Brown asks IMF, World Bank to give India bigger role
British Prime Minister Gordon Brown on Monday asked the World Bank, IMF and the rich nations' G-8 club to revamp their structure to reflect India's rising prowess in the global economy. "I support changes to the World Bank, the IMF and G-8 that reflect the rise of India and rise of Asia," he said at a breakfast meeting with Indian and British industry leaders here. He said: "We can and must do more to make our global institutions more representative," and added that the IMF should work with the same independence given to central banks. Note EU-Digest: Mr. Brown also gave strong support for an Indian seat on the UN Security Council.
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