European Finance Ministers Discuss Plan to Keep Clout at IMF

European finance ministers meeting today will seek to seal an agreement that protects their clout at the International Monetary Fund while making room for emerging economies such as Turkey at the executive board.

Advanced European economies, under pressure from the U.S. to reduce the number of their seats on the IMF board, would share access with Poland and Turkey under plans being discussed, European officials involved with the talks said. Mexico and Venezuela would split a board seat that they previously shared with Spain, they said.