IMF Quota and Governance Reform - Elements of an Agreement

Date: October 31, 2010
Electronic Access: Full Text

Summary:This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.

Series : Policy Paper
Subject(s): Fund | Quotas | Corporate governance | Fourteenth General Review of Quotas | Quota increases | Quota distribution | Executive Board composition | Elected Executive Directors | Alternate Executive Directors | Voting power | Executive Board decisions | Board of Governors resolutions | Voting without meeting | Amendments of Articles of Agreement