Economic

IMF reforms clear last hurdle with US adoption

The US Senate has adopted long-awaited reforms to give emerging economies a greater say in how the International Monetary Fund (IMF) is managed.China’s voting rights will rise to 6%, from 3.8% and IMF resources will double to about $660bn (£440bn).This is the biggest shake-up since the IMF and the World Bank were set up to manage the post-World War Two economy.

Source: IMF reforms clear last hurdle with US adoption – BBC News

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