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Friday, December 23, 2011

IMF urges members to boost funding under 2010 plan - International Business Times

IMF urges members to boost funding under 2010 plan - International Business Times: The changes to members' quotas, which determine how much each country contributes to the IMF and their voting shares, are critical as a euro zone debt crisis escalates and is set to slow global growth in 2012.

Lagarde said the IMF's 187 countries had until October 2012 to get the necessary votes to implement the 2010 decision to double quotas, which would make China the Fund's third-largest member country.

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