Imf Quota Reform

Recent work by the Fund also points to the need for realigning quota shares to reflect the changed economic realities, he said further.

A day after India pitched for further quota reforms at the International Monetary Fund (IMF) to reflect global economic realities, its chief Christine Lagarde on Sunday said a round of quota reforms has just been completed and there has to be some breathing space before the next round is taken up.

India and UK today welcomed the passing of IMF quota reforms by the US Congress saying this will make the multilateral institution stronger and more legitimate.

India and UK on Wednesday welcomed the passing of IMF quota reforms by the US Congress saying this will make the multilateral institution stronger and more legitimate.

Amid a demand for more say of developing nations in the International Monetary Fund, Prime Minister Narendra Modi has expressed hope that the United States would ratify the quota reforms of the multilateral lending agency at the earliest.

Amid clamour for more say of developing nations in the IMF, Prime Minister Narendra Modi on Monday expressed hope that the US would ratify the quota reforms of the multilateral lending agency at the earliest.

The government has voiced strong reservation to delay in implementation of the quota reform of the International Monetary Fund with Finance Minister Arun Jaitley saying the IMF will be constrained in meeting its obligations in the absence of governance reforms.

The Finance Minister in his capacity as India's Governor on Board of Governors of IMF and the World Bank, leads the Indian delegation, the Finance Ministry said in a statement.

The IMF quota reforms seek to provide greater say to emerging economies including India and China at the Fund, where the US and large European countries command high influence.

The government has expressed deep disappointment over the non-implementation of International Monetary Fund (IMF) quota and governance reforms that would give it a greater say in the global crisis lender, matching the country's growing economic might.

Pressed by the government for a greater say, the International Monetary Fund (IMF) on Monday promised to look into alternatives to make the country a top ten shareholder as the US was "not ratifying" the quota reforms at the multilateral lending agency.

Satisfied with the outcome of G20 meeting, Finance Minister P Chidambaram today said India's concerns with regard to withdrawal of US stimulus and the need to expedite IMF quota reforms have been taken on board by the group of rich and developing nations.

"We are disappointed that the deadline for the 2010 Quota and Governance Reform of the Fund has not been met. There is no clarity, even after the passage of a year, as to when this will be finally achieved," Mr Chidambaram said during his intervention at the annual plenary meeting of the IMF Committee yesterday.

India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October.

India is set to become the eighth largest shareholder in the IMF after quota reforms finalised in October.

Recent work by the Fund also points to the need for realigning quota shares to reflect the changed economic realities, he said further.

A day after India pitched for further quota reforms at the International Monetary Fund (IMF) to reflect global economic realities, its chief Christine Lagarde on Sunday said a round of quota reforms has just been completed and there has to be some breathing space before the next round is taken up.

India and UK today welcomed the passing of IMF quota reforms by the US Congress saying this will make the multilateral institution stronger and more legitimate.

India and UK on Wednesday welcomed the passing of IMF quota reforms by the US Congress saying this will make the multilateral institution stronger and more legitimate.

Amid a demand for more say of developing nations in the International Monetary Fund, Prime Minister Narendra Modi has expressed hope that the United States would ratify the quota reforms of the multilateral lending agency at the earliest.

Amid clamour for more say of developing nations in the IMF, Prime Minister Narendra Modi on Monday expressed hope that the US would ratify the quota reforms of the multilateral lending agency at the earliest.

The government has voiced strong reservation to delay in implementation of the quota reform of the International Monetary Fund with Finance Minister Arun Jaitley saying the IMF will be constrained in meeting its obligations in the absence of governance reforms.

The Finance Minister in his capacity as India's Governor on Board of Governors of IMF and the World Bank, leads the Indian delegation, the Finance Ministry said in a statement.

The IMF quota reforms seek to provide greater say to emerging economies including India and China at the Fund, where the US and large European countries command high influence.

The government has expressed deep disappointment over the non-implementation of International Monetary Fund (IMF) quota and governance reforms that would give it a greater say in the global crisis lender, matching the country's growing economic might.

Pressed by the government for a greater say, the International Monetary Fund (IMF) on Monday promised to look into alternatives to make the country a top ten shareholder as the US was "not ratifying" the quota reforms at the multilateral lending agency.

Satisfied with the outcome of G20 meeting, Finance Minister P Chidambaram today said India's concerns with regard to withdrawal of US stimulus and the need to expedite IMF quota reforms have been taken on board by the group of rich and developing nations.

"We are disappointed that the deadline for the 2010 Quota and Governance Reform of the Fund has not been met. There is no clarity, even after the passage of a year, as to when this will be finally achieved," Mr Chidambaram said during his intervention at the annual plenary meeting of the IMF Committee yesterday.

India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October.

India is set to become the eighth largest shareholder in the IMF after quota reforms finalised in October.