IMF ‘cannot force US’ over reforms

IMF chief Christine Lagarde has said there is not much she can do to push reform and give emerging economies a bigger say without the support of the US.

China in January called on IMF member nations to stick to a commitment to give emerging markets more power at the global lender after US politicians set back historic reforms that would give developing countries a greater say.

The remarks by China’s foreign ministry were an indirect criticism of the US, where politicians that month failed to agree on funding measures needed for reforms to move forward.