IMF Quota and Governance Reform - Elements of an Agreement

October 31, 2010

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IMF Quota and Governance Reform - Elements of an Agreement, (USA: International Monetary Fund, 0) accessed November 21, 2024

Summary

This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.

Subject: Alternate Executive Directors, Amendments of Articles of Agreement, Board of Governors resolutions, Corporate governance, Elected Executive Directors, Executive Board composition, Executive Board decisions, Fourteenth General Review of Quotas, Fund, Quota distribution, Quota increases, Quotas, Voting power, Voting without meeting

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