Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Donal Donovan:
Yes, there is, in the sense that decisions on lending ,which are key decisions, require approval of 51% of the votes. The IMF does not take votes explicitly. It very rarely takes votes where people put their hand up. In the sense of a discussion and discussions on difficult cases, most of the representatives of member countries would speak. The secretary of the board has a pretty good idea of the voting capacity of each chair.