US treasury Secretary urges IMF reforms

In a statement on Sunday, Geithner noted that G-20 countries had committed to shift some control in the International Monetary Fund from countries with strong representation to those with little input.

Geithner says the IMF should now provide scenarios of how the proposed change — at least 5 per cent of voting power — could be implemented. The remarks came at the IMF’s annual meeting, held in Istanbul.

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