Fourteenth General Review of Quotas - Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498336892
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fourteenth General Review of Quotas - Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Fourteenth General Review of Quotas - Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-02-09 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, keeping in mind the tight timetable for completing the review and the need for flexibility and compromise from all sides. As discussed at the informal meeting, 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.

Fifteenth General Review of Quotas—Further Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513571281
Total Pages : 93 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Fifteenth General Review of Quotas—Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Fifteenth General Review of Quotas—Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-03-05 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper revisits the two-pillar framework for assessing the adequacy of Fund resources. Responding to Directors suggestions, the quantitative pillar is updated to include alternative assumptions and to provide a longer-term perspective on likely resource needs. While quantitative estimates are generally somewhat lower after factoring in the alternative assumptions, these reductions are more than outweighed when the analysis is extended through the middle of the next decade, recognizing that the outcome of the 15th Review will likely determine permanent Fund resources through at least the middle of the next decade. The updated qualitative pillar analysis highlights reforms since the global financial crisis and discusses uncertainties in the global environment. It also provides an assessment of the general impact of the various qualitative considerations. Taken together, the two pillars continue to make a case for at least maintaining existing Fund resources. Against this background, the simulations in the paper cover three illustrative sizes for quota increases (50, 75, and 100 percent), centered on broadly maintaining Fund resources, assuming the New Arrangements to Borrow (NAB) is maintained at its current level and Bilateral Borrowing Agreements (BBAs) expire.

Fourteenth General Review of Quotas - Realigning Quota Shares - Further Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498337244
Total Pages : 163 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fourteenth General Review of Quotas - Realigning Quota Shares - Further Considerations by : International Monetary Fund

Download or read book Fourteenth General Review of Quotas - Realigning Quota Shares - Further Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-08 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the “Fund”), and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Bank of Slovenia agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 280 million, on the terms and conditions set out in this paper.

Fourteenth General Review of Quotas - The Size of the Fund - Initial Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498337724
Total Pages : 36 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fourteenth General Review of Quotas - The Size of the Fund - Initial Considerations by : International Monetary Fund

Download or read book Fourteenth General Review of Quotas - The Size of the Fund - Initial Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-03-29 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The FY 11–13 medium-term budget (MTB) presented in this paper brings to a close the three-year restructuring effort that began with the FY 09–11 MTB. It secures savings of $100 million in real terms while providing sufficient financing for structural operations and the Fund’s response to the global financial crisis. This budget has been crafted in a period of uncertainty regarding the final scope and duration of the financial crisis as well as the ongoing responsibilities that the Fund may retain even as the crisis unwinds. There is also uncertainty about new responsibilities that may result as a review of the Fund’s mandate is undertaken. Addressing these items will be part of the work agenda to be undertaken in the coming year.

Fifteenth General Review of Quotas— Additional Considerations and Data Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513571311
Total Pages : 177 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Fifteenth General Review of Quotas— Additional Considerations and Data Update by : International Monetary Fund. Finance Dept.

Download or read book Fifteenth General Review of Quotas— Additional Considerations and Data Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-03-05 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides background for a further round of discussions on the Fifteenth General Review of Quotas (hereafter 15th Review). The paper builds on work presented in previous staff papers and Directors’ views expressed in three meetings of the Committee of the Whole in September 2017 and February 2018. No proposals are presented at this stage, pending further Board guidance on possible approaches to narrowing the current differences of views.

Fifteenth General Review of Quotas - Report of the Executive Board to the Board of Governors

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345115
Total Pages : 7 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fifteenth General Review of Quotas - Report of the Executive Board to the Board of Governors by : International Monetary Fund

Download or read book Fifteenth General Review of Quotas - Report of the Executive Board to the Board of Governors written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-02-11 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the report, the Executive Board proposes that the Board of Governors adopt a Resolution: (i) noting the Report of the Executive Board and expressing regret that the timetable for completing the Fifteenth Review established under Resolution No. 71-2 is no longer within reach; (ii) calling on the Executive Board to work on the Fifteenth Review expeditiously in line with existing Executive Board understandings and the guidance provided by the IMFC on October 8, 2016 with the aim of completing the Fifteenth Review by the 2019 Spring Meetings and no later than the 2019 Annual Meetings; (iii) requesting that the Executive Board report on progress on the Fifteenth Review to the Board of Governors semiannually, with a first report by the 2017 Annual Meetings; and (iv) urging the remaining members who have not yet consented to their quota increases under the Fourteenth General Review of Quotas to do so without further delay and urging the members who have consented to their quota increases to make their quota payments in a timely manner.

