Reuters Business News: IMF avoids specific proposal as quota talks start - MSN Money
Reuters Business News: IMF avoids specific proposal as quota talks start - MSN Money
The proposal is the beginning of what is likely to be a protracted negotiation over a new voting formula that would reflect the rise of emerging economies powers in Asia Latin America and elsewhere. An IMF staff paper circulated ahead of Monday’s meeting and obtained by Reuters avoided the thorny issue of a specific proposal for a new formula.