CurrC'tCy member's O] SærciLy

2 .Sm ,XVII .Art ,Account Rcgurces GenenI in r*ts rnwingå Special

il .Sec ٧ ,An .ßase Fgnd's or V8tue

privibegcs and .immunities ,SIatus ee$ :lmmunitics

6 ,C. .XIi .rl. ,net .lneome

(i)6 .Sec .Xil .Art ,•(h)l2 .Scc .V .Att .inve*lmcnt of

gencr•l Fund•s og use ne .loelig(bititr

:JDforma1ion

•mone On into»matioa exchangc and col(cction for enlgr as cL• tO Fund

(S)e .See .VIII ,An ,problems nanci•lå nd• l.ary

5 ؟. .VIII .Art .futnish IO required bc m•y Members

.ptoyi ,ßmcmbC ot policict rate OYer survcillance tor Neccssary

(3 S. ,tV .ri. tO sion

()5 .Sec .VIII .rl. .cotporations Ot individuab ol fnirs)• ot disclosure No

عاطى/ dmwins speciai On lnterc•st

-Depart Rightl Dr•wing Spccial ot upon payment .Accrued

(XXV)c ,I. .cat.

Drawing Spcciat in participation 0f ermin.lion' on settkmcnl .Acrued

(a)2 c. .XXIV .An ,Depanment Rights

3 Sec .XXiV •. .pankipant ccrminating by hcld bahncc OuU1anding

-Depart RighLS Drawing Spccial of tiquidalioa during Fund by Payment

6 ,5 .at. ,I Sched .mtnt

5 Scc .XX .n. .rights draving gxciai in Payment

.Sec XXe .Att ,hotders ta hyment

3 •. .XX .Art ,determinalim .Rate

(٥)9 .Sec ٧ A. ,rate rcmunerat}on iO tclation ,R.tG

lntcmuionai

6 •. ,VIII .AM .g*rding. mcmbers beLwecn ConsulL•tim

S .Sec. .VII .rt. .tt$trictigns on Effect

)2) Sea (V •. .ntrvts. ezcbenge in coopention for Mu1uaI

lßäc•g إo Courr lntetnrdmd

,lribunal rbitration• ot umpire of apointmcnt ,Ju3ticc of Cogrt intemational

())XXX .Ar1

htcrnaüonal ,Liquidity Nt، .bquidi1T lntem.tional

of gbli91ioru geoerai ,purposc .Ncm. mmctaty tntcmallmal

i S. IVS '.

X .rl. ,wilh cooperation or! n&nsements• .orpnizations totemaLiot«t

.Sec .VJII •. ,liquidity lntemationel of »turveillan tn:emation.l

:Agteement thc of lmerptet•tioq

)O memtxr wilhdrawing Fund b6twem dinercement )o Afbitntion

(XXlX)c .Art ,Fund of rquldetioo durüt8 membcr

XXI)c(; .Art .Govemon )o td&B0 ot tmcrpæuüon ÄO Commi1tee

(XXIX)b Att

(ط)XيX .Art .Go•emors of Bo.rd by ,6nnl ,Dedion

XXX .Art ot Explan•tioo

.Dep•rtment Rights Drawi.ng SpeciaI tO excEwWeIy retaLing Mattcrs

(XXl)c .An

be iO mcmbert betvcen or membet and Fund bet*een aüing Qucsücn

(IXaي) .rt. Boarde Executiye IO submitted

.Sec ٧ .Art ,rraagemenu. lntervenlion

اهuنeoهA lnvetmenl

.nttod. ,DepartmcoI Cener.l in tnruetions aad opetBfiocs of

(iii) .rl.

.V .rl. ,•mnt IO rel.tirw wmput•tions in inciudcd not ßhe Currency

)10. ,Scc

X. Arc ,dKj0fi؛ OC tcrminatm OO eISÜ ot Dbtribu1ion

(«زم(زw)(/ك .eC.

)6 .Sce Xltt ,n. and Enabliåment

,J •. wilhdrawing of \W1ions± Ot of

(6C()viHYiii .Sec. .'Xi ,Art .TemiN1ion

,Xtl .Art (ي)12: .Scc .V .Art .gold ot sale tram of part ot Tcansfer

(i) .(ii()6 .CC.

•AC GeneraI to etjrrency member•s withdrawing oi Trøasfer

I .tß .J Sct•re»L .eMJnt

,mcmbet by potition internuional on intomalion Ot tumishing ,lnyestme•nt

(S{a()vii -Sec .VIIt Ar•L

Fund's )o

(iv(ك .Scc ,Xlt .ArI ,IR•mme

(V/()iii Scc .XIJ .ArI ,Aceount lnwstmenl in hcid Member•s

٧ .Tt. .AccouoI Spcdal in t*ld ar•rency

))I2. ,CC.

(ix)()) .CC. (X .rl. ,amOUti1 of Rcduction

:Fund of Uquidatim

K •. .t. .I .ed% ißAdminis1rnti0

2 S. .XXVII .AN (٥(XXV ArL .Goyernors ot of DecBion

Right1 Drawing Special liquidale tO decision ot months six wilhin Decision

2 .ptr .J .d. .Department

Mmttno

(dمسniم)) Fund of dionنون٢

(XXIX)c .rl. .during Disaveement

,membenhip from withdnval of montb üs wilhül ocmgnts of Seltlemcnt

.Sched ,IO .r. .J .Schcd

(v(viii(()(6 .Sec. .XIL .ArI .Aemtmt investmcnl or Termin.lion

120 e* .V •. ,Aowun1 Dbbursement Speeial of

:Deputmcot Riehts Drawing Specisl of Liquid.tk'n

åScbc

ىX)V .Art. .Governors Ot board oi موأبنD

2 .ar. ١ .hed. ,Fund liquidate tO of $month i.x$ within Dccisian

7.8 .p•r .i ,hcd. ,defauil in p•»kiptnt by poid ot Distribution

S .r. ,I .ed. .1ion&ßJiqu during btercst or Paytnent

:(XXV)c .n. .rwtdcrs ot riehb drawing spcG•l )o Redemptioa

.3 .ar. ,E &Sche

p. .H ,ched. ,partiépant termiaating with Se1tIemat

and end Ot llocetions• of sLpcrgion Tempanry

()XV) .Art .emcrscnq an in trtnnctions

:intemational .LIquidity

7 S. ,VIIJ .Art ,memben of ColIaboration

7 S. ,"VI .n. tntemaümal

(a)2 rهp. ,D .hcd. ,of Supecüioa

•.currcacies •membcrz of nlue ot Maintcnance

li S. ,V ,rt. Generai 'ü held 4-Cutr-enU

)a tiquidation ot eveat in patticipanls of Curteocy

8 .ar. ,I Sched .Depadment Rjgbu

6 •. ,J .hcd. ,mcmbcr vithdrewing of Curtency

matugcment end Oteenization See، Manasemcnl;

.Dircctor Managb•tg

(٥)4 See (X ,AR .Boatd Exeative of

()4) •. ,X]I .N. .start ratingß0 of Giet

(؟ ,8 .C. ,IX .n. ,privilegeg nd. *lmmunitk

(a)4) .C. .Xlt .rt. ,Coven•eon of Boerd {o mecLincs in P•ttEpation

,righw dtawing spccial of canælblion OT licntion. ror Propos•ls

S. .iEI. .rt.

i ,CC. .XII .rt. .ros hoyision

Of Board by determi.ncd be tO setyice OS conngt Oi tetms and SuItry

(5)2 ,C. .XII .n. Govemmt

(a)4 .e* ,Xt1 ,Art .Board ExcÄi!ivc by SGkctlon

(4 .eC. ,Xtl ,rt. .Bonrd E.xecutWe or mntrol gcncr•l tO Subject

(a{4 S. .XIJ .Art ,Boatd Executi••c in VaIe

(a)(iv)) .. .XXVII .tl. .r•ngctions{ excbange SPOI for Margi:s

ed.Ci.

