The clout of emerging markets at the International Monetary Fund is rising as faster economic growth from China to India in the past few years would boost their voting power, data released by the fund show.
The calculated quota share of emerging and developing economies increased to 45.3 percent in 2011 from 43.9 percent in 2010 and 41.8 percent in 2008, according to a report released today and discussed by the board last month. The share for advanced economies fell to 54.7 percent from 56.1 percent.
Most of the increase is linked to the countries’ gross domestic product, “reflecting a continued marked divergence in growth trends,” between developed and developing countries, according to the staff report. Among emerging countries, “the largest gains continue to be recorded by Asia while most other regions register modest increases.”