The second task is advancing the completion of the 14th General Review of Quotas from January 2013 to January 2011. This quota review should, at the minimum, aim at doubling the quota resources. A time-sliced work plan should be laid down, commencing at the earliest so that the quota review can be completed in the targeted year and a half time frame.
Since the process of increasing and allocating quotas could take some time, the Fund is working on securing alternate resources, including borrowing. We support these efforts but these should be seen as bridging mechanisms until the quota review is complete. We appreciate the bilateral commitments made so for.