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IMF to Increase Voting Shares of S. Korea‚ China‚ Mexico & Turkey

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저작자 미상 (저작물 2267374 건)

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공표년도

창작년도

2006-09-06

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With the International Monetary Fund's decision to boost Korea's influence within the organization‚ the country's rank in terms of voting shares has jumped nine notches to 19th place among the 184 member nations.
Fund Director Oh Jong-nam said the greater voting rights will give Seoul more say in key economic decisions such as the policies that member states must adopt to qualify for IMF loans.
The fund recently decided to increase the voting rights of South Korea‚ China‚ Mexico and Turkey‚ to better reflect their rising economic power.
Voting rights of countries in the IMF are determined in part‚ by their quota‚ the amount of money that they put toward the fund.
The reform is expected to be adopted at the fund's annual meeting in Singapore later this month.
Reporter : maryanna@arirang.co.kr

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https://www.kf.or.kr

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