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Tuesday, June 19, 2012 11:51
BRICs set conditions to increase their contributions to the International Monetary Fund
Follow-up Baghdadiya News / .. A group of emerging countries (BRICs), which includes Brazil, Russia, India, China and South Africa's intention to increase their contributions to the IMF's resources, but the conditions
In a statement published by these countries in the Los Cabos (Mexico) where he will meet the heads of State and Government of the Group of Twenty, the leaders of these countries "agree to strengthen their contributions for the International Monetary Fund."
But the BRICs do not specify any amount, and put two conditions to be the IMF need the money and be held to reform the voting rights attributable to these emerging countries.
And cut off the BRICs this pledge "Based on that he will not request these resources, but if used existing resources, including borrowing agreements the new," he said in a statement the group and borrowing agreements is a new framework, to which around forty countries in the IMF's resources, and keep it money to withdraw. "
On the other hand, decided to finance the BRICs International Monetary Fund, "in preparation for the development of the reforms agreed in 2010 under the application deadlines, including the complete overhaul of the voting rights and quotas."
And the voice of the International Monetary Fund at the end of 2010, such a reform, which will allow for economies which recorded the highest rate of growth to have a position within the organization more closely with the size of its economy.
But this reform awaits approval of national parliaments, this process has been delayed a lot to achieve the goal, a formal entry into the application in October. / Finished /
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BRICs set conditions to increase their contributions to the International Monetary Fund
Follow-up Baghdadiya News / .. A group of emerging countries (BRICs), which includes Brazil, Russia, India, China and South Africa's intention to increase their contributions to the IMF's resources, but the conditions
In a statement published by these countries in the Los Cabos (Mexico) where he will meet the heads of State and Government of the Group of Twenty, the leaders of these countries "agree to strengthen their contributions for the International Monetary Fund."
But the BRICs do not specify any amount, and put two conditions to be the IMF need the money and be held to reform the voting rights attributable to these emerging countries.
And cut off the BRICs this pledge "Based on that he will not request these resources, but if used existing resources, including borrowing agreements the new," he said in a statement the group and borrowing agreements is a new framework, to which around forty countries in the IMF's resources, and keep it money to withdraw. "
On the other hand, decided to finance the BRICs International Monetary Fund, "in preparation for the development of the reforms agreed in 2010 under the application deadlines, including the complete overhaul of the voting rights and quotas."
And the voice of the International Monetary Fund at the end of 2010, such a reform, which will allow for economies which recorded the highest rate of growth to have a position within the organization more closely with the size of its economy.
But this reform awaits approval of national parliaments, this process has been delayed a lot to achieve the goal, a formal entry into the application in October. / Finished /
[You must be registered and logged in to see this link.]
