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Istanbul - US Treasury Secretary Timothy Geithner is urging the IMF to implement reforms that would give emerging market and developing countries more say in the financial institution.
In a statement Sunday, Geithner noted that G20 countries had committed to shift some control in the International Monetary Fund from countries with strong representation to those with little input.
Geithner says the IMF should now provide scenarios of how the proposed change - at least 5% of voting power - could be implemented.
The remarks came at the IMF's annual meeting, held this year in Istanbul. They followed a decision at a Pittsburgh forum that the G20 nations would become the world's main economic decision-making forum, effectively taking over the role of the G7 group of rich countries.
- AP