A statement issued by the Fund’s steering committee chair, Spanish economy minister Nadia Calvino, also called for proposals to change the Fund’s shareholding formula by June 2025. The statement did not specify any funding amounts but left the door open to a potential near-term funding increase without changes in near-term shareholding.
“In order to maintain the Fund’s current resource envelope until a quota increase becomes effective, we call on the Executive Board to propose transitional arrangements,” the statement said.
Source: Economy - investing.com
