Extension Of The Periods For Consent To And Payment Of Quota Increase

Policy Papers, August 6, 2019

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On June 25, 2019, the IMF’s Executive Board approved 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 27, 2019.
The previous deadline was due to expire on June 28, 2019.
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 also extends 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).
The Executive Board also approved 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 27, 2019.

June 25, 2019: Executive Board approval of further six-month extension.
June 28, 2019: Original deadline that was due to expire.
December 27, 2019: New deadline for consent and payment periods (extension through this date).

Board of Governors Resolution No. 66-2: authorizes Executive Board to extend period for consent.
2008 Reform of Quota and Voice: Resolution No. 63-2 (periods of consent and payment extended when 66-2 is applied).
Eleventh General Review of Quotas: Resolution No. 53-2 (periods of consent extended when 66-2 is applied).