IMF or will the members share in China increased to 6% and Japan fair

September 19, the International Monetary Fund (IMF) or will the members share in China from the current 3.9% increase to 6%, and Japan.

In addition to enhancing emerging countries such as China's share, the IMF also will be lowered from some European countries share. The above message that says this is because of the IMF in recent years strengthened the economic strength of emerging countries, to enable quotas can better reflect the economic reality and make adjustments.

Industrial bank capital Centre Dr Jiang Shu at national business news reporter said the IMF members to increase the share of China, China is to be expected of the subprime mortgage crisis's performance, and overall economic scale, has been able to support China's international organizations in the greater voting rights and take on more responsibility.

Jiang Shu pointed out that the IMF in the past mainly plays an adjustment of the international balance of functions, at present, apart from being an international economic information publishing platform, but also take up to the financial stability of the Member States to provide assistance functions. In a recent Greece sovereign debt crises, the IMF had assistance in Greece $ 40 billion.

Members share in China increased at the same time, the differences between Europe and the United States has continued. Before the reform, the EU around IMF and the United States of both. Now the United States believes that the EU countries in the IMF Executive Board has too many seats, after the EU officials on the United States in IMF veto challenge. Belgium caretaker Cabinet, Deputy Prime Minister and Foreign Minister Steven · Van NAKEL you openly questioned the United States in the IMF's veto. He said: "the United States did in the IMF veto is normal?" at present, the IMF's major policy decisions must obtain 187 member countries is at least 85 per cent of the vote to pass, and the United States have the right to vote 16.74%, meaning that the United States in any one of the major decisions on actual veto.

IMF members share is based on GDP, economic viability, and the international reserves to distribution. The current share of the European countries, founding member of Germany, France and the United Kingdom's share respectively ranked third, fourth and fifth position, second only to the United States and Japan. In contrast, China and other emerging economies in the world economy has not been fully reflected. IMF quota determines the national vote, share in the top five countries have the right to appoint the Executive Director. As the world's second largest economy, China's share in the IMF 3.65% own a Directors seats; and Japan has 6.13% share and a Directors seats. Sources said that China's quota or will increase to 6% to 7%, balanced or will exceed Japan.