Contents

Introductory Article

1. Purposes
2. Membership
   1. Original members
   2. Other members
3. Quotas and Subscriptions
   1. Quotas and payment of subscriptions
   2. Adjustment of quotas
   3. Payments when quotas are changed
   4. Substitution of securities for currency
4. Obligations Regarding Exchange Arrangements
   1. General obligations of members
   2. General exchange arrangements
   3. Surveillance over exchange arrangements
   4. Par values
   5. Separate currencies within a member's territories
5. Operations and Transactions of the Fund
   1. Agencies dealing with the Fund
   2. Limitation on the Fund's operations and transactions
   3. Conditions governing use of the Fund's general resources
   4. Waiver of conditions
   5. Ineligibility to use the Fund's general resources
   6. Other purchases and sales of special drawing rights by the Fund
   7. Repurchase by a member of its currency held by the Fund
   8. Charges
   9. Remuneration
   10. Computations
   11. Maintenance of value
   12. Other operations and transactions
6. Capital Transfers
   1. Use of the Fund's general resources for capital transfers
   2. Special provisions for capital transfers
   3. Controls of capital transfers
7. Replenishment and Scarce Currencies
   1. Measures to replenish the Fund's holdings of currencies
   2. General scarcity of currency
   3. Scarcity of the Fund's holdings
   4. Administration of restrictions
   5. Effect of other international agreements on restrictions
8. General Obligations of Members
   1. Introduction
   2. Avoidance of restrictions on current payments
   3. Avoidance of discriminatory currency practices
   4. Convertibility of foreign-held balances
   5. Furnishing of information
   6. Consultation between members regarding exisiting international agreements
   7. Obligation to collaborate regarding policies on reserve assets
9. Status, Immunities, and Privileges
   1. Purposes of Article
   2. Status of the Fund
   3. Immunity from judicial process
   4. Immunity from other action
   5. Immunity of archives
   6. Freedom of assets from restrictions
   7. Privilege for communications
   8. Immunities and privileges of officers and employees
   9. Immunities from taxation
   10. Application of Article
10. Relations with other International Organizations
11. Relations with Non-Member Countries
    1. Undertakings regarding relations with non-member countries
    2. Restrictions on transactions with non-member countries
12. Organization and Management
    1. Structure of the Fund
    2. Board of Governors
    3. Executive Board
    4. Managing Director and staff
    5. Voting
    6. Reserves, distribution of net income, and investment
    7. Publication of reports
    8. Communication of views to members
13. Offices and Depositories
    1. Location of offices
    2. Depositories
    3. Guarantee of the Fund's assets
14. Transitional Arrangements
    1. Notification to the Fund
    2. Exchange restrictions
    3. Action of the Fund relating to restrictions
15. Special Drawing Rights
    1. Authority to allocate special drawing rights
    2. Valuation of the special drawing right
16. General Department and Special Drawing Rights Department
    1. Separation of operations and transactions
    2. Separation of assets and property
    3. Recording and information
17. Participants and Other Holders of Special Drawing Rights
    1. Participants
    2. Fund as a holder
    3. Other holders
18. Allocation and Cancellation of Special Drawing Rights
    1. Principles and considerations governing allocation and cancellation
    2. Allocation and cancellation
    3. Unexpected major developments
    4. Decisions on allocations and cancellations
19. Operations and Transactions in Special Drawing Rights
    1. Use of special drawing rights
    2. Operations and transactions between participants
    3. Requirement of need
    4. Obligation to provide currency
    5. Designation of participants to provide currency
    6. Reconstitution
    7. Exchange rates
20. Special Drawing Rights Department Interest and Charges
    1. Interest
    2. Charges
    3. Rate of interest and charges
    4. Assessments
    5. Payment of interest, charges, and assessments
21. Administration of the General Department and the Special Drawing Rights Department
22. General Obligations of Participants
23. Suspension of Operations and Transactions in Special Drawing Rights
    1. Emergency provisions
    2. Failure to fulfill obligations
24. Termination of Participation
    1. Right to terminate participation
    2. Settlement on termination
    3. Interest and charges
    4. Settlement of obligation to the Fund
    5. Settlement of obligation to a terminating participant
    6. General Resources Account transactions
25. Liquidation of the Special Drawing Rights Department
26. Withdrawal from Membership
    1. Right of members to withdraw
    2. Compulsory withdrawal
    3. Settlement of accounts with members withdrawing
27. Emergency Provisions
    1. Temporary suspension
    2. Liquidation of the Fund
28. Amendments
29. Interpretation
30. Explanation of Terms
31. Final Provisions
    1. Entry into force
    2. Signature

Schedules

1. Quotas
2. Transitional Provisions with Respect to Repurchase, Payment of Additional Subscriptions, Gold, and Certain Operational Matters
3. Par Values
4. Council
5. Election of Executive Directors
6. Designation
7. Reconstitution
8. Termination of Participation
9. Administration of Liquidation of the Special Drawing Rights Department
10. Settlement of Accounts with Members Withdrawing
11. Administration of Liquidation
12. Suspension of Voting Rights Index
13. Special One-Time Allocation of Special Drawing Rights

Index

1. A–L
2. M–Z