Major IMF reforms seen at G20 summit

The head of the Asian Development Bank (ADB) has said that he is confident that "substantial agreement on the reform of IMF's representation regime" will be reached at the G20 summit scheduled for April 2 in London.

"I think there will be substantial progress in improving its (the IMF's) representation and governance," Haruhiko Kuroda told China Daily yesterday.

The meeting, to be attended by leaders of major industrialized and emerging economies, aims to address the global financial crisis by coming up with coordinated measures.