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MARRAKECH: IMF members are working overtime to work out a communique at the end of the meeting, amid concerns among European countries over the Ukraine-Russia conflict and demands from China to discuss the issue of higher quotas.
While the G20 finance ministers and central bank governors managed to issue a communique, following acceptable language being worked out by the leaders in New Delhi, some of the European countries are not comfortable with the language being used in the IMF communique. A source said China, too, is unhappy with the absence of discussion on reworking of quotas, which will give it more vote share. India and the US, along with several European countries, are not seen to be in favour of the move.
While the G20 finance ministers and central bank governors managed to issue a communique, following acceptable language being worked out by the leaders in New Delhi, some of the European countries are not comfortable with the language being used in the IMF communique. A source said China, too, is unhappy with the absence of discussion on reworking of quotas, which will give it more vote share. India and the US, along with several European countries, are not seen to be in favour of the move.
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