IMF Members' Quotas and Voting Power, and IMF Board of Governors (last updated September 29, 2004)

The Board of Governors, the highest decision-making body of the IMF, consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank. All powers of the IMF are vested in the Board of Governors. The Board of Governors may delegate to the Executive Board all except certain reserved powers. The Board of Governors normally meets once a year.

Member

QUOTA

VOTES

Millions of SDRs

Percent of Total1

Number

Percent of Total1

＜?xml:namespace prefix = st1 /＞United States

37,149.30

17.46

371,743

17.14

Japan

13,312.80

6.26

133,378

6.15

Germany

13,008.20

6.11

130,332

6.01

United Kingdom

10,738.50

5.05

107,635

4.96

France

10,738.50

5.05

107,635

4.96

Italy

7,055.50

3.32

70,805

3.26

Saudi Arabia

6,985.50

3.28

70,105

3.23

Canada

6,369.20

2.99

63,942

2.95

China

6,369.20

2.99

63,942

2.95

Russian Federation

5,945.40

2.79

59,704

2.75

Netherlands

5,162.40

2.43

51,874

2.39

Belgium

4,605.20

2.16

46,302

2.13

India

4,158.20

1.95

41,832

1.93

Switzerland

3,458.50

1.63

34,835

1.61

Austria

3,236.40

1.52

32,614

1.5

Brazil

3,036.10

1.43

30,611

1.41

Spain

3,048.90

1.43

30,739

1.42

Venezuela

2,659.10

1.25

26,841

1.24

Mexico

2,585.80

1.22

26,108

1.2

Sweden

2,395.50

1.13

24,205

1.12