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The preparation of the Spring IMF Meeting

Ministers prepared the EU’s position on the Spring IMF Meeting. They agreed to support the resolution of the IMF’s Executive Board on quotas and voice reform that will achieve a significant shift in the representation of dynamic economies, many of which are emerging market countries, and give poorer countries a greater say in running the multilateral institution. The EU is optimistic that a successful outcome can be delivered. EU Members are fully committed to reach an outcome that enhances the legitimacy of the IMF by ensuring a fair and adequate representation for all members.  

The ministers and governors also underscored the need to establish an integrated budgetary framework for the IMF, with a new income model based on different sources of income. They also supported the budget reductions envisaged by the IMF and steps to decrease costs.


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Date: 05.04.2008