On Saturday April 16, a 7.8 magnitude earthquake struck Ecuador killing hundreds of people, leaving thousands wounded and causing severe damage to infrastructure. Access to safe drinking water and storage, as well as shelter is urgently needed. With your help we can reach the most vulnerable populations with vital assistance.
Correction: IMF quota share
Luxemburg has a larger calculated quota share than Argentina and South Africa at the IMF, not a larger voice, as we said in our statement of 21 April.
A member’s voting power at the IMF is largely, but not entirely, determined by their quota share. The corrected statement is:
Oxfam spokesperson Elizabeth Stuart said: “It’s outrageous that a country like Luxemburg has a greater quota share at the IMF than South Africa or Argentina.”
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