IFI governance


New aspects of IMF voting inequity

28 January 2003

A new study reveals complex aspects of the undemocratic nature of the IMF. The use of weighted voting gives the USA even more power than its contribution would entitle it to. For example, the US with 17.55 per cent of the votes has 8.86 times more weight than India, with 1.98 per cent of the votes. But the voting power of the US – how frequently it could decide an issue if a vote were taken – is found to be 14.11 times that of India.

Voting Power in the Governance of the IMF, Dennis Leech, Warwick University, July 2002