Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Use of Fundís Resources: Limitation and Ineligibility Under Article V, Section 5

Prepared by the Legal Department of the IMF
As updated as of February 29, 2016

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ARTICLE V, SECTION 5
Ineligibility to Use the Fundís General Resources

USE OF FUND’S RESOURCES: LIMITATION AND INELIGIBILITY UNDER ARTICLE V, SECTION 5

The Fund has, in the case of a member which has had a previous exchange transaction with the Fund, power to declare the member ineligible or limit its use of the resources of the Fund if the member is, in the opinion of the Fund, using the resources of the Fund in a manner contrary to the purposes of the Fund.

Decision No. 284-3,

March 10, 1948

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