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International Monetary Fund
In the report, the Executive Board proposes that the Board of Governors adopt a Resolution: (i) noting the Report of the Executive Board and expressing regret that the timetable for completing the Fifteenth Review established under Resolution No. 71-2 is no longer within reach; (ii) calling on the Executive Board to work on the Fifteenth Review expeditiously in line with existing Executive Board understandings and the guidance provided by the IMFC on October 8, 2016 with the aim of completing the Fifteenth Review by the 2019 Spring Meetings and no later than the 2019 Annual Meetings; (iii) requesting that the Executive Board report on progress on the Fifteenth Review to the Board of Governors semiannually, with a first report by the 2017 Annual Meetings; and (iv) urging the remaining members who have not yet consented to their quota increases under the Fourteenth General Review of Quotas to do so without further delay and urging the members who have consented to their quota increases to make their quota payments in a timely manner.
International Monetary Fund

understandings and the guidance provided by the IMFC on October 8, 2016 with the aim of completing the Fifteenth Review by the 2019 Spring Meetings and no later than the 2019 Annual Meetings; (iii) requesting that the Executive Board report on progress on the Fifteenth Review to the Board of Governors semi-annually, with a first report by the 2017 Annual Meetings; and (iv) urging the remaining members who have not yet consented to their quota increases under the Fourteenth General Review of Quotas to do so without further delay and urging the members who have consented to

International Monetary Fund

previous Executive Board understandings, with the aim of completing the Fifteenth Review by the 2017 Annual Meetings; and (iv) requesting that the Executive Board report on progress on the Fifteenth Review to the Board of Governors by the 2016 Annual Meetings and the 2017 Spring Meetings.

International Monetary Fund
In completing the Fourteenth General Review of Quotas (hereafter the “Fourteenth Review”) and approving the proposed Amendment on the Reform of the Executive Board (hereafter the “Board Reform Amendment”), the Board of Governors requested the Executive Board to bring forward the timetable for completion of the Fifteenth General Review of Quotas (hereafter the “Fifteenth Review”) to January 2014.

specific proposals on the Fifteenth Review to the Board of Governors. Appendix I: Resolution No. [ ------- ] – Fifteenth General Review of Quotas In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Board of Governors on November 4, 2016 for a vote without meeting : WHEREAS the Board of Governors in Resolution No. 71–2 regretted that the Fifteenth General Review of Quotas (“Fifteenth Review”) had not been completed by December 15, 2015, resolved to continue the Fifteenth Review and called on the Executive Board to work

International Monetary Fund

the Fifteenth Review to the Board of Governors semiannually, with a first report by the 2017 Annual Meetings; and (4) urging the remaining members who have not yet consented to their quota increases under the Fourteenth General Review of Quotas to do so without further delay, and urging the members who have consented to their quota increases to make their quota payments in a timely manner. The Board of Governors adopted the resolution in early December 2016. Gender Diversity in the Executive Board The Executive Board in July 2016 issued its first report to