INDIA TO DEMAND ENHANCED ROLE FOR EMERGING MARKETS
MANMOHAN TO ACT AS MENTOR AT G-20 SUMMIT
2010-10-27 13:35
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NEW DELHI: India will strongly demand enhanced role of the emerging markets and developing countries (EMDCs) in the international financial regulatory system at the coming G-20 Summit at Seoul on November 11 and India's stand will be that the International Monetary Fund (IMF) will really be seen to have changed only if the shift comes primarily from the advanced economies to the EMDCs and not mainly by internal readjustment of quota shares amongst EMDCs.