www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Markets

Industries

Insights

Reports

Events

China to be 'fairly, fully represented' in World Bank, IMF

(Xinhua)
Updated: 2009-04-27 15:56

World Bank President Robert Zoellick said on Sunday that he believes China and other rising economies will be "fairly and fully represented" in World Bank and International Monetary Fund (IMF) shares.

"It is time to change the shares," Zoellick told a press briefing at the World Bank and IMF spring meetings held in Washington.

He said "when the Chinese representative speaks, people aren't counting their number of votes, looking what China brings to the table, which is a combination of its development experience, resources, growing influence and investment."

Related readings:  WB welcomes China's investment in Africa  Stability, growth, jobs = $1 trillion  China finds way to raise stature in world finance at G20  'Use IMF bonds cash to fight crisis'

"So in that sense, I think the developing countries are getting their due not because some one giving their shares, but because they owned it through they have accomplished."

But he also reminded the international community not to "lose sight of the poorest."

"It's not only the question of the size of economy, but engaging all the players in the multilateral system," the World Bank president said, citing the institution has added a 25th seat for the sub-Saharan Africa in its first round of reform.

"I think that is just as important as representing the rising powers," he said. The current spring meeting of the World Bank and its sister institution IMF, held on Saturday and Sunday in the US capital, is the largest world gathering since the G20 Summit meeting in London in early April.

Finance ministers and central bank presidents from all over the world assembled to seek the ways to better combat the current global financial crisis, which, according to both the World Bank and the IMF, is far from over despite the recent signs of stabilization.