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IMF May Increase Members’ Interim Quota Deal – Official

Editor by Editor
September 4, 2015
in Uncategorized
IMF Wants Nigeria To Prioritize Spending
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  • There is an increasing likelihood that the International Monetary Fund (IMF) will do an interim deal on changes to its quota system, according one of its executives on Friday.
  • Rakesh Mohan, an Executive Director at the IMF, said in London: “there’s more and more likelihood that something like that will happen.”
  • He said that one of the options could be small increases in the shares of countries like China and India.
  • That will also probably result in the U.S quota share falling from its current 17.7 per cent, although there is a limit of 15 per cent that it cannot fall below, he said.
  • Each member country of the IMF is assigned a quota based on its relative position in the world economy.
  • This determines its maximum financial commitment to the IMF and its voting power.

 

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