IMF board laments US-induced impasse on quota reform

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The International Monetary Fund's (IMF) executive board has asked the organisation's top decision-making body, the board of governors, to urge a handful of countries, including the US, to ratify a far-reaching reform package hashed out by the Group of 20 (G-20) in 2010 that would increase the fund's resources to $733 billion and modernise its governance structure.

In a report published yesterday, the executive board proposes the board of governors adopt a resolution expressing "deep regret" that

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