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US faces pushback on plan to bolster IMF funding without shareholding changes

The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IMF's lending war chest without boosting the shareholdings of China, India and Brazil, government officials and development experts say. "Quota increases without realignment would politically weaken the Fund," a Brazilian official told Reuters, adding that Brazil, China and India deserved a bigger role in the IMF commensurate with their growing stature in the global econom...
Coted Ivoire World Bank District Of Columbia United States Distrito Federal Ivory Coast
Source: yahoo.com

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US faces pushback on plan to bolster IMF funding without shareholding changes

The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IMF's lending war chest without boosting the shareholdings of China, India and Brazil, government officials and development experts say. "Quota increases without realignment would politically weaken the Fund," a Brazilian official told Reuters, adding that Brazil, China and India deserved a bigger role in the IMF commensurate with their growing stature in the global econom...
World Bank District Of Columbia United States Distrito Federal Coted Ivoire Ivory Coast
Source: yahoo.com

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