IMF board to meet Friday on G20 quota reform deal

WASHINGTON, Nov 2 (BestGrowthStock) – The International Monetary
Fund board will meet on Friday to discuss a Group of 20 nations
proposal on giving emerging market countries more voting power
in the global lender, an IMF spokesman said.

“The executive board is scheduled to meet Friday to discuss
proposals on reform of IMF quotas and governance,” the IMF
spokesman said.

Finance Ministers from the G20 leading economies agreed at
an Oct. 23 meeting in Gyeongju, South Korea, to shift voting
power to dynamic developing countries such as China, which will
become the third-biggest member of the 187-strong global
lender.

(Reporting by Lesley Wroughton; Editing by Padraic Cassidy)

IMF board to meet Friday on G20 quota reform deal