(ii)To facilitate the expansion and balanced arowth of intemational trade.and to contribute thereby to the promotion and maintenance of high levels of employment and real incom and to the development of the productive resources of all members as primary objectives of economic policy. (iii)To promote exchange stability,to maintain orderly exchange arrangements amona members.and to avoid competitive exchange depreciation (iv)To establishment of a mulilateral system of payme foreign exchange restrictions which hamper the growth of world trade. (v)To give confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards,thus providing with opportun nity to comre aladjustments in their balar payment intemati (vi)In accordance with the above,to shorten the duration and lessen the degree of disequilibrium in the intemational balances of payments of members. The Fund shall be guided in all its policies and decisions by the purposes set forth 2.1.2 Status The Fund shall possess full juridical personality,and in particular,the capacity: (i)to contract (ii)to acquire and dispose of immovable and movable property;and (iii)to institute legal proceedings. 2.1.3M mber Original members The original members of the Fund shall be those of the countries represented at the United Nations Monetary and Financial Conference whose govemments mbership before December 31.1945. mbers embership shall be open to other countries at such times and in accordance with such terms as may be prescribed by the Board of Governors.These terms including the terms for subscriptions,shall be based on principles consistent with those applied to other countries that are already members. 2.1.4 Structure The Fund shall have a Board of Govemnors,an Executive Board,a Managing Director,and a staff,and a Council if the Board of Govemors decides,by an eighty-five percent majority of the total voting power,that the provisions of Schedule D shall be applied. Board of govemors Govemors,the Executive Board,or the Managing Director shall be vested in the Board of Govemors.The Board of Govemors shall consist of one Govemor and one Altemate appointed by each member in such manner as it may determine.Each Govemor and each Altemate shall serve until a new > 7 (ii)To facilitate the expansion and balanced growth of international trade, and to contribute thereby to the promotion and maintenance of high levels of employment and real income and to the development of the productive resources of all members as primary objectives of economic policy. (iii)To promote exchange stability, to maintain orderly exchange arrangements among members, and to avoid competitive exchange depreciation. (iv)To assist in the establishment of a multilateral system of payments in respect of current transactions between members and in the elimination of foreign exchange restrictions which hamper the growth of world trade. (v)To give confidence to members by making the general resources of the Fund temporarily available to them under adequate safeguards, thus providing them with opportunity to correct maladjustments in their balance of payments without resorting to measures destructive of national or international prosperity. (vi)In accordance with the above, to shorten the duration and lessen the degree of disequilibrium in the international balances of payments of members. The Fund shall be guided in all its policies and decisions by the purposes set forth . 2.1.2 Status The Fund shall possess full juridical personality, and in particular, the capacity: (i) to contract; (ii) to acquire and dispose of immovable and movable property; and (iii) to institute legal proceedings. 2.1.3 Membership Original members The original members of the Fund shall be those of the countries represented at the United Nations Monetary and Financial Conference whose governments accept membership before December 31, 1945. Other members Membership shall be open to other countries at such times and in accordance with such terms as may be prescribed by the Board of Governors. These terms, including the terms for subscriptions, shall be based on principles consistent with those applied to other countries that are already members. 2.1.4 Structure The Fund shall have a Board of Governors, an Executive Board, a Managing Director, and a staff, and a Council if the Board of Governors decides, by an eighty-five percent majority of the total voting power, that the provisions of Schedule D shall be applied. Board of Governors (a) All powers under this Agreement not conferred directly on the Board of Governors, the Executive Board, or the Managing Director shall be vested in the Board of Governors. The Board of Governors shall consist of one Governor and one Alternate appointed by each member in such manner as it may determine. Each Governor and each Alternate shall serve until a new