S .r.

Mee1ingc

,M.Xtl

.Dtrector Managlng by .Goyernon ot BoatO

4)4) .C.

An (h (e)2 .Sec XIle .n. .for provlsions ,Goeernon ot Boerd

(((XXI)a .

برا

$&Meetrrt

(tmntimud Mecüngi

(XXl)aXi .rl. .•(d)2 .See .XIJ .Art .quorum .Goyemors )o Board

م5 ٩ ,t. .D .d. .Coundl

•bccu BQ tnoint tO catillcd not by ,Board ExecutiE

(م)3 .eC. ,XIJ ,Art .Director tivc

.Xlt .Art .ßDirectO ExecutWe AItemate by participaüon .Board Executiyc

(e)3 ,ee.

(XXl)a()ii .n. .hY)3 .Sec. .XII .n. .quomm .Board Ezeanive

:(TcrriLorics members of ,Hotdingr ekc (

(b)2 Sec XXXL .rl. .date eqective of

,XXXI •. .*ål tEmbcr•s with eccordane in membcnhip og

(a)2 .C.

«nmc•ü ,stalus thc law of :term in effeai-vc m*e tO by Acüon

10 •. .IX .rt. .Fund ot privi'cgcs end .aities

i S. .V .An .Fund wich dealine Agencies

S mcmber tO riBhlS dnwhg speci2l ot All0Q1ions

Ø)2 S. .XV]]] .rt. ,perbd basic ot 31an rterø

( م))VJيX An.. ,by accep{ancc ,Agreemcnt tbe CO $Amcagmenl

.D .hed. and .Ahernates ,Councillon ol ppointment*

(b) (e)1. .p«r

8 . .xn .AtI ,mcmbcrs IO Fund )o views of Communicefion

:(٨)17 c؟ .V .rl. .o-lrreng iu of hYßImeat in ncmbcr ot Concurtence

(ذii))6) S. ,XII .t.

(e) .(٥)3 Scc .lll ArL .CUt•rcnq ßi )o tN in member of Cmcurrence

:(6C()iii S. .XII .rt. ,•(l)i S. .VII .An A) .(c)I2 ,6 S. .V .At1

()7) .r. .B .hed.

2) •. ,CII .rt. .quota of ch•ngc tor rcquired pymcnt and CascnI

•agrte !irucmøtiona exi$ling rcsarding 'mcmbet bctween Catsun.cims

6 S. ,VIII .. .men)s

,B -Sched iii(;) (ii)))12 See. .V .Ar1 .bencfit rot BOW ot sak ,DeveIoping

(&)7 .r•.

S -See .VItt .rt. .Fund by tequüed ntormetion)

,XXXI .ATI ,dcpßit ,Agcecmcnt lhc of of lcstrumenn

((6)2 ,1 .Sec

م)) .C. ,XXXI .rt. Z; •. .rr .tt. ,tor of .New

any og nod applied be IO attangemcnls exchange of Fund tO Noti6cation

(ه)2 .ee. ١٧ .n. .nangementS• lhcsc in changes

(ى)XXX) ,htl .dennition .I"S 311 Augwt On

in distribtrüon go}d ,mcmbers Ocyehping .1975 .31 Agguq (•Q

(2V()iii. .Scc. ٧ .An ,quoe•s IO

ع)12 .Scc.٧ .rl. ,quotu IO proportion in salcs go{d .1975 ,31 August On

(n)7) .ar. ,B .hed.

.D .hcd. .sak dأoع or rorstsم of part of lr•nsfer .97S. .(3 Augusl On

(b)7 .par

ert)2 S. ,XXXt .. I; .#. ,II .tt. Origiaai

tQ allowcd rnmbcn or meeiißF Board Ezea:tive t• RcpreRMB1ion

(XXIX)g .AR:. (زj)3 See .Xlt ,rt. B; S. .IX .rt. Ditect0ft ٩

لي

mem&n of OYiradatu

(comtinued) Memben

٧ .rt. ncr•iج Fuod's عك to e.dم of

(زb((i)3) .S•E

(b) See .V .m. ,Fund by edmin@lratfoa .by @ntributed Resources

.trod. ,Departmeot Rights Dnwing SpeäaL in participme tO Righ1

i) -An

2..1 Sec ,i. .rt. ,Agreement or Anicles of SignaLutc

Ct e>;)2 Sec ,XXVI A. Scc ,XIV Art mmpuLsom ,WithdnwaI

(i)(طXVIJ) Art I; SR ,>OCVI ,Art ,right .Withdr•w•i

Dnwing Specid parlkip•tion of terminatfcn sime!taneous ,W1thdraw&l

(ط)1 .Sec .XXIV .rl. ,Dcp.rtmcnt Rie_h1S

oft dbposcd cgncncy )0 untatricted )o suar•rrtce .Withdrawing

tO .7 .t•. .J .ed. .Fuod IO Withdnwirw

J .bed. 3; Sc= .'X.XV .rt. .nts. of gttlement &Wichdnwin

*:pumo Fund's ,ßE0Ä&tNB5 current for pyments Of 8ler•tl!Multi

(R)/ ,AcI in ANiS1

3 c. ,VIII ,n. ,avoid O) of obligation pfMicest MghIp2e

(V مA .conceming infoma:ioa of .income Nationai

(a((vil)) •.

tights dnwing SFial 5G ribhts dtswing special {o Negativc

$'righ dtaving SFi.l ee* rights; dnwing speciul of ajbcation cumuhtive Net

.. ,XEJ .. ,ircome Net

:cvgatries Non•member

(i)3) Sec .XVII An.. .righ1S dnwing (•speci of holdcn 01her $' hcscriplion

2 .eC. .XI .rl. .wilh tratsactiorts on Reslrictions

,O)Vlt( Axt 1; S. XK .Art ,ilh* rchtiom cprding

(ii)(4)( .Sec

Dep.ttmct1l; Rights Dcawiag in Noa•.pDTticipan:s

Of currenäes vi'h right5 18üdrow s>eci.l in paynble obligsüon of Dischargc

2 .r. .B .Schcd .Fund by otber

و cunencies bt inetetse quo{a ot p•n ei8hts dra*ing qxdal or Payment

(a)3 .Sec .lit .tt. ,ßmembC cther

(i)) Sce ,XVil .rt. .rOhts dn•ing special {O bolden othcr B

.•members af ßObtlgati0

3 •. XIIL .rl. .ßO. apinsl gutrantee IO obligation .Fund ot 'Asset

ذ S. ,VIII .rt. .*pr"ia n:rrcncy dbaiminatory )o Aroidancc

2 .Sec .VIIL .An eurrent oa tettictions of Avoidarwe

7 S. .VIII .rt. .OZN.S tßerve on pti±s Collabor•tion

n: PTOmoCC and arr•ngcmcnfs cxchanse osderly ssureø tO Call8botation

•. ١٧ •. .t«ta exchange (a tem؛ blc

هF by cunteillancc ,atnngemmtS exehange regarding Compliance

•DYCC !lternzlionaü مأ وregardin 1bct8Änt bclwtcn ConNlt•tion

6 .Sec ,VIII A.rt

iOl

يمسح

ان

وى

ا.

mben*' ef هامع زاا

(continued) memben of Ob)i9tions

4 .Sec .VIII •. .ba!anca forein-hek of ConvertibiIity

.VIIi .ft. ,requircd pprov•l• Fund .arra.ngvttwnts CDrenCY DÉcrirninatory

3 .eC.

