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International Monetary Fund

Volume 174: debated on Monday 18 June 1990

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To ask the Chancellor of the Exchequer if he will make a statement on the recent quota increase for the International Monetary Fund.

The interim committee of the board of governors of the International Monetary Fund met in Washington DC on 7 to 8 May and agreed that the present total of fund quotas should be increased by 50 per cent. to SDR135 billion. This decision has to be ratified by the board of governors.