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About: Canada and the International Monetary Fund     Goto   Sponge   NotDistinct   Permalink

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Canada is one of the original members of the International Monetary Fund, having joined it on December 27, 1945. It has a quota of 11,023.9 million SDRs and 11,698 votes, 2.31% of the total IMF quota and votes, ranking the 9th of all. Canada has been represented on the IMF Board of Governors by Minister of Finance Chrystia Freeland since 2020. Canada elects an Executive Director on the fund's Executive Board with Antigua and Barbuda, Barbados, Ireland, Bahamas, Belize, Dominica, Grenada, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines. Philip John Jennings is the elected alternate director. Canada is the only G7 country that represents both lenders (Canada and Ireland) and borrowers (the Caribbean) at the IMF.