IMF Members' Quotas and Voting Power, and IMF Board of Governors

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The Board of Governors is the highest decision-making body of the IMF.
Composition:
- 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.
Powers and meetings:
- 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 (referenced) shows quota and voting shares for IMF members.
Following the entry into force of the Board Reform Amendment on January 26, 2016:
- Members who have consented to their quota increases can pay their quota increases under the 14th General Review of Quotas.
- Quota and voting shares will change as members pay their quota increases.
- During this process, the table will be updated regularly.

Participation in the Special Drawing Rights Department:
- At the present time all 191 members are participants in the Special Drawing Rights Department.1
Voting power caveat:
- Voting power varies on certain matters pertaining to the General Department with use of the Fund's resources in that Department.2
Article VIII obligations:
- These countries have accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Articles of Agreement.3
Rounding:
- This figure may differ from the sum of the percentages shown for individual countries because of rounding.4