The International Monetary Fund (IMF) increased the amount of quota contributed by member countries in proportion to their existing quotas by 50% to 960 billion dollars. This was reported based on a statement from the IMF press service. TASS.
The document states that the Board of Governors, the fund’s highest decision-making body, approved an increase in the quotas of IMF member countries by 320 billion dollars.
IMF Managing Director Kristalina Georgieva said this would reduce the fund’s dependence on borrowed funds and restore the primary role of quotas in lending capacity. He expressed his hope that IMF member countries will implement this agreement on time.
If the countries participating in the fund agree to increase quotas, the decision will come into force on November 15, 2024. In many countries, amendments to national legislation will be required for approval.
Previously Russian Foreign Minister Sergei Lavrov statedThat the World Bank and the International Monetary Fund prioritized Ukraine to the detriment of other countries.
Formerly Central Bank of the Russian Federation raised key rate up to 16%.