All powers of the IMF are vested in the Board of Governors. The Board of Governors may delegate to the Executive Board all except certain reserved powers. The Board of Governors normally meets once a ...

Korea raises outstanding researcher retirement age to 62 for increased benefits Korea revises researcher age policy to boost ...

Currently, Armenia's quota in the IMF stands at 128.8 million Special Drawing Rights (SDR), representing 0.03% of the total IMF quota, granting Armenia 0.05% of the voting power in the IMF Board ...

Africa’s largest oil producer, home to over 200 million people, has witnessed a worsening economic downturn in 10 years, with ...

In its social media post, NBE disclosed that the IMF's financial support to Ethiopia, equivalent to an exceptional 850% of quota, stands as the largest concessional funding in IMF history.

China’s central bank governor has offered to deepen financial ties with emerging economies and help them gain a greater voice ...

China's central bank governor has offered to deepen cooperation with emerging economies on a series of issues and to help them gain a greater voice in global financial governance during a series of ...

Multiple Chinese provincial governments have stressed optimizing fiscal spending, with a focus on improving livelihoods, ...

But these SDRs were distributed according to countries' IMF quotas, which depend heavily on their GDP. Consequently, low- and middle-income economies received just over $200 billion. Even so ...

Loans tend to be larger and more frequent when a country has a bigger quota, more professional staff comes from a country at the IMF and when a country is more connected politically and ...

He also pressed the IMF to expand support for developing nations and accelerate reforms to its quota system to better reflect the structure of the global economy, as some countries currently have ...