Quota reform [will] shift 6% of current quota to... developing countries
Philadelphia, PA (PRWEB) April 04, 2012
International Monetary Fund Managing Director Christine Lagarde, who rarely gives interviews, sat down with Knowledge@Wharton, the Wharton School’s online journal of research and analysis, for an in-depth discussion of the European recession. Knowledge@Wharton met with Lagarde in her Washington, D.C. office in collaboration with ParisTech Review. In the interview Lagarde notes that IMF reforms will shift 6% of current quotas to dynamic emerging and developing countries, "Clearly, the BRICs will be among the recipients of these additional quotas," which cover voting power and financial contributions. The article delves into Lagarde's delicate task of restructuring the IMF so that fast-growing emerging economies have a voice in the institution that is commensurate with their increasing economic clout, without alienating other member countries.
Christine Lagarde is the Managing Director of IMF. Lagarde is scheduled to speak at the Associated Press meeting today with others, such as President Barack Obama.
The article, which includes an informative Q&A style interview between Knowledge@Wharton and Lagarde can be read and heard here:
o http://knowledge.wharton.upenn.edu/article.cfm?articleid=2968 http://knowledge.wharton.upenn.edu/article.cfm?articleid=2968 __title__ ](transcript)
o http://knowledge.wharton.upenn.edu/audio/120403_KW_Lagarde.mp3 (audio)
April 3, 2012
Please contact Peter Winicov at 215-746-6471 or winicov(at)wharton(dot)upenn(dot)edu for additional information.