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International Monetary Fund. Finance Dept.

protracted arrears to the Fund’s General Resources Account. 5 , 6 A separate workstream related to Sudan is currently ongoing. 7 3. This paper also proposes an additional extension by one year of the periods for payment of quota increases under the Fourteenth Review, and for payment of quota increases under the 2008 Reform of Quota and Voice (the Board of Governors’ Resolution No. 63–2) (“2008 Reform”), through June 30, 2022. 4. For the Fourteenth Review, under the Board of Governors Resolution No. 66–2, each member shall pay to the Fund the increase in its quota

International Monetary Fund. Finance Dept.
Extension Of The Periods For Consent To And Payment Of Quota Increases
International Monetary Fund

No. 63–2) and the Eleventh General Review of Quotas (Resolution No. 53–2). 3 2. This paper also proposes a further six-month extension 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, 2017. 3. As of December 15, 2016, eight members had not yet consented to their proposed quota increases under Resolution No. 66–2 (see Appendix I). 4 Two of those members (Somalia and Sudan) are currently not eligible to consent to their quota increases under

International Monetary Fund

No. 63–2) and the Eleventh General Review of Quotas (Resolution No. 53–2). 3 2. This paper also proposes a further six-month extension 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, 2017. 3. As of December 15, 2016, eight members had not yet consented to their proposed quota increases under Resolution No. 66–2 (see Appendix I). 4 Two of those members (Somalia and Sudan) are currently not eligible to consent to their quota increases under

International Monetary Fund. Finance Dept., International Monetary Fund. Legal Dept., and International Monetary Fund. Secretary's Department

No. 63–2) (“2008 Reform”) and the Eleventh General Review of Quotas (Resolution No. 53–2). 3 2. This paper also proposes a further six-month extension 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 December 27, 2019. 3. As of June 13, 2019, five members had not yet consented to their proposed quota increases under Resolution No. 66–2 (see Appendix I). 4 Two of those members (Somalia and Sudan) are currently not eligible to consent to their quota

International Monetary Fund
This paper proposes a further 30-day extension of the period for payments of quota increases under the Fourteenth General Review of Quotas (“Fourteenth Review”), and an extension for the payment of the quota increases under the 2008 Reform, through April 27, 2016.
International Monetary Fund. Finance Dept., International Monetary Fund. Legal Dept., and International Monetary Fund. Secretary's Department
On June 25, 2019, the IMF’s Executive Board approved a further six-month extension of the period for members to consent to an increase in their quotas under the Fourteenth General Review of Quotas (“Fourteenth Review”) through December 27, 2019. The deadline was due to expire on June 28, 2019. However, Board of Governors Resolution No. 66-2 provides that the Executive Board may extend the period for consent as it may determine. An extension under Resolution No. 66-2 also extends the periods of consent for quota increases under the 2008 Reform of Quota and Voice (Resolution No. 63-2) and the Eleventh General Review of Quotas (Resolution No. 53-2). The Executive Board also approved a further six-month extension 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 December 27, 2019.