Question

Who has 16.52 percent voting right in I.M.F. (International Monetary Fund) ?

• A. U.S.A.
• B. China
• C. India
• D. Russia

Hint:

Remember that in major international financial institutions like the IMF and the World Bank, voting power is linked to economic contribution (quota). The United States is the largest shareholder in both, giving it significant influence.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
This question is about the voting power structure within the International Monetary Fund (IMF).
In the IMF, voting rights are not based on 'one country, one vote'. Instead, they are determined by a quota system. A country's quota reflects its relative size and position in the world economy.
Step 2: Detailed Explanation:
A member country's quota determines its financial contribution to the IMF, its access to IMF financing, and its voting power.
The United States has historically been the largest contributor to the IMF and, as a result, holds the largest quota and the highest voting share.
While the exact percentage can fluctuate slightly with quota reviews, the U.S.A.'s voting share is consistently the highest, around 16.5\%. No other country has a voting share close to this figure; for example, Japan and China are next with shares around 6\%.
This significant voting power gives the U.S.A. a de facto veto over major IMF decisions, which require a supermajority (typically 85\%) to pass.
Step 3: Final Answer:
The U.S.A. holds the largest voting share in the IMF, which is approximately 16.52\%.
Therefore, option (A) is correct.