China wants to play a bigger role in governance of the International Monetary Fund (IMF) and hopes the upcoming G20 summit in Pittsburgh will try to reform its management, a top central banker said today.
Guo Qingping, assistant governor with the People's Bank of China, told a briefing that the summit should "set further specific goals for transferring voting rights from developed countries to developing countries" in international financial institutions.
Brazil, Russia, India and China have proposed a 7 per cent shift in IMF quotas in favour of developing countries, more than the 5 percent the United States is proposing.
Reuters