NEW DELHI: The government will have to make an additional payment of USD 11 billion towards increasing its voting share in the International Monetary Fund (IMF), once the quota reforms at the multilateral agency are approved, Parliament was informed on Friday.
India's quota share in the IMF would increase to 2.75 per cent from 2.44 per cent once the reforms comes into effect.
"This increase would require an additional payment of USD 11 billion," minister of state for finance Namo Narain Meena said in a written reply in the Lok Sabha.
India's quota share in the IMF would increase to 2.75 per cent from 2.44 per cent once the reforms comes into effect.
"This increase would require an additional payment of USD 11 billion," minister of state for finance Namo Narain Meena said in a written reply in the Lok Sabha.
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