9 .r. .ed. IV; A. .rre-*ments• Excå•nge

3; .eC. .XIV .Art 6)) .Sec VL .tt. 5: .C. .V .rl. ,tultill IO F•ih1te

2 S. ,AVI .ArI

S .Sec .VIII .Art ,iaførmacian )o FurnBhi08

د S. .VIII .Aet .quircdæ Multipk

of arrangemcntsor transitionel conxrning Fund tO NatifratIan

L S. XiVs .rt. nd• ,3 *2 See ,tl. Article

Xi .tl. .wun)t•ies non.mcmbcr with Rela1ims

7 .Scc ,V .rl. ,Rcpurch•se

7 S. .VIII .n. .tegarding nIicEs .atS4S Reserve

ar Fund CUtrenl M) tnnsrers ndø paytmnts on ResaricLbas

(٥)2 S. .V]II .AN rcquitcde prov.l

:Oepertment $Right 8"Dr.wi Spcci.I ia purödpanll of ObIigations

2 .C. .XXIII .rf. iulfilL tO F8iiure

XXtL ,Art .obliptions General

5.7.8 .1 .t. tt .Såxd .Dcprtmcnt RiehtL Dra•ing Spec>l {O L@uidn'ion

S .ee. .XX .Art and ,eherges ,inccresl or Payment

G Sched م)6) c؟ .XIX ىA. ot Recmsütutbn

a)3) .Scc .XiX .An ,need ot Rcquirement

H .S±ed 3; »S .XX)V .Art .emen1üE1 .parficipation )o Temirmion

dnwing spcdal tzing ptrtZfpnnt IO currcrry usabåc •fr•ccb proyidc To

S. ,XIX Art .Fuod by designation oa rights

))2 .c% .XVIII .n. .rights dr•wing speciBI ot nllocations teeive TO

i .Sec .X]II .Arq ,of .Of6czs

:transaclions tnd Opcratiom

(XXXU .ÄA :(l)b .C. ,VI .Art %tratwacti0 Capitai

.Dcpartment Rishts Dnwlng Specia2 and Dcp•rtmett1 Oeaenl by Con•ducc

XXI .An (ii) (ii) .N. .inirod

XXX)'O .rt. ,tr•ns•ctions Curren1

(XXl)a()iii .Art .rcquircd .Lfle»ing Dccisioru

,riÜLts draving in opcnLions and transxlions ot Defini1ions

)XيX •.

(XX>))h .An ,Fund of and tratsaclioas of Dcfinitiom

(XXI)b .Ar1 ٩ . .IX ,fl. ,tnes fCM•n lmmunily

٧١ XX .An 2; Sec ٧ .n. .UmitMions

J ,2 Sec .!XVI .rl. .rights drnwi0E of holden O1her

(a)7 .e. .XII .An bt'temenle of habtiatioa

.Depart Rights Dtqwing Spcciai and Depanment General of Scpantion

.Sec. .XVL .ÄA .•(iii) .(ii) .Art .lnlrod .ment

(XXX)t .Art XtX.; .Art 3; .2 .C. .XVII ,rt. ,rights drawing Spccial

.XXIII .Art .Asrement tbe gr certain ol susperuion Tcmponry

(o؟ .ar. .D .hed. l; S. .XXVIi .rl. 1; -Sec

iC2

&Rizh1 De•+e Spe6d

(eonringed) tr•nswions end

,D .d. ,•XXIII .n. ,rights dreving in .)O gwpeßion Tcmpqrary

(a)3 .ar.

tO deci'ion tr•nsaclions 8Dd ßopcnti0 of suspension Tcmpqrary

(a)2 .C. ,XXVII .An .Fund liquid•te

:man•jemeat and Organization

2 Sec ,XII .n. ,Govettwrs or Board

S. ,X-n .rt. .mbcn. IO view•x Qf Commuoicaqion

3 Sec .XJL .Art ,td*B0 Exccu1iyc

I .Sec .XLI] .ArI .]fices. Of 0Q1ion.L

c% ,XII .Art .szaft and Direaor Managing

7 Sec .XII .n. ,eeparls ot Pubbc•tion

(XXl)b .Ar1. •.IX ,Art ,privileges tnd .immunities .Statts

l Scc .XII .tl. Fgndt of S*tucture

5 S. .XIK .rt. ,ßmembe of Voting

:(tates Exchange amngemcnts; Exchnnge g&o (Q vahet par

i .r. ,C .chcd. .«4 ..Sec ١٧ •. ,establishmem for Autbority

7 .6 .ar. .C .hed. (VIII()((iiiيX). .rl. ,QLnge

4.ar. ,C .Sched .Fuod by Concurrcoce

8 ,7 .t•. ,C ,d. fuLfitI IO Fai(ure

.nlucs 'P8 stable ar videgptetd ot lntroducüon

١٧ ,An

اiدe IO has nlue par cuntncy wbose for membet by .Ngw

10 .ptt ,C .chcd.

.d.C. aXW(;). See .XXVIJ .TI. ,matgim ,*trtruaclion ezchangc SPM

5 .ar.

8 .par ,C .ed. .TcrrniD"bon

lt .r. .C .ed. .chanecs proportionate Uniiorm

7 .par .Sched be CO ,UnrcaiStic

of ObIig81ioas abo @ee Dcpartmcot Rights Dravi.ne d•l* ia Panicip.n18

Drawing SpcciaI Departmeot; Righb Drawing Speci.I in purtkip:ots

:(Deptrtmem Ri8hts

bsic a 0f siart aaer perticipants become thDi members IO

0)2 S.. ,XVIII .rt. periodl

5 .4 t؟ .XX .ft. nd• interest of payment ud nssegmenu

O) •right drawins special )o cancellalbo and aliocalioa fot uppo»t• Broad

((4 Scc ,XVIII .Ar1 .ascetuined be

t*t.CSi exch.ngc dctcrraining fot pmccdure on Fgnd wilh Cmsuit.tioo

(e)7 See .XIX Art

١ S. ,VII. .rt. .De@ition

E .Scc. .XVII ,Art ,underl.king of imtrument ot

.recomtitu »fo rights dtawing pedat، eqgirine for ml.ngü and D4ignatioa

(a)R)١) .r. ,G .Sched .tion

(.spcci with curcncies rcplcnisbing in paid bc CO rcgard due ,l(csignation/

(I)i .Sec ,VII .Art ri8htst dnving

(e) .Scc .XIX ACL .revk•w .rulw D»ign•tloo

'Repød

Rijhg OravIJtg Specid PG.k•tpana

lr*x

(cvntlnged) 1ßDcpenmc RW"S DrawiD8 SFdal in ean}cipants

.XIX AxL حاطsig dtaög spcgi*i tor Currtnq proyide ta Design•Goa

F .d. 5: •)4) .Sce

(ط •Se ..XIX .n. Of requircmcnt og e1Fd8Rion tO FaiPute

م)) .Sec .XXiII .n. (a)ii)5) (c)

