IMF History (1966-1971) Volume 2

Increases in Quotas of Members — Fifth general Review

International Monetary Fund
Published Date:
February 1996
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On October 3, 1969, at the Twenty-Fourth Annual Meeting, in Washington, the Board of Governors adopted a resolution requesting the Executive Board to consider the adjustment of the quotas of members and to make a proposal on this subject by December 31, 1969. In accordance with this resolution, the Executive Board sent a report to the Board of Governors on December 24, 1969, with a draft resolution recommending increases in quotas. The Board of Governors adopted the resolution (Resolution No. 25-3) on February 9, 1970. The resulting increases in quotas became effective from October 30, 1970.

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