The Czech Republic is planning to more than double its quota in the IMF, a
move that should strengthen its position in the organization. Currently
the
country’s quota amounts to 1,002 billion Special Drawing Rights. The
Finance Ministry’s proposal, approved by the government on Wednesday,
envisages an increase to 2,180 billion Special Drawing Rights. A member
country's quota determines its maximum financial commitment to the IMF,
its
voting power, and has a bearing on its access to IMF finances.