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Developing nations' share in IBRD, IFC should be 50%: Jaitley

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Seeking reforms in IMF and World Bank to reflect a larger say for economies like India, Finance Minister Arun Jaitley has said the share of developing and transition countries (DTCs) in the multi-lateral lending agencies IBRD and IFC must be raised to 50 per cent.

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Developing nations' share in IBRD, IFC should be 50%: Jaitley

Seeking reforms in IMF and World Bank to reflect a larger say for economies like India, Finance Minister Arun Jaitley has said the share of developing and transition countries (DTCs) in the multi-lateral lending agencies IBRD and IFC must be raised to 50 per cent.

Christine Lagarde for breathing space before next round of IMF reforms

Christine Lagarde for breathing space before next round of IMF reforms

A day after India pitched for further quota reforms at IMF to reflect global economic realities, its chief Christine Lagarde Sunday said a round of quota reforms has just been completed and there has to be some breathing space before the next round is taken up.

IMF implements quota reforms; India, China get more voting rights

IMF implements quota reforms; India, China get more voting rights

For the first time, the four emerging economies – India China, Brazil and Russia -- would be among the 10 largest members of the International Monetary Fund.

India among 10 largest IMF members with historic reforms

India among 10 largest IMF members with historic reforms

The International Monetary Fund`s historic quota and governance reforms that for the first time place four emerging market countries - Brazil, China, India, and Russia - among its 10 largest members have become effective.

 

Arun Jaitley to press for IMF quota reforms in Peru

Finance Minister Arun Jaitley will discuss recent developments in the global economy and lack of progress in the implementation of the 2010 IMF quota reforms during his official tour to Peru to attend IMF-World Bank meetings from October 7-11.

IMF board postpones decision on emerging countries' voting rights

The International Monetary Fund`s board on Friday decided to postpone by three months its decision on how to raise emerging countries` voting rights at the institution, as it seeks to get past U.S. foot-dragging on reforms.

India disappointed over non-implementation of IMF reforms: FM Jaitley

India has expressed deep disappointment over the non-implementation of IMF quota and governance reforms that would give it a greater say in the global crisis lender, matching the country's growing economic might.

G20 to sidestep US on IMF reforms

The United States can block the IMF reforms because it holds a controlling share of votes.

China disappointed over US failure to approve IMF reforms

China has expressed deep disappointment at the United States' failure again to approve the 2010 reform plan crucial for the effectiveness and legitimacy of the IMF.

IMF`s Lagarde `disappointed` by US inaction on reforms

International Monetary Fund Managing Director Christine Lagarde said Friday she was disappointed that the US Congress failed this week to ratify crucial IMF reforms supported by other major countries.

US budget leaves IMF reforms in doubt

Crucial reforms of the International Monetary Fund were left hanging Wednesday after the US Congress failed to endorse them in the final budget legislation of the year.

BRICS leaders dissatisfied with slow IMF reforms

The BRICS leaders Saturday reaffirmed their disappointment and serious concern over the non-implementation of the 2010 International Monetary Fund (IMF) reforms at an informal meeting hours ahead of the G20 leaders summit in Brisbane.

US Senate drops IMF reforms from Ukraine aid

US Senate Democrats bowed to Republican demands Tuesday that IMF reforms be removed from their Ukraine aid package, acknowledging it could not pass with the controversial changes intact.

G20 aims to lift global GDP, regrets delay in IMF reforms

The Finance ministers and central bank governors of G20 nations Sunday decided to work towards lifting their collective GDP by more than two percent over the next five years and exhorted the United States to go ahead with the IMF quota reforms.