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Middle East and Central Asia > Saudi Arabia

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Cover Policy Papers
IMF Quota and Governance Reform - Elements of an Agreement
International Monetary Fund
This paper sets out, and seeks to make operational, a core package for the consideration of the Executive Board and, subsequently, the Board of Governors. The reforms would lead to a major overhaul of the Fund’s quotas and governance, strengthening the Fund’s legitimacy and effectiveness. The paper proposes completion of the 14th General Review of Quotas with a doubling of quotas and a major realignment of quota shares among members. It also covers proposals that would lead to a more representative, all-elected Executive Board.
Keywords:
PP; board of governors; quota share; share; vote; fund; section IV; blend share; share of EMDCs; GDP blend share; quota shares to EMDCs; IMF quota; General quota Review; multi-country constituency; quota share shift; country basis; decreases in quota share; Emerging and frontier financial markets; Purchasing power parity; Legal support in revenue administration; Capital income; Exchange rates; Global; Middle East; Western Hemisphere; Africa; Sub-Saharan Africa