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Image header Agence Europe
Europe Daily Bulletin No. 10243
Contents Publication in full By article 12 / 31
GENERAL NEWS / (eu) eu/economy

Europeans give up two seats at IMF

Brussels, 25/10/2010 (Agence Europe) - Meeting in Gyeongju (South Korea) this weekend, G20 finance ministers and central bankers agreed on changes to the International Monetary Fund (IMF) governance system. By 2012, there will be a 6% shift in quota shares to the world's emerging and/or under-represented economies. The quota shares match the financial contributions to the IMF and are used to decide on member countries' voting rights. The famous BRIC group (Brazil, Russia, India and China)...

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