The main problem of the governance of the IMF and its negative implication  As we all know, the IMF was established sixty years ago as a global monetary cooperative institution, with the aim to help member countries adjust international balance of payments and stabilize exchange rate movement.
The quota has been set as the key factor to determine voting powers and access to Fund’s resources of member countries. When the Fund was constituted, the quota distribution was decided by the political and economic situation at that time. Due to this reason, the quota share of the U.S. was as high as 36 percent and that of UK 17 percent.