IMF cheif can't do much about reform without US support

International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she should do to push reform at her organisation and give emerging economies a bigger say without the support of the United States, Reuters reported. China in January called on IMF member nations to stick to a commitment to give emerging markets more power at the global lender after U.S. lawmakers set back historic reforms that would give developing countries a greater say. Speaking at Beijing's elite Tsinghua University, Lagarde said this was a matter for the United States to complete the process and ensure that the relevant legislation can be passed. "This is not something I can do much about," she told students. She added that she hoped emerging economies could have a bigger voice within the institution. The reform of the voting shares, known as quotas, cannot proceed without the United States, which holds the only controlling share of IMF votes.