(2 Sec ,XXIII .fl. .arrenq provide tO obliption fulfill tO F•iIure

مره

of liquid.lion in distributed CürrenCY or use mrestricted or Cuaraotee

8 r.. ,i .WÉd ,Dcp•rtmcnt Righ11 Drav{.ne Speci8l

3 .XVL ArL ,Fund tO 0Yidedß be IQ lnformgtion

()2 ,XV}II .n. ,ßrigh dnwing pecial، of of Nonreccipt

,VII .rt. ,tights dr•wing gpeciat for provide tO Oblig.tion

(4)2 .Scc .XXtIl .rt. .Sce .XiX A. .•(l)ii .Sec

2 S. .XIX .rl. .partiåpants bewecn trzcsa•ctbuns and Operatiotg

(iii). .Sec ,XVII .ß. ,holdet•s ptcsaibcd with tranmctions and ßOprati0

.Schcd S. .XIX .rl. ,obiigalioa

( .See ,XIX .Ar•t .need of Rcquirement

tO og scttlcment ln AITC.tg • provide IO Fund by Sp$.ned

S .XXIV .rl. ,penbcipønt teminating

H h.. ,•AIV .Ar1 .pankipution {o TcrmLna1ioa

tnnsaetion Cucrent ptyments; of BnI.occ »$ P•ymcnts;

(ix)(5 .»S .VIII .Art ot ,.indices

.v•luw per IO in cmsideration movement.st ptice

Sec4 ,IV .!.

١٧ .Art .toward poliCies direA tO member of obliENion .stabllity prbe

5)1. .Sec

priviEeges .immunki•es ,SLAtus ر ,•PriviIegcs

geacral Fuad*s of Use e، cwhange; )o Purchse

:Fund )o

.ttain. promote tO rlghts dtaüg special ot anceliztian and All0O1ion

(٥)I S. .XVIII .rt. .ment

(ذb()i)1 -Sec ٧k .rl. ..wtth in movements Capital

,XIV •. .pobdes exåange ore;gn) ia mcmbers by teg•vd Contimnus

2 Se=

,C .SQted )2 Seg ,IV ,Art witht c»üteot ,trtengements Exchange

•re of dministration. inctuding .Fun-d of servies and financi8I

٧ «Art ,2tPSCSß wiLh mßisacnt ,members by contribuled

(b)2) ,Sec

A. .by guided be tO declsi-ons and policies

i .AR SLatcmentt

5 .Sec. .V ArL .to onIrBfYø manner xü &reSOUtC gcner•l •Furd /o عول

Mcetinp SW Quorum;

:Quotøs

2 S. ,III .rt. ,Ad}ustmcnl

«•quol member•s chunge with dealing provisions modi)ying Amcndmcn1

(xxvlll)b()ii .AN

يسهرطمهرwنمر لف

لي

(continued) Q001as

.XV1tl ,Art ,rights awingå speöal ot eamellgtion and allocathn ror Basis

(c()üi)2 •.

(4)2 .Sec. ,lll .n. ,change tor requircd acd me±r )o ConsenL

(e■ -Sec .Xti .rt. ,tO proptlion in incomc oet of DisLribu•,ion

(4)) Sec (X .Vt Art ,LO 'b tCEtye gecer•l Of ptl or bistribution

members dcwloping IO told Of salc ftom $p;weed {o p•fl )o Distributlon

(ط)7 .r. .B ,•(iii) ()12 ,Sec ,V .lt. ,to in

a)2) Scc ,fll .rt. .ye•ts five thøn mOE not of interyaB at teview Gcnenl

,K S.s. .nd. or liquidation OI cveat ln exlenl futt to lncteu

(d) (b) (٥) S. ,lli .n. paymet1Lt ,IocrCÜe1

A .hed. l; S. .llt A. .members Oi8inaI

l S. .III .Tt. .membcrs Other

(a)c)؟) .e. .V .Art .remunetation IO appWing

on mcmbcn wete hat) members tbßC fot MY tø incre•se for PropostI

(b)2 Sce .KII ,fl. .I"S ,31 Augtgt

,B .ed. ( (12) .Sec .V Art ,tO proponion in membcrs IO gojd ot S•le

ه)7

:rights dnwing special of hoidings of Rcconstitution

tO Axouat Gcncral frøm rlghts dttwing special )o Acquisition

(٥yi(1) .r. ,G .Schcd ,obfigation tulfill

2 .ar. .G Sékd .rules wtth eomply IO FaiIure

(iv) .(n))i)1) .r. GS .ehed 6; .Sec. XIX .Tt. .prlicipants af ObIignion

(a()ii)) (3c) .Sec ,XLX .Art ,promote CO desVntion tO subiect Participants

(ة))! .r. .G .ed.

•. .G .ed. baslc fiN1 during Ru'es

(6) .Sec XIX .n. .timc ny• at revicw ,Rulcs

:positions crediLor 'membets on Remuncrniott

Ar٧. .curre:IEY OWn in or cights dnvins SFci.l io Paymcnt

(d)9 cc..

quota mcmbet's 8 or prßgibed ybkh by amoqnt on ftymerrt

•Cur membcr's lhc ot hoidings Fund's of bal.nces *dai AVGt78C $exeeed

.eC. ٧ .tt. .tcnq

9 .Scc .V .Art .elcubtbcn O) applying quOta Of

.rt.V. ,dergcg and interst ar r8tC O) tclatioa and dctcrmin.lion .of RaLe

(a)9) .Sec

currencics Scarce 3ee .*wrre..O or boidinp Fund's ot Repkoahmcnt

:Reportt

(a)7 -Sec .XII ArL .report Annual

(a)7 S. ,XII .Ar1 ,eounts# ot Auditcd

3 -Sec ,XIV .rt. .nnuti• .restrkllons Exchange

Z .Sec .VII .n. ,XrrencyÄ pzrlicular ot scatci1Y GeneraI

(b)7 .ee. .XII .Att dcsitabtce dccmed rcporls O1hcr

105

عس

هرا

-١ !

أز

(tcontiued Rcpons

ecommic t١ tcgzrding IO &mn report of Pub!k*tion

bal•nce inlem•tional in tO lend which emdiiions

S. ,XtI .rt. ,paymmts or

spccial of holdings and trzns«ctions and operB1ions of sta%cmeat Summ•ry

(٥) S. .XII ArL .currwxies and ,go}d ,righls dr•wLng

:Fund by held of ÄReøarBiU

(م) (4) .()7 .Sec ,V .Art ,resngchase for pcriocb Oi Ch•ngc

.XXVR .rt. %b(.-O)7 .Sec. ٧ .Art .repumhue goyeming

_B ed؟. (ذ)(I)a) See

( e)7 .Scc ,V A. ,charees tO subiect and purchasc by oquired not Curreney

,V .ft. ,charges O) ub}ect. ßholdirt time nny t' repurchase tO b1i1lemenL

(ز)(4)) ec .XXVIE ArL (م(7) .æS.

