Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Overdue Payments to the Fund—Purchases from Fund

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

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ARTICLE XXVI
Remedial Measures on Overdue Financial Obligations to the Fund

OVERDUE PAYMENTS TO THE FUND—PURCHASES FROM FUND

1

  • 3. Other stand-by or extended arrangements granted by the Fund after the date of this decision shall include also the provision in 1 or 2 above.

  • 4. The provision in 1 and 2 above shall be included also in an existing stand-by or an extended arrangement when the Fund and the member reach understandings regarding the circumstances in which further purchases may be made under the arrangement.

  • 5. Decision No. 7678-(84/62), April 20, 1984, shall cease to apply in respect of a stand-by or an extended arrangement that includes the provision in 1 or 2 above.

Decision No. 7908-(85/26),

February 20, 1985

1 Ed. Note: For paragraphs 1 and 2, see paragraph 4 of Attachment A and paragraph 4 of Attachment B to Decision No. 10464–(93/130), p. 368 and p. 372, respectively.

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