A small committee has been set up to investigate whether to reform the IMF‘s formula for allocating votes between countries on its Board. The quota formula includes items which are subjective and are biased against developing countries which want to see more weight given to national income and population. The committee will report to the Board this summer.
New report reveals IMF policy in the MENA region has remained unchanged after the 2011 Arab uprising, despite its rhetoric for change towards inclusive growth.
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