- 05/29/2019 at 9:17 pm #1024584EduGorillaKeymasterSelect Question Language :
Direction : Arrange these parts so as to form a complete meaningful sentence/paragraph and then choose the correct combination.
A. Quotas determine the size of contingency funds at the disposal of the IMF to lend to countries in need of help, as well as the power of individual countries to influence lending decisions and tap into the funds themselves.
B. Though developing countries hold less than half the overall quota at the moment, with their rapidly increasing economic heft they have demanded a greater share — with limited success.
C. Finance Minister Arun Jaitley has demanded reforms to the International Monetary Fund’s controversial quota system, shedding light on the problems facing the Bretton Woods institution in today’s global economy.
D. In this context, speaking at the spring meetings of the IMF, Mr. Jaitley reiterated the need to reform the quota system further.
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