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Second Resolution (No. 29-8):1 Resolution No. 54-92 Transformation of the Interim Committee of the Board of Governors on the International Monetary System into the International Monetary and Financial Committee of the Board of Governors Whereas the Board of Governors of the International Monetary Fund recognizes the need, pending the possible establishment of the Council, to strengthen and transform the Interim Committee of the Board of Governors on the International Monetary System established by Resolution No. 29-8, and Whereas this strengthening and transformation should be reflected in the name of the Committee and its terms of reference to further its role as an advisory committee of the Board of Governors; Now, therefore, the Board of Governors hereby RESOLVES as follows: 1. Composition of the International Monetary and Financial Committee
2. Representation of Members Not Entitled to Appoint a Member of the Committee A member of the Fund not entitled to appoint a member of the Committee may send a representative to participate in any meeting of the Committee when a request made by, or a matter particularly affecting, that member is under consideration. The Committee shall determine, upon request by the member, whether a matter under consideration particularly affects the member. 3. Terms of Reference The Committee shall advise and report to the Board of Governors with respect to the functions of the Board of Governors in:
In addition, the Committee shall advise and report to the Board of Governors on any other matters on which the Board of Governors may seek the advice of the Committee. In performing its duties, the Committee shall take account of the work of other bodies having specialized responsibilities in related fields. 4. Procedures
5. Termination of Resolution of 29-8 Resolution No. 29-8, adopted October 2, 1974 is hereby repealed. 1 Ed. Note: Repealed by Resolution 54-9. 2 Ed. Note: Adopted September 30, 1999. |
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Prepared by the Legal Department of the IMF
Note
- Page number references in the text are to the Forty-Second issue hard copy volume.