The International Monetary Fund strongly urged the United States on Saturday to ratify its 2010 quota and governance reforms as soon as possible amid strong discontent among members, especially emerging economies.
"We remain deeply disappointed with the continued delay" in moving forward the reforms aimed at granting more power to emerging economies, the International Monetary and Financial Committee (IMFC) said in a communique released after its meeting in Washington.
"Recognizing the importance of these reforms for the credibility, legitimacy, and effectiveness of the IMF, we reaffirm that their earliest implementation remains our highest priority," the IMF's policy-setting body said.