IMF Executive Board approves quota increase to provide vital resources to developing nations ........

Current Affairs (CAPF) International Funding institutions

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IMF Executive Board approves ____________% quota increase to provide vital resources to developing nations.

10%

20%

40%

50%

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Explanation:

The Executive Board of the International Monetary Fund has approved a proposal to increase the quota. The proposal involves a 50 per cent quota increase allocated to members in proportion to their current quotas. Now, the proposal will be considered and voted on by the Board of Governors, after which it will be made effective.