Question

Write a note on International Monetary Fund.

Answer 1

Explanation:

Tell the member countries of IMF. Mention the voting rights of countries. Write the name of the countries who have the voting rights in IMF.

Answer:

The International Monetary Fund has 188 member countries. All the member countries do not have equal rights to vote. The vote of each country is weighed by the amount of money contributed to this institution. This means that if the contribution is more then the share of vote is more. Nearly 49% of voting power is in the hands of 10 countries. These countries are the United States of America, Japan, Germany, France, UK, China, Italy, Saudi Arabia, Canada and Russia.
Remaining 178 countries have a lesser share of votes and thus have a minor role in taking decisions to the International Monetary Fund.