Règlement grand-ducal du 9 octobre 2012 modifiant le règlement grand-ducal modifié du 17 septembre 2004 fixant les conditions et modalités de l’octroi d’avances temporaires de fonds pour le paiement de dépenses de l’Etat.

15 octobre 2012

Règlement grand-ducal du 9 octobre 2012 modifiant le règlement grand-ducal modifié du 17 septembre

2004 fixant les conditions et modalités de l’octroi d’avances temporaires de fonds pour le paiement

de dépenses de l’Etat.

Nous Henri, Grand-Duc de Luxembourg, Duc de Nassau,

Vu l’article 63 de la loi modifiée du 8 juin 1999 sur le budget, la comptabilité et la trésorerie de l’Etat;

Vu l’article 2 (1) de la loi modifiée du 12 juillet 1996 portant réforme du Conseil d’Etat et considérant qu’il y a

urgence;

Sur le rapport de Notre Ministre des Finances et après délibération du Gouvernement en Conseil;

Arrêtons

A l’article 3 paragraphe (1) du règlement grand-ducal modifié du 17 septembre 2004 fixant les conditions

et modalités de l’octroi d’avances temporaires de fonds pour le paiement de dépenses de l’Etat, il est ajouté un point

ayant la teneur suivante: «f) en relation avec les dotations aux comptables extraordinaires en poste à l’étranger. Ces

avances se limitent aux dotations à recevoir à charge de l’exercice budgétaire à venir et ne peuvent être payées avant

le 1er décembre de l’année précédente. Par dérogation à l’article 1er ci-avant, ces avances sont dispensées de l’obligation

d’un engagement budgétaire préalable;».

Est approuvé l’amendement aux statuts du Fonds monétaire international décidé par le conseil des

gouverneurs aux termes de sa résolution n° 66-2 du 15 décembre 2010.

Il sera émis au nom et pour compte du Trésor une monnaie commémorative en argent et or nordique.

A l’article 3 paragraphe (3) du règlement grand-ducal modifié du 17 septembre 2004 fixant les conditions et

modalités de l’octroi d’avances temporaires de fonds pour le paiement de dépenses de l’Etat, il est ajouté la disposition

suivante: «– pour celles sous f), la régularisation se fait en début d’exercice sur les dotations ordonnancées par le

ministère ordonnateur concerné;».

Le Gouvernement est autorisé à prendre les mesures nécessaires en vue de l’augmentation de la quote-part

du Luxembourg auprès du Fonds monétaire international à concurrence d’un montant de 903,1 millions de droits de

tirage spéciaux pour la porter à 1.321,8 millions de droits de tirage spéciaux.

Mandons et ordonnons que la présente loi soit insérée au Mémorial pour être exécutée et observée par tous ceux

que la chose concerne.

Le Ministre des Finances,

Château de Berg, le 10 octobre 2012.

Luc Frieden

Henri

Doc. parl. 6445; sess. ord. 2011-2012 et 2012-2013.

ANNEXE

Resolution 66-2

FOURTEENTH GENERAL REVIEW OF QUOTAS AND REFORM OF THE EXECUTIVE BOARD

In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Governors on November 10,

2010 for a vote without meeting

RESOLVED

WHEREAS the Executive Board has submitted to the Board of Governors a report entitled “Fourteenth General

Review of Quotas and Reform of the Executive Board: Report of the Executive Board to the Board of Governors,”

hereinafter the “Report”; and

WHEREAS the International Monetary and Financial Committee in its April 2009 Communiqué called on the

Executive Board to bring forward the deadline for completion of the Fourteenth General Review of Quotas by two

years, to January 2011; and

WHEREAS the Executive Board has recommended increases in the quotas of members of the Fund as a result of

the Fourteenth General Review of Quotas; and

WHEREAS the Executive Board has recommended an amendment of the Articles of Agreement to establish an

Executive Board consisting solely of elected Executive Directors; and

WHEREAS the Executive Board has recommended that, following the first regular election of Executive Directors

after entry into force of the proposed amendment of the Articles of Agreement approved under Board of Governors

Resolution No. 63-2, an Executive Director elected by 7 or more members should be entitled to appoint two Alternate

