The last changes to the International Monetary Fund's shareholding structure were made in 2010.
on a rolling basis ahead of the IMF and World Bank’s annual meetings in October in Marrakech, Morocco.
She said the IMF needed to remain a quota-based institution so that it has a “consistent, predictable level of resources” that keeps it at the center of the global financial safety net. The last changes to the IMF’s shareholding structure were made in 2010. The United States, which holds an effective veto over major IMF structural decisions, is the largest shareholder, with 16.5% of the Fund’s voting power, followed by Japan at 6.14%, China at 6.08%, and Germany at 5.31%.Governor Yi Gang’s IMFC statement said the quota reform was needed “to fundamentally enhance the Fund’s legitimacy, effectiveness, and representativeness.
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