← Luxembourg

Projet de loi relative à 1° l’augmentation de la quote-part du Luxembourg auprès du Fonds monétaire international ; et 2° extension de l’accord d’empr

Projet de loi relative à 1° l’augmentation de la quote-part du Luxembourg auprès du Fonds monétaire international ; et 2° extension de l’accord d’emprunt bilatéral entre le Luxembourg et le Fonds monétaire international I. TEXTE DU PROJET DE LOI Art. 1er. Le Gouvernement est autorisé à prendre les mesures nécessaires en vue de l’augmentation de la quote-part du Luxembourg auprès du Fonds monétaire international à concurrence d’un montant de 660,9 millions de droits de tirages spéciaux pour la porter à 1.982,7 millions de droits de tirages spéciaux. Art. 2. Le Gouvernement est autorisé à octroyer au Fonds monétaire international des prêts remboursables au titre des accords d’emprunts bilatéraux (BBA) pour un montant maximum de 887 millions d’euros. L’autorisation prendra fin dès que l’augmentation des quotes-parts telle que visée à l’article 1er sera effective ou au plus tard le 31 décembre 2027. Art. 3. L’article 55, paragraphe 2, de la loi du 19 décembre 2020 concernant le budget des recettes et des dépenses de l’Etat pour l’exercice 2021 est abrogé. 1 Resolution No. 79-1 Sixteenth General Review of Quotas In accordance with Section 13 of the By-Laws, the following Resolution was submitted to the Board of Governors on November 8, 2023 for a vote without meeting: WHEREAS the Executive Board has submitted to the Board of Governors a report entitled “Sixteenth General Review of Quotas: Report of the Executive Board to the Board of Governors” (hereinafter the “Report”); WHEREAS the Board of Governors in Resolution No. 75-1 decided that the Sixteenth General Review of Quotas would continue beyond December 15, 2020 and should be concluded no later than December 15, 2023; WHEREAS the Executive Board has recommended increases in the quotas of members of the Fund as a result of the Sixteenth General Review of Quotas; WHEREAS the Executive Board has recommended a rollback in NAB credit arrangements and possible transitional arrangements to maintain the Fund’s lending capacity; WHEREAS the Chairman of the Board of Governors has requested the Secretary of the Fund to bring the proposal of the Executive Board before the Board of Governors; WHEREAS the Report of the Executive Board setting forth its proposal has been submitted to the Board of Governors by the Secretary of the Fund; and WHEREAS the Executive Board has requested the Board of Governors to vote on the following Resolution without meeting, pursuant to Section 13 of the By-Laws of the Fund: NOW, THEREFORE, the Board of Governors, noting the recommendations and the said Report of the Executive Board, hereby RESOLVES that: Sixteenth General Review of Quotas 1. The International Monetary Fund proposes that, subject to the provisions of this Resolution, the quotas of members of the Fund shall be increased to the proposed amounts shown against their names in Attachment I to this Resolution. 2. A member’s increase in quota as proposed by this Resolution shall not become effective unless that member has consented in writing to the increase not later than the date prescribed by or under paragraph 4 below and has paid the increase in full within the period prescribed by or under paragraph 5 below, provided that no member with overdue 2 repurchases, charges or assessments to the General Resources Account may consent to or pay for the increase in its quota until it becomes current in respect of those obligations. 3. No increase in quotas proposed by this Resolution shall become effective until (

