China has renewed its push for meaningful reforms to the International Monetary Fund's quota system, urging stronger representation for emerging markets and developing economies amid growing calls to modernize global financial governance.
Speaking at the 51st International Monetary and Financial Committee (IMFC) meeting on April 24-25, Gov. Pan Gongsheng of China's central bank stressed the urgent need to accelerate quota reforms -- a step he described as critical for the IMF's legitimacy, effectiveness and representativeness.
