Developing countries only have one third of the votes in the IMF while they represent almost half of the world economy. In order to work in the interest of both rich and poor countries, the IMF will have to increase the poor countries’ quota. Especially China and India, both upcoming economies, are urging the IMF to reform. However, so far there has been no agreement concerning the mechanism for increasing the votes.
Lisa Huylebroeck
source: http://news.bbc.co.uk/2/hi/business/8289250.stm
1 opmerking:
Clear focus, good flow.
Accurate account: well done.
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