Posted by seumasach on October 1, 2015
30th September, 2015
MOSCOW, September 30. /TASS/. The foreign ministers of the BRICS group member-countries have called for unblocking the reform of the International Monetary Fund for the purpose of speeding up global economic development. Their meeting took place on the sidelines of the ongoing UN General Assembly session in New York.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), IMF reform | Leave a Comment »
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.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), IMF reform, new financial architecture, new global financial system | Leave a Comment »
Posted by seumasach on February 26, 2012
26th February, 2012
Brazil has said that developing nations would be happy to provide more money to ease the eurozone’s debt crisis, in return for more power within the International Monetary Fund (IMF).
Posted in Battle for Europe, Multipolar world | Tagged: G20 conference, Guido Mantega, IMF reform | Leave a Comment »
Posted by seumasach on January 29, 2012
28th January, 2012
DAVOS, Switzerland – The leaders of Denmark and Finland said on Friday that China has showed a willingness to contribute to global efforts to bail out debt-ridden European countries. However, a senior Chinese policy adviser said there should be preconditions.
Posted in Battle for Europe | Tagged: China's IMF role, IMF reform | Leave a Comment »
Posted by seumasach on May 30, 2011
Thierry Meyssan
28th May, 2011
It is impossible to understand the downfall of Dominique Strauss-Khan without linking it to his project for the creation of a new international reserve currency, which was to be launched on 26 May 2011 at the Deauville G-8 summit. The project was paradoxically anticipated as much by the Emerging States as by stateless capital, but rejected by the U.S.-Israeli military-industrial complex. Thierry Meyssan exposes the chicanery of the Obama administration to dodge its commitments.
Posted in Currency Wars, Financial crisis, Libya | Tagged: dollar collapse, DSK, End of empire, IMF reform, new financial architecture | Leave a Comment »
Posted by smeddum on April 27, 2009
Posted in Financial crisis | Tagged: IMF reform | Leave a Comment »
Posted by seumasach on March 14, 2009
Reason has prevailed and most countries don’t want to channel every penny they have the way of a chosen banker elite. The plan’s other key element, the use of a recapitalised IMF to force through the policies of Washington and London also appears to have come to nothing:
Finance ministers and central bankers said the IMF’s resources should be increased “very substantially”, from their current level, to prevent developing countries suffering disproportionately from the credit squeeze; but they offered no immediate commitment to provide new funds.
Brown is a poor player and his one hour strutting and fretting on the global stage is now up. His plan is “a tale told by an idiot, full of sound and fury, signifying nothing”
14th March, 2009
Gordon Brown‘s hopes of uniting the world’s most powerful economies behind a massive new package of tax cuts and public spending increases were in ruins today after he failed to persuade France and Germany to back his plan to revive the world economy.
Posted in Uncategorized | Tagged: bailout, G20, global bailouts, IMF reform, The Brown Plan | Leave a Comment »
Posted by seumasach on March 14, 2009
“The summit is also expected to call for an increase in funding for the International Monetary Fund (IMF).However, Brazil, China, India and Russia said they would not contribute extra money until their voting power at the IMF rises. The IMF voting structure gives greater voting power to the US and Europe in the agency’s decisions.”
The BRIC alliance has emerged as a counterpole to US/UK hegemony and is here frustrating Brown’s plan to use the IMF to gain control of the global economy
14th March, 2009
Finance ministers and central bankers from the Group of 20 have met in London amid rifts on how to tackle the global financial crisis.
The US, supported by Britain, is calling for more government spending to spur growth. European governments, however, want rapid moves to change the rules governing financial markets in addition to massive public expenditure.
Posted in Financial crisis, Multipolar world | Tagged: BRIC alliance, End of empire, Financial crisis, IMF reform, Multipolar world, The Brown Plan | 1 Comment »
Posted by smeddum on November 18, 2008
The IMF Needs Fixing, and China Wants a Say
November 18,2008
by Xu Yisheng
What to do about the IMF? This, of course, was a question bandied about at the recent G20 Summit hosted by George Bush in New York last weekend, though no decisions were taken. Japan promised to throw a bunch of money at the Fund, which is sorely in need of it amidst the present world economic turmoil, and it was gently suggested that China might also like to contribute a portion of its oceanic foreign reserves.
Perhaps China should, but there seem to be a lot of questions it wants answered before it does. Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Tagged: China, end of US empire, IMF reform | Leave a Comment »
In These New Times 