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  1. BRICS should get bigger say in IMF

    Posted Jun 22nd 2012, 12:00am

    ... India and South Africa should get in return- more say in the running of institutions like the IMF and the World Bank. The developed Western nations that set up both in 1944 and have controlled them since, agree, although they have yet to make good on a vow made in 2010 to reform quotas and voting powers. With the US being the key holdout on ratifying the IMF changes ...

  2. Cash to come with conditions

    Posted Jun 18th 2012, 12:00am

    ... but the contribution will come with a condition- that emerging markets are better represented in the IMF, analysts say. The two-day summit, which begins today in Los Cabos, will largely focus on the lingering euro-zone crisis. But China and other emerging markets do not want Europe to dominate the agenda, and are expecting its push to give less-developed nations greater presence on the IMF will run ...

  3. BRICS want say at global banks

    Posted Mar 30th 2012, 12:00am

    ... pace of quota and governance reforms in the IMF,' the joint declaration said, adding there was an 'urgent need' to implement two-year-old governance and quota reform before the IMF and World Bank annual meeting this year. The emerging markets have been calling for better representation in the IMF and World Bank, and their heads to be chosen on merit. An American has ...

  4. Comment - Insight & Opinion

    Can Asia step up to remake global order?

    Posted Jan 07th 2013, 12:00am by NATHAN GARDELS

    ... also served US interests. Even if this old system ought to be maintained, it cannot happen without the full engagement of China and the US. No reorganisation of the UN, the IMF or WTO ...

  5. World will continue to make do with the messy legacy of Bretton Woods

    Posted Oct 29th 2011, 12:00am

    ... for the international financial institutions like the IMF or World Bank, but the existing system is a messy legacy of rules, regulations and foreign exchange systems, and institutions that facilitate trade ... in the International Monetary Fund. Emerging markets had little say, since they were the major beneficiaries of aid and funding from the IMF and World Bank. In 1975, the Group of Six came into being, ...

  6. Who said it?

    Posted Jun 18th 2011, 12:00am

    ... China has consistently been quite concerned with the state of the European economy Deputy Foreign Minister Fu Ying, asserting that China's 'vital' interests are at stake if Europe cannot resolve its debt crisis Is that necessary?... I have diplomatic immunity Former IMF chief Dominique Strauss-Kahn, as he was handcuffed after his arrest Gaddafi's security ...

  7. BRICS can build a better world

    Posted Apr 08th 2012, 12:00am

    ... interested in reform, they have understandably put in motion plans to set up their own bank to encourage trade in developing nations and fund projects. The World Bank and IMF, like the UN, were ... the world is a much changed place. The model that persists in the unwritten agreement that the World Bank be led by an American and the IMF a European is out of sync with reality. In the interests ...

  8. China, France agree to work on yuan flexibility

    Posted Aug 27th 2011, 12:00am

    ... Monetary Fund (IMF), French finance minister Francois Baroin said in Beijing yesterday. The group will make a formal proposal to leaders of Group of 20 nations in Cannes in November, Baroin told ... at the year-end G20 summit, which he chairs. The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. It is a synthetic currency ...

  9. Beijing willing to help IMF, top banker says

    Posted Mar 24th 2009, 12:00am by Cary Huang

    ... issues them. 'China supports the IMF's innovative financing attempts, and a more efficient and timely financing mode can effectively ease the IMF's cash shortage,' said Hu Xiaolian, vice-governor of the People's Bank of China. 'If the IMF finances itself by issuing bonds, China will actively consider buying.' Many believe the Washington-based lender, ...

  10. Where are China's budding global leaders?

    Posted Jun 14th 2011, 12:00am

    ... claim to be a fully fledged player in global economic governance if it is unable to present a viable candidate for the IMF top job. A strong contender to lead international organisations like the IMF requires certain strengths- he or she must be a solid technocrat, a savvy politician, a smart negotiator, an effective communicator and, last but not least, an experienced manager capable ...




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