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

Policy Papers, January 15, 2020

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On December 20, 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 June 30, 2020.
The deadline was due to expire on December 27, 2019.
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 June 30, 2020.

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 extensions apply to both consent and payment periods for quota increases connected to:
- the Fourteenth General Review of Quotas,
- the 2008 Reform of Quota and Voice,
- the Eleventh General Review of Quotas (as extended via Resolution No. 66-2).

Publication date: January 15, 2020
Series: Policy Paper No. 2020/001
Issue: 001
Volume: 2020
Pages: 05
DOI: https://doi.org/10.5089/9781513526386.007
Stock No: PPEA2020001
ISBN: 9781513526386
ISSN: 2663-3493
Subject: Arrears, External debt
Keywords: Arrears, board of governors resolution No. 66-2, payment of quota, payment period, PP, quota payment, Reform of quota

Source: Extension Of The Periods For Consent To And Payment Of Quota Increases (Policy Papers 2020, 001).