Download or read book Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-04 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2007 Communiqué of the IMFC called on the Executive Board to develop specific proposals on a new income model and a new expenditure framework by the time of the 2008 Spring Meetings. On April 7, 2008, the Executive Board endorsed a new income model for the Fund and considered a new medium-term budgetary envelope for financial years 2009–11, which includes deep spending cuts, and approved administrative, restructuring, and capital budgets for financial year 2009. As a key element of this new income-expenditure framework, the Executive Board ecommended the adoption by the Board of Governors of an amendment of the Articles of Agreement to expand the Fund’s investment authority. The Executive Board’s recommendation was sent to the Board of Governors, with the voting period running through 6:00 p.m., Washington time, May 5, 2008.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on IMF Quota and Voice Reform written by Internationaler Währungsfonds and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2006 Communique of the IMFC called upon the Managing Director to work with the IMFC and the Executive Board to come forward with concrete proposals on IMF quota and voice reform for agreement at the Singapore Annual Meetings in September 2006. An intensive work program on quotas and voice was launched, involving IMF management and staff consultations with a broad spectrum of the membership and discussions in the Executive Board, building on earlier discussions of this issue, including in the context of the IMF's medium-term strategy. Specific reform proposals were discussed on several occasions by the Executive Board, most recently on August 31, 2006. I am pleased that the Executive Board reached agreement on a comprehensive program of reforms, and recommended that the Board of Governors adopt, by September 18, 2006, a resolution that provides for a two-year plan of action.

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on the IMF s Policy Agenda written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the policy changes that the Fund has made since the October 2007 IMFC meeting and the ways in which we plan to refocus the Fund’s work to support our members more strongly. It also describes the steps that management, staff, and the Executive Board have agreed to put our own house in order—to reform our governance, contain our spending, and solve our income problem.

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 Report of the Managing Director to the International Monetary and Financial Committee on the IMF in the Process of Change written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-04-25 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on the IMF s Policy Agenda written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2003-11-04 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

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 2013-11-18 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.

Download or read book Statement by the Managing Director to the International Monetary and Financial Committee on the IMF Reform Agenda written by International Monetary Fund. Legal Dept. and published by International Monetary Fund. This book was released on 2010-11-06 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis has given renewed urgency to the need for resolution systems for financial institutions, which both safeguard financial stability and limit moral hazard. However, experience demonstrates that these systems will not be effective unless progress is also made in developing a framework that applies on a cross-border basis. Since many systemically important financial groups operate globally, an uncoordinated application of resolution systems by national authorities will make it much more difficult to both secure the continuity of essential functions (thereby limiting contagion), and ensure that shareholders and creditors bear the financial burden of the resolution process.

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 Report of the Acting Managing Director to the International Monetary and Financial Committee on Progress in Reforming the IMF and Strengthening the Architecture of the International Financial System written by International Monetary Fund and published by . This book was released on 2000 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Monetary Fund Annual Report 2019 Financial Statements written by International Monetary Fund and published by International Monetary Fund. This book was released on 2019-10-04 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The audited consolidated financial statements of the International Monetary Fund as of April 30, 2019 and 2018

Download or read book Report of the Managing Director to the International Monetary and Financial Committee on the IMF in the Process of Change written by Internationaler Währungsfonds and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Report of the Managing Director to the International Monetary and Financial Committee written by International Monetary Fund. Policy Development and Review Dept. and published by International Monetary Fund. This book was released on 2001-11-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

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.

Download or read book Executive Board Progress Report to the IMFC on the Reform of Fund Governance written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-06-22 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: At its most recent meeting in April 2010, the IMFC pledged to complete the 14th General Review of Quotas before January 2011. This follows an earlier call by G-20 Leaders and the IMFC to bring forward the deadline for completing the 14th Review by two years as part of the multilateral response to the global financial crisis and the recognized need to enhance the Fund’s legitimacy and effectiveness.

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 Report of the Managing Director to the International Monetary and Financial Committee on a New Income and Expenditure Framework for the International Monetary Fund written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-09-04 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2007 Communiqué of the IMFC called on the Executive Board to develop specific proposals on a new income model and a new expenditure framework by the time of the 2008 Spring Meetings. On April 7, 2008, the Executive Board endorsed a new income model for the Fund and considered a new medium-term budgetary envelope for financial years 2009–11, which includes deep spending cuts, and approved administrative, restructuring, and capital budgets for financial year 2009. As a key element of this new income-expenditure framework, the Executive Board ecommended the adoption by the Board of Governors of an amendment of the Articles of Agreement to expand the Fund’s investment authority. The Executive Board’s recommendation was sent to the Board of Governors, with the voting period running through 6:00 p.m., Washington time, May 5, 2008.