Riyadh looking for a bigger say in IMF

Finance minister Ibrahim Bin Abdelaziz Al-Assaf had another opportunity to push Saudi Arabia’s ambition to have a greater say in the International Monetary Fund (IMF) when he met its managing director, Christine Lagarde, on 6 October in Riyadh. With the IMF/World Bank Annual Meetings taking place in Tokyo on 9-14 October, Riyadh is expected to fight an unusually public battle to protect (and, it hopes, to expand) its quota share, which is currently 2.93% of total SDRs (compared to 17.69% for the US), but is slated to diminish under ongoing reforms.