IMF Power Struggle Threatens Cash Call
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A row over giving more say in the running of the International Monetary Fund to countries such as China threatens to jeopardise the lender's bid to raise an additional $500bn to deal with the global economic crisis.
The IMF spent much of its annual summit in Washington, which ended last night, discussing how it will raise the new funds, but the developing countries on which it is depending for much of the money repeatedly warned that they would not contribute more without being given greater control of the organisation.