The beginning of IMF quota reform

International Monetary Fund (IM F) Executive Board of the Beijing 6 to share and governance reform programs agreed. Share reform is completed, China's share increased from the current 3.72% 6.3 9% of voting rights will also benefit from the current 3.65% to 6.07%, surpassing Germany, France and the United Kingdom, ranked the United States and Japan, by international organizations in the greater voice.

Under the program, "BRIC" (China, India, Russia, Brazil) will among the top ten. India's share increased by 0.309 percentage points to 2.751 percent, from 11 to No. 8, Russia by 0.212 points to 2.706 percent, from No. 10 to No. 9, Brazil by 0.533 percentage points to 2.316 percent, from 14 to No. 10. Meanwhile, the European Executive Board in the IM F to the two seats for emerging markets and developing countries representation in the Executive Board.

Although the IM F's Strauss-Kahn will be the share of reforms known as "IM F 65 years established the most important governance reform program", but analysts believe that this is just the IM F can only be seen as a beginning of reform share, in the decisions on important issues, the developed countries are still difficult to contend with the advantage of developing countries, such as one-vote veto. In fact, many countries have the world believe that IM F's share of the calculation method and the governance structure needs reform.

According to the Associated Press reported that the British Oxfam said that the current shift to emerging economies, the share was not enough, the Philippines, population about 200 times in Luxembourg, but not as good as its share of more than Luxembourg. Canadian Finance Minister Flaherty said recently in improving the IM F internal governance issues need to reform the IM F's effectiveness, credibility and legitimacy. In his view, it is necessary to add IM F's affairs ministerial participation, further defined the governance structure of IM F roles and responsibilities of each agency, according to an open, transparent and performance-based criteria to select the senior management, rather than blindly into account the candidate's nationality.