G20 nations should develop voting procedures and “metamorphose” to become the governing body of the IMF to enhance its legitimacy and promote balanced world growth, Mervyn King, governor of the Bank of England, said on Tuesday night. Setting out his concerns that the global economic recovery has started to widen trade imbalances, King warned that protectionist forces would rise unless countries tackled unbalanced growth and misaligned real exchange rates.

This entry was posted by Gwen Robinson on Wednesday, January 20th, 2010 at 4:55 and is featured in The 6am Cut London (20 Jan 2010), The 6am Cut London (20 Jan 2010) . Tagged with g20, IMF, mervyn king. Edit this entry.