“A deal to double the IMF’s resources between its 188 members was first struck in April 2009 when Gordon Brown hosted the G20 summit in London. It was formalised in November the following year, and wrapped up with governance reforms to give developing economies more seats on the managing board.  But the Obama administration is believed to be dragging its feet because the agreement would formally release roughly $55bn to the IMF that its political opponents could paint as bail-out funds for the eurozone. With just a month to go before the presidential elections, the sign-off comes at a sensitive time.”

http://www.telegraph.co.uk/finance/financialcrisis/9601631/Global-spat-erupts-over-power-of-developing-countries-at-IMF.html

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