Malaysia legislation
Section 2
of INTERNATIONAL MONETARY FUND (RATIFICATION OF SECOND AMENDMENT TO THE ARTICLES OF AGREEMENT) ACT 1977
Section 2
Interpretation
“Articles of Agreement” means the Articles of Agreement of the said Fund as amended pursuant to Resolution No. 31–4 adopted by the Board of Governors of the Fund on 30 April 1976;
“General Department” means the Account through which the
Fund will conduct all other operations and transactions authorized by the Articles of Agreement;
“General Resources Account” means the Account of the General
Department through which the Fund will conduct all its operations and transactions using the general resources of the Fund;
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“International Monetary Fund” (hereinafter referred to as the
“Fund”) means the International Monetary Fund of which Malaysia is a member by virtue of section 3 of the Bretton Woods Agreements
Act 1957 [Act 472];
“Investment Account” means the Account of the General
Department established under subparagraph 6(f)(i) of Article XII of the Articles of Agreement, in which the Fund’s resources used for and resulting from investment will be held.
“Special Disbursement Account” means the Account of the General
Department in which profits from the sale of the Fund’s gold shall be held for use in accordance with the provisions governing that
Account in section 12 of Article V and Schedule B to the Articles of Agreement;
“Special Drawing Rights Department” means the Account through which the Fund will conduct all operations and transactions involving
Special Drawing Rights allocated under Article XV of the Articles of Agreement, except operations and transactions pursuant to section 2 of Article XVII of the Articles of Agreement.