From The Rio Times · Samuel Ncube · · 1m 30s
Ethiopia Gains IMF Voice in Quota Reform
Ethiopia may get a bigger voice in IMF reforms after years of slow growth.
In brief
Ethiopia may get a bigger voice in IMF reforms after years of slow growth. Ethiopia could gain a larger share in the IMF's quota system to reflect its economic growth. Originally reported by The Rio Times.
Ethiopia's Quota Lags Growth
Ethiopia's IMF quota stands at SDR 300.7 million (roughly US$400 million), a figure set long before its economy grew.
IMF Explores Quota Reform
The IMF is exploring a reform of its quota system that could give Ethiopia a bigger share and louder voice in the Fund.
G-24 Demands Protection
The G-24 group of developing countries asks to protect the quota of the smallest and poorest members.
Ethiopia's Loan Programme
Ethiopia's four-year IMF programme is worth SDR 2.556 billion (about US$3.4 billion), or 850% of its quota.
Next Review Timeline
Talks on the next loan review are expected in November 2026, with a Board decision in early 2027.
G-24 Split on Size
Iyabo Masha, who heads the G-24 Secretariat, said the group is calling for protection of the smallest and poorest members, but three or four G-24 members rank among the world's ten largest economies.
US Interest in Reform
For US readers, the debate decides how much weight fast-growing African economies get in an institution the United States leads as its biggest shareholder.
Ethiopia's Growth Impact
Zeine Zeidane, who has led the IMF's African Department since April, said Ethiopia has been growing fast for two decades and would likely benefit from a new formula.
The short version
Ethiopia could gain a larger share in the IMF's quota system to reflect its economic growth.
