1 A Debate About an Issue Involving an International Organization 2 A Debate About an Issue Involving an International Organization For years, the International Monetary Fund has faced criticism because of several issues that it has allowed to persist. One of the most significant issues and sources of criticism for the organization has been its apparent disregard for the imbalance of power that exists within the organization. Small and developing countries, especially those from the Global South, have always been structurally underrepresented (Bretton Woods Project, 2019). Thus, a political power imbalance exists in IMF’s governance structure founded on the fact that voting shares are awarded based on the side and perceived openness of countries’ economies. As a result, developing countries who usually the ones asking for loans from the organization, find themselves structurally under-represented in decision-making processes (Bretton Woods Project, 2019). Whereas there have been efforts to rectify the issue, the balance of power is still considered to be unfair. The voting system within the IMF is highly crooked. The voting power is dictated by a quota system of voting rights which is based on the number of financial contributions made to the institutions (Bretton Woods Project, 2019). As a result, economically sound countries are able to invest more into the fund, which then gives them greater voting influence on policy. The countries that possess the largest voting p ...
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