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Japan set to remain IMF's 2nd-largest stakeholder
video The International Monetary Fund is set to approve a plan to boost its lending resources. It calls for increasing each member's quota while keeping shareholder proportions, meaning Japan would remain the number-two stakeholder. The IMF's executive board in November endorsed a proposal to increase quotas for members by 50 percent. It would allow the IMF to expand assistance to heavily indebted countries. Members are expected to vote on the proposal by December 15th. It will be formally approved with 85 percent or more of the total voting power. 190 members will get to vote. The IMF will not change members' ... (full story)