Europe has conceded its overrepresentation within the structure of the International Monetary Fund (IMF), allowing emerging nations a louder voice and a real place at the table on the board of the organisation set up some 60 years ago to oversee the world's financial system.
Finance ministers at the Group of 20 nations summit in Gyeongjiu, South Korea, on Saturday (23 October) agreed to the changes, which will see a shift in five to six percent of the votes within the institution toward...
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