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International Monetary Fund

eighty dollars ($376,380). 2. The annual salary of the Managing Director shall be adjusted effective July 1, 2005 and each July 1 thereafter by the percentage increase in the Washington metropolitan area consumer price index for the twelve months ending the preceding May. The applicable index for this purpose shall be the U.S. Bureau of Labor Statistics Regional (Washington, Baltimore, Maryland, Virginia, West Virginia) Consumer Price Index for All Urban Consumers, or the equivalent replacement index. The Board of Governors adopted the foregoing Resolution

International Monetary Fund. Secretary's Department

year for Executive Directors and $7,200 per year for their Alternates. The Board of Governors adopted the foregoing Resolution, effective July 31, 1987 . Resolution No. 42-2. Forthcoming Annual Meetings The Executive Board decided on July 29, 1987 that action in connection with the places and dates of forthcoming Annual Meetings from 1991 through 1993 should not be postponed until the next regular meeting of the Board of Governors . In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on July 31, 1987for

International Monetary Fund. Secretary's Department

their Alternates. The Board of Governors adopted the foregoing Resolution, effective Resolution No. 51-2: Forthcoming Annual Meetings The Executive Board decided on July 15, 1996 that action in connection with the places and dates of forthcoming Annual Meetings from 1998 through 1999 should not be postponed until the next regular meeting of the Board of Governors . In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on July 19, 1996for a vote without meeting : R esolved : That the 1998 and 1999

International Monetary Fund. Secretary's Department

Executive Board to continue its work on quotas in connection with the Eleventh General Review of Quotas, as indicated in its report entitled “Tenth General Review of Quotas - Completion of Review Under Article III, Section 2.” The Board of Governors adopted the foregoing Resolution, effective January 17, 1995 . Resolution No. 50-2—Direct Remuneration of Executive Directors and Their Alternates Pursuant to Section 14(e) of the By-Laws, the 1995 Joint Committee on the Remuneration of Executive Directors and Their Alternates on June 28, 1995 directed the Secretary

International Monetary Fund. Secretary's Department

,” hereby resolves to continue its review under Article III, Section 2( a ) and requests the Executive Board to complete its work on this matter and to submit appropriate proposals to the Board of Governors not later than April 30, 1989. The Board of Governors adopted the foregoing Resolution, effective April 22, 1988 . Resolution No. 43-2—Direct Remuneration of Executive Directors and Their Alternates Pursuant to Section 14(e) of the By-Laws, the 1988 Joint Committee on the Remuneration of Executive Directors and Their Alternates on April 13, 1988 directed the

International Monetary Fund. Secretary's Department

Resolution. The written consent must be executed by a duly authorized official of the member. Both the written consent and the payment of the increase in full shall be made not later than April 27, 1994, provided that the Executive Board may extend the period within which the consent and the payment may be made as it may determine. The Board of Governors adopted the foregoing Resolution, effective March 28, 1994. Cambodia’s new quota became effective on April 22, 1994 . Resolution No. 49-2—Membership for Eritrea On July 5, 1993, the Government of Eritrea

International Monetary Fund

the United States. The Board of Governors adopted the foregoing Resolution, effective July 17, 2006 . Resolution No. 61-2 Direct Remuneration of Executive Directors and their Alternates Pursuant to Section 14(e) of the By-Laws, the 2006 Joint Committee on the Remuneration of Executive Directors and their Alternates on June 20, 2006 directed the Secretary of the Fund to transmit its report and recommendations to the Board of Governors of the Fund. The Committee’s report contained the following proposed Resolution for adoption by the Board of Governors