2. Where the obligation remaining after the set-off referred to in point (b) of Section 2 of Article XXIV exists for the amount of the Fund and no agreement on resolution is reached within six months of the date of termination, the terminating participant shall fulfil that obligation in equal half-yearly instalments within three years of the date of termination or within a longer period: which may be determined by the Fund. The terminating participant complies with this obligation in accordance with the Fund either (a) by paying the Fund a freely usable currency or (b) by obtaining Special Drawing Rights in accordance with Section 6 of Article XXIV of the General Resources Account or in agreement with a participant designated by the Fund or another holder, and by offsetting these Special Drawing Rights on the instalment payment due. In addition to commitments under other Articles of this Agreement, each Member shall assume the obligations set out in this Article. Notwithstanding the provisions of other Articles of this Agreement, a Member which has notified the Fund of its intention to benefit from transitional arrangements under this provision may maintain and adapt to changing circumstances the restrictions on payments and transfers in force at the time of accession. However, Members shall at all times take into account the objectives of the Fund in their exchange rate policies and, as soon as circumstances permit, shall take all possible measures to conclude with other Members commercial and financial arrangements that facilitate international payments and the promotion of a stable exchange rate system. In particular, Members shall lift restrictions maintained under this Section once they are satisfied that, in the absence of such restrictions, they will be able to settle their balance of payments in a manner that does not unduly affect their access to the general resources of the Fund. 1. Subject to paragraph 4 below, each Member participating in the Special Drawing Rights Department from 19 September 1997 shall receive, on the 30th day following the entry into force of the Fourth Amendment to this Agreement, an allocation of special drawing rights in an amount that causes its cumulative net allocation of special drawing rights to be 29.315788813% of its quota as at 19 September. 1997, provided that for participants whose quotas are not those indicated in resolution No. 1997. 45-2 of the Governing Council, the calculations will be made on the basis of the quotas proposed in this resolution. 5.

Where a Member has entered into an agreement with the Fund in accordance with paragraph 3, the Fund shall use the currencies of other Members allocated to that Member in accordance with point (d)(2) to redeem the currency of that Member allocated to other Members that have entered into agreements with the Fund in accordance with point 3. Any amount so exchanged will be exchanged in the currency of the Member to whom it has been allocated. If a Member withdraws from the Fund, the normal activities and transactions of the Fund shall cease in its currency and all accounts between it and the Fund shall be settled with the appropriate expedient by agreement between it and the Fund. If an agreement is not concluded immediately, the provisions of Appendix J shall apply to the Regulation. After the date of termination, the Fund shall pay interest on any outstanding balance of Special Drawing Rights held by a terminating Participant and the terminating Participant shall pay a fee for all outstanding obligations due to the Fund at the times and rates set out in Article XX. Payment shall be made in special drawing rights. A terminating Participant shall have the right to acquire Special Drawing Rights with freely usable currency in order to pay fees or investments in a transaction with a participant designated by the Fund or in agreement with another holder, or to dispose of special drawing rights obtained as an interest in a transaction with a participant designated under Article XIX; Section 5 or by agreement with another holder. 6. All rules and regulations, rates, procedures and decisions in force at the time of writing this Agreement shall remain in force until amended in accordance with the provisions of this Agreement.

The Fund shall prepare annual reports on the restrictions applicable under Section 2 of this Article. Any Member which maintains restrictions inconsistent with Sections 2, 3 or 4 of Article VIII shall consult annually with the Fund on their subsequent maintenance. The Fund may, if it considers that such a measure is necessary in exceptional circumstances, provide assurance to any Member that the conditions for the lifting of a particular restriction or for the general lifting of restrictions are favourable, which is inconsistent with the provisions of other Articles of this Convention. The member shall have a reasonable period of time to respond to such statements. If the Fund finds that the Member continues to maintain restrictions inconsistent with the objectives of the Fund, it shall be subject to Article XXVI, Section 2(a).2. A Member shall use the Special Drawing Rights to fulfil any obligation to pay gold into the Fund in redemption or subscription in progress at the time of the second amendment to this Agreement, but the Fund may require that such payments be made in whole or in part in the currencies of other Members designated by the Fund. A non-participant fulfils an obligation that must be paid under this provision in the form of special drawing rights in the currencies of other members determined by the Fund. For the proposed amendment to reform the Board of Trustees to enter into force, it must be adopted by three-fifths of the Fund`s 189 members (113 members) with 85 per cent of the Fund`s total voting rights. Until the 21st.

In January 2016, 149 members approved the amendment with 94.04% of the total vote. These members are listed below1. 7. To the extent that the arrangements equivalent to points (a) and (b) are not finalised before the date of the second amendment to this Agreement, the Fund shall thus take effect on quota increases under the 14th General Review of Quotas, on the entry into force of the proposed amendment to the reform of the Executive Board and on the approval of the quota increase by members representing at least 70 % of the total quotas (as at 5 November 2010). As of April 24, 2017, 184 members had approved with 99.757% of the total quota. These members are listed below2. 1. Where the obligation remaining after the set-off referred to in point (b) of Section XXIV of Section XXIV exists and no agreement is concluded within six months of the date of termination between the Fund and the terminating participant, the Fund shall redeem that balance of the special drawing rights in equal semi-annual instalments within a maximum period of five years from the date of termination. .