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

Market failure, causes of market failure and its solutions?

causes of market failure and its solutions?

Microeconomics, INFO: Suppose that a firm is currently employing 20 workers...

INFO: Suppose that a firm is currently employing 20 workers,(the only variable input), at a wage rate of $60. The average product of labor is $30, the last worker added 12 units to

Help to solve a assignment, Consider a market with short run demand and Sup...

Consider a market with short run demand and Supply functions. Qd=4-p^2, Q''s=4p-1.Find the partial market equilibrium, calculate consumer and producer surplus at this equilibrium,

Aaa, Ask quesIn your own words describe how a market would adjust in situat...

Ask quesIn your own words describe how a market would adjust in situations of: a) Excess Demand b) Excess Supply c) Equilibrium As a follow up you might think about what effects

Combined finances of union and states, COMBINED FINANCES OF UNION AND STAT...

COMBINED FINANCES OF UNION AND STATES: Taxes on goods and services are levied in India in various forms and at different levels of Government, Centre, states, and local bodies

Dynamic changes in costs: the learning curve, Dynamic Changes in Costs: The...

Dynamic Changes in Costs: The Learning Curve *  The learning curve measures impact of worker's experience on costs of production. *  It describes relationship between a firm

Rational producer, would a rational producer be concerned with the average ...

would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?

Baumol’s sales revenue maximization theory, Profit maximization is theoreti...

Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales

Supply, Case 1: The market for drugs Supply, demand, and equilibrium: ...

Case 1: The market for drugs Supply, demand, and equilibrium: The market for drugs. Suppose the market for drugs is a perfectly competitive market. Let the supply curve

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