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

Uses of price and income elasticity of demand, Uses of price and income ela...

Uses of price and income elasticity of demand: The concept of price elasticity of demand has some uses whihc include the following: (i) Pricing of goods and services It is

Physical capital, Physical Capital: A tangible tool, machine, building or o...

Physical Capital: A tangible tool, machine, building or other productive asset that is used to produce other goods or services. Pollution: Many economic activities involve disch

2nd year chapter 3, why s-block elements are powerful reducing agent?

why s-block elements are powerful reducing agent?

Cost, #question.theories of cost

#question.theories of cost

Demand curve, Suppose D1 represents the demand curve for paperback novels, ...

Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline,S1 represents the supply curve for paperback novels and S2 represents the s

Calculate the mc function and fixed cost, (i). A firm's costs are 500 when ...

(i). A firm's costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6. (ii). The following are est

Theory of multiplier, income generation in a static and dynamic setting

income generation in a static and dynamic setting

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