{
  "title": "Quota Formula Review - Data Update and Further Considerations",
  "publication": "Policy Papers, June 28, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/quota-formula-review-data-update-and-further-considerations-pp4675",
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  "summary": "In March 2012, the Executive Board held its first formal discussion on the comprehensive review of the quota formula. This review, to be completed by January 2013, is an important part of the quota and governance reforms agreed in 2010.",
  "sections": [
    {
      "heading": "Background and timeline",
      "content": "- Executive Board held its first formal discussion on the comprehensive review of the quota formula in March 2012.\n- The review is to be completed by January 2013 and is part of the quota and governance reforms agreed in 2010.\n- The Board held an informal follow-up meeting on June 13, 2012.\n- Publication date on the page: June 28, 2012.\n- eLibrary offering referenced: \"over 25,000 IMF publications in multiple formats.\""
    },
    {
      "heading": "Key findings and statements",
      "content": "- Directors stressed the importance of agreeing on a quota formula that better reflects members’ relative positions in the global economy for future discussions on the 15th General Review of Quotas.\n- The IMFC reiterated in April its expectation for agreement by January 2013: \"...on a simple and transparent quota formula that better reflects members’ relative positions in the world economy.\"\n- The IMFC reaffirmed its commitment to complete the 15th quota review by January 2014.\n- The IMFC noted that any realignment is expected to:\n  - result in increases in the quota shares of dynamic economies in line with their relative positions in the world economy, and hence likely in the share of EMDCs as a whole;\n  - and that steps shall be taken to protect the voice and representation of the poorest members."
    },
    {
      "heading": "Subjects covered",
      "content": "- General Reviews of Quotas\n- Quota calculations\n- Quota distribution\n- Quota formulas\n\nSource: Quota Formula Review - Data Update and Further Considerations (June 28, 2012).\n\n---\n\n Content in this bundle\n\n- Quota Formula Review—Data Update and Further Considerations; IMF Policy Paper; June 28, 2012\n  - Quota Formula Review—Data Update and Further Considerations; IMF Policy Paper; June 28, 2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Quota Formula Review—Data Update and Further Considerations; IMF Policy Paper; June 28, 2012 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/quota-formula-review-data-update-and-further-considerations-pp4675"
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    "Published: June 28, 2012",
    "Series: Policy Papers",
    "Executive Board held its first formal discussion on the comprehensive review of the quota formula in March 2012.",
    "The review is to be completed by January 2013 and is part of the quota and governance reforms agreed in 2010.",
    "The Board held an informal follow-up meeting on June 13, 2012.",
    "Publication date on the page: June 28, 2012.",
    "eLibrary offering referenced: \"over 25,000 IMF publications in multiple formats.\"",
    "Directors stressed the importance of agreeing on a quota formula that better reflects members’ relative positions in the global economy for future discussions on the 15th General Review of Quotas.",
    "The IMFC reiterated in April its expectation for agreement by January 2013: \"...on a simple and transparent quota formula that better reflects members’ relative positions in the world economy.\"",
    "The IMFC reaffirmed its commitment to complete the 15th quota review by January 2014.",
    "The IMFC noted that any realignment is expected to:",
    "General Reviews of Quotas",
    "Quota calculations",
    "Quota distribution",
    "Quota formulas",
    "**Quota Formula Review—Data Update and Further Considerations; IMF Policy Paper; June 28, 2012**"
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