quota (IMF)

The share of a member country in the International Monetary Fund (IMF). Its quota determines the amount of its own and other currencies a member has to subscribe on joining. The voting power of a member on decisions by the IMF, and the amount it can borrow if necessary, are both proportional to its quota. A large quota for a rich country such as the USA implies a large subscription and a large say in decisions. A larger quota for a poor country means larger access to various forms of loan if it encounters balance of payments problems. IMF quotas are revised periodically, by negotiation between members.

In common language, especially in business, a quota is a time-measured goal for production or achievement. The number of cars imported from Japan may have a quota of 50,000 vehicles per annum to protect auto manufacturers in the United States.

In proportional representation, a quota is a lowerbound on the number of votes needed to be elected. There are a number of such schemes:

Droop quota Hagenbach-Bischoff quota Hare quota Imperiali quota Ross quota

In computing:

disk quota

In affirmative action:

Racial quota Reservations in India Quotas in Pakistan

In immigration:

Emergency Quota Act

In the IMF:

IMF Quotas

In Fisheries management:

Individual Fishing Quotas

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