The bank and its executives must not interfere in the political affairs of a member; nor should they be influenced in their decisions by the political nature of the member or members concerned. Only economic considerations are important for their decisions and those considerations shall be weighed impartially in order to achieve the objectives set out in Article I. (a) in order to provide for voting arrangements which reflect the same interest for the Agency of the two categories of States listed in Annex A to this Agreement and the importance of the financial participation of each Member, each member has 177 votes and one subscription vote for each share held by that member. The Bretton Woods system of monetary administration established the rules governing trade and financial relations between the United States, Canada, Western European countries, Australia and Japan under the Bretton Woods Agreement of 1944. The Bretton Woods system was the first example of a fully negotiated monetary order that was to govern monetary relations among independent States. The main features of the Bretton Woods system were the obligation for each country to conduct a monetary policy that maintained its external exchange rates within 1 per cent by linking its currency to gold and the ability of the International Monetary Fund (IMF) to overcome temporary payment imbalances. In addition, the lack of cooperation between other countries must be addressed and competitive currency devaluation must be avoided. (ii) promote stability by fostering an orderly economic and financial environment and a monetary system that does not tend to lead to unpredictable disruptions; The Fund may determine, by a majority of eighty-five per cent of total voting rights, that international economic conditions permit the establishment of a generalized trading system on the basis of stable but customizable nominal values. The Fund shall make the assessment on the basis of the underlying stability of the world economy and shall take into account, for this purpose, price developments and rates of expansion in the economies of members.

The determination shall take into account developments in the international monetary system, taking into account in particular sources of liquidity, and, in order to ensure the proper functioning of a nominal value system, the rules according to which surplus members and deficit members of their balances of payments are immediate and efficient; and symmetrical measures to achieve adaptation, as well as provisions for intervention and treatment of imbalances. After such a finding, the Fund shall inform the members that the provisions of Scheme C shall apply. . . .