{"id":24372,"date":"2024-08-03T17:34:47","date_gmt":"2024-08-03T17:34:47","guid":{"rendered":"https:\/\/sotnews.agency\/?p=24372"},"modified":"2024-08-03T18:38:57","modified_gmt":"2024-08-03T18:38:57","slug":"africa-gets-third-seat-on-imf-executive-board-effective-november-1","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=24372","title":{"rendered":"Africa gets third seat on IMF executive board effective November 1"},"content":{"rendered":"
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The Board of Governors of the International Monetary Fund (IMF), the highest decision-making body of the IMF, on July 16, 2024, issued a new resolution to increase the number of Executive Directors on the IMF\u2019s Executive Board by adding a 25th chair intended for Sub-Saharan Africa.<\/p>\n

This resolution follows the call, made by the International Monetary and Financial Committee during the 2023 Annual Meetings in Marrakech, for the creation of a 25th chair to improve Sub-Saharan Africa\u2019s voice and representation and the overall balance of regional representation at the Board.<\/p>\n

\u201cThe Board of Governors have taken an important step towards creating an additional 25th chair at our Executive Board to increase Sub-Saharan Africa\u2019s representation in IMF decision making, to make our Board more inclusive, and to reflect the region\u2019s role in the global economy,\u201d said IMF Managing Director Kristalina Georgieva.<\/p>\n

Approval by the Board of Governors to change the size of the Executive Board requires an 85 percent majority of the total voting power.<\/p>\n

The Fund\u2019s membership approved the resolution allowing for the creation of a 25th chair, exceeding the required threshold.<\/p>\n

The new Executive Board of 25 Executive Directors will take office on November 1, 2024.<\/p>

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The Board of Governors of the International Monetary Fund (IMF), the highest decision-making body of the IMF, on July 16, 2024, issued a new resolution to increase the number of… <\/p>\n","protected":false},"author":1,"featured_media":24385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-24372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24372"}],"version-history":[{"count":2,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24372\/revisions"}],"predecessor-version":[{"id":24387,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/24372\/revisions\/24387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/24385"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}