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

Download or read book Extension Of The Periods For Consent To And Payment Of Quota Increases written by International Monetary and published by International Monetary Fund. This book was released on 2022-07-11 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.