Download or read book Reform of Quota and Voice in the International Monetary Fund Draft Report of the Executive Board to the Board of Governors written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-03-28 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report sets out a proposal for a second-round package of reforms consistent with the framework agreed in the Singapore Resolution and, to that end, recommends that the Board of Governors approve the resolution that is appended to this Report (the "Resolution").

Download or read book Reform of Quota and Voice in the International Monetary Fund Draft Report of the Executive Board to the Board of Governors written by Internationaler Währungsfonds and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report sets out a proposal for a second-round package of reforms consistent with the framework agreed in the Singapore Resolution and, to that end, recommends that the Board of Governors approve the resolution that is appended to this Report (the "Resolution").

Download or read book Fifteenth General Review of Quotas Report of the Executive Board to the Board of Governors written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-01-22 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas Status of Acceptances and Consents written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2013-10-04 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: This status report reviews progress toward implementation of the 2010 Quota and Governance Reforms. It updates the status of consents to the proposed quota increases under the 14th General Review of Quotas and of acceptances of the Proposed Seventh Amendment on the Reform of the Executive Board (“Board Reform Amendment” or “Seventh Amendment”) as set out in the Board of Governors Resolution No. 66-2. For the proposed quota increases under the 14th General Review of Quotas to become effective, members having not less than 70 percent of the total of quotas on November 5, 2010 must consent to the increases in their quotas and the proposed Board Reform Amendment must have entered into force.1 The proposed Board Reform Amendment enters into force once the Fund certifies that three-fifths of the members (i.e., currently 113 members) representing 85 percent of the total voting power have accepted the proposed amendment.

Download or read book Outcome of the Quota Formula Review Report of the Executive Board to the Board of Governors written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-01-30 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: In completing the Fourteenth General Review of Quotas and approving the Proposed Amendment on the Reform of the Executive Board, the Board of Governors requested that the Executive Board complete a comprehensive review of the quota formula by January 2013. The Executive Board was also requested to bring forward the timetable for completion of the Fifteenth General Review of Quotas (hereafter the 15th Review) to January 2014.

Download or read book Interim Steps on Quota and Governance Reform Report of the Executive Board to the Board of Governors written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-06 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of continuing delays in the implementation of the 2010 quota and governance reforms (hereafter the “2010 Reforms”), the Board of Governors, in February 2015, adopted Resolution No. 70-1, which (i) expressed its deep regret that the quota increases under the Fourteenth General Review of Quotas (hereafter the “Fourteenth Review”) and the Proposed Amendment on the Reform of the Executive Board (hereafter the “Board Reform Amendment”) have not become effective, and that the Fifteenth General Review of Quotas (hereafter the “Fifteenth Review”) has not been completed; (ii) emphasized the importance and urgency of the 2010 Reforms for the Fund’s credibility, legitimacy, and effectiveness, and reiterated its commitment to their earliest possible implementation; (iii) urged the remaining members who have not yet accepted the Fourteenth Review quota increases and the Board Reform Amendment to do so without further delay; (iv) called for the completion of the Fifteenth Review by December 15, 2015; and (v) called on the Executive Board to work expeditiously and to complete its work as soon as possible on interim steps in the key areas covered by the 2010 Reforms, pending their full implementation, and thus to enable the Board of Governors to reach agreement on steps that represent meaningful progress towards the objectives of the 2010 Reforms by June 30, 2015.

Download or read book Report of the Executive Board to the Board of Governors on Progress on the Fifteenth General Review of Quotas written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-09-30 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 2016, the Board of Governors adopted Resolution No. 71-2 on the Fifteenth General Review of Quotas (hereafter the “Fifteenth Review”), which (i) welcomed the entry into force of the Seventh Amendment on the Reform of the Executive Board, allowing the quota increases under the Fourteenth Review to become effective; (ii) urged the members who had not yet consented to their Fourteenth Review quota increases to do so without further delay and urged the members who had consented to their quota increases to make their quota payments in a timely manner; (iii) regretted that the Fifteenth Review had not been completed by December 15, 2015, as mandated by the Articles of Agreement and as requested in Board of Governors Resolution No. 70 1, and resolved to continue the Fifteenth Review under Article III, Section 2(a) and called on the Executive Board to work expeditiously on the Fifteenth Review in line with previous Executive Board understandings, and with the aim of completing the Fifteenth Review by the 2017 Annual Meetings; and (iv) requested that the Executive Board report to the Board of Governors on progress on the Fifteenth Review by the 2016 Annual Meetings and the 2017 Spring Meetings. This report responds to that request.

Download or read book Extension of the Periods for Consent to and Payment of Quota Increase written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-07-16 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: "On June 27, 2018, 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 28, 2018. The deadline was due to expire on June 29, 2018. 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 28, 2018."

Download or read book Extension Of The Periods For Consent To And Payment Of Quota Increase written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2019-08-06 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Extension Of The Periods For Consent To And Payment Of Quota Increases written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2020-01-15 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: On December 20, 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 June 30, 2020. The deadline was due to expire on December 27, 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 June 30, 2020.

Download or read book Report of the Executive Board to the Board of Governors Quota and Voice Reform Progress Since the 2006 Annual Meetings written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-10-16 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the Annual Meetings in Singapore, the Board of Governors approved a program of quota and voice reforms (Resolution 61-5) that aims to enhance the effectiveness and credibility of the Fund. This report responds to that request and reflects the extensive discussions by the Executive Board over the past year on the reform agenda agreed in Singapore.

Download or read book Proposed Amendment to the Articles of Agreement on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas Status of Acceptances and Consents written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-12-13 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper updates the status of consents to the proposed quota increases under the 14th General Review of Quotas and of acceptances of the Proposed Seventh Amendment on the Reform of the Executive Board (“Board Reform Amendment”) as set out in the Board of Governors Resolution No. 66-2.

Download or read book 2010 Reforms and Fifteenth General Review of Quotas Report of the Executive Board to the Board of Governors Decision written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-01-02 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. The Executive Board was also requested to complete a comprehensive quota formula review by January 2013. These forward-looking elements were part of an agreed package of 2010 quota and governance reforms (hereafter the “2010 Reforms”). Each member committed to use its best efforts to complete the required steps for the effectiveness of the quota increases under the Fourteenth Review no later than the Annual Meetings in 2012.

Download or read book Report of the Executive Board to the Board of Governors written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Executive Board Report to the IMFC on Quota and Governance Reforms written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-10 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the IMFC last met in April, the Executive Board has taken up the full range of quota and other governance reforms. While there has been some movement on the many complex issues, discussions have been inconclusive, and no proposal has been able to command broad support. The concluding remarks that sum up these meetings lay out the various positions taken by members of the Board (attached). The debate is continuing, and we hope to make progress on finding the possible elements of a compromise acceptable to the membership.

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.

Download or read book IMF Quota and Governance Reform Elements of an Agreement written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-10-31 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.