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Press Release Number 97/45
September 23, 1997
International Monetary Fund
700 19th Street, NW
Washington, D.C. 20431 USA

IMF Board of Governors Approves SDR Amendment

The Board of Governors of the International Monetary Fund (IMF) today adopted a Resolution approving a proposal of the Executive Board for amending the IMF’s Articles of Agreement to allow for a special one-time allocation of SDRs so as to equalize members’ ratios of cumulative allocations to their Ninth Review quotas at approximately 29.32 percent (see Press Release 97/43). In order to enter into force, the amendment will require acceptance by three-fifths of the members of the IMF, having 85 percent of the total voting power.


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