PBoC’s Yi urges IMF to complete quota and governance reforms


International Monetary Fund (IMF) members that have yet to accept 2010 quota and governance reforms should press ahead with obtaining domestic approval, according to Yi Gang, a deputy governor of the People's Bank of China (PBoC).

Agreed in December 2010, the IMF package of reforms seeks to double quotas and increase the share of contributions made by emerging markets to the Fund while simultaneously strengthening their representation on the IMF's executive board.

"To safeguard the IMF's legitim

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