Press Release: IMF Board of Governors Approves SDR Amendment

September 23, 1997

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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