PBoC chief urges Asian nations to push for IMF quota reform
Pan Gongsheng says a redistribution of quotas at the IMF is long overdue
People’s Bank of China governor Pan Gongsheng has called on Asian countries to push for reforms to the International Monetary Fund’s quota system that would give them more sway at the institution.
“The current quota share has been long overdue in reflecting members’ relative weight in the world economy,” Pan said at the Boao Forum held in Hainan on March 27.
Pan said there was an urgent need for “realigning” IMF members’ quota shares to improve the fund’s governance and capacity.
The PBoC governor
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