Executive Directors; and

WHEREAS the Chairman of the Board of Governors has requested the Secretary of the Fund to bring the proposal

of the Executive Board before the Board of Governors; and

WHEREAS the Report of the Executive Board setting forth its proposal has been submitted to the Board of

Governors by the Secretary of the Fund; and

WHEREAS the Executive Board has requested the Board of Governors to vote on the following Resolution without

meeting, pursuant to Section 13 of the By-Laws of the Fund

NOW, THEREFORE, the Board of Governors, noting the recommendations and the said Report of the Executive

Board, hereby RESOLVES that

Increases in Quotas of Members

1. The International Monetary Fund proposes that, subject to the provisions of this Resolution, the quotas of

members of the Fund shall be increased to the amounts shown against their names in Attachment I to this Resolution.

2. A member’s increase in quota as proposed by this Resolution shall not become effective unless that member has

consented in writing to the increase not later than the date prescribed by or under paragraph 4 below and has paid the

increase in full within the period prescribed by or under paragraph 5 below, provided that no member with overdue

repurchases, charges, or assessments to the General Resources Account may consent to or pay for the increase in its

quota until it becomes current in respect of those obligations.

3. No increase in quotas proposed by this Resolution shall become effective until

(i) the Executive Board has determined that members having not less than 70 percent of the total of quotas on

November 5, 2010 have consented in writing to the increases in their quotas;

(ii) the proposed amendment of the Articles of Agreement set out in Attachment II of this Resolution has entered

into force; and

(iii) the proposed amendment of the Articles of Agreement approved under Board of Governors Resolution No. 63-

2 has entered into force.

Each member commits to use its best efforts to complete these steps no later than the Annual Meetings in 2012.

The Executive Board is requested to monitor, on a quarterly basis, the progress made in the implementation of

these steps.

4. Notices in accordance with paragraph 2 above shall be executed by a duly authorized official of the member and

must be received in the Fund before 6:00 p.m., Washington time, December 31, 2011, provided that the Executive

Board may extend this period as it may determine.

5. Each member shall pay to the Fund the increase in its quota within 30 days after the later of (a) the date on which

it notifies the Fund of its consent, or (b) the date on which all of the conditions set forth in paragraph 3 above are met,

provided that the Executive Board may extend the payment period as it may determine.

6. When deciding on an extension of the period for consent to or payment for the increase in quotas, the Executive

Board shall give particular consideration to the situation of members that may still wish to consent to or pay for the

increase in quota, including members with protracted arrears to the General Resources Account, consisting of overdue

repurchases, charges or assessments to the General Resources Account that, in its judgment, are cooperating with the

Fund toward the settlement of these obligations.

7. For members that have not yet consented to their increases in quotas under the Eleventh General Review and

under Board of Governors Resolution No. 63-2, the deadline for consent to such quota increases shall be the date

determined by or under paragraph 4 above.

8. Each member shall pay 25 percent of its increase either in special drawing rights or in the currencies of other

members specified, with their concurrence, by the Fund, or in any combination of special drawing rights and such

currencies. The balance of the increase shall be paid by the member in its own currency.

Quota Formula and Fifteenth General Review of Quotas

9. The Executive Board is requested to complete a comprehensive review of the formula by January 2013.

10. The Executive Board is requested to bring forward the timetable for completion of the Fifteenth General Review

of Quotas to January 2014. Any realignment is expected to result in increases in the quota shares of dynamic economies

in line with their relative positions in the world economy, and hence likely in the share of emerging market and

developing countries as a whole. Steps shall be taken to protect the voice and representation of the poorest members.

Review of NAB Credit Arrangements

11. In light of the proposed increases in quotas under the Fourteenth General Review, the Executive Board and

participants in the New Arrangements to Borrow (NAB) are requested to undertake a review of NAB credit

arrangements by November 2011, with a corresponding roll-back of the NAB, preserving relative shares, to become

effective when the conditions set forth in paragraph 3 of this Resolution are met and the quota payments associated

with the participation threshold in paragraph 3(i) of this Resolution have been made.

Proposed Amendment of the Articles of Agreement of the International Monetary Fund on the

Reform of the Executive Board

12. The proposed amendment of the Articles of Agreement of the International Monetary Fund set forth in

Attachment II to this Resolution (the “Proposed Amendment on the Reform of the Executive Board”) is approved.

