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The International Monetary Fund (IMF) executive board has approved a 50% quota increase

Published on November 11, 2023
Current Context: The executive board of the International Monetary Fund (IMF) has approved a proposal to increase the quota allocated to members by 50%.
The International Monetary Fund (IMF) executive board has approved a 50% quota increase
  • This proposal is now set to be considered and made effective by the board of governors as part of concluding the 16th general review of quotas.
  • The quota increase is intended to enhance the IMF’s permanent resources and strengthen the quota-based nature of the Fund by reducing the reliance on borrowing.
  • This move is seen as a crucial step in preserving a strong, quota-based, and adequately resourced IMF at the center of the Global Financial Safety Net.
  • The proposal also includes a call for work to develop, by June 2025, possible approaches as a guide for further quota realignment, which aims to better reflect members’ relative positions in the world economy while protecting the quota shares of the poorest members.

Question:

Q.1 What is the proposed increase in the quota allocated to members by the IMF executive board?
a. 10%
b. 25%
C. 50%
d. 75%
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