Thursday, May 19, 2011

Membership

The members of the IMF are the 187 members of the UN and Kosovo.
Former members are Cuba (which left in 1964) and the Republic of China (which was expelled in 1980 after the People's Republic of China was admitted).
The other nonmembers are North Korea, Andorra, Monaco, Liechtenstein, Nauru, Cook Islands, Niue, Vatican City, and the rest of the states with limited recognition.
All member states participate directly in the IMF. Member states are represented on a 24-member executive board (five executive directors are appointed by the five members with the largest quotas, nineteen executive directors are elected by the remaining members), and all members appoint a governor to the IMF's board of governors.
All members of the IMF are also IBRD members and vice versa.

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