BRICs Said to Seek End to U.S., Western Europe Monopoly of World Bank, IMF
By - Apr 13, 2011
Five of the largest emerging nations will push the U.S. and Europe to end their 65-year monopoly on leadership positions at the World Bank and International Monetary Fund, according to two diplomats who helped negotiate a statement by the countries.
The management structure of the institutions needs to reflect changes in the world economy, the draft statement byBrazil, Russia, India, China and South Africa says, according to the diplomats, who asked not to be identified because the final text isn’t public. The section calls for a bigger role for developing countries in global institutions, a reference to concerns with how leaders are chosen at the World Bank and IMF.
“We will insist on the fact that governance at the IMF and the World Bank cannot be a systematic rotation between the U.S. and Europe, with the other countries excluded,” Brazilian President Dilma Rousseff told reporters in Beijing April 12.“There is no reason for that.”
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Veija aqui abaixo a distribuição atual das Quotas no FMI
Five of the largest emerging nations will push the U.S. and Europe to end their 65-year monopoly on leadership positions at the World Bank and International Monetary Fund, according to two diplomats who helped negotiate a statement by the countries.
The management structure of the institutions needs to reflect changes in the world economy, the draft statement byBrazil, Russia, India, China and South Africa says, according to the diplomats, who asked not to be identified because the final text isn’t public. The section calls for a bigger role for developing countries in global institutions, a reference to concerns with how leaders are chosen at the World Bank and IMF.
“We will insist on the fact that governance at the IMF and the World Bank cannot be a systematic rotation between the U.S. and Europe, with the other countries excluded,” Brazilian President Dilma Rousseff told reporters in Beijing April 12.“There is no reason for that.”
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Veija aqui abaixo a distribuição atual das Quotas no FMI
| IMF member country | Quota: millions of SDRs | Quota: percentage of total |
| 37,149.3 | 15.82 | |
| 13,312.8 | 6.12 | |
| 13,008.2 | 5.98 | |
| 10,738.5 | 4.94 | |
| 10,738.5 | 4.94 | |
| 8,090.1 | 4.42 | |
| 7,055.5 | 3.24 | |
| 6,985.5 | 3.21 | |
| 6,369.2 | 2.93 | |
| 5,945.4 | 2.73 | |
| 5,162.4 | 2.37 | |
| 4,605.2 | 2.12 | |
| 4,158.2 | 2.91 | |
| 3,458.5 | 1.59 | |
| 3,236.4 | 1.49 | |
| 3,152.8 | 1.45 | |
| 3,048.9 | 1.40 | |
| 3,036.1 | 1.40 | |
| 2,927.3 | 1.35 | |
| 2,659.1 | 1.22 | |
| remaining 166 countries | 62,593.8 | 28.79 |
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