Quotas and Voice - Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498331130
Total Pages : 55 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quotas and Voice - Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quotas and Voice - Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2005-02-09 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the progress made in quota discussions to date, and examines options for adjustments in quotas or voting power outside of a general quota increase. Section II reviews the status of recent quota discussions, while Section III presents the results of updating the data through 2003. Section IV discusses the options for addressing the distribution of quotas and voting power outside of a general increase in quotas. Section V concludes and poses some issues for discussion.

Quotas and Voice - Further Thoughts on Approaches to Reform

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498332552
Total Pages : 23 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quotas and Voice - Further Thoughts on Approaches to Reform by : Inter-Secretariat Working Group on National Accounts

Download or read book Quotas and Voice - Further Thoughts on Approaches to Reform written by Inter-Secretariat Working Group on National Accounts and published by International Monetary Fund. This book was released on 2006-06-23 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is now widespread recognition that addressing quota and voice imbalances across the membership is essential for preserving the effectiveness of the Fund and its credibility as a cooperative institution. As noted in the Managing Director’s Report on Implementing the Medium-Term Strategy,2 members’ quotas have become increasingly out of line with countries’ economic weight in the global economy. In addition, the declining role of basic votes since the Fund was established has weakened the voice of smaller developing countries.

Quotas and Voice - A Possible Package of Reforms

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Publisher : International Monetary Fund
ISBN 13 : 1498332374
Total Pages : 25 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quotas and Voice - A Possible Package of Reforms by : Inter-Secretariat Working Group on National Accounts

Download or read book Quotas and Voice - A Possible Package of Reforms written by Inter-Secretariat Working Group on National Accounts and published by International Monetary Fund. This book was released on 2006-04-08 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: On July 5, the Executive Board had an informal discussion of reforms of quotas and voice as part of the process of formulating reform proposals for the Annual Meetings in Singapore. That discussion confirmed the importance attached by the membership to reaching agreement on a package of quota and voice reforms in Singapore for the Fund’s continued credibility and effectiveness. The discussion also revealed broad support for a reform package along the lines suggested in the staff paper. The support for quota and voice reform across a broad spectrum of the membership indicates that these reforms are not seen as a zero sum game, but rather as change that will strengthen the Fund and from which all members will benefit.

Further Thoughts on a New Quota Formula, and Statistical Appendices I and II

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Publisher : International Monetary Fund
ISBN 13 : 149833198X
Total Pages : 69 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Further Thoughts on a New Quota Formula, and Statistical Appendices I and II by : Inter-Secretariat Working Group on National Accounts

Download or read book Further Thoughts on a New Quota Formula, and Statistical Appendices I and II written by Inter-Secretariat Working Group on National Accounts and published by International Monetary Fund. This book was released on 2006-11-22 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Board of Governors in a Resolution adopted on September 18 requested that the Executive Board reach agreement on a new quota formula, starting discussions soon after the Annual Meetings in Singapore. According to the Resolution, this work should be completed by the Annual Meetings in 2007, and no later than the IMFC Meeting in the Spring of 2008. The Resolution states that the new formula should provide a simpler and more transparent means of capturing members’ relative positions in the world economy. This new formula would provide the basis for a second round of ad hoc quota increases, as part of the program of quota and voice reform to be completed by the Annual Meetings in 2007, and no later than by the Annual Meetings of 2008. This paper explores key issues related to a new quota formula as background for an informal Board seminar. This seminar is the first opportunity for the Board to discuss the new formula since the adoption of the Resolution. The paper first reviews the broad considerations and principles that should guide the design of a new quota formula, taking as a starting point the roles of quotas in the Fund. The paper also considers more specific issues in that light, such as the selection of variables and possible functional forms for the new formula. In examining these issues, the paper draws on the extensive discussion of the quota formulas in recent years, taking up questions raised both within the Board and in other fora.

Quota and Voice Reform

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (132 download)

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Book Synopsis Quota and Voice Reform by :

Download or read book Quota and Voice Reform written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fifteenth General Review of Quotas—Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1513571281
Total Pages : 93 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Fifteenth General Review of Quotas—Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Fifteenth General Review of Quotas—Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-03-05 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper revisits the two-pillar framework for assessing the adequacy of Fund resources. Responding to Directors suggestions, the quantitative pillar is updated to include alternative assumptions and to provide a longer-term perspective on likely resource needs. While quantitative estimates are generally somewhat lower after factoring in the alternative assumptions, these reductions are more than outweighed when the analysis is extended through the middle of the next decade, recognizing that the outcome of the 15th Review will likely determine permanent Fund resources through at least the middle of the next decade. The updated qualitative pillar analysis highlights reforms since the global financial crisis and discusses uncertainties in the global environment. It also provides an assessment of the general impact of the various qualitative considerations. Taken together, the two pillars continue to make a case for at least maintaining existing Fund resources. Against this background, the simulations in the paper cover three illustrative sizes for quota increases (50, 75, and 100 percent), centered on broadly maintaining Fund resources, assuming the New Arrangements to Borrow (NAB) is maintained at its current level and Bilateral Borrowing Agreements (BBAs) expire.

