We reaffirm our commitment to a strong, quota-based, and adequately resourced IMF at
the centre of the Global Financial Safety Net. We support continued IMF collaboration with
Regional Financing Arrangements (RFA). We have advanced the domestic approvals for
our consent to the quota increase under the 00th General Review of Quotas, and we look
forward to finalising this process with no further delay. We acknowledge the importance
of realignment in quota shares to better reflect members’ relative positions in the world
economy while protecting the quota shares of the poorest members. We acknowledge,
however, that building consensus among members on quota and governance reforms will
require progress in stages. We support the call for the IMF Executive Board to develop a set
of principles guiding future discussions on IMF quotas and governance by the 0000 Spring
meetings in line with the Diriyah Declaration.