IMF sees strong support for US-backed quota increase, discusses shareholding structure rebalance

The IMF announced Tuesday that it has received strong backing for a proposal, supported by the United States, to increase its lending resources without altering its ownership structure.

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

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.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.