A New Quota Formula - Additional Considerations, Statistical Appendix, and Statement by the Managing Director

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Publisher : International Monetary Fund
ISBN 13 : 1498333702
Total Pages : 85 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis A New Quota Formula - Additional Considerations, Statistical Appendix, and Statement by the Managing Director by : Inter-Secretariat Working Group on National Accounts

Download or read book A New Quota Formula - Additional Considerations, Statistical Appendix, and Statement by the Managing Director written by Inter-Secretariat Working Group on National Accounts and published by International Monetary Fund. This book was released on 2007-03-14 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: An informal Executive Board seminar in December 2006 made an important start in the development of a new quota formula.2 The discussion was wide ranging, raising a number of important issues that need to be considered further in the development of a formula that can achieve the objectives of the quota reform and command the required broad support within the membership. This paper seeks to provide a basis for a second discussion, including by exploring issues raised at the December meeting. The paper also provides further simulations based on a wider range of assumptions regarding possible variables and their weights, as requested by many Directors. As with the last paper, it should be emphasized that this paper does not seek to propose any particular formula and that all the simulations presented should be seen as illustrative and as merely an aid to discussion. Nevertheless, it is hoped that the discussion of this paper will help lay the groundwork for beginning to narrow options and moving toward formulation of a specific proposal in the coming months. The paper does not address the size of the second round ad hoc quota increases. This question, which is closely linked to the magnitude of the increase in basic votes, will be taken up at a later stage once the discussion of the formula is more advanced.

Quota Formula Review - Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498339646
Total Pages : 33 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula Review - Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quota Formula Review - Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-08-11 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Executive Board has held three formal meetings on the quota formula review, and discussions have also taken place in other fora including the IMFC Deputies work stream and the G-20 IFA Working Group. Considerable progress has been made in terms of identifying areas of common ground as well as those areas where views differ. At their most recent meeting in late September, Directors reaffirmed their commitment to completing the review by January 2013, and stressed that achieving this goal will require constructive engagement and a spirit of flexibility and compromise from all sides. At its subsequent meeting in Tokyo, the IMFC called on the membership to develop the consensus needed through further engagement of the Executive Board, with input from the IMFC Deputies, to complete the review by January 2013.

Quota Formula Review - Data Update and Further Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498340334
Total Pages : 38 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula Review - Data Update and Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quota Formula Review - Data Update and Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-06-28 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2012, the Executive Board held its first formal discussion on the comprehensive review of the quota formula. This review, to be completed by January 2013, is an important part of the quota and governance reforms agreed in 2010. Directors stressed the importance of agreeing on a quota formula that better reflects members’ relative positions in the global economy for future discussions on the 15th General Review of Quotas. This view was reiterated in April by the IMFC, which looked forward to an agreement by January 2013: "...on a simple and transparent quota formula that better reflects members’ relative positions in the world economy." The IMFC also reaffirmed its commitment to complete the 15th quota review by January 2014. It noted that any realignment is expected to result in increases in the quota shares of dynamic economies in line with their relative positions in the world economy, and hence likely in the share of EMDCs as a whole; and that steps shall be taken to protect the voice and representation of the poorest members. The Board held an informal follow-up meeting on June 13, 2012.

Quota and Voice Reform - Elements of a Possible Approach, Statistical Appendices I and II, Request for Additional Simulations, Statement by the Managing Director, and Summing Up of the Board Meeting

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498333338
Total Pages : 111 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota and Voice Reform - Elements of a Possible Approach, Statistical Appendices I and II, Request for Additional Simulations, Statement by the Managing Director, and Summing Up of the Board Meeting by : International Monetary Fund

Download or read book Quota and Voice Reform - Elements of a Possible Approach, Statistical Appendices I and II, Request for Additional Simulations, Statement by the Managing Director, and Summing Up of the Board Meeting written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-09-14 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Quota Formula - Data Update and Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498341438
Total Pages : 40 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula - Data Update and Further Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quota Formula - Data Update and Further Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2013-07-23 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF staff has updated individual member country data for the variables used in the quota formula for the period 1999-2011; the tables also include the comparable value of each variable for the previous quota dataset, which was based on data covering the period 1998-2010. The information is presented in millions of SDRs (Table A1) and in percent of their respective global totals (Tables A2 and A3). A table showing calculated quota shares based on the quota formula is also included (Table A4). The current quota formula includes a GDP variable, which is a blend of GDP at market rates and GDP at purchasing power parity (PPP), openness, variability, and international reserves (see Box 1 in Reform of Quota and Voice in the International Monetary Fund-Draft Report of the Executive Board to the Board of Governors). Data sources and a description of the quota variables are discussed in Quota Formula – Data Update and Further Considerations - Statistical Appendix; IMF Policy Paper; June 2013. Download Quota Data: Updated IMF Quota Formula Variables - July 2013

