Singapore notes

Quota winners and losers

Not everyone is happy with the new share allocation.

This year's annual meetings of the World Bank and International Monetary Fund saw a modest, but important, first step to improve the governance structure of the IMF. The decision to increase the shares given to China, South Korea, Mexico and Turkey was passed by 90.6% of votes cast - it needed just 85% to pass. However, 23 of the 184 countries voted against these reforms. The dissenters were mostly those in the Middle