IMF reworking power equations

In recognition of their improving economic strength, the International Monetary Fund (IMF) has decided to award China, Turkey, Mexico and South Korea a bigger role in the operations of the organisation. The board of directors at IMF also accepted a two-year plan to rework voting shares for certain member countries, which include a few African nations and developing countries like Malaysia and Indonesia. Further negotiations at higher level are expected to lead to wider change in power equations in the IMF.

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Source:- IIPM Editorial

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