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IMF Talks on Debt Deadlock Stuck Between China, Private Lenders bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
US faces pushback on plan to bolster IMF funding without shareholding changes | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
US faces pushback on plan to bolster IMF funding without shareholding changes zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The U.S. faces an uphill battle to persuade other International Monetary Fund member countries to expand the IMF's lending war chest without boosting the shareholdings of China, India and Brazil, government officials and development experts say. "Quota increases without realignment would politically weaken the Fund," a Brazilian official told Reuters, adding that Brazil, China and India deserved a bigger role in the IMF commensurate with their growing stature in the global economy. Quotas contributed by member countries in proportion to their voting power now account for more than 40% of the Fund's $1 trillion in lending firepower, which has been taxed by years of COVID-19, inflation, climate shocks and spillovers from Russia's war in Ukraine. ....
US faces pushback on plan to bolster IMF funding without shareholding changes devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.