Members quota in imf, Microeconomics

Assignment Help:

Member's Quota in IMF 

Quota represents the subscription by a member country to the capital fund of the IMF. Quotas are fixed for each country, taking into account such factors as the country's national income, reserves, export variability and the ratio of exports to national income. Apart from representing the subscription of a country to the IMF, the quota also forms the basis for determining its drawing rights from the IMF, its voting power and share in the allocation of Special Drawing Rights (SDRs). Twenty five per cent of a country's quota is to be contributed in the form of SDRs or foreign exchange and 75 per cent in the country's own currency. Quotas are reviewed by the IMF at periods of not more than five years. Since its inception, with initial size of quotas placed of about $7.5 billion for 40 member-countries, including India, the total quota of the Fund presently stands at SDRs 212.6 billion (about $310 billion). The largest share of 17.5 per cent belongs to the USA, while the smallest share belongs to Palau (0.001 per cent). Each country's voting power is the sum of its "basic votes" and its quota-based votes. Each IMF member has 250 basic votes plus one additional vote for each SDR 1,00,000 of quota.  Each member's quota is the most fundamental element in its financial relationship with the IMF. It determines the amount of financing it can receive from the IMF and its share in SDR allocations.   


Related Discussions:- Members quota in imf

Help, Hi I need help with elasticity. I think the problem has already been ...

Hi I need help with elasticity. I think the problem has already been posted to your site.

Problems relating to national income estimation, Problems relating to natio...

Problems relating to national income estimation: Changing prices of goods and services . Prices of goods and services do change from one period to another. This makes compari

Problem Solving, Regardless of the market structure, oligopolist and the mo...

Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?

How to do economic analysis of companies, For the purposes of economic anal...

For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources.  In a purely competitive

Wage labour, Wage Labour: A form of work in that employees perform labour f...

Wage Labour: A form of work in that employees perform labour for others, under their direction, in return for salaries orwages. Employer controls and owns the product of the labour

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd