[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"question:74:en-US":3},{"metadata":4,"sys":15,"fields":35},{"tags":5,"concepts":14},[6,11],{"sys":7},{"type":8,"linkType":9,"id":10},"Link","Tag","global",{"sys":12},{"type":8,"linkType":9,"id":13},"inequalities",[],{"space":16,"id":20,"type":21,"createdAt":22,"updatedAt":23,"environment":24,"publishedVersion":28,"revision":29,"contentType":30,"locale":34},{"sys":17},{"type":8,"linkType":18,"id":19},"Space","ghhpjogyw4x7","0cddabd82a37caa2aff76c5095f1812a","Entry","2021-11-11T07:10:10.210Z","2023-11-27T09:07:25.137Z",{"sys":25},{"id":26,"type":8,"linkType":27},"master","Environment",38,12,{"sys":31},{"type":8,"linkType":32,"id":33},"ContentType","question","en-US",{"globalId":36,"answers":37,"answersAsImages":57,"wrongPercentage":94,"name":95,"questionText":96,"statistics":97,"veryWrongStatistics":99,"correctSentence":101,"youWereWrong":102,"youWereRight":103,"dataSourceShortText":104,"dataSourceLinkLongText":105,"extendedAnswerText":106,"headingVeryWrong":107,"youWereVeryWrong":102,"headingWrong":107},"74",[38,60,77],{"metadata":39,"sys":42,"fields":55},{"tags":40,"concepts":41},[],[],{"space":43,"id":45,"type":21,"createdAt":46,"updatedAt":47,"environment":48,"publishedVersion":50,"revision":51,"contentType":52,"locale":34},{"sys":44},{"type":8,"linkType":18,"id":19},"d483d304010c756c4c2095fde1697752","2021-11-11T06:55:23.763Z","2023-09-04T09:13:08.787Z",{"sys":49},{"id":26,"type":8,"linkType":27},9,5,{"sys":53},{"type":8,"linkType":32,"id":54},"answer",{"globalId":56,"correctAnswer":57,"isVeryWrong":58,"answerText":59},"74-a1",false,true,"Around 20%",{"metadata":61,"sys":64,"fields":74},{"tags":62,"concepts":63},[],[],{"space":65,"id":67,"type":21,"createdAt":68,"updatedAt":69,"environment":70,"publishedVersion":50,"revision":51,"contentType":72,"locale":34},{"sys":66},{"type":8,"linkType":18,"id":19},"f4e792befe85326bdff1bb8f4f6eaf34","2021-11-11T06:55:25.472Z","2023-09-04T09:13:08.826Z",{"sys":71},{"id":26,"type":8,"linkType":27},{"sys":73},{"type":8,"linkType":32,"id":54},{"globalId":75,"correctAnswer":57,"isVeryWrong":57,"answerText":76},"74-a2","Around 45%",{"metadata":78,"sys":81,"fields":91},{"tags":79,"concepts":80},[],[],{"space":82,"id":84,"type":21,"createdAt":85,"updatedAt":86,"environment":87,"publishedVersion":50,"revision":51,"contentType":89,"locale":34},{"sys":83},{"type":8,"linkType":18,"id":19},"1ede3a1b9bca952082be1ef78495f369","2021-11-11T06:55:27.139Z","2023-09-04T09:13:08.866Z",{"sys":88},{"id":26,"type":8,"linkType":27},{"sys":90},{"type":8,"linkType":32,"id":54},{"globalId":92,"correctAnswer":58,"isVeryWrong":57,"answerText":93},"74-a3","Around 70%",82,"IMF LMIC members","What share of the members of the International Monetary Fund (IMF) are low- and middle-income countries?",[98],"uk 0.816",[100],"uk 0.28","Around 70% of the countries in the IMF are low- and middle-income countries.","You probably didn’t know that most countries in the world today are middle-income countries, and they are part of global collaborations.","They don’t realize that a majority of countries today are middle-income, and they participate in global collaborations for a stable world economy.","Sources: IMF and World Bank","The International Monetary Fund (IMF)[1] was set up in 1945 to help to foster international monetary cooperation. There are currently 189 country members of the IMF[2] that are also UN member states with voting rights. Kosovo is also a member of the IMF, but at the moment it does not have UN membership voting rights. There are a total of 193 UN member states. The four countries that are members of the UN, but not in the IMF are Cuba, Liechtenstein, Monaco and North Korea. For the FY 2022, Liechtenstein and Monaco are classified as high-income, Cuba as upper-middle-income and North Korea as low-income economies.[3]. \n\nThe newest country in the world is South Sudan, which in 2011 gained independence from Sudan. Just one year later, in 2012, Sudan became a member of the IMF.\n\n[1]  [IMF - About](https:\u002F\u002Fwww.imf.org\u002Fen\u002FAbout)  \n[2]  [IMF - List of members](https:\u002F\u002Fwww.imf.org\u002Fexternal\u002Fnp\u002Fsec\u002Fmemdir\u002Fmemdate.htm)  \n[3]  [World Bank Country and Lending Groups](https:\u002F\u002Fdatahelpdesk.worldbank.org\u002Fknowledgebase\u002Farticles\u002F906519-world-bank-country-and-lending-groups)  \n[4]  [IMF members by income groups compiled by Gapminder](https:\u002F\u002Fdocs.google.com\u002Fspreadsheets\u002Fd\u002F10mP16noIj655PqITygx_30IGlJB8sVqnyZk80wfzPcA\u002Fedit#gid=0)  ","Most people seem to have an outdated view of global partnerships. They imagine that big international organizations are made up of mainly rich countries. And many people don’t realize that a majority of countries have gotten richer over recent decades by competing in the globalized world market. These countries are becoming more influential in all global collaborations, and they are already involved in organizations working for a stable world economy.\n\nThere are roughly 195 countries in the world. Around 56% of them are “middle-income”, and 14% are “low-income” countries. They make up roughly 71% of the members of the International Monetary Fund (IMF) - an organization established to ensure stability and cooperation in the international monetary system.\n\n### Why is it a problem that people are wrong about this?\nThe world is far from equal and there are many international rules that benefit countries that are already rich and powerful. During recent decades, many low- and middle-income countries have become much richer and more powerful, and they now make up the majority of members in all UN organizations and organizations like the IMF. As almost all countries are members already, if these organizations are reformed to become even more democratic, they can serve as a great platform to create a more just world economy. But if people wrongly assume that low- and middle-income countries are a minority of the members, they probably don’t recognize the IMF as an organization pushing for a more equal world.\n\n### Do all countries have an equal say in the IMF?\nNo. The richer countries have more votes and more power in decision making. All of the 190 members of the IMF have an equal number of basic votes, but are then allocated a differing number of votes based on their quota. A country’s quota broadly reflects their relative strength in the world economy.\n\n### Why are people wrong about this?\nThe world has developed quickly and many are stuck with an old worldview, where they imagine a majority of countries as very poor, and excluded from important global decision making. That was true 60 years ago. The world has changed. Most countries have become richer, but such changes happen so slowly that they never get reported in the news. It’s hard to know why so many people guess wrongly about this. Here’s another hypothesis: When the international meetings are displayed in the media, it’s hard to realize that a majority of the leaders in fancy clothes sitting in fancy rooms, actually represent the people in middle-income and low-income countries, where pretty much everyone is poorer than their leaders. We see a room full of well-dressed decision makers and we might mistakenly think they are from richer countries, as we can’t see any poor people in the picture.\n\n![Board of Governors International Monetary Fund](\u002F\u002Fimages.contentful.com\u002Fghhpjogyw4x7\u002F4BuayYYnnuykvNYtASjmS\u002Fefe807db44d1f5756200d1a967e6ef48\u002FBoard_of_Governors_International_Monetary_Fund.jpg)\n\n### What does the International Monetary Fund do?\nThe [IMF’s mission](https:\u002F\u002Fwww.imf.org\u002Fen\u002FAbout) is to ensure the stability of the international monetary system. It does so in three ways: 1. Keeping track of the global economy and the economies of member countries; 2. Lending to countries with financial difficulties; and 3. Giving practical help to members.\n\n### How do you classify countries as “low- and middle-income”?\nWe use the World Bank’s classification, which is based on a country's average income (GNI per capita, calculated using the World Bank Atlas method). A country can change groups if it gets richer or poorer. The average income says nothing about the income inequalities within countries. In many middle-income countries, there are large population groups living in poverty. The World Bank’s classification is available on [its website](https:\u002F\u002Fdatahelpdesk.worldbank.org\u002Fknowledgebase\u002Farticles\u002F906519-world-bank-country-and-lending-groups).\n","Most countries are middle-income"]