2016年-IMF国际货币组织全球_Extension_of_the_Periods_for_Payment_of_Quota_Increases_Under_the_Fourteenth_General_Review_of_Quotas_and_the_2008_Reform_4页_312kb

IMF Policy Paper Summary: Extension of Quota Payment Periods

Core Content

This document outlines the IMF's proposal to extend the payment periods for quota increases under two key initiatives: the Fourteenth General Review of Quotas (Fourteenth Review) and the 2008 Reform of Quota and Voice. The extensions are aimed at facilitating the timely completion of quota payments by member countries, particularly those facing administrative or procedural delays.

Main Views

• Extension of Payment Periods: The IMF proposes further extensions of the payment deadlines for quota increases, aligning them with the extended consent periods.
• Alignment of Procedures: Synchronizing the extension of consent and payment periods is intended to streamline administrative processes and allow for more efficient decision-making.
• Member Compliance: While most members have made good progress in implementing quota payments, some require additional time to complete internal procedures, necessitating the extension.

Key Information

Fourteenth General Review of Quotas

• The original payment period for quota increases was 30 days after the member notified the Fund of its consent or after all general effectiveness conditions were met.
• The period has been extended three times, with the latest extension valid until May 27, 2016.
• The proposed extension would extend the payment period through June 30, 2016 for members whose payments were due earlier.
• The Executive Board is expected to approve this extension, as it has done previously.

2008 Reform of Quota and Voice

• The 2008 Reform introduced ad hoc quota increases for certain members.
• Eritrea and the Syrian Arab Republic have not yet completed their quota payments under this reform.
• Their payment deadline was previously extended to May 27, 2016.
• The proposed extension would extend the payment period through June 30, 2016 for these two members.

Proposed Decisions

1. Decision 1: Extend the payment period for quota increases under the Fourteenth General Review to June 30, 2016, for members who have not yet completed their payments.
2. Decision 2: Extend the payment period for quota increases under the 2008 Reform for Eritrea and the Syrian Arab Republic to June 30, 2016.

These decisions are based on Board of Governors Resolutions (No. 66-2 and No. 63-2), and are proposed for adoption by the Executive Board with a majority vote.

Conclusion

The extension of payment periods is a practical measure to support member countries in fulfilling their obligations to the IMF. It reflects the Fund's commitment to flexibility and transparency in its operations, while also ensuring timely and efficient implementation of quota reforms. The proposed decisions aim to harmonize the timelines for both consent and payment, reducing administrative burdens and aligning with the broader goals of the IMF's quota system reform.