Petitioner: 60 members of French National Assembly

Respondent: French Constitutional Council

France is a member of the International Monetary Fund. Every IMF member has an obligation to contribute a certain amount of money (known as SDRs) to the organization. This is known is its quota subscription, often just referred to as quota. A member state’s amount of votes and access to IMF resources derives to its contributions; therefore, the larger a state’s quota, the more say it has in policies.

In order to adjust quotas for member states, it must be approved by member states having at least 70 percent of the IMF’s total votes. At the time of this trial, the number of required votes was 85 percent. The affected state must approve the quota change and pay for it.

On March 22, 1976, the Board of Governors of the

The Coustitutional Council declared that the law authorizing an increase in France’s quota to the IMF is in conformity with the Constitution.

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