IMF chief Dominique Strauss-Kahn. –Photo by AFP
WASHINGTON: China and India received long-sought recognition Friday as global economic heavyweights as the International Monetary Fund gave them and other emerging powers a significantly larger role in stabilizing the world economy.
IMF chief Dominique Strauss-Kahn announced planned reforms to the fund’s voting power after a meeting of the organization’s board, declaring that no longer would emerging economies feel that they are ‘‘invited to the table, but minor players.’’
