Policy Papers

Extension of the Periods for Consent to and Payment of Quota Increases

June 27, 2016

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Extension of the Periods for Consent to and Payment of Quota Increases, (USA: International Monetary Fund, 0) accessed September 19, 2024

Summary

This paper proposes a further six-month extension of the period for members to consent to an increase in their quotas under the Fourteenth General Review of Quotas (“Fourteenth Review”) through December 30, 2016. The current deadline is due to expire on June 30, 2016. However, Board of Governors Resolution No. 66-2 provides that the Executive Board may extend the period for consent as it may determine. An extension under Resolution No. 66-2 will also extend the periods of consent for quota increases under the 2008 Reform of Quota and Voice (Resolution No. 63-2) and the Eleventh General Review of Quotas (Resolution No. 53-2).

This paper also proposes a further six-month extension of the period for payment of quota increases under the Fourteenth Review, and an extension for the payment of the quota increases under the 2008 Reform, through December 30, 2016.

Subject: Consents to quota increases, Eleventh General Review of Quotas, Executive Board decisions, Fourteenth General Review of Quotas, Lapse of time approval

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