Article VI – Capital Transfers
E1011961
Article VI – Capital Transfers is a provision of the IMF’s Articles of Agreement that regulates members’ rights and limitations regarding the movement of capital across borders, particularly to prevent destabilizing capital flows.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Article VI – Capital Transfers canonical | 1 |
Statements (35)
| Predicate | Object |
|---|---|
| instanceOf | provision of the IMF Articles of Agreement ⓘ |
| addresses | restrictions on payments and transfers for capital transactions ⓘ |
| adoptedBy | United Nations Monetary and Financial Conference at Bretton Woods NERFINISHED ⓘ |
| aimsTo |
prevent destabilizing capital flows
ⓘ
protect members’ balance of payments stability ⓘ |
| allows | IMF to request members to exercise controls to prevent use of IMF resources for capital flight ⓘ |
| alsoKnownAs | Article VI of the IMF Articles of Agreement NERFINISHED ⓘ |
| appliesTo | all IMF member countries ⓘ |
| basedOn | concern about destabilizing short‑term capital movements ⓘ |
| citedIn |
IMF legal opinions on capital account regulation
ⓘ
academic literature on capital controls and the IMF ⓘ |
| clarifies | that members are not obliged to liberalize capital account transactions ⓘ |
| distinguishesBetween | current account transactions and capital account transactions ⓘ |
| embeddedIn | original Bretton Woods international monetary framework ⓘ |
| frameworkFor | member states’ policies on cross‑border capital movements ⓘ |
| grantsRightTo |
IMF members to exercise controls on capital transfers
ⓘ
IMF members to regulate capital movements ⓘ |
| hasLegalStatus | binding treaty obligation for IMF members ⓘ |
| influences | IMF conditionality related to capital account measures ⓘ |
| inForceSince | 1945 ⓘ |
| legalBasisFor | members’ use of capital controls under IMF rules ⓘ |
| limits | IMF authority over capital account transactions compared to current account transactions ⓘ |
| objective |
avoid competitive exchange depreciation linked to capital flows
ⓘ
maintain orderly exchange arrangements ⓘ |
| partOf | Articles of Agreement of the International Monetary Fund NERFINISHED ⓘ |
| permits |
members to regulate capital movements for balance of payments reasons
ⓘ
members to use capital controls to prevent large or volatile capital outflows ⓘ |
| prohibits |
members from using IMF general resources to meet large or sustained capital outflows
ⓘ
use of IMF resources to finance capital flight ⓘ |
| regulates |
capital transfers by IMF member countries
ⓘ
members’ rights regarding movement of capital across borders ⓘ |
| relatedTo |
Article VIII of the IMF Articles of Agreement
NERFINISHED
ⓘ
IMF policies on capital account liberalization ⓘ |
| scope | capital transfers and related payments ⓘ |
| subjectOf | IMF jurisdiction over capital account transactions ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Articles of Agreement of the International Monetary Fund
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hasPart
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Article VI – Capital Transfers
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