PBoC chief urges Asian nations to push for IMF quota reform

Pan Gongsheng says a redistribution of quotas at the IMF is long overdue

pboc building
The People’s Bank of China

People’s Bank of China governor Pan Gongsheng has called on Asian countries to push for reforms to the International Monetary Fund’s quota system that would give them more sway at the institution.

“The current quota share has been long overdue in reflecting members’ relative weight in the world economy,” Pan said at the Boao Forum held in Hainan on March 27.

Pan said there was an urgent need for “realigning” IMF members’ quota shares to improve the fund’s governance and capacity.

The PBoC governor

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account