CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
China backs IMF voting changes
Finance minister says more is needed to strengthen rights of developing regions.

HANOI, Vietnam (Dow Jones) -- China supports proposed changes to the International Monetary Fund' s voting rights system but they don' t go far enough to empower some developing regions, China' s finance minister said Thursday.

" We welcome the changes as a good start," Jin Renqing said on the sidelines of the 13th annual meeting of Asia-Pacific Economic Cooperation finance ministers.

" But it doesn' t strengthen the rights of the developing regions, especially Africa, enough," Jin said.

The IMF executive board has recommended two phases of reform to its board of governors, which is expected to vote on the proposals at the fund' s annual meeting Sept. 19-20 in Singapore .

Initially, the IMF would grant a greater role to China , Turke , Mexico and South Korea - countries considered to be the most underrepresented. Over two years, the fund also plans to reconfigure voting shares for other members, including poor African nations and fast-growing countries such as Malaysia and Indonesia .

-By Denis McMahon, Dow Jones Newswires; +86 1381 897 1542; denis.mcmahon@ dowjones.com (END) Dow Jones Newswires 09-07-06 0312ET Copyright (c) 2006 Dow Jones & Company, Inc. Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.