  1. i)the Executive Board has determined that members having not less than 85 percent of the total of quotas on November 7, 2023 have consented in writing to the increases in their quotas, and (
  2. ii)the Executive Board has determined that the required consents from participants in the New Arrangements to Borrow (NAB) to allow for the effectiveness of the rollback of NAB credit arrangements, as described in paragraph 10 below, have been received. The Executive Board is requested to monitor the progress made in the implementation of this step. 4. Notices in accordance with paragraph 2 above shall be executed by a duly authorized official of the member and must be received in the Fund before 6:00 p.m., Washington time, November 15, 2024, provided that the Executive Board may extend this period as it may determine. 5. Each member shall pay to the Fund the increase in its quota within 35 days after the later of (
  3. a)the date on which it notifies the Fund of its consent, or (
  4. b)the date on which the conditions set forth in paragraph 3 above are met, provided that the Executive Board may extend the payment period as it may determine. 6. When deciding on an extension of the period for consent to or payment for the increase in quotas, the Executive Board shall give particular consideration to the situation of members that may still wish to consent to or pay for the increase in quota, including members with protracted arrears to the General Resources Account, consisting of overdue repurchases, charges or assessments to the General Resources Account that, in its judgment, are cooperating with the Fund toward the settlement of these obligations. 7. For members that have not yet consented to their increases in quotas under Board of Governors Resolution No. 66-2, the deadline for consent to such quota increases shall be the date determined by or under paragraph 4 above. 8. Each member shall pay 25 percent of its increase in special drawing rights, the currencies of other members specified, with their concurrence, by the Fund, or in any combination of special drawing rights and such currencies. The balance of the increase shall be paid by the member in its own currency. 3 Seventeenth General Review of Quotas 9. Under the Seventeenth General Review of Quotas, the Executive Board is requested to work to develop, by June 2025, possible approaches as a guide for further quota realignment, including through a new quota formula. Rollback of NAB Credit Arrangements 10. In view of the quota increases under the Sixteenth General Review of Quotas, the Executive Board and NAB participants are requested to (
  5. i)review NAB credit arrangements, with the objective of achieving a rollback in such credit arrangements, while broadly preserving relative shares, in an aggregate amount that maintains the lending capacity of the Fund as a result of the quota increases adopted under this Resolution, taking into account also the expiration of the 2020 Bilateral Borrowing Agreements; and (
  6. ii)include a safeguard to ensure that the rollback of NAB credit arrangements can become effective when consents to the rollback by NAB participants representing not less than 85 percent of total credit arrangements or such higher threshold as established by the Executive Board have been obtained. Maintaining Borrowing Resources During the Transition Period 11. In order to maintain the Fund’s lending capacity, and pending the effectiveness of the quota increases under this Resolution, the Executive Board should consider, in consultation with lenders to the Fund under borrowing arrangements, transitional arrangements for maintaining access to Fund borrowing until the quota increases and the related NAB rollback become effective. The Board of Governors adopted the foregoing Resolution, effective December 15, 2023. Attachment I Proposed Quotas 14th Review Quota Proposed Quota 14th Review Quota (in millions of SDRs) (in millions of SDRs) Proposed Quota (in millions of SDRs) (in millions of SDRs) Afghanistan, Islamic Republic of 323.8 485.7 Egypt, Arab Republic of 2,037.1 3,055.7 Albania 139.3 209.0 El Salvador 287.2 430.8 Algeria 1,959.9 2,939.9 Equatorial Guinea, Republic of 157.5 236.3 Andorra, Principality of 82.5 123.8 Eritrea, The State of 36.6 54.9 Angola 740.1 1,110.2 Estonia, Republic of 243.6 365.4 117.8 Antigua and Barbuda 20.0 30.0 3,187.3 4,781.0 128.8 193.2 Australia 6,572.4 9,858.6 Finland 2,410.6 3,615.9 Austria 3,932.0 5,898.0 France 20,155.1 30,232.7 324.0 Argentina Armenia, Republic of Eswatini, Kingdom of 78.5 Ethiopia, The Federal Democratic Republic of 300.7 451.1 Fiji, Republic of 98.4 147.6 Azerbaijan, Republic of 391.7 587.6 Gabon 216.0 