"We deeply regret that the IMF quota and governance reforms agreed to in 2010 have not yet become effective," the G-20 members said in a communique released after they wrapped up their two-day meeting in
"Our highest priority remains ratifying the 2010 reforms, and we urge the U.S. to do so before our next meeting in April," they added.
IMF Managing Director
In 2010, the IMF member economies agreed on a set of reforms to shift 6 percent of voting rights to developing economies through redistribution of quotas and the number of board members, given the growing clout of these countries in the global economy.
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