IMF members approve voting reform plan

The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.

The reforms will see increased voting shares for China, South Korea, Turkey and Mexico to reflect their growing economic sway.

"(The) 90.6 percent approval is an important and very good result," said Peer Steinbrueck, the German minister.

The move, the first part of a two-phase plan, aims to b

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