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REPUBLIC OF KAZAKHSTAN APPLIES FOR IMF MEMBERSHIP

 REPUBLIC OF KAZAKHSTAN APPLIES FOR IMF MEMBERSHIP
 WASHINGTON, Jan. 14 /PRNewswire/ -- The government of the


Republic of Kazakhstan has filed an application for membership in the International Monetary Fund (IMF). In accordance with prescribed procedures, the application will be considered first by the IMF's executive board. After its consideration, the executive board will submit a report to the board of governors of the IMF with recommendations in the form of a "Membership Resolution." These recommendations cover the amount of quota in the IMF, the form of payment of the subscription and other customary terms and conditions of membership. After the board of governors has adopted the "Membership Resolution," the prospective member would need to take the legal steps required under its law to enable it to sign the IMF's Articles of Agreement and to fulfill the obligations of IMF membership.
 -0- 1/14/92
 /CONTACT: International Monetary Fund, External Relations Department, 202-623-7100/ CO: International Monetary Fund ST: District of Columbia IN: FIN SU:


MH-SB -- DC010 -- 9512 01/14/92 11:29 EST
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Publication:PR Newswire
Date:Jan 14, 1992
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