Emerging economies criticise US for lack of reforms in IMF
Emerging economies have expressed their deep disappointment over the inability of the US to ratify IMF quota and governance reforms that would give countries like India and China a larger say in the financial bodies' decision making process.
Apr 17, 2015, 18:22 PM ISTIndia pitches for quota reforms at IMF, gets Christine Lagarde's backing
As per the current quota system, the US has 17.69% while the voting right is 16.75%, followed by Japan - 6.56% with 6.23% voting share. India has a quota of 2.44%, with 2.34% voting right.
Mar 16, 2015, 22:56 PM IST