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International Monetary Fund

On April 30, 1958 and at the end of each month thereafter until further action by the Executive Directors or Board of Governors, the net income of the Fund shall be transferred provisionally to a General Reserve. At the next Annual Meeting it shall be recommended to the Board of Governors that it note with approval the establishment of the General Reserve and the allocation to such reserve of the net income for the fiscal year ended April 30, 1958. Decision No. 753 -( 58/17 ) April 14, 1958

International Monetary Fund

On April 30, 1958 and at the end of each month thereafter until further action by the Executive Directors or Board of Governors, the net income of the Fund shall be transferred provisionally to a General Reserve. At the next Annual Meeting it shall be recommended to the Board of Governors that it note with approval the establishment of the General Reserve and the allocation to such reserve of the net income for the fiscal year ended April 30, 1958. Decision No. 753-(58/17) April 14, 1958

International Monetary Fund

Establishment of a General Reserve from Net Income On April 30, 1958 and at the end of each month thereafter until further action by the Executive Directors or Board of Governors, the net income of the Fund shall be transferred provisionally to a General Reserve. At the next Annual Meeting it shall be recommended to the Board of Governors that it note with approval the establishment of the General Reserve and the allocation to such reserve of the net income for the fiscal year ended April 30, 1958. Decision No. 753-(58/17 ) April 14, 1958

International Monetary Fund

Abstract

The Executive Board approves the Managing Director’s continuing to assist members by bringing governmental buyers and sellers of gold into contact. If there is a demand, the function may be performed as a regular service on the basis outlined in SM/52/6 (2/7/52). It is understood that initially the service charge will be per cent for each partner in a completed transaction, and that the charge will be reviewed later on the basis of experience.

International Monetary Fund

Abstract

The first interval of five years, at the end of which the Fund shall review the quotas of the members in accordance with Article III, Section 2, began on the date when the Fund Agreement, in accordance with Article XX, Section 1, entered into force: i.e. on December 27, 1945.

International Monetary Fund

Abstract

This volume, entitled Selected Decisions of the IMF and Selected Documents, follows the Fifth Issue of Selected Decisions of the Executive Directors and Selected Documents. The change in title has been made because of the inclusion of more Resolutions of the Board of Governors of the Fund than in the preceding volume. The present volume contains selected decisions and interpretations of the Executive Directors and resolutions of the Board of Governors of the IMF adopted prior to September 30, 1972, as well as certain selected documents of the Fund and of the United Nations to which frequent reference is made. With few exceptions, the decisions are of a general nature and relate to certain obligations, policies, and procedures under the Articles of Agreement. This issue contains most of the decisions that were published in earlier issues (September 1962, September 1963, January 1965, April 1970, and July 1971), and general decisions taken since then.

International Monetary Fund

Abstract

[See Interpretation Pursuant to Decision No. 71-2, adopted September 26, 1946 and Decision No. 1238-(61/43), adopted July 28, 1961, page 20.

International Monetary Fund

Abstract

[See Interpretation Pursuant to Decision No. 71-2, adopted September 26, 1946 and Decision No. 1238-(61/43), adopted July 28, 1961, page 35.]

International Monetary Fund

Abstract

In response to the request of the Government of [a member], and after having considered the arguments put forward by that Government, the Executive Directors, acting pursuant to Article XVIII (a) of the Fund Agreement, interpret Article XV, Section 2 as follows:

International Monetary Fund

Abstract

The Fund has, in the case of a member which has had no previous exchange transaction with the Fund, the power to postpone exchange transactions with it if its circumstances are such that, in the opinion of the Fund, they would lead to the use of the resources of the Fund in a manner contrary to the purposes of the Agreement or prejudicial to the Fund or its members. This power did not lapse as of the date the Fund began exchange transactions.