Once implemented, the 2010 reform will give the BRIC counties a 20 percent average increase in IMF voting shares, but progress in IMF governance reform has been slow. The agreed 2008 reforms took three years to go into force. Given that 75 countries, including the US, will be adversely affected by the 2010 reforms, it might take even longer for the 2010 reforms to become effective. It is anticipated that the US will ratify the reforms, but not until 2013. However, despite the slow pace of implementing the new IMF reforms, other shifts in governance are beginning to take shape. Perhaps in anticipation of the implementation of the 2010 reforms, two European IMF constituencies are realigning. To read more about this realignment and the impact of the 2010 Reforms on IMF governance please see the document below.
Impact of 2010 IMF Quota Reform: Winners, Losers and Realignments