IMF paper considers impact of quota change

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The International Monetary Fund (IMF) has released a policy paper presenting recent changes in the quota shares of its members and exploring potential changes to the formula used to determine them.

Each member country's quota determines its maximum financial commitment to the IMF, and its voting power within the organisation. The US retains the largest quota of 15.6%, according to the latest data.

A country's quota is determined by taking a weighted average of its GDP (50%), global openness (30%

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