What is the quota of the International Monetary Fund? Is it important? Why?

What is the quota of the International Monetary Fund? Is it important? Why?

THE DEPOSIT PAID BY EACH MEMBER TO THE INTERNATIONAL MONETARY FUND IS CALLED A QUOTA THAT GENERALLY REFLECTS THE IMPORTANCE OF A MEMBER’S ECONOMY. THE QUOTA IS VERY IMPORTANT AS IT DETERMINES A MEMBER’S VOTING POWER IN AND BORROWING POWER FROM THE IMF, AND SERVES AS PART OF ITS OFFICIAL RESERVES.