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

This paper 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. However, Board of Gov...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:Policy Papers
Subjects:
Pp
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a This paper 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. However, 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). This paper also 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