13. The Secretary is directed to ask all members of the Fund, by circular letter or telegram, or other rapid means

of communication, whether they accept, in accordance with the provisions of Article XXVIII of the Articles, the

Proposed Amendment on the Reform of the Executive Board.

14. The communication to be sent to all members in accordance with paragraph 13 of this Resolution shall specify

that the Proposed Amendment on the Reform of the Executive Board shall enter into force for all members on the

date on which the Fund certifies, by a normal communication addressed to all members, that three-fifths of the

members, having eighty-five percent of the total voting power, have accepted the Proposed Amendment on the reform

of the Executive Board.

Additional Alternate Executive Directors

15. Following the first regular election of Executive Directors after the entry into force of the amendment of the

Articles of Agreement approved under Board of Governors Resolution No. 63-2, an Executive Director elected by

seven or more members shall be entitled to appoint two Alternate Executive Directors.

16. As a condition for appointing two Alternate Executive Directors, an Executive Director is required to designate

by notification to the Secretary of the Fund: (i) the Alternate who shall act for the Executive Director when he is not

present and both Alternates are present; and (ii) the Alternate who shall exercise the powers of the Executive Director

pursuant to Article XII, Section 3(f). By notification to the Secretary of the Fund, an Executive Director may change

these designations at any time.

Size and Composition of the Executive Board

17. The Board of Governors takes note of

(i) the commitment to reduce, as a means of achieving greater representation of emerging market and developing

countries, the number of Executive Directors representing advanced European countries by two no later than

the first regular election of Executive Directors after the conditions set forth in paragraph 3 of this Resolution

are met, and

(ii) the commitment of the Fund’s membership to maintain an Executive Board consisting of 24 Executive Directors,

and to review the composition of the Executive Board every eight years following the date the conditions set

forth in paragraph 3 of this Resolution are met.

Attachment I. Proposed Quotas

Proposed Quota

(In millions of SDRs)

Afghanistan, Islamic Republic of

323.8

Albania

139.3

Algeria

1,959.3.

Angola

740.1

Antigua and Barbuda

20.0

Argentina

3,187.3

Armenia

128.8

Australia

6,572.4

Austria

3,932.0

Azerbaijan

391.7

Bahamas, The

182.4

Bahrain

395.0

Bangladesh

1,066.6

Barbados

94.5

Belarus

681.5

Belgium

6,410.7

Belize

26.7

Benin

123.8

Bhutan

20.4

Bolivia

240.1

Bosnia and Herzegovina

265.2

Botswana

197.2

Brazil

11,042.0

Brunei Darussalam

301.3

Bulgaria

896.3

Burkina Faso

120.4

Burundi

154.0

Cambodia

175.0

Cameroon

276.0

Canada

11,023.9

Cape Verde

23.7

Central African Republic

111.4

Chad

140.2

Chile

1,744.3

China

30,482.9

Colombia

2,044.5

Comoros

17.8

Congo, Democratic Republic of the

1,066.0

Congo, Republic of

162.0

Costa Rica

369.4

Côte d’Ivoire

650.4

Croatia

717.4

Cyprus

303.8

Czech Republic

2,180.2

Denmark

3,439.4

Djibouti

31.8

Dominica

11.5

Dominican Republic

477.4

Ecuador

697.7

Egypt

2,037.1

Proposed Quota

(In millions of SDRs)

El Salvador

287.2

Equatorial Guinea

157.5

Eritrea

36.6

Estonia

243.6

Ethiopia

300.7

Fiji

98.4

Finland

2,410.6

France

20,155.1

Gabon

216.0

Gambia, The

62.2

Georgia

210.4

Germany

26,634.4

Ghana

738.0

Greece

2,428.9

Grenada

16.4

Guatemala

428.6

Guinea

214.2

Guinea-Bissau

28.4

Guyana

181.8

Haiti

163.8

Honduras

249.8

Hungary

1,940.0

Iceland

321.8

India

13,114.4

Indonesia

4,648.4

Iran, Islamic Republic of

3,567.1

Iraq

1,663.8

Ireland

3,449.9

Israel

1,920.9

Italy

15,070.0

Jamaica

382.9

Japan

30,820.5

Jordan

343.1

Kazakhstan

1,158.4

Kenya

542.8

Kiribati

11.2

Korea, Republic of

8,582.7

Kosovo

82.6

Kuwait

1,933.5

Kyrgyz Republic

177.6

Lao People’s Dem. Republic

105.8

Latvia

332.3

Lebanon

633.5

Lesotho

69.8

Liberia

258.4

Libya

1,573.2

Lithuania

441.6

1,321.8

Macedonia, Former Yugoslav Republic of

140.3

Madagascar

244.4

Proposed Quotas (Concluded)