٧ .Art .øldin. sÜFV1 on øcharg ,reqgired tepurchasc make LO FoiIure

(e) .C. .V .rt. .period durinc prescrip•im .ln•tellmcats

(ى)7 .eC. .V .rt. .Postponemcttt

rø töopqion .resourees geneml "Fund of ug on policy special a LO Punuant

ى) .(4)7. •. ٧ Art .petiods other

(h) Sec ٧ .tt. ,repurchascd CIOI of boWinp Fund Ot SeIc

(l)ahi .Sec ,XXVII .n. ,wspcmion Temporary

B h.. ,ptoybiom Tcanailiona1

,Art.V Fuad1 by spccincd curteacies Of 'righl drawing spedat Wi1h

Ö)7 .Sce

:need ot Requirement

٧ Art generøl Fundis from currency ot purthase FOt

(b()ii)3 .Sec

4)3) .Scs .XIX .rt. .i8hts. drauing special of عu For

•.purchass tranche Resen•e

(نثi(6)3 ee؟. ٧ ,Afl .t5ourCCS cenetal Fund's )o we *govemik Cgaditions

(ي)) A. .Dcnnition

3) .C. .V.. .cb8Lleoge tO subieci NOI

i)(8٥) S. .V At•t .harge. Sen•ice

(ua()ji .Sec .XXVit .Art :2 .ec. .Vi A. .transrers capitat mCCt IO Uk

:Rcscrves

-re other tnd rights dnving special of hddlngs or relationship 8aianced

(٥)1 .G .hed. .rves*

and lloatioa• on deetsiotu i'ü cottsidention .plemetlf. IO need Ghbal

S. .XVCII -Art .righcs dnwing speci&J Of cancenalion

,vrtr .rt. .LSSCt principaJ right dr.øing speci.J making Of Ohje»lve

Sec7

كاssه teseOC on polkies rcgarding IO of Obügatioa

لا

S. .VIII .An

•paniciprnts tO relation .mition.

i)5٥ St-e .XIX .An

مسم ك

لي

ذ.

.currepcy ptos•ide CO desiyntion

A»o%t DüburseæRt

*#?1(

(conffnugd) Resetves

٧ ,Art .sold be tO currenöes of seEection in a»ount ioto t.ken .PosiLion

4)3) .ee.

ط7 Sea ,V .tt. ,.imptoyes position 3WYGß $a expccted Repurchasc

changbg )Q solc fot OOI rights dr•ving SFial in Tnnsrtioct:s

م)3 S. .XLX .ACI

:Fund ot Rescrycs

(4)) c؟ .XEI .rl. .distribuGon ,rescrve Cenenl

(a .C. .XII .rt. ,re-SCNe speüi Of gcnerzl IO inmme net of PIaeemcnI

(b)6 Sez .XII .rt. t. .rcservc Spgcial

Exchange ee$ .cransrers end payments on ßRcstricti0

-Ex and .Councii ,$Goyemot ot board by bdoplioa ,Regu(acions and RuIcs

(a)5 .t. .D •. ي)2) .C. .XI] .n.

currencics arce%

S. .Vil .n. .testrictiors of 1ion*Adminis1r

5 .. ,VEI .tl. .tcstricüons on greemcn1S• imern•tion•l 0Lher of Eftcct

•mem enother ot currcney IO membet of entitlcment tO Exccpiicm

(4)3) c؟. Vt .rt.

.mcmbct :withdrawin IO duc itßlallrnenl of payment Fund IO Excep1ion

٦م .J .cd.

CUtTCnt OII renricüoas CO nol ot ta ExccF*ion

ه)2 .CC. .VlIt .ArI ,lr.n«mions internuianal

by he}d arreney of bBIarres buy tO mcmbcr or obli&ation qo Exces*ion

(b()iY)4 .Scc .VIII .d. nnothcr

(h) (4) .Sce .ViJ .Art .Fund by eclsrtlionö Fomtl

.Sec .ViI .rl. ,hoådings Fgnd's tepienish tO Mcasurcs

rtiNI•t.م • of carcity• gcrrr•l on }membet tO repørt and Notificaüon

2 .CC. .VII .tl. .curenCY

:Sccuri1ies

(ه)ىلاي A. ,ings. Fund•s in tnctusioa

.XII .ArI h(;)J2 S. ٧ .n. .ßobligati0 m.rkenble lnvestment

(6O)iii .ec.

.Scc .OI .rl. ,cutency for Suh1itutioa

S S. ١٧ Art .terrilorics mcmber's a within eurren&s Sepante

•.A»ounl SpeciaI

٧ ,Afl .quola tO relating computatiors in IncJuded noE held Currency

(c)I0 .Sec

:bJ)2.c. ,XXVII .n. ,member wilbdnwing )indebledneso Of DiRhtrge

7 .at. ,J .hcd.

(a(tii)2 .r. .K .hed. .Fund )o liquidation ot eyeat in $as$Ct of Distributbn

/)2! e؟ .V •. (ii) .rt. .ntrod. .Dcpanment GencraI in Es•abIishment

}i)I2 S. ,V .Art .eimbursement،

,J .ed. .member withdr.wing (o obligations or currcncies of Ho'dings

exæed tO nOI 1975 .31 Augwt /٥ æ ßmembe Of æquot lncreae

.JII ,An .Acount Reøutus GeneraI IO thcrerrom transrerred amounes

(ط)2 .Sec

107

يعسس

ال

ÄtrW

(continued) Aceount Disbuæment Speci*I

(h)i2 .Sec ٧ .rt. .hc'd WtretKY of lnywtrn•eat

/)12) .Scc ٧ م...

iavestmentt ot rcduaion on lnvenment trom ot

ن)/6) S. .xn A.

tO prior terminatim upm irwestment from E•eU or Transret

(6O)Yiii .CC. ,XIJ .Art ,Fund )o liquidation

{o fgr gold of sale after d•sition LO subject asets !0 Ttattder

7 .Dr. ,B .hed. mclübet%l 18Üde••clop

•Ac Rcsourczs Genera1 tO member•s withdrzwing !O Tr•ns)et

r.l. .J Scbea ,Qmt

,rightr dr•wing speci•l on lnterett Garga; g&o see) rightx dnwing (SpcciB

.DcpartmentY RighIs Dnring SpceiaI

(XI)a()iii. .Art ,Account Geneml in hotding aad cptanceÆ*

.B SchecL .tigation± dbchntge IO :p•nicipan lermioaling by Aqußition

2 .r.

(l)a()iv .t. .G .hed. .tequircment untl) tO AequHitioa

(a)5 .par .D .Scbed XVIR; .Art .cancelialion and Alkration

1 .e. .XV .Art .albcation for A'*th0fity

(ط)1 .ar. ,G .ched. ,r=etYQ othcr wilh rel•tiorrship Balnnccd

.2 See .XVIII .Ad .carxelEsLion and alloegqion tor periods Ba.sic

7 c. .XIX .rt. ,p:rticipanB trang•ctions for ntes Exchange

(ط)4 .(o)2 (b)1 Sec .XVIII .An .al(oate tO Ftßt

2 ,Sec .'XVI .Ar1 .holdet g• Fund

(XXIfb .ArI .laxgtbn from immunfcy

-Dcpan *Right Drawing Spccial ot iiqidation during ehargcs and lnterest

5. .pat .t .ed. ,mcnl

iii))) .C. ,XIi .rt. ,in denomimted obligatiøm مi lnvestmgnc

:(ز)n)5 ((3) SGG .XIX .rt. )2 .eC. XVtJit .Art ,—btbnc Negntivc

(XXX)e .Art .defini$on ,llocation• cumuiative Net

ه)4) .Sec .XIX .rt. ((iii))) æS ,XVIII .Art cumulative Nct

:(i)(ه)1) p. .C -Schcd F(o) .hed. ((-(XXV .rt. .2 Sec .XX .Art

7 .r•. )I .SctEd

(e)2 Sec .XVItl ,rt. ,(out o;*ing) ot Non.coepqaoce

n)) *bac 0P1ing) of eliect ot ,ilccatioa. )o

(e)ii)2) S. .XVIII .An

tiBhts :dnvin spcci•i fot Fund t0 CufftnCY jtJ selJ tO membcr of Obli8btion

ii)) .Scc. .VII .rt. .Accoun1 General in betd

XXX)O .Art ,dzfinition .in $Opcratioet

.XIX .Afl desipalion IO prcjudicial $tnasacti00 Opentions

(4)2 •.

