Current quota distribution order should be transformed drastically on the basis of a clear and fair mechanism which is to be worked out. This makes possible for EMDCs to take position in the IMF governance structure relevant to their actual weight in the global economy. Expert community of the BRICS member countries should be also engaged in this process to work out scientific justification of all changes being proposed.

Starting the discussion, this research paper introduces a new pattern of using quota formula variables. The report’s authors invite experts from the BRICS member countries and other EMDCs to express their views on the questions raised.