International Monetary Reform

A/RES/2565(XXIV)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1970.

What other versions does this mandate have?

4 versions · 1967–1980

This is an older version — the most recent is A/RES/34/216

1980A/RES/34/216International monetary reformLatestCompare with previous version
1970A/RES/2565(XXIV)International monetary reformCompare with previous version
1969A/RES/2461(XXIII)International monetary reformCompare with previous version
1967A/RES/2208(XXI)International monetary reform

Versions are identified automatically by matching titles within the same organ (~97% accuracy on a manual audit).

What subjects does this mandate have?

9 topics

Balance of Payments Adjustment Credit Development Finance Exports Funds Imports International Monetary System Special Drawing Rights Terms of Trade

What does this mandate say?

4 operative paragraphs

Welcomes the recent decision of the Board of Governors of the International Monetary Fund to allocate to participant members of the Fund $9,500 million in special drawing rights for a basic period of three years starting 1 January 1970;

Invites the Governments of the States members of the International Monetary Fund to consider at an early date, after the activation of special drawing rights the possibility of the establishment of a link betwee~ t~e allocati?~ of this new reserve ass~t and the provision o~ add1t1onal development financmg to developing countnes;

Calls upon the aforementioned Governments as they consider the adjustment of quotas, to take into ~ccount the fact that developing countries are exceptionally vulnerable to balance-of-pa~ents fluctuations that they have only limited fleXIbility in adjusting imports and that they do not generally have access to alternative short-term credit facilities, and therefore to approve an adjustment that would give these countries a larger share in total quotas of the International Monetary Fund;

Further calls upon those Governments, in their consideration of the improvement of the adjustment process of balance-<;>f-payments disequil!bria, to ~ive due weight to the interests of developing countries, including the need to ensure that measures adopted do not have any adverse influence on the export prospects or terms of trade of these countries.

13 December 1969.

Paragraph content is machine-extracted from UN documents. For authoritative content, please refer to the official UN document.

No headings found in this document.

Who created this mandate?

What other versions does this mandate have?

What subjects does this mandate have?

What does this mandate say?

Table of contents