The largest borrowers of IMF: Argentina, Egypt, Ukraine, Pakistan

IMF - Voting Power
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The International Monetary Fund, or IMF, promotes international financial stability and monetary cooperation. It also facilitates international trade, promotes employment and sustainable economic growth, and helps to reduce global poverty. The IMF is governed by and accountable to its 190 member countries.
Seven members hold 44 %  voting Power. These member are deciding & will keep on deciding Pakistan’s Financial fate because of weak economy and political instability,

Know Your Money Masters -While Russia has 2.59% of the total votes at the IMF, the US has 16.40%. The UK has 4.03% and Germany 5.31%. China has 6.08%.


IMF Facts at Glance

  • Headquarters: Washington, D.C.
  • Executive Board: 24 Directors each representing a single country or groups of countries
  • Staff: Approximately 2,700 from 150 countries
  • Total quotas: SDR 477 billion (US$687 billion) 
  • Borrowed resources envelope: SDR 492 billion (US$708 billion) 
  • Committed amounts under lending arrangements: SDR 200 billion (US$288 billion), of which SDR 94 billion (US$136 billion) has not been drawn.
  • The largest borrowers: Argentina, Egypt, Ukraine, Pakistan
  • The largest precautionary loans: Mexico, Chile, Colombia
  • Capacity development spending: US$303 million in FY2020, nearly a third of the  IMF’s total budget    
  • Primary aims:
    • Promote international monetary cooperation;
    • Facilitate the expansion and balanced growth of international trade;
    • Promote exchange stability;
    • Assist in the establishment of a multilateral system of payments; and
    • Make resources available (with adequate safeguards) to members experiencing balance-of-payments difficulties

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