Quote:

http://english.capital.gr/News.asp?id=15....
Saturday, 14 July 2012

WASHINGTON--Turkey and Poland will for the first time hold seats on the International Monetary Fund's executive board under a political agreement reached in recent weeks, according to people involved in the matter.

Although the two countries will share their seats on a rotating basis with other countries, the deal represents an ongoing shift in power that gives emerging economies greater power at the world's emergency lender. The stronger say comes at Europe's expense and after many emerging markets vowed to help boost the IMF's lending ability amid the ongoing euro-zone debt crisis.

"It's a substantial step to give emerging economies a bigger role on the board and the decision making" an official at the IMF told Dow Jones Newswires.

Another official at the IMF called the new board-seats agreement "a big reform in the IMF."...