News – New Rules for Global Finance Coalition

Following the 2010 IMF Reform Agreement that is intended to increase the voting shares of developing and emerging economies; Belgium, the Netherlands and Luxembourg are now considering forming a a new constituency group with several emerging economies. If the new constituency were to be formed, its overall percent of IMF votes would be 6.39, surpassing Japan and making it second to the United States. Ofcourse, if the 2010 Reform Agreement becomes effective (approval and ratification by all members), many of the countries in the "New Group" will see a reduction in their relative votes.                

Group (Led by Belgium) Votes by country % of Fund total New Group Votes by country % of Fund total
Austria 21,876 Belgium 46,789  
Belarus 4,601 Netherlands 52,361  
Belgium 46,789 Luxembourg 4,924  
Czech Republic 10,759 Ukraine 14,457  
Hungary 11,121 Israel 11,348  
Kosovo 1,327 Romania 11,039  
Luxembourg 4,924 Bulgaria 7,139  
Slovak Republic 5,012 Bosnia and Herzegovina 2,428  
Slovenia 3,487 Cyprus 2,319  
Turkey 15,295 Georgia 2,240  
Total Votes 125,191 4.97 Moldova 1,969  
  Armenia 1,657  
Group (Led by Netherlands)     Macedonia 1,426  
Armenia 1,657 Montenegro 1,012  
Bosnia and Herzegovina 2,428 Total Votes 161,108 6.39
Bulgaria 7,139    
Croatia 4,388 Not in New Group  
Cyprus 2,319 Austria 21,876  
Georgia 2,240 Belarus 4,601  
Israel 11,348 Czech Republic 10,759  
Macedonia 1,426 Hungary 11,121  
Moldova 1,969 Kosovo 1,327  
Montenegro 1,012 Slovak Republic 5,012  
Netherlands 52,361 Slovenia 3,487  
Romania 11,039 Turkey 15,295  
Ukraine 14,457 Croatia 4,388  
Total Votes 113,783 4.52 Total Votes 77,866 3.09
Total of eligible votes (Includes the other groups) 2,512,807 99.73