Fourteenth General Review of Quotas - Further Considerations

Policy Papers, September 2, 2010

Source details

This paper provides the basis for the next round of discussions on the 14th General Review of Quotas.
The Committee of the Whole (COW) has so far met three times this year: in March and July to consider the realignment of quota shares, and in April for an initial discussion on the size of the overall increase.
Directors also met informally with the Managing Director on July 22 to take stock of the remaining issues.
The informal meeting highlighted the tight timetable for completing the review and the need for flexibility and compromise from all sides.
The Board recess provided an opportunity to take stock of the different positions and seek guidance from capitals on possible ways forward, with the goal of reaching a pragmatic solution that could bridge the remaining gaps within the relatively short period of time still available.

COW meeting timeline:
- March: consideration of the realignment of quota shares.
- April: initial discussion on the size of the overall increase.
- July: consideration of the realignment of quota shares.
Informal Director engagement:
- July 22: informal meeting with the Managing Director to review remaining issues.
Process objectives:
- Complete the 14th Review within a tight timetable.
- Encourage flexibility and compromise among members.
- Seek guidance from capitals during the Board recess to identify pragmatic paths forward.

Publication date shown: September 2, 2010
Access and resources:
- The IMF eLibrary offers over 25,000 IMF publications in multiple formats.
- IMF Publications Newsletter: Latest economic research and insights delivered to your inbox each month.

Source: Fourteenth General Review of Quotas - Further Considerations (September 2, 2010), International Monetary Fund.