1、 https:/crsreports.congress.gov Updated December 17, 2015IMF Quota and Governance ReformsOverview The International Monetary Fund (IMF, the Fund) is a multilateral organization focused on the global monetary system. In December 2010, the United States and the other IMF member countries agreed to a r
2、eform package. It addresses two major concerns about the institution: (1) the representation of emerging and developing economies at the IMF does not reflect their contribution to the global economy; and (2) the size of the IMFs financial resources has not kept pace with increased economic activity
3、in the global economy. The reform package would double the IMFs capital base and update its governance structure. Specifically, it would increase IMF member contributions (known as quota) and voting power of developing and emerging market economies; reduce the total voting power of European countrie
4、s; and reduce Europes representation on the IMFs Executive Board, its main governing body. As introduced in December 2015, the FY2016 Omnibus bill includes language that would authorize and appropriate an increase in the U.S. quota at the IMF, as well as authorize the executive branch to vote in fav
