International Monetary Fund

The International Monetary Fund (IMF) is an international organization that was initiated in 1944 at the Bretton Woods Conference and formally created in 1945 by 29 member countries. The IMF's stated goal was to assist in the reconstruction of the world's international payment system post–World War II. The IMF currently has a near-global membership of 188 countries. To become a member, a country must apply and then be accepted by a majority of the existing members. Upon joining, each member country of the IMF is assigned a quota, based broadly on its relative size in the world economy. The IMF provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty.

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    • Quotas and Voting Power of IMF Board of Governors
      April 2022
      Quelle: International Monetary Fund
      Hochgeladen von: Knoema
      Zugriff am: 29 April, 2022
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      The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank. All powers of the IMF are vested in the Board of Governors. The Board of Governors may delegate to the Executive Board all except certain reserved powers. The Board of Governors normally meets once a year. At the present time all 190 members are participants in the Special Drawing Rights Department. Voting power varies on certain matters pertaining to the General Department with use of the Fund's resources in that Department. These countries have accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Articles of Agreement. This figure may differ from the sum of the percentages shown for individual countries because of rounding. 
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