? All BRIC countries will be top 10 IMF shareholders
? More than 6 percent shift in quota share to dynamic emerging market and developing countries
? Voice of poorest countries maintained by preserving their voting shares.
So who pays for the shift?
? The bulk of the shift—about 80 per cent—comes from a reduction in the shares of advanced economies and some oil producers
? 110 countries will gain or maintain quota share, of which 102 are emerging market and developing countries.
Once reforms in place, rebalancing to be mirrored in IMF’s Executive Board
? Advanced European economies will hold two fewer seats
? All Executive Directors will be elected.