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  CONCEPT NOTE ON SING

Adoption of another country’s currency, e.g dollarization with no Monetary Union. Ongoing Integrated Monetary Initiatives in Africa are: 1. Re-establishing the Shilling in EAC 2. Establishing the West African Economic Monetary Union (WAEMU) to merge with West African Monetary Union (WAMU) to create the ‘Eco’ as the single currency for WAEMU and ECOWAS. (...) Document answers to questions raised above, diagnose the challenges and proffer mechanisms that can fast-track the harmonization of policies for a Monetary Union and the establishment of the African Central Bank by 2023. 2.

Score: 1245633.4 - https://www.uneca.org/sites/de...fta-implementation_aug2021.pdf

  United Nations Natio

The Organization, in reaching its final decision in cases involving the criteria set forth in paragraph 2(a) of Article 21 shall give special weight to the opinions [Accept the determination] of the lnternational Monetary Fund as to what constitutes a serious decline in the Member's monetary reserves, a very low level of its monetary reserves or a reasonable rate of increase in its monetary reserves, and as to the financial aspects of other matters covered in consultation in such cases." (...) (iv) Cooperatlon between the Organization and the Monetary Fund, which should be as close as possible in the field of balance of payments questions, will be impaired if the Organization is forced to carry out decisions with which it disagrees, but which are imposed upon it by the Monetary Fund. (...) (vi) If the Monetary Fund is to be given final decision on financial questions arising in connection with the Charter, it would be equally reasonable to provide that the Organization shouldhave final decision as to commercial or trade questions arising in Connection with the Articles of Agreement of the Monetary Fund.

Score: 1234337.2 - https://www.wto.org/gatt_docs/English/SULPDF/90040039.pdf

  Microsoft Word - Statement of Brazil - BBNJ 3.2

On iii (benefits), we understand that a non-exhaustive list of benefits should be developed, especially with regard to non-monetary benefits. Non-monetary benefits can include capacity building and different types of marine co-operation. On iv (modalities), letter a, our delegation favours the establishment of a monetary modality of benefit sharing, as we believe this approach would be able to respond to the current challenges faced by marine exploration and exploitation of MGRs of ABNJ. (...) The beneficiaries of the monetary modality would be all States, especially developing countries and the least developed countries.

Score: 1190521.3 - https://www.un.org/bbnj/sites/...g.bbnj/files/brazil-bbnj-3.pdf

  “REGISTERED”

“REGISTERED” ANNEX I “REGISTERED” “RATIFIED” in the Ministry of Justice by the Board of the Republic of Tajikistan National Bank of Tajikistan # 95, July 31 2003 #51, September 16, 1997 REGULATION ON PROCEDURE OF CARRYING CURRENCY TRANSACTIONS RELATED TO CAPITAL MOVEMENT Present Regulation is developed in accordance with Article 36 of the Law of the Republic of Tajikistan on National Bank of Tajikistan, Articles 6(2), 9(d) of the Law of the Republic of Tajikistan on Monetary Regulation and Monetary Control and determines the procedures of carrying currency transactions related to capital movement by the residents of the Republic of Tajikistan. (...) Submitting reports and control over monetary transactions related to capital movement 3.1 For all monetary transactions related to capital movement the National Bank of Tajikistan sets terms of submission, periodicity and volume of accountability that are directly included in the text of the Permission. 3.2 In case of not submitting in established order and due time the4 report and other information by residents as well as violating provisions of the issued Permission, Permission loses effect and resident pays a fine in the rate equivalent to USD 300. (...) Appendix 1 REPORT #7-DK On conducting monetary transactions related to capital movement_________________ (authorized bank of the Republic of Tajikistan ) For__________months 200____.

