Adopted at the United Nations Monetary and Financial Conference, Bretton Woods, New Hampshire, July 22, 1944. Entered into force December 27, 1945. Amended effective July 28, 1969, by the modifications approved by the Board of Governors in Resolution No. 23-5, adopted May 31, 1968; amended effective April 1, 1978, by the modifications approved by the Board of Governors in Resolution No. 31–4, adopted April 30, 1976; and amended effective November 11, 1992, by the modifications approved by the Board of Governors in Resolution No. 45-3, adopted June 28, 1990.
International Standard Book Number: ISBN 9781557752765
Reprinted June 1998
Reprinted March 2000
Reprinted December 2004
Articles of agreement of the International Monetary Fund (1944).
Protocols, etc., 1992
Articles of agreements of the International Monetary Fund, adopted at the United Nations Monetary and Financial Conference, Bretton Woods. New Hampshire. July 22, 1994, entered into force December 27, 1945, amended effective July 28, 1969, by the modifications approved by the Board of Governors in Resolution No. 23–5… and amended effective November II. 1992, by the modifications approved by the Board of Governors in Resolution No. 45-3, adopted June 28, 1990,—Washington. DC. : International Monetary Fund. 1992.
I. International Monetary Fund. I. Title: Articles of agreement of the International Monetary Fund. II. United Nations Monetary and Financial Conference (1944 : Bretton Woods. N.H.) HG388I 5.I58A6 1992
Table of Contents
III. Quotas and Subscription
IV. Obligations Regarding Exchange Arrangements
V. Operations and Transactions of the Fund
VI. Capital Transfers
VII. Replenishment and Scarce Currencies
VIII. General Obligations of Members
IX. Status, Immunities, and Privileges
X. Relations with other International Organizations
XI. Relations with Non-Member Countries
XII. Organization and Management
XIII. Offices and Depositories
XIV. Transitional Arrangements
XV. Special drawing Rights
XVI. General Department and Special Drawing Rights Department
XVII. Participants and Other Holders of Special drawing Rights
XVIII. Allocation and Cancellation of Special Drawing Rights
XIX. Operations and Transactions in Special drawing Rights
XX. Special Drawing Rights Department Interest and Charges
XXI. Administration of the General Department and the Special Drawing Rights Department
XXII. General Obligations of Participants
XXIII. Suspension of Operations and Transactions in Special Drawing Rights
XXIV. Termination of Participation
XXV. Liquidation of the Special drawing Rights Department
XXVI. Withdrawal from Membership
XXVII. Emergency Provisions
XXX. Explanation of Terms
XXXI. Final Provisions
Transitional Provisions with Respect to Repurchase, Payment of Additional Subscripmons, Gold, and Certain Operational Matters
Election of Executive Directors
Termination of Participation
Administration of Liquidation of the Special Drawing Rights Department
Settlement of Accounts with Members Withdrawing
Administration of Liquidation
Suspension of Voting Rights
Articles of Agreement of the International Monetary Fund
The Governments on whose behalf the present Agreement is signed agree as follows:
(i) The International Monetary Fund is established and shall operate in accordance with the provisions of this Agreement as originally adopted and subsequently amended.
(ii) To enable the Fund to conduct its operations and transactions, the Fund shall maintain a General Department and a Special Drawing Rights Department. Membership in the Fund shall give the right to participation in the Special Drawing Rights Department.
(iii) Operations and transactions authorized by this Agreement shall be conducted through the General Department, consisting in accordance with the provisions of this Agreement of the General Resources Account, the Special Disbursement Account, and the Investment Account; except that operations and transactions involving special drawing rights shall be conducted through the Special Drawing Rights Department.