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IMF head backs reforms that could give China more voting power

Kristalina Georgieva steps up push for more resources to deal with economic problems across the globe
Kristalina Georgieva said: ‘The role of the fund inevitably has to change because the world around us is changing’

The head of the IMF has backed reforms that could give Beijing more voting power within the fund, warning of “devastation” if her institution remains without adequate financial resources to aid struggling countries.

In an interview with the Financial Times, Kristalina Georgieva called for the IMF to better represent changes in the global economy over the past decade, which include the rise of China.

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