In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘IMF reform’

BRICS foreign ministers call for unblocking IMF reform

Posted by seumasach on October 1, 2015

TASS

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.

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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

BRICS Post

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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Brazil wants more IMF power for extra eurozone funds

Posted by seumasach on February 26, 2012

BBC

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).

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China willing to aid bailout: EU leaders

Posted by seumasach on January 29, 2012

China Daily

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.

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Argentina demands credit agency reform at UN

Posted by seumasach on September 23, 2011

Voltairenet

22nd September, 2011

The need to reform multilateral credit bodies, particularly the International Monetary Fund, was highlighted at the UN on Tuesday by Argentine President Cristina Fernandez.

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Obama, financial war and the elimination of DSK

Posted by seumasach on May 30, 2011

Thierry Meyssan

Voltairenet

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.

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Bargaining fails to break deadlock over IMF

Posted by smeddum on April 27, 2009

 

April 27, 2009

Cracks have opened up in the united front maintained by the leading world economies in trying to combat the global recession.

Tensions flared at talks between finance ministers over how to carry through key elements of the pact sealed at this month’s London summit of the Group of 20 nations. Read the rest of this entry »

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Germany and France reject Brown’s global economic recovery plan

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”

Guardian

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.

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G20 ministers meet amid rifts

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

PressTV

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.


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Posted in Financial crisis, Multipolar world | Tagged: , , , , , | 1 Comment »

The IMF Needs Fixing, and China Wants a Say

Posted by smeddum on November 18, 2008

The IMF Needs Fixing, and China Wants a Say
November 18,2008

Chinastakes.com

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 »

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