(Fixes typo in first name of Indian finance minister in
paragraph 6)
* Emerging powers seek to extract concessions on vote
reforms
* Hold off on announcing IMF funds until June
* Pressure on U.S. to ratify 2010 IMF voting changes
By Lesley Wroughton
WASHINGTON, April 22 (Reuters) – Fresh from a big victory in
raising $430 billion for the International Monetary Fund,
Christine Lagarde’s tougher test as head of the global lender
will be finding a way to give emerging economies more influence.
To do this, the former French finance minister will need to
convince the Fund’s dominant powers – the United States and
Europe – to sign off on voting reforms agreed in 2010 and accept
further changes by January 2014.
When Lagarde passed around the hat among finance ministers
last week to raise funds to contain the euro zone’s debt crisis,
China, India, Brazil and Russia said they would be part of the
effort but chose not to announce each of their contributions
until a June summit of the Group of 20 leading economies.
Europe may have to yield something in return.
Continued…
