IMF Finances

IMF Quotas -- A Factsheet

External Review of Quota Formulas: Quantification
April 12, 2001

Report to the IMF Executive Board of the Quota Formula Review Group

Report to the IMF Executive Board of the Quota Formula Review Group - Annex

Report to the IMF Executive Board of the Quota Formula Review Group - Statistical Appendix - Part A

Report to the IMF Executive Board of the Quota Formula Review Group - Statistical Appendix - Part B



Staff Commentary on the External Review of the Quota Formulas

Prepared by the Treasurer’s Department

In consultation with the Legal, Policy Development and Review, Research, and Statistics Departments



June 6, 2000

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Contents


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I.   Introduction

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II.   Role of Quota Formulas

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III.   Selection of a Quota Formula: General Considerations
  • Normative Approach
  • Functions of Quotas
  • Assessment Criteria

152k
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IV.   Evaluation of QFRG Proposals
  • Specification
      Number of formulas
      Mathematical form
      Variable weights
  • Proposed Variables
      GDP
      Balance of payments variability
      Other variables considered by the QFRG
  • Implications of EMU
  • Data Limitations

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V.   Next Steps

Tables

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1.  Preliminary Illustrative Calculations Based on Partial QFRG Formula and Data Ending in 1994
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2.  Preliminary Illustrative Calculations Based on Partial QFRG Formula and Data Ending in 1994 By WEO Classification
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3.  Preliminary Illustrative Calculations Based on Partial QFRG Formula and Data Ending in 1994 By Geographical Region