Finance ministers from the Group of Seven industrial nations are poised to push for a redistribution of voting power within the International Monetary Fund when they assemble in Japan next week, an international financial source said Friday.
They will probably mention in a report to be submitted to their leaders their mutual wish to have voting in the Washington-based IMF better reflect the rising economic power of Asia, the source said.
Senior officials from the G7 — Britain, Canada, France, Germany, Italy, Japan and the United States — are reportedly discussing the exact wording of the report that will deal with IMF voting and other reforms to the global financial system.