IMF proposes 50% increase in quotas but no voting reform
Proposal likely to be acceptable to US but would not boost emerging markets’ representation
The International Monetary Fund’s executive board proposed a 50% increase in quotas on November 7, but said there would be no changes in voting shares.
If approved by 85% of IMF voting members, the proposal would substantially increase the IMF’s capital, and draw to a close the sixteenth round of quota reviews.
The fund said the increased quotas would allow it to cut its reliance on borrowing arrangements. Under the proposals, its total lending capacity would remain broadly unchanged at about
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