Proposed Quota

(In millions of SDRs)

Malawi

138.8

Malaysia

3,633.8

Maldives

21.2

Mali

186.6

Malta

168.3

Marshall Islands

4.9

Mauritania

128.8

Mauritius

142.2

Mexico

8,912.7

Micronesia, Federal States of

7.2

Moldova

172.5

Mongolia

72.3

Montenegro

60.5

Morocco

894.4

Mozambique

227.2

Myanmar

516.8

Namibia

191.1

Nepal

156.9

Netherlands

8,736.5

New Zealand

1,252.1

Nicaragua

260.0

Niger

131.6

Nigeria

2,454.5

Norway

3,754.7

Oman

544.4

Pakistan

2,031.0

Palau

4.9

Panama

376.8

Papua New Guinea

263.2

Paraguay

201.4

Peru

1,334.5

Philippines

2,042.9

Poland

4,095.4

Portugal

2,060.1

Qatar

735.1

Romania

1,811.4

Russian Federation

12,903.7

Rwanda

160.2

Samoa

16.2

San Marino

49.2

São Tomé and Príncipe

14.8

Saudi Arabia

9,992.6

Senegal

323.6

Serbia

654.8

Seychelles

22.9

Proposed Quota

(In millions of SDRs)

Sierra Leone

207.4

Singapore

3,891.9

Slovak Republic

1,001.0

Slovenia

586.5

Solomon Islands

20.8

Somalia

163.4

South Africa

3,051.2

Spain

9,535.5

Sri Lanka

578.8

St. Kitts and Nevis

12.5

St. Lucia

21.4

St. Vincent and the Grenadines

11.7

Sudan

630.2

Suriname

128.9

Swaziland

78.5

Sweden

4,430.0

Switzerland

5,771.1

Syrian Arab Republic

1,109.8

Tajikistan

174.0

Tanzania

397.8

Thailand

3,211.9

Timor-Leste

25.6

Togo

146.8

Tonga

13.8

Trinidad and Tobago

469.8

Tunisia

545.2

Turkey

4,658.6

Turkmenistan

238.6

Tuvalu

2.5

Uganda

361.0

Ukraine

2,011.8

United Arab Emirates

2,311.2

United Kingdom

20,155.1

United States

82,994.2

Uruguay

429.1

Uzbekistan

551.2

Vanuatu

23.8

Venezuela, R.B. de

3,722.7

Vietnam

1,153.1

Yemen, Republic of

487.0

Zambia

978.2

Zimbabwe

706,8

Attachment II

Proposed Amendment of the Articles of Agreement

of the International Monetary Fund on the Reform

of the Executive Board

The Governments on whose behalf the present Agreement is signed agree as follows

1. The text of Article XII, Section 3(b) shall be amended to read as follows

“(b) Subject to (c) below, the Executive Board shall consist of twenty Executive Directors elected by the

members, with the Managing Director as chairman.”

2. The text of Article XII, Section 3(c) shall be amended to read as follows

“(c) For the purpose of each regular election of Executive Directors, the Board of Governors, by an eighty-five

percent majority of the total voting power, may increase or decrease the number of Executive Directors

specified in (b) above.”

3. The text of Article XII, Section 3(d) shall be amended to read as follows

“(d) Elections of Executive Directors shall be conducted at intervals of two years in accordance with regulations

which shall be adopted by the Board of Governors. Such regulations shall include a limit on the total number of

votes that more than one member may cast for the same candidate.”

