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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. 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, ...

  3. 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 ...

  4. 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 ...

  5. Turning the tables

    Posted Jul 14th 2009, 12:00am by Laurence Brahm

    ... has always been the largest stakeholder in the IMF. In turn, the IMF is often accused of serving as a tool of American global policy. China seems to want to change this. On June 16, when ... conference of 1965. Political rhetoric about colonial-imperialism has been put aside. The Bric nations are changing global finance, post-Bretton Woods, by becoming the IMF's creditors rather ...

  6. Beijing spells out desire for a bigger say

    Posted Mar 28th 2009, 12:00am by Martin Zhou

    ... and finance minister have spoken of the need for reform of the international financial system. Mr Wang set out clearly China's terms for change in institutions such as the IMF and what it expects to get in return for higher contributions to the fund. On Monday, central bank governor Zhou Xiaochuan proposed using the IMF's Special Drawing Rights (SDRs), a super-sovereign currency ...

  7. 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 ...

  8. 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, ...

  9. 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 ...

  10. WTO the best referee for currency disputes

    Posted Mar 23rd 2010, 12:00am by Kevin Rafferty

    ... at Massachusetts Institute of Technology and a senior fellow of the influential Peterson Institute for International Economics, says the WTO has important advantages over the IMF. One is that the IMF's exchange rate surveillance has failed to make a difference. More positively, the WTO has a tested dispute settlement board, which has proper evidence-gathering, assessment and adjudication ...




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