Fifteenth General Review of Quotas—Quota Formula and Realigning Shares

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513571206
Total Pages : 234 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Fifteenth General Review of Quotas—Quota Formula and Realigning Shares by : International Monetary Fund. Finance Dept.

Download or read book Fifteenth General Review of Quotas—Quota Formula and Realigning Shares written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-03-05 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides background for an initial discussion under the Fifteenth General Review of Quotas (15th Review) in line with the work plan agreed by the Executive Board. It discusses issues related to further reforms of the quota formula and realigning quota shares, based on updated quota data through 2015. A companion paper, to be discussed separately, will address issues related to the size of the Fund and mix of quota and borrowed resources. Both these papers seek to facilitate initial discussions on some of the key issues for the 15th Review. No proposals are made at this stage, recognizing that further deliberations will be needed before the issues under discussion can begin to be narrowed down.

Quotas and Voice - Further Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498331130
Total Pages : 55 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quotas and Voice - Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quotas and Voice - Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2005-02-09 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the progress made in quota discussions to date, and examines options for adjustments in quotas or voting power outside of a general quota increase. Section II reviews the status of recent quota discussions, while Section III presents the results of updating the data through 2003. Section IV discusses the options for addressing the distribution of quotas and voting power outside of a general increase in quotas. Section V concludes and poses some issues for discussion.

Quota Formula—Data Update and Further Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498343139
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula—Data Update and Further Considerations by : International Monetary Fund

Download or read book Quota Formula—Data Update and Further Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-02-07 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF staff has updated individual member country data for the variables used in the quota formula for the period 2000-12. The updated database also incorporates the recently released 2011 International Comparison Program (ICP) global estimates for purchasing power parity rates (PPP) rates. The staff paper also presents updated calculated quota shares based on the current quota formula. The current quota formula includes a GDP variable, which is a blend of GDP at market rates and GDP at purchasing power parity (PPP), openness, variability, and international reserves. The International Monetary and Financial Committee has called for agreement on a new quota formula as part of the 15th General Review of Quotas. The paper presents a limited set of illustrative simulations of possible reforms of the quota formula using the updated quota data. These simulations are purely illustrative and do not represent proposals. The new data tables that can be downloaded via the below link include also the comparable value of each variable for the previous quota dataset, which was based on data covering the period 1999-2011. The information is presented in millions of SDRs (Table A1) and in percent of their respective global totals (Tables A2 and A3). A table showing calculated quota shares based on the current quota formula is also included (Table A4). Data sources and a description of the quota variables are discussed in Quota Formula – Data Update and Further Considerations - Statistical Appendix; IMF Policy Paper; July 2014. Download Quota Data: Updated IMF Quota Formula Variables - July 2014

Extension of the Periods for Payment of Quota Increases Under the Fourteenth General Review of Quotas and the 2008 Reform

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345964
Total Pages : 5 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Extension of the Periods for Payment of Quota Increases Under the Fourteenth General Review of Quotas and the 2008 Reform by : International Monetary Fund. Finance Dept.

Download or read book Extension of the Periods for Payment of Quota Increases Under the Fourteenth General Review of Quotas and the 2008 Reform written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2016-02-22 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a further 30-day extension of the period for payments of quota increases under the Fourteenth General Review of Quotas (“Fourteenth Review”), and an extension for the payment of the quota increases under the 2008 Reform, through April 27, 2016.

Extension of the Period for Consent to Increase Quotas Under the Fourteenth General Review of Quotas, the 2008 Reform of Quota and Voice, and the Eleventh General Review of Quotas

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Extension of the Period for Consent to Increase Quotas Under the Fourteenth General Review of Quotas, the 2008 Reform of Quota and Voice, and the Eleventh General Review of Quotas by : Internationaler Währungsfonds

Download or read book Extension of the Period for Consent to Increase Quotas Under the Fourteenth General Review of Quotas, the 2008 Reform of Quota and Voice, and the Eleventh General Review of Quotas written by Internationaler Währungsfonds and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a further six-month extension of the period for consent to increase quotas under the Fourteenth General Review of Quotas. The current deadline is due to expire on December 31, 2014; however, Board of Governor's Resolution No. 66-2 provides that the Executive Board may extend the period for consent as it may determine. An extension under Resolution No. 66-2 will also extend the periods of consent for quota increases under the 2008 Reform of Quota and Voice (Resolution No. 63-2) and the Eleventh General Review of Quotas (Resolution No. 53- 2).

Quota Formula Review - Data Update and Issues

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498338585
Total Pages : 29 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula Review - Data Update and Issues by : International Monetary Fund. Finance Dept.

