China ready to contribute more to IMF
28-03-2009
China says it's ready to contribute more money to the International Monetary Fund but wants changes in the body's governance structure. Vice Premier Wang Qishan wrote in the British newspaper The Times that the IMF should raise the money through voluntary contributions or its quota system but if that failed the IMF could issue bonds, and China would be a buyer. The offer comes ahead of next week's London summit of leaders of the Group of 20 major economies on the global financial crisis. Mr Wang said global financial reforms should focus on "readjusting the governance structure of international financial institutions" - a reference to Beijing's demand for a bigger voice in the IMF, the World Bank and other bodies.
