Financial Times FT.com

IMF to give more weight to Asian vote

By David Pilling in Tokyo

Published: June 6 2006 22:59 | Last updated: June 6 2006 22:59

Asian countries that are under-represented at the International Monetary Fund, including China and South Korea, should in future see an automatic increase in voting shares if their economies continue to strengthen, according to Anne Krueger, the IMF’s first deputy managing director.

IMF members meeting in Singapore in September are expected to agree to a “ad-hoc” quota increase for such sidelined countries, and vote on further future amendments to the system.

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