Current Developments in Monetary And Financial Law
Publisher: International Monetary Fund
Published: May 2, 2005
Language: eng
Format: Paperback
Number of pages: 1006
ISBN-13: 9781589063341
Subjects: Military; Law and legislation; Congresses; Business & Economics; Legal Reference / Law Profession; Reference - General; Business/Economics; Money; Finance; Banking law; Financial crises
First sentence: There are three reasons for concluding that the Covenant does not apply to the IMF: the IMF is not a party to the Covenant; the obligations imposed by the Covenant apply only to States, not to international organizations; and the Covenant, in its Article 24, explicitly recognizes that "[n]othing in the present Covenant shall be interpreted as impairing the provisions . . . of the constitutions of the specialized agencies which define the respective responsibilities . . . of the specialized agencies in regard to the matters dealt with in the present Covenant."