Financial Times: Brown asks IMF, World Bank to give India bigger role
For the complete report from The Economic Times click on this link
Brown asks IMF, World Bank to give India bigger role
British Prime Minister Gordon Brown on Monday asked the World Bank, IMF and the rich nations' G-8 club to revamp their structure to reflect India's rising prowess in the global economy. "I support changes to the World Bank, the IMF and G-8 that reflect the rise of India and rise of Asia," he said at a breakfast meeting with Indian and British industry leaders here. He said: "We can and must do more to make our global institutions more representative," and added that the IMF should work with the same independence given to central banks. Note EU-Digest: Mr. Brown also gave strong support for an Indian seat on the UN Security Council.
