IMF chief supports giving China greater voting rights

Backed by Kristalina Georgieva

International Monetary Fund managing director Kristalina Georgieva has backed reforms to give China more voting power in decisions made by the institution.

In an interview with the FT, Georgieva said the IMF must adapt "to reflect how the world economy is changing", in a veiled reference to China having only 6% voting power while being a global and economic superpower. Reforms to funding are necessary to avoid the "devastation" that would be wrought if the IMF remains without adequate financial resources to aid struggling countries, she said.  IMF: Weak growth will drag down interest rates However, Georgieva noted she is "optimistic that we will go there", in reference to voting changes, and pointed to the way the IMF "has been able t...