Quota and Voice Reform - Key Elements of a Potential Package of Reforms
Policy Papers, February 26, 2008
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- Quota and Voice Reform - Key Elements of a Potential Package of Reforms
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Bibliographic details
- Published: February 26, 2008
- Series: Policy Papers
Background and Purpose
- The IMFC in its October 2007 Communiqué called on the Executive Board to continue its work on quota and voice reform in order to allow agreement on all elements of a reform package by Spring 2008.
- This paper suggests the possible contours of such a reform package to facilitate progress toward that goal.
- The package outlined is intended to be consistent with the objectives set out in the Singapore Resolution (Appendix 1).
Core Objectives Emphasized
- Make significant progress in realigning quota shares with economic weight in the global economy.
- Enhance the participation and voice for low-income countries.
Guidance and Timeline
- Reflects further guidance provided in the IMFC’s October 2007 Communiqué.
- Includes the goal of agreeing on all elements of the package by Spring 2008.
Covered Subjects (as listed)
- Quota calculations
- Quota formulas
- Quota increases
- Voting status
Summary Findings (as presented)
- The paper outlines possible contours of a reform package aimed at facilitating agreement on quota and voice reform.
- Emphasis is placed both on realigning quota shares with economic weight and on enhancing participation and voice for low-income countries.
- The work is framed to meet the IMFC objective of agreement on all elements by Spring 2008.
Source: Quota and Voice Reform - Key Elements of a Potential Package of Reforms, February 26, 2008.