Backgrounder: IMF Quota Discussions in Marrakesh Point to Tectonic Change

IMF Managing Director Kristalina Georgieva speaking in Marrakesh earlier this week. Image: Fadel Senna / AFP

This week’s IMF and World Bank meetings in Morocco will discuss fundamental changes to the global financial architecture, including who gets to make decisions in the World Bank and the International Monetary Fund.

IMF officials this week said there is “significant support” for a U.S. proposal to increase quota lending funds in proportion to current shareholding, a move that wouldn’t change the number of votes held by individual member states.

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by Cobus van Staden

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