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Emerging Nations Set to Gain IMF Sway as U.S. Impasse Eases

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U.S. lawmakers are poised to give emerging economies more of a voice at the International Monetary Fund, ending a five-year impasse that fed criticism of the American-led global monetary order by China and other countries.

House and Senate negotiators on a $1.1 trillion spending plan included language implementing the IMF change, according to the text of the bill. That gives the IMF provision a strong chance of passing Congress later this week and being signed into law by President Barack Obama.