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Today: January 21, 2025
Today: January 21, 2025

Exclusive-IMF sees support for funding increase without shareholding changes

Second day of the International Monetary Fund and the World Bank meeting in Marrakech
April 26, 2024
Reuters - Reuters

MARRAKECH, Morocco (Reuters) - 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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