Louise Egan and Anna Yukhananov
April 12, 2014
Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so.
The inability to proceed with giving emerging markets a more powerful voice at the IMF and shoring up the lender’s resources appeared the most contentious issue for officials from the Group of 20 leading economies and the representatives for all IMF member nations who met with them.
In a final communiqué, G20 finance ministers and central bankers said they were “deeply disappointed” with the delay.