What Is the IMF?
The IMF does not print a world currency; its three jobs are watching, advising and lending.
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1.Which is NOT one of the IMF's jobs?
The IMF does not print a world currency; its three jobs are watching, advising and lending.
2.Where does the IMF get money to lend?
Each member pays in a quota, roughly in line with the size of its economy; the quota also decides its votes.
3.Before the 2023 increase of 50 percent to about 716 billion SDRs, what was the total?
716 divided by 1.5 is about 477 billion; the increase was about 239 billion, approved with 92.86 percent of the votes, above the 85 percent needed.
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Sources (5)
- International Monetary Fund: Articles of Agreement
- International Monetary Fund: IMF Quotas (Factsheet)
- International Monetary Fund: IMF Board of Governors Approves Quota Increase Under 16th General Review of Quotas (PR 23/459, December 2023)
- International Monetary Fund: What is the SDR? (Factsheet)
- Eigene Berechnung (synthetisches Rechenbeispiel
Education only. Not financial advice.