.3 ,2 Sce ."XV .n'. ,boiders O'hcr

•,JII .rt. qödt; IO cozécilling mémbcr t0 *b Payineat

e)3) •.

(4)4 .Scc V١ .Art ,.belancc forev-betd of putch•x in Peymcnt

108

أى

Ä'Depa Rth5 tg•Dmw0 لمم؟

lMox

(cvminged) tights dnving Special

,C$CNC gener.l ot ßpa Of ineome net Ot distribuüoa tor *.payment

(e{6 •. ,XiI -An.

MII .rt. 7i S. ,VI]I .n. re:serve PtindpoI

,caneellation nd• noation• goyerning cotßidentiona aM principles

1 c؟ .III. .Art

.tl. ,particip.nts or obligetion Ptopec

ot currencics ot purchase making partkipant Lv proyisiou

م)3). c؟ ,V .Art ,memtxrs

6 Sec ٧ ,rl. ,Ftnd by szlc 8Qd eurcbase

(4) ,(c()iii)4 ,3,(b)2 Sec ,KVIII .Ar1 and albcacioa ror Ratea

.Sched :6 Sec .XI.X ArL of Recotu$itu1ion

3 . X. •. ,haldinp in chanzes o] Reeotding

'Right Dra•ing Spccial of quWationü or eyent Fund by Redempqion

.3 .l .ar. ,I .d. .Depanme01

.XXSV .n. ,parlkip•nt lermlnating )a h0lding or Fund by Rcdcmpläon

l .r. .H .SGhcd 6; ط)2 .Sec.

(4)3) S. XIXS Art ,need or Rcquiremcat

(XXX)c .Art مل trancrx Reserve

,æholdin Fund nd. etanswicns and opcratims )o statemcnl Summary

(4)) .Sec. .XIL •.

nd• operulloas Dnd caneetlatiots OT ai(oalions !O su•pensim Temporaty

(XXV)a .Art ,ltaosactiom

(XXX)\ .rt. .dcfinition م:

• or repurchasc Ln Fuod tO gold pay tO obligalioo of ge:&& ior Uw

3 .2 .r. ,B .d. .subsa•iplion

(a)3 .Scc .lil .tt. ,inaense quola of petænL 2S ar paymeat for *U

(8 Sec .V .tt. .essmengß& and .$#üch .inferesf of iot *U

3 ,(Z)a .Sec ,XXIV .tt. 5: •. .XX .l.

(4(9) Set ٧ .rt. .remuocration of f0T uc

.See ,VII .rt. .holdings *curren fot use

(،)7 .. .V .Afl ,—rtsnrchas fot Usc

l .Sec. .XIX .An .Sec ,XVJI .N. .lransaaions and opcnlions in Use

2 .Sec. .XIX .. ,partidpams beLwcen trans•ciims in Use

•P8r tcrminating by 1B.ab!e freely or CUrrert5 OWO obtab tO UE

I .r. .H .hed. .G6pan1

(b)2 .Sec ,iV .Art .or ßlcrr ln currency is {o member by Valuation

.3 .C. ,B .ed. () ,(e)I2 Sc= ,V .rl. .gald of erms) in Vatuation

(o((i)2) .ar. ,K -Sched

(XX»a()iii .Ar1 .Sec ,XV ,A1t .method .Valuatbn

li .IO •. .V .Art ,of terms io aß•ets Fund's ol VaIuaLion

مi partlcipants )o ObIigatiorrs aEso @ee $Right Drawing SpeciaI

Draving Speci.l in ParlicipanB Righb Dnwing !Sixca

•.(Department Rightt

xxf .Act :XVI .rt. ,AdminifIration

(b)5 .r. .D Scbed ,decisions CounciI

1 .C. .X"I .rt. ,rore into Entry

109

DQütmenf Drawing Spe•ckt

(eontinued) Depanmcnt Righ'.s Dnwing SpceiaI

i) (ii) .Att tntrod .opecution and Estabiishment

.Dcpartment GmcraI tO reimburscment .bLiness condueting or Expenses

3 Sce ,XX .Art ;.2 »S .XVi .t.

XXIi .Art ,pnicip.nts ot oblipüons General

(XXI)aXüi ,Art ,tO rbting dedsioets {O lndintion

3 ,Sæc V) .An :XX .n. and lntcr—t

I .Sched ,•XXV .rt. .UquEdetion

(a)3 .ee. ,iJt .Art .changcd -re. quotu when p•ymcafb •Noa-p•nicipants

١ S: .XVI .rt. iiiX)' (ii) .rt. .lnttod ,ltaasadiom w« O*rmiong

2 Sea .XVII .rt.

(ii) .rt. .nlrod. ,patticipalc tO mcmben ot 11*Ri

.XVI .rt. ,iii>) (ii) .rt. .nttod. ,OeptnmcnL '.Geaer from Separ8lion

unrccseen or of eycnt in opcrati0N of uspension، Temponry

مملاسمم مهمةنىnى7r

i S. .XXIII .Art

H .ed. XXtV; .Art .panicipation or Termination

Fund )0 ßRecN set fC*TYt; (&Speci

.Schcd (I)a:v .Sec .XXVII .ATt .trnnst<ions cxet•ngc Spc

stabiliry Ezchange See ,•StabiIity

I Scg ٧ AtL ,Fund with dealiog IFCY ,fund Stabiiiaüon

:Staff

(4 (4) .Sec .XII •. .orpninlimt and AppoinImcnt

(4e) S. ,Xtl .An .Fund IO Duty

(b)؟ .8 Sce .IX ArL ,privitcgcs and lmmunilies

,XEI .ft. .ßla، operating or IO Ditec4ot Managing

t S. ,XII .n. .tor ProvBioa

.•arr•ngements S1and-by

(Mo)R) S. .V ,Art .ffarge

(ط)XXX .rt. ,Deånition

(a)3 .Sec ٧ .FI. .ption$• ,Pobcies

priviiegg; and .immunilics ,:Sta1u

.r. ,C

(b)4 ج5)

Scc-..I .IX .rt. ,member each of territoties ln Fund tO

iO .ec. .IX .Art ,cerritory OWO its h mcmber cach by Action

6 .Sec .IX .rt. ,reslriction trom egcts or Frcedom

8; t؟ ,]X .tt. and officen )o privileses nd• immuniLks

5) .t. ,D .ed.

(XXl)b .n. 9: .C. .IX ,rt. ,tualioo fro:n lmmunitics

3 .Sec X.t' .n. .$$prOCC judlcial trom lmmunity

4.Sec .IX .n. .aqion alher from lmmunlty

5 S. ,iX .n. .archives of lmmunity

2 .c% ,IX -Art .Fund or 0ftBlity*pct Jutidicai

7 c؟ .IX .Att .eommunialions tor PriviEcge

2 S. .IX .tt. ,Fund or us SIM

•01u}Sgbseript

thc vha Goyemment U.S. tQ tracsmilted be tO AmounI

(A) (4)2) .C. .l. .t. ,signed

(condnurd) Subwviptions

dج(طلا وامى pay tO obfigaticn any )o I.J# dnwing speeial vith Disehorge

i ,ltl .Art .-•qt«t tQ Equ.l

.mznbers preriocs ot t.boce wifh bc tO lerms .mcmbers New

. ArL

I .Se .lll ArL .depository cppcopTiLte at Fund eo full in Payment

spccibcd members oårr of currencies .dghiS drgwing pecial، in PgymenL

(3 Sec ,II] .Art ,ARtrcncy OWn "membet or ,Fund by

3 .(d)2 .Sec ,JIt .rt. .8ngedå bre **quot when Paymcnts

l .par .K .tEd. ,liqgidation of CBSC ln Rcpoyment

lnlernatiooal arransemeats; e.x&Jange r، ,•æSuneiLl•n

:.tran••ctions or Sßpension

,XXVIL .Art. of liquidalion on dccbim pending cmergenq ln

(4)2 „Scc

,•I .Sec .XIII)( .Art un!oreseen or enetgency of event in

Scc.i ,XXVII ,Aft

,G .d*}. .reconslitut;ut o/ rulcs with comp'y tO fails Lhet Panicipant

2 .C.

