IMF Reforms: India, China, Brazil, Russia get more voting rights

International Monetary Fund’s (IMF’s) long-pending 2010 Quota and Governance Reforms have finally become effective. These proposed reforms are the biggest change in the governance of the IMF (lender of last resort) since it was established after World War II in 1945 after the Bretton Woods Conference. Key facts Gives boost the representation of emerging economies ..

Month: Current Affairs - January, 2016

Topics: Brazil • China • Current Affairs 2016 • IMF Reforms • India • Russia

US Senate ratifies IMF reforms as part of a Budget Bill

The United States (US) Senate has ratified reforms in the International Monetary Fund (IMF) to boost the representation of emerging economies as part of a budget bill. The reforms ratified in the legislation are in line with the proposed 2010 Quota Reforms and now it will go to President Barack Obama for assent. These proposed ..

Month: Current Affairs - December, 2015

Topics: Current Affairs 2016 • IMF • IMF Reforms • International • United States