Bahamas, The 182.4 273.6 Gambia, The 62.2 93.3 Bahrain, Kingdom of 395.0 592.5 Georgia 210.4 315.6 Bangladesh 1,066.6 1,599.9 Germany 26,634.4 39,951.6 Barbados 94.5 141.8 Ghana 738.0 1,107.0 3,643.4 681.5 1,022.3 Greece 2,428.9 Belgium Belarus, Republic of 6,410.7 9,616.1 Grenada 16.4 24.6 Belize 26.7 40.1 Guatemala 428.6 642.9 Benin 123.8 185.7 Guinea 214.2 321.3 Bhutan 20.4 30.6 Guinea-Bissau 28.4 42.6 Bolivia 240.1 360.2 Guyana 181.8 272.7 Bosnia and Herzegovina 265.2 397.8 Haiti 163.8 245.7 Botswana Brazil Brunei Darussalam 197.2 295.8 Honduras 249.8 374.7 11,042.0 16,563.0 Hungary 1,940.0 2,910.0 301.3 452.0 Iceland 321.8 482.7 19,671.6 Bulgaria 896.3 1,344.5 India 13,114.4 Burkina Faso 120.4 180.6 Indonesia 4,648.4 6,972.6 Burundi 154.0 231.0 Iran, Islamic Republic of 3,567.1 5,350.7 Cabo Verde 23.7 35.6 Iraq 1,663.8 2,495.7 Cambodia 175.0 262.5 Ireland 3,449.9 5,174.9 Cameroon 276.0 414.0 Israel 1,920.9 2,881.4 Canada 11,023.9 16,535.9 Italy 15,070.0 22,605.0 Central African Republic 111.4 167.1 Jamaica 382.9 574.4 Chad 140.2 210.3 Japan 30,820.5 46,230.8 Chile 1,744.3 2,616.5 Jordan 343.1 514.7 China, People's Republic of 30,482.9 45,724.4 Kazakhstan, Republic of 1,158.4 1,737.6 Colombia 2,044.5 3,066.8 Kenya 542.8 814.2 17.8 26.7 Kiribati 11.2 16.8 1,066.0 1,599.0 Korea, Republic of 8,582.7 12,874.1 162.0 243.0 Kosovo, Republic of 82.6 123.9 Comoros, Union of the Congo, Democratic Republic of the Congo, Republic of Costa Rica 369.4 554.1 Kuwait 1,933.5 2,900.3 Côte d'Ivoire 650.4 975.6 Kyrgyz Republic 177.6 266.4 Croatia, Republic of 717.4 1,076.1 Lao People's Democratic Republic 105.8 158.7 Cyprus 303.8 455.7 Latvia, Republic of 332.3 498.5 Czech Republic 2,180.2 3,270.3 Lebanon 633.5 950.3 Denmark 3,439.4 5,159.1 Lesotho, Kingdom of 69.8 104.7 Djibouti 31.8 47.7 Liberia 258.4 387.6 Dominica 11.5 17.3 Libya 1,573.2 2,359.8 Dominican Republic 477.4 716.1 Lithuania, Republic of Ecuador 697.7 1,046.6 Luxembourg 441.6 662.4 1,321.8 1,982.7 2 14th Review Quota Proposed Quota 14th Review Quota (in millions of SDRs) (in millions of SDRs) Proposed Quota (in millions of SDRs) (in millions of SDRs) Madagascar, Republic of 244.4 366.6 Senegal 323.6 485.4 Malawi 138.8 208.2 Serbia, Republic of 654.8 982.2 Malaysia 3,633.8 5,450.7 Seychelles 22.9 34.4 Maldives 21.2 31.8 Sierra Leone 207.4 311.1 Mali 186.6 279.9 Singapore 3,891.9 5,837.9 Malta 168.3 252.5 Marshall Islands, Republic of the 4.9 7.4 Mauritania, Islamic Republic of 128.8 Mauritius Mexico Micronesia, Federated States of Slovak Republic 1,001.0 1,501.5 Slovenia, Republic of 586.5 879.8 193.2 Solomon Islands 20.8 31.2 142.2 213.3 Somalia 163.4 245.1 8,912.7 13,369.1 South Africa 3,051.2 4,576.8 7.2 10.8 South Sudan, Republic of 246.0 369.0 172.5 258.8 Spain 9,535.5 14,303.3 Mongolia 72.3 108.5 Sri Lanka 578.8 868.2 Montenegro 60.5 90.8 St. Kitts and Nevis 12.5 18.8 Morocco 894.4 1,341.6 St. Lucia 21.4 32.1 Moldova, Republic of Mozambique, Republic of 227.2 340.8 St. Vincent and the Grenadines 11.7 17.6 Myanmar 516.8 775.2 Sudan 630.2 945.3 Namibia 191.1 286.7 Suriname 128.9 193.4 2.8 4.2 Sweden 4,430.0 6,645.0 Nepal 156.9 235.4 Switzerland 5,771.1 8,656.7 Netherlands, The 8,736.5 13,104.8 Syrian Arab Republic 1,109.8 1,664.7 New Zealand 1,252.1 1,878.2 Tajikistan, Republic of 174.0 261.0 Nicaragua 260.0 390.0 Tanzania, United Republic of 397.8 596.7 Nauru, Republic of Niger 131.6 197.4 Thailand 3,211.9 4,817.9 Nigeria 2,454.5 3,681.8 Timor-Leste, Democratic Republic of 25.6 38.4 220.2 North Macedonia, Republic of 140.3 210.5 Togo 146.8 Norway 3,754.7 5,632.1 Tonga 13.8 20.7 Oman 544.4 816.6 Trinidad and Tobago 469.8 704.7 Pakistan 2,031.0 3,046.5 Tunisia 545.2 817.8 4.9 7.4 Türkiye, Republic of 4,658.6 6,987.9 238.6 357.9 Palau, Republic of Panama 376.8 565.2 Turkmenistan Papua New Guinea 263.2 394.8 Tuvalu 2.5 3.8 Paraguay 201.4 302.1 Uganda 361.0 541.5 Peru 1,334.5 2,001.8 Ukraine 2,011.8 3,017.7 Philippines 2,042.9 3,064.4 United Arab Emirates 2,311.2 3,466.8 Poland, Republic of 4,095.4 6,143.1 United Kingdom 20,155.1 30,232.7 Portugal 2,060.1 3,090.2 United States 82,994.2 124,491.3 Qatar 735.1 1,102.7 Uruguay 429.1 643.7 Romania 1,811.4 2,717.1 Uzbekistan, Republic of 551.2 826.8 Russian Federation 12,903.7 19,355.6 Vanuatu 23.8 35.7 Rwanda 160.2 240.3 Venezuela, República Bolivariana de 3,722.7 5,584.1 Samoa 16.2 24.3 Vietnam 1,153.1 1,729.7 San Marino, Republic of 49.2 73.8 Yemen, Republic of 487.0 730.5 São Tomé and Príncipe, Democratic Republic of 14.8 22.2 Zambia 978.2 1,467.3 9,992.6 14,988.9 Zimbabwe 706.8 1,060.2 Saudi Arabia

🔗 Vers la source officielle

Explication IA à partir du texte officiel de la loi. Indicatif, ne remplace pas un conseil juridique.