Temporary Safeguard Measures. 1. A Party may adopt or maintain measures not conformingwith its obligations under Article 58 relating to cross-border capital transactions and Article 63: (a) in the event of serious balance-of-payments andexternal financial difficulties or imminent threat thereof; or (b) in cases where, in exceptional circumstances,movements of capital cause or threaten to causeserious difficulties for macroeconomic management, in particular, monetary and exchangerate policies. 2. Measures referred to in paragraph 1 above: (a) shall be consistent with the Articles of Agreement of the International Monetary Fund, asmay be amended; (b) shall not exceed those necessary to deal with thecircumstances set out in paragraph 1 above; (c) shall be temporary and shall be eliminated assoon as conditions permit; and (d) shall be promptly notified to the other Party. 3. Nothing in this Chapter shall be regarded as alteringthe rights enjoyed and obligations undertaken by a Party asa party to the Articles of Agreement of the InternationalMonetary Fund, as may be amended.
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