US veto doesn't apply to IMF loans: Gita Gopinath

Former IMF First Deputy MD Gita Gopinath said on the podcast that while the US is the only IMF member with veto power, it "does not apply...when you give money to a country". The US has around a 17% vote share, and loans need a majority. "In practice, obviously, it does matter what the big economies...want," she added.