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Special drawing rights (SDRs, code XDR) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). [1] SDRs are units of account for the IMF, and not a currency per se . [ 2 ]
The quota share is a specified number or percentage of the allotment as a whole quota, that is prescribed to each individual entity. For example, the United States imposes an import quota on cars from Japan. The Japanese government may see fit to impose a quota share program to determine the number of cars each Japanese car manufacturer may ...
South Korea's economy has experienced less short term growth in recent years. The GDP growth fell to 2.7 percent in 2018 relative to the 3.1 percent in the year prior. [20] The predictions for 2019 is that growth will slightly fall to 2.6 percent due to an expected increase in internal demands and a decline in external demands. [20]
Its economic performance and quota contributions influence India's representation and voting power at the IMF. For example, the 14th General Review of Quotas, which came into effect in 2016, was a significant milestone where India's quota and voting power saw substantial adjustments. [ 10 ]
The nation's IMF quota stands at 2454.5 million (SDR) along with its special drawing rights amounting to 3702.34 million (SDR). [1] As of July 2023, Nigeria experienced a 3.2 GDP change. [ 2 ] Moreover, as of 2023, Nigeria has an outstanding IMF credit of 2,147,687,500, with 306,812,500 made in repayments.
Import quota, a restriction on the quantity of goods that can be imported into a country; Market Sharing Quota, an economic system used in Canadian agriculture; Milk quota, a quota on milk production in Europe; Individual fishing quota, a quota on allowable catch
A production quota is a goal for the production of a good. It is typically set by a government or an organization, and can be applied to an individual worker, firm, industry or country. Quotas can be set high to encourage production, or can be used to restrict production to support a certain price level. [1]
Each member of the IMF is assigned a quota (membership fee), part of which is payable in special drawing rights (SDRs) or specified usable currencies ("reserve assets"), and part in the member's own currency. The difference between a member's quota and the IMF's holdings of its currency is a country's Reserve Tranche Position (RTP). [1]