Key facts about IMF reforms

0 CommentsPrint E-mail, November 9, 2010
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• All BRIC countries will be top 10 IMF shareholders

• More than 6 percent shift in quota share to dynamic emerging market and developing countries

• Voice of poorest countries maintained by preserving their voting shares.

So who pays for the shift?

• The bulk of the shift—about 80 per cent—comes from a reduction in the shares of advanced economies and some oil producers

• 110 countries will gain or maintain quota share, of which 102 are emerging market and developing countries.

Once reforms in place, rebalancing to be mirrored in IMF’s Executive Board

• Advanced European economies will hold two fewer seats

• All Executive Directors will be elected.

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