Emerging economies to get more power at IMF – Strauss-Kahn

GYEONGJU, South Korea, Oct 23 (BestGrowthStock) – The Group of 20 has
agreed to shift more than six percent of voting power at the
International Monetary Fund to dynamic emerging economies such as
China, IMF Managing Director Dominique Strauss-Kahn said on
Saturday.

As part of a deal to reform the way the Fund is governed,
Europe will give up two of its nine seats on the IMF’s 24-strong
Executive Board, Strauss-Kahn told reporters during a meeting of
G20 finance ministers.

The G20 agreed in principle a year ago to transfer at least 5
percent of voting rights to under-represented emerging economies.
(Reporting by Luciana Lopez; Editing by Ed Lane and Tomasz
Janowski)

Emerging economies to get more power at IMF – Strauss-Kahn