IMF Quota and Governance Reform - Elements of an Agreement
Policy Papers, October 31, 2010
Source details
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- IMF Quota and Governance Reform - Elements of an Agreement
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Bibliographic details
- Published: October 31, 2010
- Series: Policy Papers
Overview
- Paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors.
- Reforms intended to lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness.
- Publication date: October 31, 2010.
Key proposals and findings
- Completion of the 14th General Review of Quotas with a doubling of quotas.
- Major realignment of quota shares among members.
- Proposals to lead to a more representative, all-elected Executive Board.
- Objective: strengthen the Fund’s legitimacy and effectiveness through quota and governance changes.
Institutional and governance changes
- Quota-related reforms:
- Doubling of quotas as part of the 14th General Review of Quotas.
- Major realignment of quota shares among members.
- Executive Board reforms:
- Transition to a more representative, all-elected Executive Board.
- Implication: alteration of Executive Board composition and Executive Board decisions dynamics.
Intended outcomes and implications
- Strengthened legitimacy of the Fund.
- Improved effectiveness of the Fund through adjusted quota distribution and Board composition.
- Operationalization of a core reform package for consideration by IMF governance bodies.
IMF Quota and Governance Reform - Elements of an Agreement, (USA: International Monetary Fund, 0) accessed 9/18/2026
Content in this bundle
- IMF Quota and Governance ReformElements of an Agreement; IMF Policy papers; October 31, 2010