IMF executive says increasing likelihood of interim quota deal

Send a link to a friend  Share

[September 04, 2015] LONDON (Reuters) - There is an increasing likelihood that the International Monetary Fund (IMF) will do an interim deal on changes to its quota system, one of its top executives said on Friday.

Rakesh Mohan told Reuters: "There's more and more likelihood that something like that will happen." He added that one of the options could be small increases in the shares of countries like China and India.

That would also probably result in the U.S quota share falling from its current 17.7 percent, although there is a limit of 15 percent that it cannot fall below.

Each member country of the IMF is assigned a quota based on its relative position in the world economy. This determines its maximum financial commitment to the IMF and its voting power.

(Reporting by Marc Jones, writing by Claire Milhench, editing by Nigel Stehenson)

[© 2015 Thomson Reuters. All rights reserved.]

Copyright 2015 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Back to top