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Article: Min. Jin Demands More Voting Quotas for Developing Nations in IMF.
- Article from:
- Korea Times (Seoul, Korea)
- Article date:
- January 15, 2001
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KOBE (Special) ---- Finance and Economy Minister Jin Nyum yesterday called for more voting quotas for developing countries within the International Monetary Fund (IMF) in accordance with their strengthened economic power.
At a meeting of finance ministers from the Asia-Europe Meeting (ASEM) member countries, held in Kobe, Japan on Saturday, Jin put made the proposal on behalf of Asia's developing countries as a means of strengthening the international financial system.
In the course of reshuffling the international financial system, he said, the positions of developing countries like Korea should be fully reflected.
Jin stressed the need to ...