Policy Papers

Against the background of the global crisis and emerging lessons, the IMFC has called for concluding the 14th General Review of Quotas by January 2011. In framing the review, the IMFC has also emphasized that the Fund is and should remain a quota-based institution, notwithstanding the large increase in its borrowed resources to meet lending needs in the global economic crisis. As part of the quota review as well as the work on the Fund’s mandate, this paper considers both the appropriate size of the Fund’s resource base and its composition. It indicates a relatively wide range of quota increases, broadly centered on a doubling of quota resources.