Article

Eleventh Review of Quotas: IMF Financial Resources to Rise to $297 Billion As Members Consent to Quota Increase IMF Quota Increase

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
January 1999
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On January 22, the IMF determined that members having more than 85 percent of the total of IMF quotas have consented to increases in their quotas under the Eleventh General Review of Quotas. This meets the participation requirement for the quota increase to enter into effect.

Total IMF Quotas

(billion SDRs)

Note: Years are those of adoption of quota resolution by IMF Board of Governors.

Data: IMF Pamphlet No. 45, Financial Organization and Operations of the IMF, 1998

For individual quota increases to become effective, each member that has already consented must pay the increase to the IMF within 30 days from January 22. Members that consent later than January 22 must pay the increase within 30 days after the date on which the IMF is notified of their consent. Members have until July 30, 1999, to consent to their individual increases. Under the Eleventh Review, the quotas of the IMF membership as a whole will increase from SDR 145.6 billion (about $204 billion) to SDR 212.0 billion (about $297 billion). [These figures include the Federal Republic of Yugoslavia (Serbia/Montenegro), which is not a member at present but which may succeed to the membership of the former Socialist Federal Republic of Yugoslavia.] The IMF’s usable resources are expected to rise by about SDR 45 billion (about $63 billion).

A list of members’ current and proposed quotas appears below.

IMF Members’ Quotas1
Ninth Review QuotasEleventh Review QuotasNinth Review QuotasEleventh Review Quotas
Amount

