Membership of the IMF is restricted to EDCs.

Name: Membership of the IMF is restricted to EDCs.
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Membership of the IMF is not restricted to EDCs (Emerging and Developing Countries). In fact, both developed and developing countries can be part of the IMF. However, the voting power and representation in decision-making processes of member countries are proportional to their financial contributions, which may be higher for developed countries.

Membership of the IMF Is Restricted to EDCs