IMF urges members to speed up governance reform approval

 　　WASHINGTON, Dec. 22 (Xinhua) -- The International Monetary¹ Fund (IMF) Thursday urged its members to step up efforts to complete its governance reform package inked last year.

　　The Executive Board of the IMF has reviewed progress toward implementation² of the 2010 Governance and Quota³ Reform Package, the global lender said in a statement.

　　"As of December 12, 2011, 53 members having 35.96 percent of quotas⁴ as of November 5, 2010 had consented to their proposed quota increases under the 14th General Review of Quotas. As of the same date, 38 members having 30.08 percent of the total voting power had accepted the proposed amendment⁵ to reform the Executive Board," noted⁶ the statement.

　　The IMF Board of Governors approved a quota and governance reform package on December 15, 2010, including a doubling of IMF quotas under the 14th General Review of Quotas and a shift in quotas to dynamic emerging markets and under-represented countries, and a proposed amendment to reform the Executive Board that would facilitate a move to a more representative and all-elected Executive Board.

　　For the quota increases under the 14th General Review of Quotas to become effective, two conditions need to be met. First, the entry into force of the proposed amendment to reform the Executive Board, which requires acceptance by three-fifths of members having 85 percent of the Fund's total voting power; second, the consent to the quota increase under the 14th General Review of Quotas by members having not less than 70 percent of total quotas as of November 5, 2010.

　　Christine Lagarde, Managing Director of the IMF, called on members to use their best efforts to make the 2010 reform package effective before the 2012 Annual Meetings.

1 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

2 implementation   

n.实施，贯彻

参考例句：

• Implementation of the program is now well underway.这一项目的实施现在行情看好。

3 quota   

n.（生产、进出口等的）配额，（移民的）限额

参考例句：

• A restricted import quota was set for meat products.肉类产品设定了进口配额。
• He overfulfilled his production quota for two months running.他一连两个月超额完成生产指标。

4 quotas   

（正式限定的）定量( quota的名词复数 )； 定额； 指标； 摊派

参考例句：

• In fulfilling the production quotas, John made rings round all his fellow workers. 约翰完成生产定额大大超过他的同事们。
• Quotas of the means of production are allocated by the higher administrative bodies to the lower ones. 物资指标按隶属关系分配。

5 amendment   

n.改正，修正，改善，修正案

参考例句：

• The amendment was rejected by 207 voters to 143.这项修正案以207票对143票被否决。
• The Opposition has tabled an amendment to the bill.反对党已经就该议案提交了一项修正条款。

6 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。