In the year 2016, the International Monetary Fund (IMF) gave more voting rights to four countries, affecting its governance infrastructure. Which of the following countries is not one of them?

Correct option is A

The correct answer is (a) Sri Lanka
Explanation:
. In January 2016, the International Monetary Fund (IMF) implemented a historic quota and governance reform package agreed upon in 2010.
. These reforms were aimed at giving emerging economies a greater say in the governance of the institution.
. The four countries that saw a significant increase in their voting rights and joined the top 10 members of the IMF were Brazil, China, India, and Russia (often referred to as the BRIC nations).
. China became the third-largest member of the IMF after the US and Japan.
. Sri Lanka was not among the countries that received significantly enhanced voting rights under this specific 2016 rebalancing.
Information Booster:
. The reforms resulted in a shift of more than 6 percent of quota shares to dynamic emerging market and developing countries.
. A member's quota in the IMF determines its maximum financial commitment, its voting power, and its access to IMF financing.
Additional Knowledge: China (Option b)
. China's voting share rose from roughly 3.8% to 6.08%, making it one of the most powerful members in the Fund.
India (Option c)
. India's voting share increased from 2.3% to 2.6%, moving it into the list of the top 10 shareholders.
Brazil (Option d)
. Brazil also gained more influence, ensuring that emerging economies have a representation that better reflects their global economic weight.