2022-07-10-IMF-Extension_Of_The_Periods_For_Consent_To_And_Payment_Of_Quota_Increases_4页_171kb

IMF Staff Report Summary - Extension of Periods for Consent to and Payment of Quota Increases

The report proposes a one-year extension of the consent and payment periods for quota increases under the Fourteenth General Review of Quotas and the 2008 Reform.

Key points:

1. The extension responds to ongoing global challenges, such as the COVID-19 pandemic and the fuel/food crisis from the war in Ukraine, and aligns with efforts to streamline operations.
2. Eritrea and the Syrian Arab Republic are the members who have not yet consented or paid, remaining the focus for additional relief.
3. Current status: By June 8, 2022, 187 members had consented and paid; Sudan was noted for its completion.
4. Proposed extension ends at June 30, 2023, for both consent and payment deadlines.

Proposed decisions:

1. Extend consent period for Fourteenth Review quotas to June 30, 2023.
2. Extend payment period for Fourteenth Review quotas to June 30, 2023.
3. Extend payment period for 2008 Reform quotas for Eritrea and Syria through June 30, 2023.

Executive Board approval is sought for these extensions.