Image courtesy of Sanjeewa Dayarathne
TOKYO, Sept 10, 2006 (AFP) – Asian nations want to wield more power at the International Monetary Fund and other global forums to reflect their growing economic clout but Europe seems reluctant to cede influence, analysts say. “I think the G7 has to be fundamentally changed to include countries such as China, India and Russia, and some emerging countries, because their influence is already very big,” said Professor Sakakibara.
After six decades, IMF charts a new
WASHINGTON, Sept 10, 2006 (AFP) – The 61-year-old International Monetary
Fund is set to accord greater weight in its deliberations to China and
other emerging market powers, finally taking into account their growing
stature in the world economy.
finance officials from the 184-member IMF are expected to endorse the
long-awaited reform at their annual meeting September 19 and 20 in