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

On June 15, 2022, 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, 2023.
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Volume/Issue: Volume 2022 Issue 034
Publication date: July 2022
ISBN: 9798400215131
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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Political Economy , PP , quota payment , payment of quota , board of governors resolution No , 66-2 , payment period , Reform of quota , Arrears , Quotas , Political Economy , transparency policy , consent to the increase , Fuel prices , COVID-19

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Summary

On June 15, 2022, 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, 2023. The previous deadline was due to expire on June 30, 2022. 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, 2023.

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