Policy Papers

Extension of the Period for Payment of Quota Increase Under the Fourteenth General Review of Quotas

Publication Date:

February 22, 2016

Electronic Access:

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Summary:

This paper proposes a 30-day extension of the initial period for payments to increase quotas under the Fourteenth General Review of Quotas (“Fourteenth Review”) through March 28, 2016. Under Board of Governors Resolution No. 66-2, each member shall pay to the Fund the increase in its quota within 30 days after the later of (a) the date on which it notifies the Fund of its consent, or (b) the date on which all of the general effectiveness conditions for the quota increases under the Fourteenth Review are met, provided that the Executive Board may extend the payment period as it may determine.

Series:

Policy Papers

Subject:

Consents to quota increases Executive Board decisions Fourteenth General Review of Quotas Lapse of time approval Payments arrangements