Score: 1182364.55 - https://www.wto.org/english/th...e/tjk_e/WTACCTJK11A1_LEG_5.pdf

  Final Acts of the World Conference on International Telecommunications (Dubai, 2012)

 Final Acts of the World Conference on International Telecommunications (Dubai, 2012) 7 42G 6.2.2 Unless otherwise agreed, parties engaged in the provision of international telecommunication services shall follow the relevant provisions as set out in Appendices 1 and 2. 42H 6.2.3 In the absence of special arrangements concluded between authorized operating agencies, the monetary unit to be used in the composition of accounting rates for international telecommunication services and in the establishment of international accounts shall be: – either the monetary unit of the International Monetary Fund (IMF), currently the Special Drawing Right (SDR), as defined by that organization; – or freely convertible currencies or other monetary unit agreed between the authorized operating agencies. 42HA Collection charges 42I 6.2.4 The charges levied on customers for a particular communication should in principle be the same in a given relation, regardless of the international route used for that communication. In establishing these charges, Member States should try to avoid dissymmetry between the charges applicable in each direction of the same relation. 42J Taxation 42K 6.3 Where, in accordance with the national law of a country, a fiscal tax is levied on collection charges for international telecommunication services, this tax shall normally be collected only in respect of international services billed to customers in that country, unless other arrangements are made to meet special circumstances. 42KA 6.4 Service telecommunications 42KB 6.4.1 Authorized operating agencies may in principle forgo the inclusion of service telecommunications in international accounting, under the relevant provisions of the Constitution and the Convention and these Regulations, having due regard for the need for reciprocal arrangements.

Score: 1179264.55 - https://www.itu.int/wftp3/Publ.../E/web/WebSearch/page0011.html

  Preparatory Process

Since the crisis, important reforms have been put in place to improve the functioning, stability and resilience of the international monetary and financial system. The global financial safety net has been strengthened, new coordination mechanisms have been established, and regulatory reforms have been initiated. (...) A/68/221. http://www.imf.org/external/np/sta/cofer/eng/cofer.pdf capital flows, better coordination of monetary and exchange rate policies and providing more robust financial safety nets. (...) Existing regional financial arrangements include the Arab Monetary Fund (established in 1976), the Latin American Reserve Fund (established in 1989), the European Union Balance of Payments Assistance Facility (established in 2002), the Chiang Mai Initiative Multilateralization (established in 2010), the Anti-Crisis Fund of the Eurasian Economic Community (established in 2009), as well as the European Stability Mechanism (established in 2012) and the BRICS Contingency Reserve Agreement, among other arrangements (see Figure).

Score: 1169081.1 - https://www.un.org/esa/ffd/wp-...rnational-financial-system.pdf

  WTO | The WTO and International Monetary Fund

WTO | The WTO and International Monetary Fund WORLD TRADE ORGANIZATION Home   |  About WTO   |  News & events   |  Trade topics   |  WTO membership   |  Documents & resources   |  External relations Contact us   |  Site map   |  A-Z   |  Search español   français home the wto wto & other organizations wto & imf WORK WITH OTHER INTERNATIONAL ORGANIZATIONS The WTO and the International Monetary Fund Globalization has increased the need for closer cooperation between the multilateral institutions with key roles in the formulation and implementation of different elements of the framework for global economic policy, in particular the International Monetary Fund (IMF), the World Bank and the World Trade Organization. Each of these organizations has a mandate for such cooperation in the agreements under which they have been established. They also have signed agreements among themselves, for mutual cooperation and regular consultation, which identify mechanisms designed to foster greater coherence in global economic policy-making . (...) Declaration on the Relationship of the World Trade Organization with the International Monetary Fund , from the Uruguay Round Final Act. Consult news release “ WTO-IMF sign Cooperation Agreemen ”, December 1996      back to top Documents on Coherence   Search Documents Online General documents on Coherence use the code WT/TF/COH/* (where * takes additional values).

Score: 1165369.3 - https://www.wto.org/English/thewto_e/coher_e/wto_imf_e.htm

  WTO | The WTO and International Monetary Fund

WTO | The WTO and International Monetary Fund WORLD TRADE ORGANIZATION Home   |  About WTO   |  News & events   |  Trade topics   |  WTO membership   |  Documents & resources   |  External relations Contact us   |  Site map   |  A-Z   |  Search español   français home the wto wto & other organizations wto & imf WORK WITH OTHER INTERNATIONAL ORGANIZATIONS The WTO and the International Monetary Fund Globalization has increased the need for closer cooperation between the multilateral institutions with key roles in the formulation and implementation of different elements of the framework for global economic policy, in particular the International Monetary Fund (IMF), the World Bank and the World Trade Organization. Each of these organizations has a mandate for such cooperation in the agreements under which they have been established. They also have signed agreements among themselves, for mutual cooperation and regular consultation, which identify mechanisms designed to foster greater coherence in global economic policy-making . (...) Declaration on the Relationship of the World Trade Organization with the International Monetary Fund , from the Uruguay Round Final Act. Consult news release “ WTO-IMF sign Cooperation Agreemen ”, December 1996      back to top Documents on Coherence   Search Documents Online General documents on Coherence use the code WT/TF/COH/* (where * takes additional values).

