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

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.
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