Extension of the Period for Consent to Increase Quotas under the Sixteenth General Review of Quotas and to the NAB Rollback
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.
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Volume/Issue:
Volume 2025
Issue 005
Publication date: March 2025
ISBN: 9798229005593
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Topics covered in this book
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Money and Monetary Policy , General Review of Quotas , Payment for quota , Quota increases , Quotas , Reform of quota , Consent to the increase , COVID-19 , International reserves , Malaysia , Afghanistan , Islamic Republic of , Exchange rate arrangements , Credit
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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.
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