{
  "title": "IMF Quota and Governance Reform - Elements of an Agreement",
  "publication": "Policy Papers, October 31, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/imf-quota-and-governance-reform-elements-of-an-agreement-pp4501",
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  "summary": "This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors.\n- Reforms intended to lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness.\n- Publication date: October 31, 2010."
    },
    {
      "heading": "Key proposals and findings",
      "content": "- Completion of the 14th General Review of Quotas with a doubling of quotas.\n- Major realignment of quota shares among members.\n- Proposals to lead to a more representative, all-elected Executive Board.\n- Objective: strengthen the Fund’s legitimacy and effectiveness through quota and governance changes."
    },
    {
      "heading": "Institutional and governance changes",
      "content": "- Quota-related reforms:\n  - Doubling of quotas as part of the 14th General Review of Quotas.\n  - Major realignment of quota shares among members.\n- Executive Board reforms:\n  - Transition to a more representative, all-elected Executive Board.\n  - Implication: alteration of Executive Board composition and Executive Board decisions dynamics."
    },
    {
      "heading": "Intended outcomes and implications",
      "content": "- Strengthened legitimacy of the Fund.\n- Improved effectiveness of the Fund through adjusted quota distribution and Board composition.\n- Operationalization of a core reform package for consideration by IMF governance bodies.\n\nIMF Quota and Governance Reform - Elements of an Agreement, (USA: International Monetary Fund, 0) accessed 9/18/2026\n\n---\n\n Content in this bundle\n\n- IMF Quota and Governance ReformElements of an Agreement; IMF Policy papers; October 31, 2010\n  - IMF Quota and Governance ReformElements of an Agreement; IMF Policy papers; October 31, 2010 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - IMF Quota and Governance ReformElements of an Agreement; IMF Policy papers; October 31, 2010 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/imf-quota-and-governance-reform-elements-of-an-agreement-pp4501"
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    "Published: October 31, 2010",
    "Series: Policy Papers",
    "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.",
    "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.",
    "Quota-related reforms:",
    "Executive Board reforms:",
    "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; IMF Policy papers; October 31, 2010**"
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