60 STAT.] MIULTILATERAL-INTERNATIONAL MONETARY FUND-DEC. 27, 1945 1415 ARTICLE X RELATIONS WITH OTHER INTERNATIONAL ORGANIZATIONS The Fund shall cooperate within the terms of this Agreement with any general international organization and with public international organizations having specialized responsibilities in related fields. Any arrangements for such cooperation which would involve a modifi- cation of any provision of this Agreement may be effected only after amendment to this Agreement under Article XVII. Pot,p. 1423. ARTICLE XI RELATIONS WITH NON-MEMBER COUNTRIES Section 1. Undertakings regarding relations with non-member countries Each member undertakes: (i) Not to engage in, nor to permit any of its fiscal agencies re- ferred to in Article V, Section 1, to engage in, any transac- A, p140 tions with a non-member or with persons in a non-member's territories which would be contrary to the provisions of this Agreement or the purposes of the Fund; (ii) Not to cooperate with a non-member or with persons in a non- member's territories in practices which would be contrary to the provisions of this Agreement or the purposes of the Fund; and (iii) To cooperate with the Fund with a view to the application in its territories of appropriate measures to prevent transactions with non-members or with persons in their territories which would be contrary to the provisions of this Agreement or the purposes of the Fund. Section 2. Restrictions on transactionswith non-member countries Nothing in this Agreement shall affect the right of any member to impose restrictions on exchange transactions with non-members or with persons in their territories unless the Fund finds that such restric- tions prejudice the interests of members and are contrary to the pur- poses of the Fund. ARTICLE XII ORGANIZATION AND MANAGEMENT Section 1. Structure of the Fund The Fund shall have a Board of Governors, Executive Directors, a Managing Director and a staff. Section 2. Board of Governors (a) All powers of the Fund shall be vested in the Board of Gov- ernors, consisting of one governor and one alternate appointed by each member in such manner as it may determine. Each governor and each alternate shall serve for five years, subject to the pleasure of the member appointing him, and may be reappointed. No alter- nate may vote except in the absence of his principal. The Board shall select one of the governors as chairman.
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