Last but not least, the internal governance structure of the International Monetary Fund is currently under review. One aim of the reform efforts is to ensure a fair and adequate voice for all members of the IMF by aligning the distribution of quotas with countries’ relative positions in the world economy.
I would like to provide the Committee with an update on each of these elements of the package. First, the Term Funding Facility. A total of $ billion was drawn down by financial institutions under this facility before the deadline for final drawings of 30 June.