IMF sees strong support for US-backed quota increase, discusses shareholding structure rebalance

The International Monetary Fund said on Tuesday that it is seeing "significant support" for a U.S.-backed increase in quota lending resources without changes to its shareholding structure at IMF and World Bank meetings in Morocco.

UN SECRETARY-GENERAL PREDICTS 'HISTORIC' HUNGER IN POST-CORONAVIRUS WORLD

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, speaks on the second day of the annual meeting of the IMF and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, on Oct. 10, 2023.  (REUTERS/Susana Vera)

But IMF Managing Director Kristalina Georgieva told civil society groups that she wants to set a deadline for a "necessary realignment" of the crisis lender's shareholding structure that would reflect the growth of larger emerging market economies.

CLICK HERE TO GET THE FOX NEWS APP

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.