An annual meeting of the Heads of the International Monetary Fund (IMF) and the Group of Banks of the World Bank, which began in Singapore on 19 September, has decided to inject changes into the system of management, Trend reports. In particular, it was decided to increase the quotes of China, South Korea, Mexico and Turkey.
Samir Sharifov, the Azerbaijani Finances Ministry, who is participating in the meeting, said that the rise in the quotes in the IMF enables the member-countries to obtain wider opportunities to influence the decision by this financial organization. The increase of the quotes of China, South Korea, Mexico and Turkey confirms an increase of the economy of these countries. The fluctuation of quotes opens a path for further reconsideration of quotes for the rest of the IMF countries. The increase of the Country's economy in the world economy is fair and meets Azerbaijan's interests, taking into consideration the high growth rate of the country's economy.
During the gathering Sharifov plans to hold meetings with the Heads of the IMF, the WB and the International Finance Corporation.