Policy Papers

Extension of the Period for Consent to Increase Quotas under the Sixteenth General Review of Quotas and to the NAB Rollback

March 21, 2025

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Format: Chicago

International Monetary Fund. Finance Dept. "Extension of the Period for Consent to Increase Quotas under the Sixteenth General Review of Quotas and to the NAB Rollback", Policy Papers 2025, 005 (2025), accessed March 23, 2025, https://doi.org/10.5089/9798229005593.007

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Summary

On November 8, 2024, the IMF's Executive Board approved a six-months extension of the period to consent to the quota increase and to the New Arrangements to Borrow (NAB) rollback under the Sixteenth General Review of Quotas (GRQ), through May 15, 2025. Such extension also extends the period of consent for quota increases under the 14th GRQ. The previous deadline was due to expire on November 15, 2024. However, the Board of Governors Resolution 79-1 provides that the Executive Board may extend the period for consent as it may determine.

Subject: Credit, Exchange rate arrangements, Foreign exchange, Money

Keywords: Islamic Republic of, Afghanistan, Consent to the increase, COVID-19, Credit, Exchange rate arrangements, General Review of Quotas, International reserves, Malaysia, Payment for quota, Quota increases, Quotas, Reform of quota

Publication Details

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