Türkiye’s IMF quota raised, becomes 20th biggest

Dokuz Sutun - Türkiye has become the 20th largest economy in the International Monetary Fund (IMF) after the IMF Executive Board approved the administrative reform proposal after a day of discussion.

The reform calls for increased quotas for emerging countries, including Türkiye. Türkiye’s quota has risen from 0.658 percent to 0.977 percent, making Türkiye the 20th largest economy in the IMF. The country’s voting power in the organization has also risen to 0.953 percent, upping Türkiye’s quota to nearly 1 percent from the level of 0.6 percent in 2008.

Following the reform, the 20 largest economies in the IMF were ranked as follows: the USA, Japan, China, Germany, France, the UK, Italy, India, Russia, Brazil, Canada, Saudi Arabia, Spain, Mexico, the Netherlands, South Korea, Australia, Belgium, Switzerland and Türkiye.