NEW PERIOD FOR CONSENT-INCREASES OF QUOTAS OF MEMBERS UNDER THE ELEVENTH GENERAL REVIEW

WHEREAS paragraph 4 of the Board of Governors' Resolution No. 53-2 states that, to become effective, duly executed notices for consent to increases in quota under the Resolution must be received in the Fund before 6:00 p.m., Washington time January 31, 2000, provided that the Executive Board may extend this period as it may determine;

WHEREAS the last extension of the period established in accordance with paragraph 4 of the Resolution expired at 6:00 p.m., Washington time, July 31, 2004;

WHEREAS the Executive Board has recommended the adoption of a Resolution of the Board of Governors, by vote without meeting pursuant to Section 13 of the By-Laws of the Fund, setting a new period for receipt of consents to increases in quota under Board of Governors Resolution No. 53-2, so as to give members that have been unable to consent to their proposed increases in quotas under such Resolution a further opportunity to do so;

NOW, THEREFORE, the Board of Governors hereby RESOLVES that:

Fund members that have not consented to an increase in their quotas as proposed by Board of Governors Resolution No. 53-2 within the period established in accordance with paragraph 4 of that Resolution, shall have until 6:00 p.m., Washington time September 19, 2005, to submit notices in accordance with paragraph 2 of Resolution No. 53-2, by a duly authorized official of the member, provided that the Executive Board may extend this period as it may determine.¹

Resolution No. 59-4,
September 20, 2004

¹ Ed. Note: Decision No. 14167-(08/77), September 4, 2008, extended the period for receiving notices of consent to 6:00 p.m., Washington time, on September 25, 2009.