Business

Indonesia promote reform of IMF: Finance Minister

Jakarta,November 13: Finance Minister Bambang Brodjonegoro said on Friday that IMF reform was on Indonesia's agenda for the two-day meeting of the Group of 20 in Turkey.

Indonesian President Joko Widodo is scheduled to attend the G20 summit.

"The IMF is in the middle of a reform to make more room for emerging markets, but this has been neglected due to no approval from the United States," Brodjonegoro said.

"Indonesia urges and pushes for the reform to continue," he said, without addressing the comment directly to the US

In 2010, plans were agreed on for giving emerging markets more voting power and doubling the IMF's resources, but the US Congress has not approved the changes.

On Tuesday, China said it was working with other emerging countries to urge the US to ratify the IMF reforms 


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