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This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that "justice is the first virtue of social institutions," and we use his theory of justice to provide a method for understanding what should be the case, in the context of voice and voting shares, before international institutions, such as the IMF, are to be justifiable to their members. The implementation of this process suggests, among other things, that a major revision of the quota formulas is long overdue, and leaving this unaddressed raises serious questions regarding the IMF's governance which could develop into a core mission risk and jeopardize the relevance of the institution.

International Monetary Fund. --- Internationaal monetair fonds --- International monetary fund --- Banks and Banking --- Exports and Imports --- Financial Risk Management --- Foreign Exchange --- Macroeconomics --- International Investment --- Long-term Capital Movements --- Labor Economics: General --- Monetary Policy --- Financial Crises --- Currency --- Foreign exchange --- International economics --- Labour --- income economics --- Banking --- Economic & financial crises & disasters --- Market exchange rates --- Capital flows --- Labor --- International reserves --- Financial crises --- Capital movements --- Labor economics --- Foreign exchange reserves --- United States --- Income economics