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International Monetary Fund: Proposed Second Amendment to the Articles of Agreement of the International Monetary Fund*

Published online by Cambridge University Press:  04 April 2017

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Abstract

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Type
Treaties and Agreements
Information
International Legal Materials , Volume 15 , Issue 3 , May 1976 , pp. 499 - 590
Copyright
Copyright © American Society of International Law 1976

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Footnotes

*

[Reproduced from the text provided by the International Monetary Fund. The appendix to Part II of the Report by the Executive Directors to the Board of Governors, comparing the present Articles of Agreement with the amended ones, has not been reproduced. The proposed text appears at I.L.M. page 546.]

References

1/ See Gold, Joseph “Weighted Voting Power: Some Limits and Some Problems”, 68 American Journal of International Law 687-708, at 702-707 (October 1974)Google Scholar.

** [The Preliminary Note was prepared for International Legal Materials by Joseph Gold, General Counsel, InternationalMonetary Fund.

[The First Amendment of the Articles of Agreement appears at 7 I.L.M. 473 (1968). The Board of Governors’ Resolution of July 26, 1972, appears at 11 I.L.M. 1169 (1972). The Report on Reform of the International Monetary System of August 18, 1972, appears at 11 I.L.M. 1118 (1972). The Outline of Reform of the Committee of Twenty appears at 13 I.L.M. 1004 (1974). The Board of Governors’ Resolution of October 2, 1974, appears at 13 I.L.M. 1524 (1974). The Report of the Executive Directors on the Sixth General Review of Quotas of I.M.F. Members appears at I.L.M. page 596.]

2/ See Gold, Joseph “Legal Technique in the Creation of a New International Reserve Asset: Special Drawing Rights and the Amendment of the Articles of Agreement of the International Monetary Fund”, 1 Case Western Reserve Journal of International Law 105-123 (Spring 1969)Google Scholar.

3/ For action by the United States, see the National Advisory Council on International Monetary and Financial Policies, Special Report to the President and to the Congress on Amendment of the Articles of Agreement of theInternational Monetary Fund and on an Increase in Quotas in the International Monetary Fund (April 1976), pp. 1-32. [See I.L.M. page 603.]

* References in the Introduction to chapters are to chapters in Part II of this Report.

* The quota of Denmark shall be determined by the Fund after the Danish Government has declared its readiness to sign this Agreement but before signature takes place.