IMF Urges Members to Approve Funding Hike
December 23, 2011
International Monetary Fund head Christine Lagarde. (AFP Photo) Related articles
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Washington. The International Monetary Fund on Thursday called on members to move to ratify the fund’s crucial doubling of capital, warning it might miss the target next year for completing the key reform.
With pressure rising on the IMF to strengthen the resources it uses to rescue economies, the organization said members representing only 36 percent of shares in the Fund had ratified the $367 billion increase and quota reforms agreed in 2010.
The IMF said that it needed to have endorsements from 70 percent of the quotas for the overall quota reform plan to take effect.
With the reform boosting the voting shares of rising economies like Brazil, India and China, the Fund had targeted next September’s annual meeting to reach that level.
“With only 10 months remaining on this timeline, the Fund is far from reaching the necessary thresholds for the entry into force of the 2010 quota and governance reforms,” it said.
Agence France-Presse
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Is this the same guy who said, just a few hours ago, that she is "comfortable" in prison? Is this a try to turn Indonesian citizens against SBY' -
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Dear lord let him be sterile we dont need anymore morons in indonesia. Who voted this waste of space into government? "The president and i go to c -
10:06pm | Indonesia ‘Most Tolerant Count...
Ҩ(° ̯˚)Ҩ -
10:05pm | Indonesia ‘Most Tolerant Count...
The gov' of Indonesia should not recognize its country's six official religions because the religions make conflict in Indonesia all over the arc -
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@D88 "...at least Indonesia is democratic country, unlike Singapore or Malaysia" Are you also "slumberless"? Or just lovers? ".. -
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"Yellow diamonds in the LIE," "Is a sky full of LIERES," "In another LIE," And that's coming from a man with a -
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hope the money goes to the people in the area -
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xpat , theyre lucky enough to be given this opportunity , what makes you think this isn't based on mutual interest ? just because there's an econ
