IMF promises voting reform

A key panel of the International Monetary Fund said Sunday that it
supports giving more voting power to emerging market and developing
countries, warning that the legitimacy of the institution was at
stake. The group's International Monetary and Financial Committee
said it backs a shift of at least 5 percent of voting power from
countries with ample representation to those with little influence.
The move would seek to reflect changes in the global economy, with
strong growth in countries that once lagged far behind the elite
club of rich nations.