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International Monetary Fund: Report of the Executive Directors on the Sixth General Review of Quotas of I.M.F. Members*

Published online by Cambridge University Press:  04 April 2017

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Type
Reports
Information
International Legal Materials , Volume 15 , Issue 3 , May 1976 , pp. 596 - 602
Copyright
Copyright © American Society of International Law 1976

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Footnotes

*

[Reproduced from Amendment of the Articles of Agreement and Increase in Quotas of the International Monetary Fund, U.S. House Document No. 94-447, 94th Congress, 2d Session (Washington: GPO, 1976), Appendix B.

[The Board of Governors of the I.M.F. has approved the resolution on increases in the quotas of member countries of the Fund. Approval required replies from a majority of the Governors, with 85 percent of the total votes of Governors being cast in favor of the resolution. This was announced in an I.M.F. press release of April 1, 1976.

[An increase in a member's quota under the resolution will not become effective until the member has notified the Fund of its acceptance of the increase and paid the increase in full, and member countries representing three fourths of the total quotashave communicated their acceptances. In addition, no quota increase will become effectiveuntil the Second Amendment of the Fund's Articles of Agreement have become effective. The proposed text appears at I.L.M. page 546.]

References

1 Includes installments 4 and 5 to be paid not later than April 30. 1676, under Resolution 25-3 of trie Board of Governous.

2 Due to rounding, components may not add to totals shown.