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Countries like China, Brazil and India whose economies have grown significantly faster than those of developed nations - have long clamoured for a re-division of quotas to reflect their growing heft.
BENGUERIR US Treasury Secretary Janet Yellen said on Tuesday she backed efforts to boost the lending firepower of the IMF and World Bank to combat poverty and climate change.Speaking on the sidelines of the IMF-World Bank annual meetings in Morocco, Yellen said the global lending system had already changed over time to face new challenges. “It must change again to meet the
World Bank seeks to become a bigger bank with larger funding capacity thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.