Selected Decisions and Selected Documents of the IMF, Thirty- Ninth Issue -- Use of Fund’s Resources: Meaning of “Consistent with the Provisions of This Agreement” in Article V, Section 3

Prepared by the Legal Department of the IMF
As updated as of March 31, 2017

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ARTICLE V, SECTION 3(a), (b), AND (C)
Use of Fund Resources
General Decisions

USE OF FUND’S RESOURCES: MEANING OF “CONSISTENT WITH THE PROVISIONS OF THIS AGREEMENT” IN ARTICLE V, SECTION 3

The phrase “consistent with the provisions of this Agreement” in Article V, Section 3, means consistent both with the provisions of the Fund Agreement other than Article I and with the purposes of the Fund contained in Article I.

Decision No. 287-3,

March 17, 1948

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