The IMF or China's share of the membership is flat with Japan
Source: Internet
Author: User
Global network reporter Shishan September 19, "Japan's economic news" 18th reported that the International Monetary Fund (IMF) may be China's share of the membership from the current 3.9% to a large increase to 6%, and Japan flat. In addition to boosting China's share, the IMF will also raise the share of emerging economies such as India, South Korea, Indonesia and Brazil, saying it is due to the increased economic strength of these countries and a reduction in the share of some European countries, the report said. MF Executive Board is expected to meet around November to agree on a specific change in the share of its membership, which could be implemented next year. The IMF membership is based on gross domestic product (GDP), openness, economic viability and international reserves, with the current share tilting towards the founding members of Germany, France and the UK, second only to the United States and Japan, the third, fourth and fifth. The IMF's share of the membership determines the voting power of countries, and the five countries with the highest share have the right to appoint executive directors.
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