2015年-IMF国际货币组织全球_2010_Reforms_and_Fifteenth_General_Review_of_Quotas_5页_321kb

2010 Reforms and Fifteenth General Review of Quotas Summary

Core Content Overview

The document outlines the progress and challenges in implementing the 2010 Reforms and the Fifteenth General Review of Quotas (Fifteenth Review) within the International Monetary Fund (IMF). It highlights the Fourteenth General Review of Quotas (Fourteenth Review) and the Board Reform Amendment, which were part of a broader package of reforms aimed at enhancing the IMF's credibility, legitimacy, and effectiveness.

Main Points and Key Information

1. Timeline and Objectives of the 2010 Reforms

• The 2010 Reforms included:
  • Quota increases under the Fourteenth Review.
  • The Board Reform Amendment, which aimed to reform the governance structure of the IMF.
• The Board of Governors requested the Executive Board to:
  • Complete the Fifteenth Review by January 2014.
  • Conduct a comprehensive quota formula review by January 2013.
• Members were expected to complete the necessary steps for the effectiveness of the quota increases by the Annual Meetings in 2012.

2. Delays and Adjustments

• The Executive Board established a Committee of the Whole on January 30, 2013, to work on the Fifteenth Review.
• However, the implementation of the Fourteenth Review and the Board Reform Amendment was delayed, which led to a hold on the Fifteenth Review.
• In February 2014, the Board of Governors adopted Resolution No. 69-2, urging the IMFC to assess progress and explore options for completing the quota reform process by January 2015.
• The Executive Board continued to monitor progress and held an informal discussion in July 2014 on updated quota data and simulations.

3. Current Status as of January 2015

• 163 members representing 79.6% of total quotas (as of November 5, 2010) have consented to quota increases.
• 146 members representing 77.1% of total voting power have agreed to the Board Reform Amendment.
• The required thresholds for the Fourteenth Review (70% of quotas) and the Board Reform Amendment (85% of voting power) have not yet been met.

4. Proposed Actions

• The Executive Board proposes that the Board of Governors adopt a resolution:
  • Expressing deep regret over the delayed implementation of the Fourteenth Review and the Board Reform Amendment.
  • Emphasizing the importance and urgency of the 2010 Reforms for the Fund's credibility, legitimacy, and effectiveness.
  • Urging remaining members to accept the quota increases and the Board Reform Amendment without delay.
  • Calling for the completion of the Fifteenth Review by December 15, 2015.
  • Requesting the Executive Board to take interim steps to make progress in key reform areas by June 30, 2015.
• These interim steps are not intended to replace the 2010 Reforms, but rather to provide meaningful progress until full implementation.

5. Governance and Implementation

• The Board Reform Amendment has not yet entered into force.
• The Fifteenth Review was postponed to align with the implementation of the 2010 Reforms.
• The Executive Board is committed to expediting the process and ensuring that the 2010 Reforms are implemented as soon as possible.

Conclusion

The 2010 Reforms are a critical initiative for the IMF, aimed at modernizing its quota system and governance structure. Despite the initial commitments and timelines, significant delays have occurred in achieving the required acceptance thresholds for both the Fourteenth Review and the Board Reform Amendment. The Executive Board is working to address these delays by proposing interim measures and adjusting the deadline for the Fifteenth Review to December 15, 2015. The Board of Governors is urged to take decisive action to finalize the reforms and ensure the Fund remains relevant and effective in the global economy.