Fifteenth General Review of Quotas—Quota Formula and Realigning Shares

Policy Papers, March 5, 2021

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Canonical URL: Fifteenth General Review of Quotas—Quota Formula and Realigning Shares

Provides background for an initial discussion under the Fifteenth General Review of Quotas (15th Review) in line with the work plan agreed by the Executive Board.
Discusses issues related to further reforms of the quota formula and realigning quota shares, based on updated quota data through 2015.
A companion paper, to be discussed separately, will address issues related to the size of the Fund and mix of quota and borrowed resources.
Both papers seek to facilitate initial discussions on some of the key issues for the 15th Review.
No proposals are made at this stage; further deliberations will be needed before the issues under discussion can begin to be narrowed down.

Quota formula reform: issues for further reform of the quota formula.
Realigning quota shares: approaches and considerations for realigning quota shares using updated data through 2015.
Data basis: analysis anchored on updated quota data through 2015.
Linkages to Fund resources: separate treatment of size of the Fund and mix of quota and borrowed resources in a companion paper.

Subject: Balance of payments; Balance of payments statistics; Capital account; Capital flows; Central banks; Economic and financial statistics; Financial account; Foreign exchange; International reserves; Monetary policy; Political economy; Purchasing power parity
Keywords: Africa; Asia and Pacific; Balance of payments statistics; Capital account; Capital flows; distributing quota; Financial account; GDP blend; Global; I. quota formula variable; IFS data; IMF body; International reserves; Middle East; Purchasing power parity; quota share; realigning share; Western Hemisphere