Press Release No. 08/13

Effective January 28, 2008 the Board of Governors of the International Monetary Fund (IMF) adopted a Resolution concluding the Thirteenth General Review of Quotas with no proposal to increase IMF quotas (see Press Release No. 08/02). The Board of Governors' Resolution to conclude the Thirteenth General Review is separate from the on-going work program on quota and voice reform, authorized at the Singapore Annual Meetings in September 2006. Quota and voice reform will address inter alia issues related to the distribution of quotas.