4. The text of Article XII, Section 3(f) shall be amended to read as follows

“(f) Executive Directors shall continue in office until their successors are elected. If the office of an Executive

Director becomes vacant more than ninety days before the end of his term, another Executive Director shall be

elected for the remainder of the term by the members that elected the former Executive Director. A majority

of the votes cast shall be required for election. While the office remains vacant, the Alternate of the former

Executive Director shall exercise his powers, except that of appointing an Alternate.”

5. The text of Article XII, Section 3(i) shall be amended to read as follows

“(i) Each Executive Director shall be entitled to cast the number of votes which counted towards his election.

(ii) When the provisions of Section 5(b) of this Article are applicable, the votes which an Executive Director

would otherwise be entitled to cast shall be increased or decreased correspondingly. All the votes which an

Executive Director is entitled to cast shall be cast as a unit.

(iii) When the suspension of the voting rights of a member is terminated under Article XXVI, Section 2(b), the

member may agree with all the members that have elected an Executive Director that the number of votes

allotted to that member shall be cast by such Executive Director, provided that, if no regular election of

Executive Directors has been conducted during the period of the suspension, the Executive Director in whose

election the member had participated prior to the suspension, or his successor elected in accordance with

paragraph 3(c)(i) of Schedule L or with (f) above, shall be entitled to cast the number of votes allotted to the

member. The member shall be deemed to have participated in the election of the Executive Director entitled to

cast the number of votes allotted to the member.”

6. The text of Article XII, Section 3(j) shall be amended to read as follows

“(j) he Board of Governors shall adopt regulations under which a member may send a representative to attend

any meeting of the Executive Board when a request made by, or a matter particularly affecting, that member is

under consideration.”

7. The text of Article XII, Section 8 shall be amended to read as follows

“The Fund shall at all times have the right to communicate its views informally to any member on any matter

arising under this Agreement. The Fund may, by a seventy percent majority of the total voting power, decide to

publish a report made to a member regarding its monetary or economic conditions and developments which

directly tend to produce a serious disequilibrium in the international balance of payments of members. The

relevant member shall be entitled to representation in accordance with Section 3(j) of this Article. The Fund shall

not publish a report involving changes in the fundamental structure of the economic organization of members.”

8. The text of Article XXI(a)(ii) shall be amended to read as follows

“(a) (ii) For decisions by the Executive Board on matters pertaining exclusively to the Special Drawing Rights

Department only Executive Directors elected by at least one member that is a participant shall be entitled to

vote. Each of these Executive Directors shall be entitled to cast the number of votes allotted to the members

that are participants whose votes counted towards his election. Only the presence of Executive Directors

elected by members that are participants and the votes allotted to members that are participants shall be counted

for the purpose of determining whether a quorum exists or whether a decision is made by the required

majority.”

9. The text of Article XXIX(a) shall be amended to read as follows

“(a) Any question of interpretation of the provisions of this Agreement arising between any member and the

Fund or between any members of the Fund shall be submitted to the Executive Board for its decision. If the

question particularly affects any member, it shall be entitled to representation in accordance with Article XII,

Section 3(j).”

10.The text of paragraph 1(a) of Schedule D shall be amended to read as follows

“(a) Each member or group of members that has the number of votes allotted to it or them cast by an Executive

Director shall appoint to the Council one Councillor, who shall be a Governor, Minister in the government of a

member, or person of comparable rank, and may appoint not more than seven Associates. The Board of

Governors may change, by an eighty-five percent majority of the total voting power, the number of Associates

who may be appointed. A Councillor or Associate shall serve until a new appointment is made or until the next

regular election of Executive Directors, whichever shall occur sooner.”

11.The text of paragraph 5(e) of Schedule D shall be deleted.

12.Paragraph 5(f) of Schedule D shall be renumbered 5(e) of Schedule D and the text of the new

paragraph 5(e) shall be amended to read as follows

“(e) When an Executive Director is entitled to cast the number of votes allotted to a member pursuant to Article

XII, Section 3(i)(iii), the Councillor appointed by the group whose members elected such Executive Director shall

be entitled to vote and cast the number of votes allotted to such member. The member shall be deemed to have

participated in the appointment of the Councillor entitled to vote and cast the number of votes allotted to the

member.”