Score: 1165369.3 - https://www.wto.org/english/thewto_e/coher_e/wto_imf_e.htm

  Microsoft Word - gatt1994_art15_jur.doc

In all cases in which the CONTRACTING PARTIES are called upon to consider or deal with problems concerning monetary reserves, balances of payments or foreign exchange arrangements, they shall consult fully with the International Monetary Fund. (...) The CONTRACTING PARTIES in reaching their final decision in cases involving the criteria set forth in paragraph 2 (a) of Article XII or in paragraph 9 of Article XVIII, shall accept the determination of the Fund as to what constitutes a serious decline in the contracting party's monetary reserves, a very low level of its monetary reserves or a reasonable rate of increase in its monetary reserves, and as to the financial aspects of other matters covered in consultation in such cases. 3. (...) The Panel in Dominican Republic – Import and Sale of Cigarettes found that Article XV:9(a) is an exception or an affirmative defence, and therefore the party invoking this exception "bears the burden to establish bears the burden to establish: (i) that the foreign exchange fee measure is an "exchange control or exchange restriction" within the meaning of Article XV:9(a); and (ii) that the measure is "in accordance with" the Articles of Agreement of the International Monetary Fund", as required by Article XV:9(a).9 8.

Score: 1159518.3 - https://www.wto.org/english/re.../ai17_e/gatt1994_art15_jur.pdf

  SPECIFIC PROPOSALS CONTAINED IN RESPONSES TO POINT 1.2 OF THE QUESTIONNAIRE

China ARTICLE 6 (ITRs) Charging and Accounting To recognize current commercial practice. 6.3 Monetary unit 6.3.1 In the absence of special arrangements concluded between admi​nistrations *, the monetary unit to be used in the composition of accounting rates for international telecommunication services and in the establishment of international accounts shall be freely convertible currencies such as US dollar or euro or other currencies agreed upon by the debtors and creditors. 6.3.2 In accordance with relevant provisions of the International Telecommunication Convention, this provision shall not affect the possibility open to administrations* of establishing bilateral arrange​ments for mutually acceptable coefficients between the monetary units. (...) Add new provisions to update the procedures relating to the monetary unit used for settlement rate agreements. (...) The level of the charges is a national matter; however, in establishing these charges, administrations* should try to avoid too great a dissymmetry between the charges applicable in each direction of the same relation. 6.1.2 The charge levied by an administration* on customers for a particular communication should in principle be the same in a given relation, regardless of the route chosen by that administration*. 6.2 Accounting rates 6.2.1 For each applicable service in a given relation, administrations* shall by mutual agreement establish and revise accounting rates to be applied between them, in accordance with the provisions of Appendix 1 and taking into account relevant CCITT Recommendations and relevant cost trends. 6.3 Monetary unit 6.3.1 In the absence of special arrangements concluded between administrations* , the monetary unit to be used in the composition of accounting rates for international telecommunication services and in the establishment of international accounts shall be: – either the monetary unit of the International Monetary Fund (IMF), currently the Special Drawing Right (SDR), as defined by that organization; – or the gold franc, equivalent to 1/3.061 SDR. 6.3.2 In accordance with relevant provisions of the International Telecommunication Convention, this provision shall not affect the possibility open to administrations* of establishing bilateral arrange​ments for mutually acceptable coefficients between the monetary unit of the IMP and the gold franc. 6.4 Establishment of accounts and settlement of balances of account 6.4.1 Unless otherwise agreed, administrations* shall follow the relevant provisions as set out in Appendices 1 and 2. 6.5 Service and privilege telecommunications 6.5.1 Administrations* shall follow the relevant provisions as set out in Appendix 3.

Score: 1153984.3 - https://www.itu.int/ITU-T/secu...ed/itr/documents/itr-id011.doc