{"id":9199,"date":"2016-02-23T12:03:46","date_gmt":"2016-02-23T12:03:46","guid":{"rendered":"https:\/\/www.edristi.in\/?p=9199"},"modified":"2016-02-23T12:03:46","modified_gmt":"2016-02-23T12:03:46","slug":"acceptances-to-the-imf-reforms","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/acceptances-to-the-imf-reforms\/","title":{"rendered":"Acceptances to the IMF reforms"},"content":{"rendered":"<p><strong>Question: How much does the Overall quota has been increased under the 14th General Quota Review which was implemented January 26, 2016?<\/strong><br \/>\n(a) 50%<br \/>\n(b) 75%<br \/>\n(c) 100%<br \/>\n(d) 125%<br \/>\n<strong>Ans (c)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul>\n<li>Under the 14th General Quota Review, 100% increase in the overall quota had been recommended.<\/li>\n<li>As a result, the quotas of each of the IMF\u2019s 188 members will increase to a combined SDR 477 billion (about US$659 billion) from about SDR 238.5 billion (about US$329 billion).<\/li>\n<li>Under this reform there is a shift of more than 6 percent of quota shares from over-represented (Developed) to under-represented (Developing)member countries.<\/li>\n<li>\u00a0Due to this reform there will be fouremerging market and developing countries (EMDCs) (Brazil, China, India, and Russia) among the 10 largest shareholders in the Fund.<\/li>\n<li>\u00a0Under the new proposal, the top 10 quota holder countries (in descending order) are United States of America, Japan, China, Germany, France, UK, Italy, India, Russia and Canada.<\/li>\n<li>\u00a0As part of the reforms, for the first time, the IMF\u2019s Executive Board will consist entirely of elected Executive Directors. Currently the members with the five largest quotas used to appoint an Executive Director.<\/li>\n<li>With the reform in the quota IMF will ensure that the institution is able to better meet the needs of its members in a rapidly changing global environment.<\/li>\n<li>The membership in 188-member IMF is quota based.<\/li>\n<li>\u00a0A member&#8217;s quota determines that country\u2019s financial and organizational relationship with the IMF, including:\u00acSubscriptions,Voting power and Access to financing.<\/li>\n<\/ul>\n<p><strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/www.imf.org\/external\/np\/sec\/pr\/2016\/pr1625a.htm\" target=\"_blank\">https:\/\/www.imf.org\/external\/np\/sec\/pr\/2016\/pr1625a.htm<\/a><br \/>\n<a href=\"http:\/\/www.imf.org\/external\/np\/exr\/facts\/quotas.htm\" target=\"_blank\">http:\/\/www.imf.org\/external\/np\/exr\/facts\/quotas.htm<\/a><br \/>\n<a href=\"https:\/\/www.imf.org\/external\/np\/sec\/misc\/consents.htm\" target=\"_blank\">https:\/\/www.imf.org\/external\/np\/sec\/misc\/consents.htm<\/a><br \/>\n<a href=\"http:\/\/www.thehindu.com\/business\/india-gets-more-voting-rights-in-imf-reforms\/article8163827.ece\" target=\"_blank\">http:\/\/www.thehindu.com\/business\/india-gets-more-voting-rights-in-imf-reforms\/article8163827.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: How much does the Overall quota has been increased under the 14th General Quota Review which was implemented January 26, 2016? (a) 50% (b) 75% (c) 100% (d) 125% Ans (c) Related facts: Under the 14th General Quota Review, 100% increase in the overall quota had been recommended. As a result, the quotas of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":9180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1087],"tags":[],"class_list":["post-9199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intne"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/9199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=9199"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/9199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/9180"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=9199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=9199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=9199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}