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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 economy. Quotas contributed by member countries in proportion to their voting power now account for more ...

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 economy. Quotas contributed by member countries in proportion to their voting power now account for more ...

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,... -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...