...payments financing needs and to promote payments adjustment. The IMF Articles of Agreement established the objective of making the SDR the principal reserve asset in the international monetary system. In December 1978 the IMF Board of Governors adopted a resolution providing for new allocations of SDR...

...relating to changes in the composition of reserve assets. The amended IMF Articles establish the long run objective of making the SDR the principal reserve asset in the international monetary system, and a number of actions have been taken recently to improve the quality and usefulness of the SDR in...

...and an additional SDR 4 billion is to be allocated in both 1980 and 1901. The IMF Articles establish the objective of making the SDR the principal reserve asset in the international monetary system. The SDR is the unit of account of the IMF, and is the preferred medium for many IMF transactions. A number...

...the characteristics and uses of the SDR, and called upon Fund members to collaborate with a view to making the SDR the principal reserve asset in the international monetary system. Several important decisions concerning the SDR were taken recently by the Executive Board after agreement...

...interpretation to be given to the economic criteria for allocations of SDRs and the weight to be given to the objective of making the SDR the principal reserve asset in the international monetary system. 35. Gold proved to be unsatisfactory as the "primary" (or "ultimate") reserve asset of the international...

...MoneIt was never made clear what was intended by the language of the Second Amendment that refers to the objective of making the SDR the principal reserve asset in the international monetary system.49 The United States was content to accept the language after explaining that in its view the...

...despite a strong global need for reserve supplementation. As a result, no progress has been made toward the objective of making the SDR the principal reserve asset in the international monetary system as stated in the Fund's Articles of Agreement. Case Studies Three case studies on adjustment and development...

...countries. The spillover effects of an SDR allocation on industrial countries would thus be positive. 103. The objective of making the SDR the principal reserve asset in the international monetary system, as expressed in Article VIII, Section 7, has not been promoted. On the contrary, SDRs constitute a...

...allocation would also be in keeping with the aim arrangements, countries must often rely on borrowings from of making the SDR the “principal reserve asset in the international monetary system.” Opponents of an SDR allocation respond with the following considerations. In their view, the international...

...reduction of imports. According to proponents, an allocation would also be in keeping with the aim of making the SDR the "principal reserve asset in the international monetary system." Opponents of an SDR allocation respond with the following considerations. In their view, the international...