<p>Finance Minister Pranab Mukherjee would leave for the United States on Tuesday on a five-day visit to take part in IMF and World Bank spring meetings, amid demand by the BRIC (Brazil, Russia, India and China) grouping for more voting power in return for a larger contributions requested by the International Monitory Fund.<br /><br /></p>.<p>The multilateral body needs more monetary firepower to deal with the current euro zone crisis and its possible impact on other economies of the world.<br /><br />Emerging economies are willing to provide more money for the IMF war chest, but they want greater voting power in return and it is gradually turning out to be a topic of major debate among the member countries as the deadline to carry out voting reforms is just a year away. <br /><br />IMF funding is also likely to be discussed jointly by the Group of Seven wealthy nations and the G-20 countries during the meetings of which Mukherjee will be a part, sources here said, adding India along with emerging economies may look for any funding commitment eventually tied to greater IMF voting power.</p>
<p>Finance Minister Pranab Mukherjee would leave for the United States on Tuesday on a five-day visit to take part in IMF and World Bank spring meetings, amid demand by the BRIC (Brazil, Russia, India and China) grouping for more voting power in return for a larger contributions requested by the International Monitory Fund.<br /><br /></p>.<p>The multilateral body needs more monetary firepower to deal with the current euro zone crisis and its possible impact on other economies of the world.<br /><br />Emerging economies are willing to provide more money for the IMF war chest, but they want greater voting power in return and it is gradually turning out to be a topic of major debate among the member countries as the deadline to carry out voting reforms is just a year away. <br /><br />IMF funding is also likely to be discussed jointly by the Group of Seven wealthy nations and the G-20 countries during the meetings of which Mukherjee will be a part, sources here said, adding India along with emerging economies may look for any funding commitment eventually tied to greater IMF voting power.</p>
