International Monetary Fund (IMF) Quota Reform

Singapore, 19 September 2006...IMF members have adopted a Resolution on Quota and Voice Reform in the IMF.
 
2. Singapore supports this Resolution. In particular, Singapore agrees with the need to align the IMF's quota shares with members' relative positions in the world economy, while enhancing the participation and voice of low-income countries in the IMF.
 
3. Singapore looks forward to working with the IMF and the IMF's member countries on a new quota formula that would provide a simpler and more transparent means of capturing members' relative positions in the world economy.