Banker: Delays by US frustrate IMF members

Quota reforms' quick passage is 'highest priority' after five years of political stalemate in Congress

Members of the International Monetary Fund are frustrated by the long-delayed 2010 quota reforms and urge quicker passage, Zhou Xiaochuan, governor of the People's Bank of China, said on the sidelines of the World Bank-IMF Spring Meetings over the weekend.

"The 2010 quota reform has been delayed for so long. IMF members are not simply disappointed, but frustrated," Zhou said. "The interim plan should not be an alternative to the original reform program. We are pushing for fully implementing the 2010 quota reform."