Board of Governors

E78605

The Board of Governors is the International Monetary Fund’s highest decision-making body, composed mainly of finance ministers or central bank governors from each member country.

Aliases (1)

Statements (47)
Predicate Object
instanceOf decision-making body
governing body
organ of the International Monetary Fund
approves changes in IMF capital and quotas
distribution of IMF reserves in certain cases
associatedOrganization World Bank Group
canMeet by special meeting when requested
composedOf representatives of each IMF member country
createdBy Articles of Agreement of the International Monetary Fund
delegatesAuthorityTo Executive Board (IMF)
elects Executive Board (IMF)
establishes IMF policies of fundamental importance
field global economic governance
governs overall direction of the International Monetary Fund
hasAbbreviation IMF Board of Governors
hasAlternate one alternate governor per member country
hasChair Chair of the IMF Board of Governors
hasDecisionRule special majority for key decisions
hasFunction approval of major institutional changes
strategic oversight of IMF operations
hasLegalBasis international treaty law
hasMemberFrom each IMF member country
hasNumberOfMembers one governor per member country
hasRole highest decision-making authority in the International Monetary Fund
jurisdiction IMF member countries
languageUsed official languages of the International Monetary Fund
locationOfMeetings various member countries
meets annually
meetsAt IMF–World Bank Annual Meetings
meetsJointlyWith World Bank Group Boards of Governors
membershipType state representatives
oversees IMF financial structure
IMF governance reforms
partOf International Monetary Fund
reportsTo IMF member countries collectively
responsibleFor admitting new IMF members
allocating Special Drawing Rights
amending the IMF Articles of Agreement
approving quota increases
deciding on compulsory withdrawal of members
determining the size of IMF quotas
sector international finance
typeOfOrganization intergovernmental body
typicalMember central bank governor of a member country
finance minister of a member country
usesVotingSystem weighted voting based on IMF quotas
worksWith World Bank Group Boards of Governors

Referenced by (1)
Subject (surface form when different) Predicate
International Monetary Fund
governingBody

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