Quota and Voice Reform - Stocktaking and Further Considerations, Statistical Appendices I and II, Statement by the Managing Director, and Summing Up of the Board Meeting

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Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781498333443
Total Pages : 121 pages
Book Rating : 4.3/5 (334 download)

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Book Synopsis Quota and Voice Reform - Stocktaking and Further Considerations, Statistical Appendices I and II, Statement by the Managing Director, and Summing Up of the Board Meeting by :

Download or read book Quota and Voice Reform - Stocktaking and Further Considerations, Statistical Appendices I and II, Statement by the Managing Director, and Summing Up of the Board Meeting written by and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-11-07 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: At its Spring Meeting, the IMFC reiterated the importance of implementing the program of quota and voice reforms in line with the timetable set out by the Board of Governors in Singapore. The Committee welcomed the initial informal Board discussions on a new quota formula and stressed the importance of agreeing on a new formula, which should be simple and transparent and should capture members’ relative positions in the world economy. It noted that this reform would result in higher shares for dynamic economies, many of which are emerging market economies, whose weight and role in the global economy have increased. The Committee also stressed the importance of enhancing the voice and participation of low-income countries, a key issue for which is an increase in basic votes, at a minimum preserving the voting share of low-income countries. The Committee called on the Executive Board to continue its work on the reform package as a matter of priority.

Fourteenth General Review of Quotas - Realigning Quota Shares - Further Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498337244
Total Pages : 163 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fourteenth General Review of Quotas - Realigning Quota Shares - Further Considerations by : International Monetary Fund

Download or read book Fourteenth General Review of Quotas - Realigning Quota Shares - Further Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-10-08 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the multilateral effort to ensure the adequacy of the financial resources available to the International Monetary Fund (the “Fund”), and with a view to supporting the Fund’s ability to provide timely and effective balance of payments assistance to its members, the Bank of Slovenia agrees to lend to the Fund an SDR-denominated amount up to the equivalent of EUR 280 million, on the terms and conditions set out in this paper.

Quota Formula Review - Additional Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498339905
Total Pages : 25 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quota Formula Review - Additional Considerations by : International Monetary Fund. Finance Dept.

Download or read book Quota Formula Review - Additional Considerations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2012-04-09 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: In July, the Executive Board held its second formal discussion on the quota formula review. Directors agreed on the principles that should guide the review and the importance of meeting the January 2013 deadline, and there were indications of an emerging consensus in a few areas. However, views continued to diverge on several other key issues, and Directors stressed that completing the review will require a spirit of flexibility and compromise on all sides. This paper seeks to provide a basis for the next discussion, taking account of the views expressed in July. It begins by taking stock of the discussions to date. Based on this stock take, it seeks to highlight areas where a relatively broad consensus appears to be emerging. The paper also discusses possible options for addressing concerns raised about the openness variable and provides a range of simulations that seek to illustrate the effects of potential reforms to the formula. The simulations focus on those issues that have garnered the most attention in the discussions to date.

Statement by the Managing Director on the Interim Work Program of the Executive Board

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Publisher : International Monetary Fund
ISBN 13 : 1498333079
Total Pages : 15 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Statement by the Managing Director on the Interim Work Program of the Executive Board by : International Monetary Fund

Download or read book Statement by the Managing Director on the Interim Work Program of the Executive Board written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-12-14 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interim work program statement reflects the imperative of accelerating the process of reform that has been underway in the Fund for some time.

Quotas - Updated Calculations

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Publisher : International Monetary Fund
ISBN 13 : 1498332390
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Quotas - Updated Calculations by : International Monetary Fund. Finance Dept.

Download or read book Quotas - Updated Calculations written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2006-04-08 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to present the results of updating the data set used for quota calculations through 2004. This updated data set will provide the basis for discussions on possible adjustments in the distribution of quotas in the period leading up to the Annual Meetings. The paper describes the methodologies used to update the data set and discusses the impact of the data update on the distribution of calculated quotas among major country groups. More detailed information on the methodology used and results of the updated quota calculations are presented in the appendices.

Fifteenth General Review of Quotas— Additional Considerations and Data Update

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513571311
Total Pages : 177 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Fifteenth General Review of Quotas— Additional Considerations and Data Update by : International Monetary Fund. Finance Dept.

Download or read book Fifteenth General Review of Quotas— Additional Considerations and Data Update written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2021-03-05 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides background for a further round of discussions on the Fifteenth General Review of Quotas (hereafter 15th Review). The paper builds on work presented in previous staff papers and Directors’ views expressed in three meetings of the Committee of the Whole in September 2017 and February 2018. No proposals are presented at this stage, pending further Board guidance on possible approaches to narrowing the current differences of views.