Chapter

Appendix 2

Author(s):
International Monetary Fund. Finance Dept.
Published Date:
October 2015
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Special Voting Majorities for Selected Financial Decisions
SubjectSpecial Majority1Article
Adjustment of quotas85 percentIII, Sec. 2(c)
Medium of payment for increased quota70 percentIII, Sec. 3(d)
Calculation of reserve tranche positions: exclusion of certain
purchases and holdings85 percentXXX, Sec. (c)(iii)
Change in obligatory periods for repurchase85 percentV, Sec. 7(c), (d)
Postponement of a repurchase obligation70 percentV, Sec. 7 (g)
Determination of rates of charge or remuneration70 percentV, Sec. 8(d), 9(a)
Increase in percentage of quota for remuneration70 percentV, Sec. 9(c)
Sale of gold85 percentV, Sec. 12(b), (c), (e)
Acceptance of gold in payments to IMF85 percentV, Sec. 12(b), (d)
Special Disbursement Account assetsV, Sec. 12(f)
Transfer to General Resources Account70 percent
Balance of payments assistance to developing members85 percent
Distribution from general reserve70 percentXII, Sec. 6(d)
Valuation of SDRXV, Sec. 2
Change in the principle of valuation or a fundamental85 percent
change in the application of the principle in effect
Method of valuation70 percent
Allocation of SDRs85 percentXVIII, Sec. 4(d)
Determination of rate of interest on SDRs70 percentXX, Sec. 3
Prescription of official holders of SDRs85 percentXVII, Sec. 3
Suspension or reinstatement of voting rights70 percentXXVI, Sec. 2(b)
Compulsory withdrawal85 percentXXVI, Sec. 2(c)
Amendment of the IMF’s Articles of Agreement85 percent2XXVIII (a)
Source: Legal Department, International Monetary Fund.

Proportion of total voting power.

Three-fifths of the members having 85 percent of the voting power.

Source: Legal Department, International Monetary Fund.

Proportion of total voting power.

Three-fifths of the members having 85 percent of the voting power.

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