Press Release No. 16/446

IMF Executive Board Reports to the Board of Governors on Progress on the Fifteenth General Review of Quotas

October 4, 2016

On September 30, 2016, the Executive Board of the International Monetary Fund (IMF) adopted a report to the Board of Governors—the IMF’s highest decision-making body—on Progress on the Fifteenth General Review of Quotas (“Fifteenth Review”).

The report focuses on progress on the Fifteenth Review since the first quarter of 2016 and notes that Directors’ views on the quota formula have remained broadly unchanged since the Quota Formula Review of 2013 (see Press Release No. 13/30). Executive Directors will report further to the Board of Governors on how best to take forward the work on the Fifteenth Review.