Sunday, February 24, 2008

Deal on IMF voting formula likely in April


WASHINGTON, Feb 24 (Reuters) - International Monetary Fund member countries are expected to take an important step in giving emerging economic powers more say in the global financial institution by approving a new voting formula in April, IMF board officials say.

The proposed formula will be presented to the IMF board of member countries before March 15, before a meeting of global finance chiefs in Washington on April 12-13.

[Read More:Reuters]

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