IMF Quota Formula Update
IMF quota reform update and thoughts from the Brazilian Executive Director.
Examples of Anomalies of the Current Quota Formula
Detailed list of the flaws with the current IMF quota formula based on some of the outcomes it creates or contributes to.
Quota Formula Review—Initial Considerations
This paper provides the basis upon which the IMF Board will begin a review of its quota formula. The paper goes over the role of the formula and previous discussions about it and reports on illustrative simulations the possible impact of some of the proposed modifications to quota shares. It then concludes the article with questions for the Directors.
Quota Formula Review—Initial Considerations Supplement
This paper contains illustrative calculations for both major country groups and for individual members. It discusses the evolution of variability being factored in the quota formula. The final section is devoted to empirical analysis.
Note on Quota Formula Review: Initial Considerations
This personal note, written by Paulo Nogueira Batista Jr., the Brazilian IMF Executive Director, deconstructs and comments on the Quota Formula Review: Initial Considerations paper.
Acceptances of the IMF quota reform
CountryNumber of Countries = 100 |
Quota Share %(as of Nov 5, 2010) |
|
Angola |
0.13 |
|
Antigua and Barbuda |
0.01 |
|
Australia |
1.49 |
|
Bahamas, The |
0.06 |
|
Bangladesh |
0.25 |
|
Barbados |
0.03 |
|
Belarus |
0.18 |
|
Belgium |
2.12 |
|
Belize |
0.01 |
|
Benin |
0.03 |
|
Bhutan |
0.003 |
|
Botsw ana |
0.03 |
|
Brazil |
1.40 |
|
Brunei Darussalam |
0.10 |
|
Burkina Faso |
0.03 |
|
Burundi |
0.04 |
|
Cambodia |
0.04 |
|
Chad |
0.03 |
|
China |
3.72 |
|
Colombia |
0.36 |
|
Comoros |
.004 |
|
Côte d’Ivoire |
0.15 |
|
Croatia |
0.17 |
|
Denmark |
0.76 |
|
Djibouti |
0.01 |
|
Dominica |
0.004 |
|
Dominican Republic |
0.10 |
|
El Salvador |
0.08 |
|
Equatorial Guinea |
0.01 |
|
Ethiopia |
0.06 |
|
Finland |
0.58 |
|
France |
4.94 |
|
Gambia, The |
0.01 |
|
Greece |
0.38 |
|
Guyana |
0.04 |
|
Haiti |
0.04 |
|
Honduras |
0.06 |
|
Iceland |
0.05 |
|
India |
1.91 |
|
Indonesia |
0.96 |
|
Ireland |
0.39 |
|
Italy |
3.24 |
|
Jamaica |
0.13 |
|
Japan |
6.12 |
|
Kenya |
0.12 |
|
Korea |
1.35 |
|
Lao PDR |
0.02 |
|
Latvia |
0.06 |
|
Lesotho |
0.02 |
|
Liberia |
0.06 |
|
Libya |
0.52 |
|
Luxembourg |
0.13 |
|
Malawi |
0.03 |
|
Malaysia |
0.68 |
|
Maldives |
0.004 |
|
Malta |
0.05 |
|
Mauritius |
0.05 |
|
Mozambique |
0.05 |
|
Myanmar |
0.12 |
|
Namibia |
0.06 |
|
Nepal |
0.03 |
|
Netherlands, The |
2.37 |
|
Nicaragua |
0.06 |
|
Nigeria |
0.81 |
|
Norway |
0.77 |
|
Pakistan |
0.48 |
|
Panama |
0.10 |
|
Papua New Guinea |
0.06 |
|
Paraguay |
0.05 |
|
Peru |
0.29 |
|
Philippines |
0.40 |
|
Poland |
0.63 |
|
Portugal |
0.40 |
|
Romania |
0.47 |
|
Russian Federation |
2.73 |
|
Saudi Arabia |
3.21 |
|
Serbia |
0.22 |
|
Seychelles |
0.004 |
|
Sierra Leone |
0.05 |
|
Singapore |
0.40 |
|
Slovenia |
0.11 |
|
South Africa |
0.86 |
|
Spain |
1.40 |
|
Sri Lanka |
0.19 |
|
St. Vincent and the Grenadines |
0.004 |
|
Suriname |
0.04 |
|
Swaziland |
0.02 |
|
Sweden |
1.10 |
|
Tanzania |
0.09 |
|
Thailand |
0.50 |
|
Tonga |
0.003 |
|
Trinidad and Tobago |
0.15 |
|
Turkey |
0.55 |
|
Uganda |
0.08 |
|
United Kingdom |
4.94 |
|
Uruguay |
0.14 |
|
Uzbekistan |
0.13 |
|
Vietnam |
0.15 |
|
Zambia |
0.22 |
|
Zimbabwe |
0.16 |
|
Total |
57.93 |