U.S. Treasury supports increase in IMF quota resources-Shambaugh

The U.S. Treasury will push for a general increase in International Monetary Fund quota resources this year that would be spread evenly across the institution's membership, the department's top economic diplomat said on Thursday. Jay Shambaugh, the Treasury's undersecretary for international affairs, said ahead of a G20 leaders summit in India that the Treasury is also pressing for ways to shore up the IMF's fund for the world's poorest countries, the Poverty Reduction and Growth Trust.