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You're reading: G20 will agree new formula for calculating IMF quotas when Russia chairs – Putin
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“We think that at the upcoming Russian summit the G20 will be able to
agree proposals for a new formula for calculating quotas that will take
full account of the modern distribution of forces in the global
economy,” Putin said during a meeting with G20 finance ministers and
central bank managers in Moscow.

The head of state said that the modern world financial architecture is in need of realignment, including at the IMF.

“In this connection, the G20 decision at the Seoul summit on
reforming the distribution of quotas and votes at the IMF absolutely
must be fulfilled,” Putin said.

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