Extension of the Periods for Consent to and Payment of Quota Increases
Extension of the Periods for Consent to and Payment of Quota Increases
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Volume/Issue:
Volume 2023
Issue 032
Publication date: July 2023
ISBN: 9798400248160
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Topics covered in this book
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Money and Monetary Policy , Political Economy , Monetary Policy , Political Economy , Quotas , Quota increases , Payment for quota , GRQ , General Review of Quotas , payment period , payment of quota , transparency policy , reform of quota , reform of the executive board
Summary
On June 15, 2023, the IMF’s Executive Board approved an additional extension, for one year, 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, 2024. The previous deadline was due to expire on June 30, 2023. However, the Board of Governors Resolution No. 66-2 provides that the Executive Board may extend the period for consent as it may determine. The Executive Board also approved an additional extension by one year 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, 2024.
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