.d.tuw !spccia IO rcsp»i wilh obtig«tions ulflll) tO ailcd{ has qhat Pankipant

2 ,Sec .XXIII .CI. ,tighO ing

KXIIi .Att ,tiÖtJ dtawiD8 Special

()XX .Art •. ,IX .Art ,trom .Taxetion

services tc*.nical and finaneiat ee:، Technk.a1

,Dcpartmcn1 Ri*ts Dra•ing SpeciiI in panielp'lbon oe Termination

H ,Schcd XXIV; ,Art

:•Tcrritoric

ى)2) .CC. .XXXE .t1. .ot tespecl in Agrecment the of Acccptnnce

IO Sec .LX .rt. im Fund ol tmmunilles

haying member ot terriloeie within transacüoas cxchange SPOI or) Margins

5 -ar. .C .hed. (a((iv(1) S. .XXVIL .H. ,value par

.XXVII .Art .1 .Scc XL .n. .ßrton-membe ith* Tttnsccliom

(t)a()iii See

()2 •. .VIII .rt. ,in mo1rüCtS exch•nge or Uncnforce.bi1i1Y

(ii)). .Art ,grawth bal•rrcd nd• expansion or r•cilit*lion ,imematioaal .Tndc

tnnsacti0N and OpcnGons tee :Tnnsactions

•.rtensementsø Tnnsitional

.ee. ,XLV .n. .rc$tgittions exdmge on rcprt A.nnual

3 .ee. ,XIV .Ari .*forc in re*ttictioos on .annual ,Consult.tions

,ltansrert and pyments on Of JdaptMion end M•intcnanct

'2 ,Scc .XLV .ri.

I æS .IV. :Ait •.åFutt LO NotifiQ1ion

{O purposes with restrictimu Cn Fund by ßRcprecnt2Ii0

.rt. ,Fund

J ,2 ,c% ,XtV .rt. cxeh•nge of Withdnw•L

additional or peymcnt ,repyrchase IO wiLh ptoyisiom !Tnnsi1iona .

B Schea ,ßm•tte opemtional• certain and ,go4d

IIO

لي

ه هحم،دممسسه سسدد سحصسسه سمسبم

لا

م ه صم

il•l

إ؛

Treas•wy

k•<u

i S. ٧ AfL ,Fund with dealing 8Frry .Tre•sury

ahoution w" intemb Or rates in ch•ngc mzjor VncmpcÄed

(4) (ه)4 .3 Sec .VIII. .Art .righls drawing speciBl of carretlation or

d؟ a))) S. ,XXVIt .An :I Sec .XXIII .rl. ,circumst•nccs Untotaeen

o)5. .ar. ,D

:Govemmcnt SL0tes Onited

(a. .Sec .XXXt .Afl ,w{th of iNtrument ot DeposiI

ond Agtcement thc tO signatures or mcmbcrs all inrorm tO ObIigation

عىهeمex administntWe rot ,IO tnnsmilted subcription ot payment ParIial

(h) ()2 S. .XXXI .rt.

:(lraruactions and alto geneml Fund's /o عول

(X)c()iiيX .ArL .IO contribvtiorg of nnandng .internatbnai ,stocks Buffer

.XXVIE .tt. o)2) .Sec .XXVI .rt. :2 ١ .Scc .VI .Art .lrntsteru Capitøl

(l{a()ii c؟

(a()i)1 Sw .Vil. .rl. :8 .5CC. .V .n. ,ßtS•.

(XXX)eKi .n. ,noctuat;ons exprt )o fin•ncing

(i)a({i t؟ ,XXVII .Art 3; c؟ ٧ A. عجن goveming Conditiona

.Art.V and policies .rcpurcHE%s in used be IO Currcncics

(1)7 .Sec

7 .p•r ,C d؟ .objeaion Fund eapiteö v.lcr p*f in ctmnge .lncligibihty

mcmbca deyeloping tO sale gold {O of d6tribution .lnclijbifity

(i)) .(e)l2 .C. ٧ .Ati .ueS» eligibililyö when

of baEanccs bu,y øt obliætion tO .tneligibiljty

(٢)ط)4 Scc ٧١ .A)t .reney

(a)1 .Sec ,Vt .rt. S; Scc ٧ .rl. ,obllgetlons tulüll tO railure .tocligibility

(a. Sgc.•f ,XXVI .An .D)2 •. ,XXIII ,Art

3 5: .XIV At*L .ÄretIricti0 m.intaiking in persisls member lt tretigibility

(Xb((iv) •. .V .rt. .Fund by decl•red lyßprevi04 not .lnctgibility

.chcd. .objection Fund dcgpite valu-c pat )o letmin•tion ,Ine!igibiEity

8•.par

,V .Art Fund's tO eonltary of WC of becsuse Limi1m1ion

5 .Scc

(4 (e (هلا .Sec. .V .n. ,Policics

/)12 .Sec ٧ .An امج or sale Of

.r•. Jt .d. .wilhdr•wn &h mcmbet of CV"COCY of Pgtchasc

(e)3 .C. .V .rt. ,examination ,purehse ot) Rcque$t

(b(R)3 .C. ,V .n. ,necd oi

(XXX)c .n. (e) ,(b()iii)3 c؟ ٧ •. .purchase tnnchc Rese;ye

(4)3 S. ٧ .Art ,soid be tO currencies ot Selectioa

a)3) Sec ,V .rl. pichlcm$t payments {o baltrxe special tor policies SpeeitI

)) (مى))7

())XXX .ArI ii)(م)8) o)) .Sec. ٧ .rt. .DrnngetTEntS similar OT Stand-by

I S. ,XXVIt ,rq. ,susFnsion Temporsry

.rtÄ »saleeuat adcåuate undcr ى Temporaty

.V,Sec .rt. ,nditions. ot Waiyer

112

٥)3) .C. .V .rl. l)v(;

مب

Vo*r

bdex

æV0tin

:requttemcnt majotity 70

,tnn.$*dhns ccrttin for tatCS exchenge on CC'e8 t0 tioo*Authori7

ف)7 ,Sec X. .Art

(4) (b) (Ha) .Scc ,V .n. .r•tes of dctemin•lion .o.rgcs

(4؟ .ee. ,XII ,Art .rcgrvc gencrsl from Dis1ribution

(4) ((8 .Sec ,V .rl. ,repurghasa tO eüure) on aTMF or lmpodtion

.n.V. .remuna•alion tOf level u quotb ot in lncrcase

(e 9) .Sec.

-8dminlstra for reeulntbns and tules ol e±ptlon ,AæounI rnyestment

(i)()6 .C. .XIE .Art .tioa

,XII •. ,terminatim Or amount ol rcdueioo invcstment

Mi/ك .See.

(م)7 .Sec .V .Art .teputchase Of Postpoaemen1

.III .Att additionaJ roc p•yment of medium {o

4) (ه)X cم؟.

