ABSTRACT

IMF Reforms: Issues for Congress [April 9, 2015]   [open pdf - 383KB]

"In December 2010, the Board of Governors of the International Monetary Fund (IMF, the Fund), the institution's highest governing body, agreed to a reform package that addresses two major concerns about the institution: (1) that the size of the IMF's resources has not kept pace with increased economic activity in the global economy; and (2) that the representation of emerging and developing economies at the IMF does not reflect their growing importance in the global economy. Key parts of the reform package cannot go into effect until a number of IMF countries formally approve the reforms. If enacted, these reforms would increase the size of the IMF's core source of funding (IMF 'quota'), and increase the representation of emerging market and developing countries at the IMF to reflect more accurately their weight in the global economy."

Report Number:
CRS Report for Congress, R42844
Author:
Publisher:
Date:
2015-04-09
Series:
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
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