The call comes as policymakers the world over are struggling to revive their economies, which have been buffeted by slowing productivity and high debt
More than 6% of quota shares would shift to dynamic emerging markets and developing countries.
India is better placed among other major countries, says IMF's Jose Vinals
The Cabinet also gave its approval for providing a special swap of $700 million to Sri Lanka for a period of 3 months
Says vulnerabilities in corporate financial positions and public bank asset quality pose risks to the economic recovery
IMF's financial counselor said corporate profitability is at a 10-year low with state-run banks posing major problems
IMF's financial counsel's comments come at a time when the fund has been asking policymakers to take steps to strengthen their economies
Meant to counsel Delhi and other South Asian capitals, bringing more expertise in an economic crisis; agreement likely this week
The yuan will be included alongside the dollar, the euro, the yen and the pound
Crude prices have plunged around 70% over the past 18 months to around $35 a barrel.
IMF says Indian corporates now are some of the most leveraged across emerging markets
Indian government has taken some positive policy actions in terms of inflation targeting, subsidies and land and labor market reforms, said IMF
The reforms have become even more pressing given the disappointing state of the global recovery.
The global crisis lender yesterday said world growth had slowed and could be derailed
Governments may need to create new financing mechanisms to help emerging markets and commodity exporting countries, the IMF said