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Topic: Miscellaneous
Number of pages / Number of words: 5 / 1241
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Similar to the Stock Market, the amount of these quotas determine how many votes, or how much influence it will have in IMF decisions and deliberations. These quotas also establish how much the contributing member can borrow, should they be in a time of need. Hence, if a member has temporary balance of payment difficulties it applies to the fund, and will most likely receive the much-needed currency from the IMF's pool of resources, from which it will have to pay back...


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But the main power goes to the Board of Governors, one from each member, and an equal number of alternate Governors. The IMF has a staff of 2,200, headed by a managing director, who is chairman of the executive board. These staff members are international civil servants and are in charge of carrying out IMF policies...


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