Exclusive-IMF sees support for funding increase without shareholding changes
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2023-10-11 03:55
MARRAKECH, Morocco The International Monetary Fund said on Tuesday that it is seeing "significant support" for a U.S.-backed

MARRAKECH, Morocco The International Monetary Fund said on Tuesday that it is seeing "significant support" for a U.S.-backed increase in quota lending resources without changes to its shareholding structure at IMF and World Bank meetings in Morocco.

But IMF Managing Director Kristalina Georgieva told civil society groups that she wants to set a deadline for a "necessary realignment" of the crisis lender's shareholding structure that would reflect the growth of larger emerging market economies.

(Reporting by David Lawder)

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