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IMF Chief Sees Broad Reform Consensus

Sunday, September 17, 2006 1:14:08 PM
By RAJESH MAHAPATRA

IMF chief Rodrigo de Rato, left,   and British chancellor of the Exchequer Gordon Brown address a press briefing on the meeting of the International Monetary and Financial committee of the IMF Sunday Sept. 17, 2006 in Singapore.  De Rato said he saw "broad consensus" that the 184-member body would approve a reform plan to boost the voting shares of  China, South Korea, Turkey and Mexico _ despite opposition from several countries.    (AP Photo/Ed Wray)SINGAPORE (AP) - IMF chief Rodrigo de Rato said Sunday he saw "broad consensus" that the 184-member body would approve a reform plan to boost the voting shares of China and three other emerging economies — despite opposition from several countries.

The International Monetary Fund's 184 members are voting on the proposal to boost the voice of China, South Korea, Turkey and Mexico as the first part of two-step reform plan to reflect those nations' growing share in the global economy.

Later, the IMF plans to rework the quota formula for all members.


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