FOLLOWING a full day of meetings on Wednesday last week, the annual summit conference between the International Monetary Fund (IMF) and the World Bank agreed to the quotas and votes of China, Turkey, Mexico and South Korea. As many as 166 of the 184 countries attending agreed to the proposal made by developing countries during the summit conference at Singapores Suntec Convention Hall.

China obtained the largest quota with 3.65 percent, or an incr