D--APPLICATION FOR MEMBERSHIP AND CHANGE IN QUOTA
Application for Membership
D-1. When a country applies for membership in the Fund, the application shall be placed promptly before the Executive Board, and a reasonable time shall be allowed for discussion and preliminary investigation by the Executive Board before a decision is reached to proceed with the formal investigation. If this decision is in the affirmative the Fund may proceed to obtain all relevant information and discuss with the applicant any matters relating to its application. Any Executive Director may request such information to be added to the list requested of the applicant as in his opinion is relevant to the decision to be made. The Executive Board shall then decide whether to submit an application for membership with its views to the Board of Governors for a vote without meeting or hold the application until the next meeting of the Board of Governors.
If the Executive Board decides not to proceed with its formal investigation of an application for membership, it shall report that decision to the Board of Governors with the reasons for the decision.
Adopted September 25, 1946, amended April 1, 1978
Quotas
D-2. When a member requests an adjustment of its quota, the Executive Board, after consulting the member, shall submit a written report on the request to the Board of Governors.
Adopted September 25, 1946, amended May 28, 1947, and April 1, 1978
D-3. At least one year prior to the time when a general review of quotas must be undertaken by the Board of Governors, the Executive Board shall appoint a Committee of the Whole to study the matter and to prepare a written report. If it is decided to conduct a general review before the time at which such a review must be undertaken by the Board of Governors, the Executive Board shall appoint a Committee of the Whole for this purpose promptly.
Adopted September 25, 1946, amended April 1, 1978