US treasury secretary urges IMF reform
"Quota reform is crucial for increasing the legitimacy and effectiveness of the Fund," the committee said in a statement. It planned to review progress at its next meeting in Washington on April 24, and sought an agreement on the voting shift by January 2011. The change would then be subject to approval by the legislatures of some member countries.
"This is a process that will take time. It won't happen overnight," said committee chairman Youssef ...
Full Story »