(e)2 جS. .XIX .rt. ,p.dicipants belween opentions )o

-dcvcjop and conditions moxtary rcpon of Publicnlion

8 S. ,XII -At•t .menll

3 ,XX .tt. .righu drzwing spcci'l m chatees and OI Rate

,X]X .ft. .abrogation or ,modifiation ,ad0ff.ion .ruks Rwonstitulion

(6b) ,eC.

(a)9. .Sec .V .n. ,deeeminnion .ratc Rcmunera1ioo

ador ,purchues of rcsulL aS aquircd not holdings Fund of Repumhese

(e)7 .CC. poticics,'Art cf lion .

ror regulatiorg and rulcs .AæounL Disbusement SpcciaJ

ن)12 Scg .V .rt. ,Fund of liquidatim tO or) end

(ط)2 Scc ,XXVI .rl. .ights. votiag of

(b)2) .Scc .XXVI .Art ,rights YDlin8 Of of Temimüon

-Ac inywtmcnc tO Gencral in eurreacies of Tr.mfer

(l)6) See .XIE .Art .counL

•Rc Gcacni tO DisburgmenL SpcciaI from BWCIS )o Tramfen

(A)i))12. .See .V .Art مو nmedi.tc•ü or{ SOutCCS

II .r. ,C .Sched ,valucs par in changes proportion•te Uni1orm

.XV .ACt .rneüwd of dacøniottbon ,rights drawing *specia Ot Valuation

2 .C.

requiremeat; m*tity percetu 85

.rt. ,decisions .rights dnwing ssxci81 of canccllatian nd•

(4) .(م)4) .)4)2) .Sce .XVIII

in change Ot canecllafion gr 1i%i.nlJoc of intcwals or r•tcs in Qwnse

.XVI}I .Ar1 ,period basic new a or start period basic n ol kngth

4) (a)4) .3 .C.

(e)2 ,Scc ,{ll .rt. ,quotES in $Qtaagc

GoyemotT of Boatd of decision of withdrawal Computso:y

(28) Sec .XXVI .ArI .Oavemors of m•iority by canicd

)1) .. ,D .ed. ,Associala ot numbcr in chengc ,CmJnciI

L •. ,XU ,Art .Hi5hment.es1 ,CouaciI

3(i

يح

V»iR7

(dعبيمزرمع) V0Lins

(لاسام rcquircnrnt ma>rity pertent 8S

.V .AN ,lransxtiotu Of opcr&lions gold cenain in tO Dccisims

(ىمط)12 .Sec

(b)7 Scc ,XIX .Art .traxacticns ctrtbin ror ralC5 Exchaoge

.cJecsgd bc tO ßDirect0 Execu1ive of numbcr in رمdc 'O lnae—e

( .See. ,XI] .n.

on Committec of of oyerrule .Agreement Fund of lntvrpxclefioo

XXIX)b> .rt. ,merprctation)

1٧ .rt. ,yalues par of JatrodiEtioa

,XII .Art .ß0*Dircc Executivc clcctjve gf u±rø /o Maintcnnn•a

(0)3 .Scc

,O)VII( .Art ,ødopüo« ,traasaetions exchanF {PO$ for MatgitB

S r. ,C .Sched (o)w)1) See

8 .ac. ,C .hed. .vdue pat terminatioo tO Objec1ion

and purchases of exdtBi0E ralج Fund's of On

,tranche res-ene members calcu}ating of purpme fot hoidinv

(ذc()ii)ي .rt.

,XVli .Ar1. ,rights dr**g rpeciai oC hotders Mher {o prexription

(i)3 عs

tO pursuaaC other or doption• Or of chanF .Repurchase

(4) (e) -Scc .V .Art .røourCCS gcncrnl of USC policy qxeiat

(0) 4)/ .C. .XXVII .n. ,provisions cenain of Tempnty

drawing SFiaI in and {o suspcns&on Ternro»zry

i S. .XIII. .gt. ,ri@xs

,Acount tnvßtmat tO gold ar sate ftom of of TratBTer

ي)12. ,V .Afl

-t:atw and f0f Accoune Disbucsemcnt !Spccia of scts• of 1Jse

-de tO distribution for end pcmüions otber by authoüed Etioas

(iii) 1(D)ii)12 .Sec. ٧ .Art .members

appücatim in Qr principle gh.ange ,ight) dnving special qf VaIua1ioa

2 ,XV .rt. .et!ect in ptincip(e {o

لسنF عج tO and conditions {o nivet .ßVOt o]

(&. S. .XIi ,n. neralæ

(o)2) S. ,XII tL. ,Goyemor Aitetute

(XXVlII)a .rl. Agreemea1i the ol Amendmen1

*Drawing Spedal IO cxchgively peritiaing matlct3 .Goyernors !o Doatd

((XIa)). •. ,Department Righu

.XtI .. ,Doara Execuiöe by ealkd meMit15 )O Boatd

Execu.tivg an by casi be cznnot v»gs whosc member for CounciU0f by Cast

b)5) .(b)3. .p•r .D .Sched

-Dcpn Rights Draving Specia1 tO *exdusive FTtaining maltets CounciL

(ف)5 .zr. .D .d*% .menL

(l)a()iii. .tt.

م)3) S. ,XII .rt. filt tO Diredor ExecuIive Ot EIecIioa

4}1

دسع

طسم frtm Wbhdrgvd

(mntinued) Voting

tO required votes of in changes ,Dißf10t3 Executive or Ekction

E .ed. (d)3) ,XH .rt. ,cka

E .bcd. procedutßi Executivc of Elx:fion

ماهن Dtawiag Spedal IO exclusively reJating mattcrs .Board Execuüve

(ü)(a)XX1 A. +Dcpartment

كا of termin•lion tor Executive of voting total or Majotity

(6)1 .eC. .XXVII .Art .provisions cet•tain ot opcntion ot Fßion

.ior pxovided 01hcrwise decÉior:s Fund for QSt vo{es of M'jority

,XII A. ,Directots ExecutWe e(eaed and sppointcd vOtCSi of Numbcr

5)3. .c€S

(5) (3 .at. .D .ed. .CounciIhots of Numbcr

))2) .Sec .XI] AtL ,Govemors .ßvot of Number

لا ,XII Art .members ,voies of Number

(4)2 .C. ,XII .Act ,Goyemors Of Board of meeLiny for Quorum

(h)3) S. ,XiI A.rL ,Board ecutivcü of m%tiag.s fot Quorum

-VOt totbl of Majority . . . tæot* 85 . .rcent. 70 Jee cnaiorities; SpcciaI

ه. .. power ing

,XIL ArL aGg b(2) .#. ,XXVI .n. ,W1Ls: votine of

L .hcd. and .S rدم .D .Sded ,0)3 ,Scc.

5 W) e))2 .C. .XiJ .tt. ,vc*ing Weightcd

(5) .ar. ,D ,ed. انم ,meeting

ه)5) .t. ,D .Sched D;)2 S. .Xil ىA .Govemors .mccting WltbOtiI

4 .Sec ,V .An Ä'K%OWC general )o Cß goveming corxlitians of Waiver

Mcmbcn see membcrship; tom) Witbdnnl

$IL

سيحها

حا

U..A .NI O.C ,Fend M0DtItry tnteraati'nal

000"623 2Q :number TeIephooe

lalerfund :rewæ• CaNt

وبروتوكول 2005 المتعلق ببروتوكول قمع الأعمال غير المشروعة ضد سلامة المنصات الثابتة القائمة في الجرف القاري

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