IMF Executive Directors and Voting Power

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IMF Executive Directors and Voting Power

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Role and Composition of the Executive Board

• The Executive Board (the Board) is responsible for conducting the day-to-day business of the IMF.
• The Board is composed of 25 Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chairman.
• The Board usually meets several times each week.
• The Board carries out its work largely on the basis of papers prepared by IMF management and staff.

Quotas and Voting Shares

• The table 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.

Footnotes and Voting Power Details

• 1Voting power varies on certain matters pertaining to the General Department with use of the Fund's resources in that Department.
• 2Percentages of total votes () in the General Department and the Special Drawing Rights Department.
• 3This figure may differ from the sum of the percentages shown for individual countries because of rounding.