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Global economic meet ends with push for trade talks
Singapore, Sep 21 (DPA) The International Monetary Fund (IMF) and World Bank ended their annual meetings Wednesday with an appeal for a relaunch of global trade talks to bolster economic growth in rich and poor nations.
All countries must join forces to combat the "rising tide of protectionism," said IMF Managing Director Rodrigo de Rato in his concluding address.
Rato also promised to deliver on promises for a wide-ranging shake-up of IMF voting rights to reflect the growing economic clout of emerging nations.
Having decided an immediate ad-hoc increase in voting shares for China, South Korea, Turkey and Mexico at the Singapore meeting, IMF members must now prepare for the more difficult task of thrashing out a new formula for calculating voting quotas for all emerging nations, Rato said.
Referring to opposition to some of the reform ideas from India and several key Latin American states, Rato promised to "reach out to all members" on the revamp.
World Bank President Paul Wolfowitz vowed to pursue his anti-corruption agenda but said he would work in "partnership" with governments.

