Fifteenth General Review of Quotas—Quota Formula and Realigning Shares

International Monetary Fund

No 2021/007, IMF Policy Papers from International Monetary Fund

Abstract: This paper provides background for an initial discussion under the Fifteenth General Review of Quotas (15th Review) in line with the work plan agreed by the Executive Board. It discusses issues related to further reforms of the quota formula and realigning quota shares, based on updated quota data through 2015. A companion paper, to be discussed separately, will address issues related to the size of the Fund and mix of quota and borrowed resources. Both these papers seek to facilitate initial discussions on some of the key issues for the 15th Review. No proposals are made at this stage, recognizing that further deliberations will be needed before the issues under discussion can begin to be narrowed down.

Keywords: quota share; GDP blend; distributing quota; IMF body; IFS data; Purchasing power parity; Capital flows; Capital account; Balance of payments statistics; Financial account; Africa; Global; Middle East; Western Hemisphere; Asia and Pacific; I. quota formula variable; realigning share; International reserves (search for similar items in EconPapers)
Pages: 234
Date: 2021-03-05
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