Recently the International Monetary Fund has approved the proposal to increase the quota of its Executive Board members by 50 percent.

Recently the International Monetary Fund has approved the proposal to increase the quota of its Executive Board members by 50 percent.

Daily Current Affairs / Recently the International Monetary Fund has approved the proposal to increase the quota of its Executive Board members by 50 percent.

Change Language English Hindi

Category : Business and economics Published on: November 15 2023

Share on facebook

In November 2023, the International Monetary Fund has announced that it will increase the quota of its members by 50 percent.
The quota of members will be increased as per their allotted quota.
Due to this I.M.F. Along with the permanent resources, the method of raising funds through quota will also be strengthened.
Doing this will reduce borrowing and ensure quota as the primary method of raising funds.
I.M.F. IMF Managing Director Kristalina Georgieva said the increase will help make the IMF's resources stronger, quota-based and substantially larger.
It focuses on strengthening the global financial safety net.
Besides this, I.M.F. Will be able to have adequate resources.
This proposal will now be voted on by the Board of Governors.
At present India's I.M.F. The stake in is 2.75%.
India IMF Is the eighth largest quota holder of.

Recent Post's

Union Home Minister Shri Amit Shah will launch the BHARATPOL portal developed by CBI on January 07, 2025, in New Delhi.
Read More....
India's rising squash star Anahat Singh won the U-17 title at the British Junior Open in Birmingham on 06 January 2025 by defeating Malika El Caracsi of Egypt.
Read More....
Union Minister Giriraj Singh inaugurates the new permanent campus of IIHT in Phulia.
Read More....
The central government has appointed 8 IPS officers from the Uttarakhand cadre to key positions for 2024-25, including Neeru Garg as the Director General of the Bureau of Police Research and Development (BPR&D).
Read More....
Odisha Chief Minister Mohan Charan Majhi inaugurated the annual 'Adivasi Mela' and launched the 'Shaheed Madho Singh Haath Kharcha Yojana' aimed at addressing the problem of dropouts of tribal students.
Read More....
At the 2025 Golden Globe Awards, films and shows like 'Emilia Pérez,' 'The Brutalist,' 'Shogun,' 'Hack,' and 'Baby Reindeer' won major awards in categories such as Best Motion Picture - Drama, Best Director, and Best Actor.
Read More....
Justin Trudeau has announced his resignation as the Prime Minister of Canada.
Read More....
Sumariwalla's reign as AFI chief to end, former shot putter Bahadur Sagoo to replace him.
Read More....
Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1 for special steel.
Read More....
R. Chidambaram, the doyen of India’s nuclear programme, passes away at the age of 88.
Read More....