Birmingham Map on The remaining 16 directors are elected for twoyear terms and represent certain groups of countries. The executive board selects the managing director who is appointed for a five-year term and supervises the IMF staff of about 3,000 employees. The managing director is traditionally a European. The sources of the fund come mostly from the contributions (called quotas) of its members.
The size of a quota broadly depends on the size of the country's economy.
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The quota also determines the voting power of a country. For example, the United States' contribution to the fund is approximately 18 percent of total quotas.
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