Vierte Änderung des Übereinkommens über den Internationalen Währungsfonds, angenommen vom Gouverneursrat am 23. September 1997 mit Resolution Nr. 52-4
58. Vierte Änderung des Übereinkommens über den Internationalen Währungsfonds, angenommen vom Gouverneursrat am 23. September 1997 mit Resolution Nr. 52-4
Fourth Amendment of the Articles of Agreement of the International Monetary Fund
The Governments on whose behalf the present Agreement is signed agree as follows:
1.Novellierungsanordnung 1, The text of Article XV, Section 1 shall be amended to read as follows:The text of Article römisch XV, Section 1 shall be amended to read as follows:
?a)Litera a To meet the need, as and when it arises, for a supplement to existing reserve assets, the Fund is authorized to allocate special drawing rights in accordance with the provisions of Article XVIII to members that are participants in the Special Drawing Rights Department.To meet the need, as and when it arises, for a supplement to existing reserve assets, the Fund is authorized to allocate special drawing rights in accordance with the provisions of Article römisch XVIII to members that are participants in the Special Drawing Rights Department.
b)Litera b In addition, the Fund shall allocate special drawing rights to members that are participants in the Special Drawing Rights Department in accordance with the provisions of Schedule M.?
2.Novellierungsanordnung 2, A new Schedule M shall be added to the Articles, to read as follows:
?SCHEDULE M
Special One-Time Allocation of Special Drawing Rights
1.Ziffer eins Subject to 4 below, each member that, as of September 19, 1997, is a participant in the Special Drawing Rights Department shall, on the 30th day following the effective date of the fourth amendment of this Agreement, receive an allocation of special drawing rights in an amount that will result in its net cumulative allocation of special drawing rights being equal to 29.315788813 percent of its quota as of September 19, 1997, provided that, for participants whose quotas have not been adjusted as proposed in Resolution No. 45-2 of the Board of Governors, calculations shall be made on the basis of the quotas proposed in that resolution.
2.Ziffer 2 (a) Subject to 4 below, each country that becomes a participant in the Special Drawing Rights Department after September 19, 1997 but within three months of the date of its membership in the Fund shall receive an allocation of special drawing rights in an amount calculated in accordance with (b) and (c) below on the 30th day following the later of:
(i)Absatz ithe date on which the new member becomes a participant in the Special Drawing Rights Department, or(ii)Absatz i, ithe effective date of the fourth amendment of this Agreement.
(b) For the purposes of (a) above, each participant shall receive an amount of special drawing rights that will result in such participant's net cumulative allocation being equal to 29.315788812 percent of its quota as of the date on which the member becomes a participant in the Special Drawing Rights Department, as adjusted:
(i)Absatz ifirst, by multiplying 29.315788813 percent by the ratio of the total of quotas, as calculated under 1 above, of the participants described in (c) below to the total of quotas of such participants as of the date on which the member became a participant in the Special Drawing Rights Department, and(ii)Absatz i, isecond, by multiplying the product of (i) above by the ratio of the total of the sum of the net cumulative allocations of special drawing rights received under Article XVIII of the participants described in (c) below as of the date on which the member became a participant in the Special Drawing Rights Department and the allocations received by such participants under 1 above to the total of the sum of the net cumulative allocations of special drawing rights received under Article XVIII of such...
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