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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (66222)	9/19/2010 12:16:42 PM
From: elmatador	1 Recommendation Respond to of 218675

"what will China's future look like?" Will take major quota in the IMF, emerging markets will have their raised too. Minnow countries -punching above their weights- will be cut down to size. Then something starts being done about currencies. Let's see what is agreed in Seoul at the next G-20 gathering. IMF Seen Hiking China, India Quotas A member nation's quota at the IMF determines its share of votes The International Monetary Fund will likely raise China's membership quota to as much as 6 percent from 3.9 percent now, putting it in line with Japan, the Nikkei business daily reported on Saturday. The IMF is also set to raise quota subscriptions for other emerging nations such as India, South Korea, Indonesia and Brazil to reflect their enhanced economic standing, while reducing that of some European nations, the paper said. The IMF's Executive Board is expected to meet by November to reach a broad agreement on specific changes, which will likely be implemented next year, the paper said. IMF quotas are assigned based on gross domestic product, openness, economic viability, and international reserves. The current quota favours founding members Germany, France and Britain, ranking them third, fourth and fifth behind the United States and Japan. China is expected to surpass Japan as the world's second-biggest economy this year. A member nation's quota at the IMF determines its share of votes. The top five members also have the power to appoint Executive Board directors.