The document is the 67th issue of the International Monetary Fund’s By‑Laws, Rules, and Regulations, effective November 2022. It provides the comprehensive legal and operational framework by which the IMF is governed and functions. The by‑laws detail the organizational structure and powers of key bodies such as the Board of Governors, the Executive Board, and various committees, outlining procedures for meetings, including how they are convened, the notice required, quorum requirements, and voting protocols. In addition, the document sets forth rules governing membership applications, adjustments to quotas, and other structural elements, as well as the delegation of authority and procedures for amending the governing documents. Part II outlines the operational rules and regulations that supplement the foundational Articles of Agreement and by‑laws, covering topics such as the valuation of Special Drawing Rights (SDRs), currency exchange procedures, charges and remuneration for transactions, and the accounting and reporting requirements that ensure transparent financial operations. It also includes detailed staff regulations, establishing the standards for employee conduct, neutrality, and disclosure requirements, all aimed at maintaining the highest level of professionalism and integrity as international civil servants. Overall, these by‑laws and rules provide the legal backbone for the IMF’s activities and its interactions with member countries, ensuring that the Fund’s operations are efficiently managed, transparent, and in strict compliance with its governing principles.

The Articles of Agreement of the International Monetary Fund serve as the IMF's fundamental charter. Adopted at the Bretton Woods Conference in 1944 and subsequently amended, they establish the IMF’s core purposes: to promote international monetary cooperation, foster balanced growth in international trade, maintain exchange rate stability, and provide temporary financial assistance to member countries facing balance-of-payments difficulties. The document sets forth the criteria for membership—including the rights and obligations of both original and later members—and details the quota system, which determines each member’s financial contribution and voting power. It also lays out rules governing the Fund’s operations, including how transactions are conducted (such as the exchange of currencies for special drawing rights), the handling of capital transfers, and procedures for replenishing scarce currency reserves.

In addition, the Articles define the organizational structure of the IMF by detailing the roles and responsibilities of the Board of Governors, the Executive Board, and the Managing Director and staff. They also address legal matters such as the immunities and privileges granted to the Fund and its officials, ensuring that the organization can operate independently in the global financial system. Finally, provisions for dispute resolution, amendments, and interpretation of the Agreement allow the Fund to adapt to changing international economic conditions while upholding its mandate to promote global financial stability and economic growth.