Britain Willing to Give Japan Its No. 2 IMF Rank
Britain is willing to let Japan, the world’s second-largest economy, take its place as the second-ranking shareholder in the International Monetary Fund, a British Treasury spokesman said Wednesday.
Japan, which now holds fifth place in the Washington-based agency in which the United States is the largest shareholder, has long been pushing for a higher IMF ranking to reflect its growing economic strength.
Under the British proposals, which could be discussed at a Jan. 25 meeting of the IMF’s policy-making Interim Committee, Britain would drop to fourth place.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