13.The text of Schedule E shall be amended to read as follows

“Transitional Provisions with Respect to Executive Directors

1. Upon the entry into force of this Schedule

(a) Each Executive Director who was appointed pursuant to former Article XII, Sections 3(b)(i) or 3(c), and was

in office immediately prior to the entry into force of this Schedule, shall be deemed to have been elected by

the member who appointed him; and

(b) Each Executive Director who cast the number of votes of a member pursuant to former Article XII, Section

3(i)(ii) immediately prior to the entry into force of this Schedule, shall be deemed to have been elected by

such a member.”

14.The text of paragraph 1(b) of Schedule L shall be amended to read as follows

“(b) appoint a Governor or Alternate Governor, appoint or participate in the appointment of a Councillor or

Alternate Councillor, or elect or participate in the election of an Executive Director.”

15.The text of the chapeau of paragraph 3(c) of Schedule L shall be amended to read as follows

“(c)The Executive Director elected by the member, or in whose election the member has participated, shall

cease to hold office, unless such Executive Director was entitled to cast the number of votes allotted to other

members whose voting rights have not been suspended. In the latter case:”

The Board of Governors adopted the foregoing Resolution, effective December 15, 2010.

Règlement grand-ducal du 10 octobre 2012 concernant l’émission d’une monnaie commémorative

dédiée à l’espèce végétale «Ophrys bourdon».

Nous Henri, Grand-Duc de Luxembourg, Duc de Nassau,

Vu les articles 37 et 39 de la Constitution;

Vu l’article 128 paragraphe 2 du Traité sur le fonctionnement de l’Union européenne;

Vu l’article 2 (1) de la loi modifiée du 12 juillet 1996 portant réforme du Conseil d’Etat et considérant qu’il y a

urgence;

Sur le rapport de Notre Ministre du Trésor et après délibération du Gouvernement en Conseil;

Arrêtons

Cette monnaie présentera les caractéristiques suivantes

Le centre de la pièce est en or nordique de couleur jaune, entouré d’un anneau en argent.

L’avers de la pièce représente en son centre, au premier plan, trois tiges d’Ophrys bourdon montrant trois fleurs

épanouies et des feuilles. La valeur nominale «5 EURO» apparaît dans la partie droite et le nom latin de l’espèce

végétale «OPHRYS FUCIFLORA» est inscrit dans l’anneau. L’arrière-plan de la pièce est lisse et brillant.

Le revers porte Notre portrait, l’indication «LËTZEBUERG» et le millésime «2012».

Elle est frappée en qualité «proof» et a la tranche lisse. Elle a un diamètre de 34 mm et son poids total de 14,93

grammes comprend 9 grammes d’argent au titre de 0,925 et 5,93 grammes d’or nordique.

Notre Ministre des Finances est chargé de l’exécution du présent règlement qui sera publié au Mémorial.

Le Ministre des Finances,

Château de Berg, le 9 octobre 2012.

Luc Frieden

Henri

Loi du 10 octobre 2012

– autorisant le Gouvernement à participer à la révision générale des quotes-parts des pays membres

du Fonds monétaire international approuvée par la résolution n° 66-2 du conseil des gouverneurs

en date du 15 décembre 2010

– approuvant l’amendement des Statuts du Fonds monétaire international décidé par le conseil des

gouverneurs aux termes de sa résolution n° 66-2 en date du 15 décembre 2010.

Nous Henri, Grand-Duc de Luxembourg, Duc de Nassau,

Notre Conseil d’Etat entendu;

De l’assentiment de la Chambre des Députés;

Vu la décision de la Chambre des Députés du 9 octobre 2012 et celle du Conseil d’Etat du 10 octobre 2012 portant

qu’il n’y a pas lieu à second vote;

Avons ordonné et ordonnons

Cette monnaie aura cours légal à partir du 1er octobre 2012 pour sa valeur faciale de 5 euros.

Notre Ministre du Trésor est chargé de l’exécution du présent règlement qui sera publié au Mémorial.

Le Ministre du Trésor,

Château de Berg, le 10 octobre 2012.

Jean-Claude Juncker

Henri

Editeur

Service Central de Législation, 43, boulevard F.-D. Roosevelt, L-2450 Luxembourg

Imprimeur: Association momentanée Imprimerie Centrale / Victor Buck