WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday its executive board approved a proposal for a 50% increase in quota resources to be contributed by member countries in proportion to their current IMF shareholdings.
The proposal would largely follow a U.S.-backed plan that would enhance IMF lending resources but delay any IMF shareholding increases for China, India, Brazil and other fast-growing emerging market economies. But the IMF said the board requested an accelerated timetable for developing options to guide realignment of the Fund’s quota formula by June 2025.
(Reporting by David Lawder; Editing by Chris Reese)
