Emerging economies battle for more voting rights at IMF

Independent
"There was some progress at last week’s G20 meeting in Pittsburgh, but until details are agreed, the balance of power between key economic players remains unresolved. Under existing arrangements, the industrialised countries hold 57 per cent of the IMF votes. But the financial crisis has tilted control away from heavily indebted mature economies, such as the US and the UK, in favour of the fast-growing, cash-rich, so-called “Brics” economies of Brazil, Russia, India and China."