By-Laws, Rules and Regulations
Sixty-Seventh Issue
November 2022
These By-Laws are adopted under the authority of, and are intended to be complementary to, the Articles of Agreement of the International Monetary Fund; and they shall be construed accordingly. In the event of a conflict between anything in these By-Laws and any provision or requirement of the Articles of Agreement, the Articles of Agreement shall prevail.
CONTENTS
I. By-Laws of the International Monetary Fund
1. Places of Business
2. General Department and Special Drawing Rights Department
3. Meetings of the Board of Governors
4. Notice of Meetings of the Board of Governors
5. Attendance at Meetings
6. Agenda of Meetings of the Board of Governors
7. Selection of Chairman and Vice-Chairmen
8. Secretary
9. Minutes
10. Report of Executive Board
11. Voting
12. Proxies
13. Voting Without Meeting
14. Terms of Service
15. Delegation of Authority
16. Rules and Regulations
17. Vacant Directorships
18. {Abrogated Effective January 26, 2016}
19. Representation of Members at Meetings of Fund Organs
20. Budget and Audits
21. Applications for Membership
22. Compulsory Withdrawal
23. Settlement of Disagreements with Withdrawing Member
24. Amendment of By-Laws
II. Rules and Regulations of the International Monetary Fund
A. Scope of Rules and Regulations
B. Terms and Definitions
C. The Executive Board
- Meetings
- Agenda
- Voting
- Language
- Minutes
D. Application for Membership and Change in Quota
- Application for Membership
- Quotas
E. Substitution of Securities for Currency
F. Gold
G. Operations and Transactions
H. Exchange Controls, Currency Practices, Agreements, and Information
I. Charges in Respect of General Resources Account Transactions and Remuneration
J. Accounting and Reporting
- Accounts
- Annual Administrative Budget
- Annual Report
- Audit
- Financial Year
K. Limitation, Ineligibility, and Suspension of Voting Rights
L. Capital Transfers
M. Relations with Non-Members
N. Staff Regulations
O. Valuation of the SDR, Valuation of Currencies in Terms of the SDR, Freely Usable Currency, Procedures for Exchange of Currency, and Operational Budget
- Valuation of the SDR
- Valuation of Currencies in Terms of the SDR
- Freely Usable Currency
- Procedures for Exchange of Currency
- Operational Budget
P. Procedures for Operations and Transactions Involving SDRs
- Transactions with Designation
- Designation of Participants to Provide Currency
- Transactions by Agreement Between Participants
- Prescribed Operations
- Recording
Q. Other Holders
R. {Abrogated effective April 30, 1981}
S. Suspension of Use of SDRs
T. Interest, Charges, and Assessments in Respect of SDRs