This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Portugal and the IMF. Additional information can be found on Portugal and IMF country page, including official IMF reports and Executive Board documents in English that deal with Portugal.

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At a Glance

  • Member since March 29, 1961
  • Quota : SDR1029.7 million (equivalent to €1144million, US$1,635 million at current exchange rates)
    Each member country of the IMF is assigned a quota, based broadly on its relative position in the world economy. A member country's quota determines its maximum financial commitment to the IMF, its voting power, and has a bearing on its access to IMF financing.
  • Portugal is represented in the Executive Board of the IMF in a group of countries led by Italy and also includes Albania, Greece, Malta, San Marino, and Timor-Leste.
    The Executive Board is responsible for conducting the day-to-day business of the IMF. It is composed of 24 Directors, who are appointed or elected by member countries or by groups of countries. The Managing Director serves as its Chairman. The Board usually meets several times each week. It carries out its work largely on the basis of papers prepared by IMF management and staff.
  • In addition to quota resources, Banco de Portugal has contributed to the New Arrangement to Borrow with a credit line of up to SDR 1542.13 million.

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Portugal and the IMF

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