Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What does the share in the IMF mean? Please explain it in a popular way, thank you.
What does the share in the IMF mean? Please explain it in a popular way, thank you.
Quota subscription is the main source of IMF funds. Each member of the International Monetary Fund will be allocated a certain quota according to its relative position in the world economy. The share of member countries determines the maximum amount of their contribution to the IMF and their voting rights, and is related to the amount of loans they can get from the IMF.

Stocks are denominated in Special Drawing Rights (SDR), which is the accounting unit of the International Monetary Fund. The largest member of the IMF is the United States, with a share of 4.21billion SDR (about 64 billion US dollars), and the smallest member is Tuvalu, with a share of10.8 billion SDR (about 2.7 million US dollars).

Extended data

After years of delay, the IMF's 2010 share and governance reform plan was finally passed by the US Congress at the end of 20 15, which ushered in the dawn of effectiveness. According to the plan, the IMF's share will be doubled, and about 6% of the share will be transferred to dynamic emerging markets and underrepresented developing countries. As a result, China has become the third largest member of the IMF, and India, Russia and Brazil have all entered the top ten.

20 16 161On October 27th, the International Monetary Fund (IMF) announced that its IMF 20 10 share and governance reform plan came into effect, which meant that China officially became the third largest shareholder of the IMF. China's share will rise from 3.996% to 6.394%, ranking third after the United States and Japan.