IMF sees strong support for US-backed quota increase, discusses shareholding structure rebalance
Realignment aims to better reflect economic growth of significant emerging market economies
{{#rendered}} {{/rendered}}The International Monetary Fund said on Tuesday that it is seeing "significant support" for a U.S.-backed increase in quota lending resources without changes to its shareholding structure at IMF and World Bank meetings in Morocco.
UN SECRETARY-GENERAL PREDICTS 'HISTORIC' HUNGER IN POST-CORONAVIRUS WORLD
Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, speaks on the second day of the annual meeting of the IMF and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, on Oct. 10, 2023. (REUTERS/Susana Vera)
But IMF Managing Director Kristalina Georgieva told civil society groups that she wants to set a deadline for a "necessary realignment" of the crisis lender's shareholding structure that would reflect the growth of larger emerging market economies.
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