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The 10 Countries With the Most Voting Power at the IMF |
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BRICS leaders met in New Delhi on Saturday and asked again for a bigger say at the International Monetary Fund. The Fund updated its voting table yesterday. The United States holds 16.49% of the vote. The biggest decisions need 85%. |
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Source: IMF, Members’ Quotas and Voting Power, updated September 14, 2026. Share of 5,041,052 total votes across 191 members. |
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| What’s Surprising |
Japan’s economy is about a fifth the size of China’s. At the IMF, Japan has more votes: 309,657 against China’s 306,281. China produces 16.5% of world output and casts 6.08% of the vote.
The number that decides things is 85%. Changing quotas, allocating reserve assets, amending the Fund’s charter — each needs 85% of the total vote. The United States holds 16.49%. It is the only member that can stop any of them on its own.
The five original BRICS — Brazil, Russia, India, China, South Africa — hold 14.15% between them. That is less than the United States alone. Their leaders met in New Delhi on Saturday and asked for the 2023 quota increase to take effect “with no further delay.”
| What’s Not Surprising |
Votes follow money, and the money was counted a long time ago. Germany, France, the UK and Italy hold 16.4% between them on 12.7% of world output. The EU’s 27 members together hold 25.5% — more than the United States.
Every member also gets 1,452 votes for free, then one more for each SDR 100,000 of quota. For Tuvalu the free votes are 1,452 of 1,477. For the United States they are 1,452 of 831,394.
The Fund approved a 50% quota increase in December 2023 — SDR 238.6 billion, about $320 billion. It was equiproportional: every quota up by half, every share unchanged. The money grows. The table does not.
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85% The majority the IMF’s biggest decisions need. One member holds more than 15% and can block them alone. |
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1,452 Basic votes every member gets, Tuvalu to the United States. Tuvalu’s whole total is 1,477. |
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$960 billion Where the Fund’s quota resources land once the 2023 increase takes effect. Members holding 76.66% of quotas have consented. The bar is 85%. |
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181 Brazil’s margin over Canada, out of 5,041,052 votes. That is the gap between tenth place and eleventh. |
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6.47% The share held by all 54 African countries together. Japan holds 6.14% on its own. |
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Consents to the 2023 quota increase close at 6 p.m. Washington time on November 15. Members holding 76.66% of quotas have signed, against a bar of 85%, and the deadline has already been pushed back more than once — last on May 8. Any member holding more than 15% of quotas can hold the door shut by doing nothing. Then the Annual Meetings in Bangkok in October, where a new quota formula for the 17th Review is on the table. We’ll be watching. |
