IMF to give emerging economies votes

Managing director Rodrigo Rato said the International Monetary Fund is ready to give emerging economies greater representation in the organisation with changes to members' voting powers in September.

He said the IMF will adopt an ambitious plan to give greater weight to more dynamic economies by rebalancing quotas, which determine how much a member contributes to the fund, its voting rights and access to financing.

"It's important, not so much to change the direction of the institution but to g