Any country is allowed to be a member and it is the members themselves whom determine soverign risk. Foreign owned corpoations are domiciled for risk.
The member countries becuase they have determined soverign risk are responsible for each member if it defaults.
As to Maguabe, what has this to do with things? This is not a dictatorial idea it is risk implementation.
Good point Dave R - A possible suggestion would be that the Countries that are too broke could either be accepted by IMF vote and collateral support from other members. This would assist in the economies of developing nations to contribute to World Trade.
