Page 3 - Mark Sobel News Today

China says its voting power at the Fund doesn't mirror the economic clout it has built over the past two decades. But the US, the IMF's biggest shareholder, isn't ready to change the status quo, just yet.

China says its voting power at the Fund doesn't mirror the economic clout it has built over the past two decades. But the US, the IMF's biggest shareholder, isn't ready to change the status quo just yet.

Treasury Secretary Janet Yellen calls on Congress to authorize more economic support for Ukraine.

(Bloomberg) -- Treasury Secretary Janet Yellen is expected to push her reform agenda for the World Bank and meet with senior Chinese officials, along with potentially discussing new ways to limit Russia’s revenue from oil sales on a nine-day international trip set to start Sunday.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald Trump...

Geopolitics helped keep the credit flowing to Argentina. Even so, at some point the International Monetary Fund —  and its biggest shareholder, the United States — might call time.

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...

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...

The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IMFs lending war chest without boosting the shareholdings of China, India and Brazil,... -October 06, 2023 at 03:18 pm EDT - MarketScreener

By David Lawder WASHINGTON (Reuters) - 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 of...

By David Lawder WASHINGTON (Reuters) - The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IM...