Download or read book Quota Formula Review - Data Update and Issues written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2011-08-17 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the conclusion of the 14th General Review of Quotas (14th Review), the Board of Governors requested that a comprehensive review of the quota formula be completed by the Executive Board by January 2013. The timetable for completing the 15th General Review was also brought forward by two years to January 2014. This paper is intended to serve as background for an initial informal exchange of views on issues relating to the formula review. It begins with a brief stock-take, before presenting the results of updating the quota database through 2009. The remainder of the paper discusses potential issues that could be considered as part of the review.

IMF Quota and Governance Reform - Elements of an Agreement

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Publisher : International Monetary Fund
ISBN 13 : 1498336590
Total Pages : 63 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis IMF Quota and Governance Reform - Elements of an Agreement by : International Monetary Fund. Finance Dept.

Download or read book IMF Quota and Governance Reform - Elements of an Agreement written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-10-31 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.

Fourteenth General Review of Quotas - Realigning Quota Shares - Initial Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498337767
Total Pages : 150 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fourteenth General Review of Quotas - Realigning Quota Shares - Initial Considerations by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Fourteenth General Review of Quotas - Realigning Quota Shares - Initial Considerations written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2010-03-24 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note provides operational guidance and background information on the use of Fund resources for budgetary financing. It does this in the context of concerns expressed by some Executive Board Directors that, by providing such financing, the Fund might be held accountable for the quality of budgetary spending; that repayment could be subject to country budgetary processes; and that budget financing is the role of other institutions.

Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consents

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498341837
Total Pages : 98 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consents by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Proposed Amendment on the Reform of the IMF Executive Board and Fourteenth General Review of Quotas - Status of Acceptances and Consents written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2013-05-14 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stronger presumption of publication for all program-related documents could further increase publication rates, while defining prompt publication should help reduce publication lags. Streamlining external communication products could reduce the risk of inconsistent messaging. The review also presents new evidence on evenhandedness with now only few cases not fulfilling the criteria for modifications under the policy. It nevertheless suggests measures to strengthen monitoring in this area. The review sets out the Fund’s policies on confidential information, and proposes that staff systematically explains these policies in its interactions with country authorities. In response to recent surveillance reforms, the review also proposes a new publication regime for multi-country documents. Staff sees the introduction of a publication regime for a new category of multi-country documents as the best way to ensure that the Fund publishes candid multilateral surveillance, while respecting members’ needs. Similarly, the modification rules for country documents will need to be adapted to take into account the implications of the Integrated Surveillance Decision (ISD).

Fourteenth General Review of Quotas - Possible Elements of a Compromise

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498336744
Total Pages : 48 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fourteenth General Review of Quotas - Possible Elements of a Compromise by : International Monetary Fund. Finance Dept.

Download or read book Fourteenth General Review of Quotas - Possible Elements of a Compromise written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2010-05-10 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMFC in its April 2010 Communiqué pledged to complete the 14th Quota Review before January 2011 in line with the parameters agreed in Istanbul. The Committee of the Whole (COW) has since continued its work aimed at developing proposals that could command broad support. At its most recent meeting in September, there was a shared commitment to reaching an agreement within the agreed timetable but views remained divided on many issues. To facilitate progress towards the agreed goal, this paper suggests possible elements that could help form the basis for an agreement. These elements seek to build on the discussions to date and balance the diverse views that have been expressed. Inevitably, they will not fully meet the preferences or priorities of any individual member, and difficult compromises will be required from all sides if an agreement is to be reached.

Quota Formula Review - Data Update and Further Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498340334
Total Pages : 38 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula Review - Data Update and Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quota Formula Review - Data Update and Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-06-28 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2012, the Executive Board held its first formal discussion on the comprehensive review of the quota formula. This review, to be completed by January 2013, is an important part of the quota and governance reforms agreed in 2010. Directors stressed the importance of agreeing on a quota formula that better reflects members’ relative positions in the global economy for future discussions on the 15th General Review of Quotas. This view was reiterated in April by the IMFC, which looked forward to an agreement by January 2013: "...on a simple and transparent quota formula that better reflects members’ relative positions in the world economy." The IMFC also reaffirmed its commitment to complete the 15th quota review by January 2014. It noted that any realignment is expected to result in increases in the quota shares of dynamic economies in line with their relative positions in the world economy, and hence likely in the share of EMDCs as a whole; and that steps shall be taken to protect the voice and representation of the poorest members. The Board held an informal follow-up meeting on June 13, 2012.