The International Monetary Fund is set to approve a plan to boost its lending resources. It calls for increasing each member's quota while keeping shareholder proportions, meaning Japan would remain the number-two stakeholder.

The IMF's executive board in November endorsed a proposal to increase quotas for members by 50 percent. It would allow the IMF to expand assistance to heavily indebted countries.

Members are expected to vote on the proposal by December 15th. It will be formally approved with 85 percent or more of the total voting power. 190 members will get to vote.

The IMF will not change members' shareholding ratio, which is linked to the proportion of voting rights.

Currently, the United States is the largest stakeholder, contributing over 17.4 percent. Japan is the second, with 6.47 percent, followed by China, with 6.4 percent.

China has been calling for shaking up the shareholder proportions. But the US and Japan have sought to keep the status quo, saying it could take time to reach an agreement.

Experts say the decision against a change reflects caution about China's growing influence.

The IMF still plans to look at a possible realignment of shareholding proportions. It says it will discuss the matter and lay out options by mid-2025.