(million SDRs)
Share

(percent)
Amount

(million SDRs)
Share

(percent)
Amount

(million SDRs)
Share

(percent)
Amount

(million SDRs)
Share

(percent)
United States26,526.818.21237,149.317.521Singapore357.60.246862.50.407
Japan8,241.55.65813,312.86.279Chile621.70.427856.10.404
Germany8,241.55.65813,008.26.135Ireland525.00.360838.40.396
France7,414.65.09010,738.55.065Greece587.60.403823.00.388
United Kingdom7,414.65.09010,738.55.065Czech Republic589.60.405819.30.387
Italy4,590.73.1527,055.53.328Colombia561.30.385774.00.365
Saudi Arabia5,130.63.5226,985.53.295Bulgaria464.90.319640.20.302
Canada4,320.32.9666,369.23.004Peru466.10.320638.40.301
Russia4,313.12.9615,945.42.804United Arab Emirates392.10.269611.70.289
Netherlands3,444.22.3655,162.42.435Morocco427.70.294588.20.278
China3,385.22.3244,687.22.211Bangladesh392.50.269533.30.252
Belgium3,102.32.1304,605.22.172Congo, Dem. Rep. of291.00.200533.00.251
India3,055.52.0984,158.21.961Zambia363.50.250489.10.231
Switzerland2,470.41.6963,458.51.631Sri Lanka303.60.208413.40.195
Australia2,333.21.6023,236.41.526Belarus280.40.193386.40.182
Spain1,935.41.3293,048.91.438Ghana274.00.188369.00.174
Brazil2,170.81.4903,036.11.432Kazakhstan247.50.170365.70.173
Venezuela1,951.31.3402,659.11.255Croatia261.60.180365.10.172
Mexico1,753.31.2042,585.81.220Slovak Republic257.40.177357.50.169
Sweden1,614.01.1082,395.51.130Zimbabwe261.30.179353.40.167
Argentina1,537.11.0552,117.10.999Trinidad and Tobago246.80.169335.60.158
Indonesia1,497.61.0282,079.30.981Vietnam241.60.166329.10.155
Austria1,188.30.8161,872.30.883Côte d’Ivoire238.20.164325.20.153
South Africa1,365.40.9371,868.50.882Sudan169.70.117315.10.149
Nigeria1,281.60.8801,753.20.827Uruguay225.30.155306.50.145
Norway1,104.60.7581,671.70.789Ecuador219.20.150302.30.143
Denmark1,069.90.7351,642.80.775Syrian Arab Republic209.90.144293.60.139
Korea799.60.5491,633.60.771Tunisia206.00.141286.50.135
Iran, Islamic Rep. of1,078.50.7401,497.20.706Angola207.30.142286.30.135
Malaysia832.70.5721,486.60.701Luxembourg135.50.093279.10.132
Kuwait995.20.6831,381.10.652Uzbekistan199.50.137275.60.130
Ukraine997.30.6851,372.00.647Jamaica200.90.138273.50.129
Poland988.50.6791,369.00.646Kenya199.40.137271.40.128
Finland861.80.5921,263.80.596Qatar190.50.131263.80.124
Algeria914.40.6281,254.70.592Myanmar184.90.127258.40.122
Iraq504.00.3461,188.40.561Yemen, Republic of176.50.121243.50.115
Libya817.60.5611,123.70.530Slovenia150.50.103231.70.109
Thailand573.90.3941,081.90.510Dominican Republic158.80.109218.90.103
Hungary754.80.5181,038.40.490Brunei Darussalam150.00.103215.20.102
Pakistan758.20.5211,033.70.488Guatemala153.80.106210.20.099
Romania754.10.5181,030.20.486Panama149.60.103206.60.097
Turkey642.00.441964.00.455Lebanon146.00.100203.00.096
Egypt678.40.466943.70.445Tanzania146.90.101198.90.094
Israel666.20.457928.20.438Oman119.40.082194.00.092
New Zealand650.10.446894.60.422Cameroon135.10.093185.70.088
Philippines633.40.435879.90.415Uganda133.90.092180.50.085
Portugal557.60.383867.40.409Bolivia126.20.087171.50.081
El Salvador125.60.086171.30.081Barbados48.90.03467.50.032
Jordan121.70.084170.50.080Niger48.30.03365.80.031
Bosnia and Herzegovina121.20.083169.10.080Estonia46.50.03265.20.031
Costa Rica119.00.082164.10.077Mauritania47.50.03364.40.030
Afghanistan, Islamic State of120.40.083161.90.076Botswana36.60.02563.00.030
Senegal118.90.082161.80.076Benin45.30.03161.90.029
Azerbaijan117.00.080160.90.076Burkina Faso44.20.03060.20.028
Gabon110.30.076154.30.073Chad41.30.02856.00.026
Georgia111.00.076150.30.071Central African Republic41.20.02855.70.026
Lithuania103.50.071144.20.068Lao P. D. R.39.10.02752.90.025
Cyprus100.00.069139.60.066Mongolia37.10.02551.10.024
Namibia99.60.068136.50.064Swaziland36.50.02550.70.024
Bahrain82.80.057135.00.064Albania35.30.02448.70.023
Ethiopia98.30.067133.70.063Lesotho23.90.01634.90.016
Papua New Guinea95.30.065131.60.062Equatorial Guinea24.30.01732.60.015
Bahamas, The94.90.065130.30.061Gambia, The22.90.01631.10.015
Nicaragua96.10.066130.00.061Belize13.50.00918.80.009
Honduras95.00.065129.50.061San Marino10.00.00717.00.008
Liberia71.30.049129.20.061Vanuatu12.50.00917.00.008
Latvia91.50.063126.80.060Djibouti11.50.00815.90.008
Moldova90.00.062123.20.058Eritrea11.50.00815.90.008
Madagascar90.40.062122.20.058St. Lucia11.00.00815.30.007
Iceland85.30.059117.60.055Guinea-Bissau10.50.00714.20.007
Mozambique84.00.058113.60.054Antigua and Barbuda8.50.00613.50.006
Guinea78.70.054107.10.051Grenada8.50.00611.70.006
Sierra Leone77.20.053103.70.049Samoa8.50.00611.60.005
Malta67.50.046102.00.048Solomon Islands7.50.00510.40.005
Mauritius73.30.050101.60.048Cape Verde7.00.0059.60.005
Paraguay72.10.05099.90.047Comoros6.50.0048.90.004
Mali68.90.04793.30.044St. Kitts and Nevis6.50.0048.90.004
Suriname67.60.04692.10.043Seychelles6.00.0048.80.004
Armenia67.50.04692.00.043St. Vincent and the Grenadines6.00.0048.30.004
Guyana67.20.04690.90.043Dominica6.00.0048.20.004
Kyrgyz Republic64.50.04488.80.042Maldives5.50.0048.20.004
Cambodia65.00.04587.50.041São Tomé and Príncipe5.50.0047.40.003
Tajikistan60.00.04187.00.041Tonga5.00.0036.90.003
Congo, Republic of57.90.04084.60.040Bhutan4.50.0036.30.003
Haiti60.70.04281.90.039Kiribati4.00.0035.60.003
Somalia44.20.03081.70.039Micronesia, Federated States of3.50.0025.10.002
Rwanda59.50.04180.10.038Marshall Islands2.50.0023.50.002
Burundi57.20.03977.00.036Palau, Republic of2.30.0023.10.001
Turkmenistan48.00.03375.20.035Memorandum item:
Togo54.30.03773.40.035Fed. Rep. of Yugoslavia
Nepal52.00.03671.30.034(Serbia/Montenegro)335.40.230467.70.221
Fiji51.10.03570.30.033Total145,656.5100.0212,029.0100.0
Malawi50.90.03569.40.033
Macedonia, FYR49.60.03468.90.033

Countries ranked by Eleventh Review quota.

Countries ranked by Eleventh Review quota.

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