Saturday, August 26, 2006


At the IMF, which comprises 184 countries, a member nation's quota determines the share of its voting power and is set in line with the size of its economy.

Quotas have remained low for many emerging countries in Asia, including China, despite the rapid expansion of their economies.

Japan has thus called for boosting such countries' quotas, to give them greater voting power reflecting their growing economic presence.(mainichi)
foreign dispatches

By Yoon Ja-young
Staff Reporter

Korea will have a greater voting stake in the International Monetary Fund (IMF) soon, meaning the country will have more say in running the organization.

The IMF said its board agreed on Wednesday that Korea, along with China, Mexico and Turkey, should see ad hoc increases in their quotas, or voting shares. The organization would determine how much increase each country would acquire at its annual meeting scheduled to be held in Singapore next month.korea times

No mention about what Japan did behind the scenes.

Here is today's news from Ghana.

Japan grants $5.8m for rural electrification

Accra, Aug, 24, GNA - Ghana and Japan on Thursday repeated their commitment to work to bring about enhanced development, reduce poverty and improve the lives of the rural poor.

The normal country report what Japan did in favor of the country, sometimes it express an address of gratitude,but Korea somehow forget it.

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