International Monetary Fund (IMF) Quota

International Monetary Fund (IMF) executive board approves 50% quota increase to strengthen resources following the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 annual meetings.

Quotas are the building blocks of the IMF’s financial and governance structure which are denominated in Special Drawing Rights (SDRs), the IMF’s unit of account.
Reflection – An individual member country’s quota broadly reflects its relative position in the world economy.
Usage of IMF Quotas

Currently, India has a quota of special drawing rights (SDR) 13,114.4 million which denotes a share of 2.75%, making it the 8^th largest quota-holding country in the IMF. Based on the quota, India has 132,063 votes, which denotes a share of 2.63%.

Quota revival – The IMF’s board of governors conducts general reviews at least every 5 years.

Any changes in IMF quotas require approval by 85% of the total voting power, and a member’s own quota cannot be changed without its consent.

Significance of quota increase – It would enhance the IMF’s permanent resources and strengthen the quota-based nature of the fund by reducing the reliance on borrowing.

It would safeguard global financial stability and respond to members’ potential needs in an uncertain and shock-prone world.

Source:

Join Our Telegram

Centre-State Disputes-Federal Issue

Working of Electric Battery

India–Azerbaijan

05 Apr, 26
SHARE

A year after tensions arising from Operation Sindoor, India and Azerbaijan have taken steps to restore and normalise bilateral relations. The 6th round of Foreign Office Consultations, held in Baku, marked the first such engagement since 2022, signaling renewed diplomatic momentum. Recent Diplomatic Engagement During the consultations, bo

India–Australia Economic Cooperation and Trade Agreem

04 Apr, 26
SHARE

The India–Australia Economic Cooperation and Trade Agreement has completed four years since its signing. Both countries now aim to build on this progress through strengthened collaboration and ambitious targets, including reaching AUD 100 billion in bilateral trade by 2030. What is the India–Australia Economic Cooperation and Tra

ADR Report on Political Funding

03 Apr, 26
SHARE

A recent report by the Association for Democratic Reforms (ADR) analyses donations of ?20,000 or more declared to the Election Commission of India (ECI) by national political parties for FY 2024–25, highlighting transparency and accountability in political financing. Key Findings Massive Funding Surge Total donations to nationa

Maritime Chokepoints

03 Apr, 26
SHARE

Maritime chokepoints are narrow channels along global shipping routes where maritime traffic is concentrated. These points are geopolitically and economically critical, as they handle a large proportion of global trade, especially energy shipments. Current Relevance Over two-thirds of seaborne energy trade passes through a handful o

US-Israel-Iran War

01 Apr, 26
SHARE

Following the launch of Operation Epic Fury (U.S.) and Operation Roaring Lion (Israel), the geopolitical landscape has shifted fundamentally with the confirmed death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.Iran retaliated through Operation True Promise 4, launching missile attacks against Israel and nearby Gulf states. The escala