US isolated over BRICS and IMF
Posted by seumasach on December 15, 2014
US isolated, BRICS to get greater voting power at IMF
13th December, 2014
Months after the formation of new financial institutions like the $100 billion BRICS Bank and the China-led Asia Infrastructure Investment Bank, Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the organization is ready to discuss IMF voting reforms without the United States to give BRICS and emerging countries greater voting power.
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