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|Mexico and the IMF|
Updated August 13, 2014
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|April 01, 2008 -- Issues Brief - Reform of IMF Quotas and Voice: Responding to Changes in the Global Economy|
On March 28, 2008, the Executive Board of the IMF endorsed a major package of reforms that will enhance the institution's governance. Once approved by the Fund's Board of Governors (they are expected to cast their votes by April 28), the agreement will adjust quota shares to better reflect the relative weight of member countries in the world economy, particularly that of dynamic emerging countries. It will also enhance the voice and representation of low-income countries within the IMF.
|March 01, 2008 -- Issues Brief - Reform of IMF Quotas and Voice: Responding to Changes in the Global Economy|
In September 2005, the IMF embarked on a wide-ranging program of modernization called the Medium-Term Strategy. One important element of the Strategy is governance reform, including adjusting quota shares to reflect better the relative weight of members in the world economy and enhancing the voice and participation of low-income members within the institution. This reform is critical for the continued effectiveness of the Fund.
|September 11, 2006 -- Issues Brief - Implementing the IMF's Medium-Term Strategy|
The IMF is moving ahead with the implementation of the Medium-Term Strategy launched last year to modernize the institution's activities and governance. Proposed reforms would rebalance quotas to reflect the rise of new economic powers, while protecting the voice of low-income countries. And a new consultative approach has been proposed to address global problems that require collective action by many countries - the first such multilateral consultation has begun and will focus on narrowing global trade imbalances.
|March 26, 2001 -- Resolving and Preventing Financial Crises: The Role of the Private Sector -- An IMF Issues Brief|
It is important to encourage the involvement of private sector creditors in the resolution of crises, by reaching cooperative solutions to payment problems. If efforts to reach agreement on a voluntary approach are not successful, creditors may have to accept some constraint on their immediate demands for repayment and shoulder some losses.
|March 09, 2001 -- Reforming the International Financial Architecture -- Progress Through 2000 -- An IMF Issues Brief|
The financial crises of the past few years exposed weaknesses in the international financial system. In response, the international community is strengthening the architecture of the international financial system to reduce the risk of crises.