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

Policy Papers, June 27, 2016

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

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Bibliographic details

• Published: June 27, 2016
• Series: Policy Papers

Executive summary

• 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.
• 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).
• 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.

Findings and implications

• Consent deadline timeline:
  • Current deadline: June 30, 2016.
  • Proposed extended deadline: December 30, 2016.
• Legal authority:
  • Extension authorized by Board of Governors Resolution No. 66-2, enabling the Executive Board to extend the period for consent.
  • Extension under Resolution No. 66-2 has the effect of also extending consent periods under Resolution No. 63-2 and Resolution No. 53-2.
• Payment of quotas:
  • Proposed extension of payment periods for quota increases under the Fourteenth Review through December 30, 2016.
  • Proposed extension of payment periods for quota increases under the 2008 Reform through December 30, 2016.

Policy recommendation

• Approve a six-month extension (through December 30, 2016) for:
  • Member consent to quota increases under the Fourteenth Review.
  • Payment of quota increases under the Fourteenth Review.
  • Payment of quota increases under the 2008 Reform of Quota and Voice.

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
  • Extension of the Periods for Consent to and Payment of Quota Increases (Markdown version)
  • Extension of the Periods for Consent to and Payment of Quota Increases (PDF)