IMF Members' Quotas and Voting Power, and IMF Board of GovernorsLast Updated: March 31, 2015
The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank. All powers of the IMF are vested in the Board of Governors. The Board of Governors may delegate to the Executive Board all except certain reserved powers. The Board of Governors normally meets once a year.
The table below shows quota and voting shares for IMF members. Following the entry into effect of the 2008 Amendment on Voice and Participation on March 3, 2011, quota and voting shares will change as eligible members pay their quota increases. During this process, this table will be updated regularly. Click here for a table illustrating percentage quota and voting shares before and after implementation of the 2008 Amendment on Voice and Participation, and of subsequent reforms of quotas and governance which were agreed in 2010 but are not yet in effect. (see here for more details.)