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WASHINGTON (Reuters) -The International Monetary Fund said on Tuesday its executive board approved a proposal for a 50% increase in quota resources to be contributed by member countries in proportion to their current IMF shareholdings. The proposal would largely follow a U.S.-backed plan that would enhance IMF lending resources but delay any IMF shareholding increases for China, India, Brazil and other fast-growing emerging market economies. The IMF said the 50% increase in quota funding equivalent to about $314 billion at current exchange rates would not increase its overall lending firepower of about $1 trillion, but would shift the composition to more permanent resources. ....
MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that her plan for an "equi-proportional" increase in International Monetary Fund quota-based lending resources was "pretty likely to get done" despite concerns raised by China. Yellen was speaking in an interview on the sidelines of the IMF and World Bank annual meetings. "There's a desire to see the IMF well-resourced with larger quota resources and less reliance on borrowing arrangements," Yellen said. ....
Support increased on Wednesday for the U.S.-backed call to boost the International Monetary Fund's quota lending resources without shareholding changes, according to statements from various countries issued at the IMF's annual meeting in Morocco. France, Britain, Ghana, Switzerland, Finland and Belgium said in statements to the IMF's steering committee that they supported an equi-proportional increase, under which countries would contribute money in proportion to their current shareholding in the IMF. Brazil's finance minister, Fernando Haddad, who has pushed for an increase in shareholding for itself, China and other fast-growing emerging markets, said in a statement that Brazil would support such a quota increase if it were coupled with an "ad-hoc" share increase for the most "blatantly underrepresented" IMF members. ....
MARRAKECH, Morocco (Reuters) -The International Monetary Fund said on Tuesday that it is seeing "significant support" for a U.S.-backed increase in quota lending resources without changes to its shareholding structure at IMF and World Bank meetings in Morocco. But IMF Managing Director Kristalina Georgieva told civil society groups that she wants to set a deadline for a "necessary realignment" of the crisis lender's shareholding structure that would reflect the growth of larger emerging market economies such as China. "If we don't get the quota increase, our relative capacity to stand toe-in-front of future shocks diminishes," Georgieva said. ....
Der Hochkommissar für Flüchtlinge hat in einem Brief mehrere Staaten darum gebeten, mehr Menschen aus Afghanistan aufzunehmen. Der Bundesrat reagiert zurückhaltend. ....