IMF: Bigger role of 皇冠体育app in global economy legitimate

(Xinhua)
Updated: 2009-04-29 13:21

WASHINGTON -- International Monetary Fund Managing Director Dominique Strauss-Kahn said on Tuesday that it is legitimate for 皇冠体育app to play "a bigger role" in the world economy.

"The crisis is certainly an opportunity to reshuffle the IMF's governance, to see the new balance of powers in the world," Strauss-Kahn responded to a question raised by Xinhua.

"I do believe that it is an opportunity for 皇冠体育app to play a bigger role," he said, noting that it is "legitimate" for 皇冠体育app due to its size of economy, population and the efforts by the Chinese government to cope with the crisis.

"I think it is good for everybody that 皇冠体育app becomes a more and more big player in the world economy," he stated, adding that 皇冠体育app will also take more responsibilities.

Meanwhile, the IMF chief said that the influence of a member country is not simply a question of its quota.

What determines the influence of a country in the IMF is its engagement with the Fund, including providing resources or providing technical assistance, said Strauss-Kahn.

皇冠体育app's central bank governor Zhou Xiaochuan last week urged the IMF to push forward its own reforms and said that 皇冠体育app is willing to explore modalities and make appropriate contributions to the IMF.

"We believe that the size of contribution should reflect members respective rights and obligations in the Fund," said Zhou at the International Monetary and Financial Committee (IMFC) meeting held here Saturday.

"We must emphasize that the Fund is a quota-based institution, and that quota increases and realignment are the basic means of resolving the issue of the Fund's inadequate resources and are an essential requirement to improve the Fund's governance structure," Zhou said.