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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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This entry was posted on December 15, 2014 at 9:20 am and is filed under Multipolar world. Tagged: BRICS(Brazil-Russia-India-China-South Africa), IMF reform, new financial architecture, new global financial system. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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