imf plan b on reforms could slash us power
Dernière Actualisation :04:52:03 GMT
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
Dernière Actualisation :04:52:03 GMT
 Lemarocaujourdhui, lemarocaujourdhui Actualités -

Push crisis lender to discuss options

IMF 'Plan B' on reforms could slash US power

 Lemarocaujourdhui, lemarocaujourdhui Actualités -

 Lemarocaujourdhui, lemarocaujourdhui Actualités - IMF 'Plan B' on reforms could slash US power

International Monetary Fund
Washington - Arab Today

Washington's block on crucial IMF reforms has pushed the crisis lender into discussions of other options, with one proposal potentially slashing US voting power nearly in half, AFP learned.
Talks on "Plan B" have emerged because patience has run out with the US Congress' failure to ratify the 2010 reforms originally strongly supported by the White House.
The reforms would both realign the power of members on the IMF executive board, boosting emerging countries like China and India, and double the capital resources the bank uses to support countries in financial crisis.
Brazil's executive director at the IMF, Paulo Nogueira Batista, has outlined a plan to "delink" the two components of the reforms in a way that could allow them to go ahead without requiring the US Congress to approve them.
"The link between these two elements is unnecessary as each pursues independent objectives that can be delivered separately. Delinking them would require the support of the US administration but not ratification by US Congress," Batista said in the proposal.
"The delinking proposal is constructive and simple and could clear the way for the continuation of the IMF reform process."
The Brazilian plan would first advance the modest realignment of power as planned since 2010 by giving emerging countries more seats on the executive board at the cost of Europe.
That proposal was long-accepted by the White House, but blocked by Congress.
After that happens, the resources increase could also be enacted separately, relieving the IMF's dependence since the financial crisis on borrowed funds.
That could challenge Washington's dominant role in the Fund since it was established in 1945.
Because contributions to IMF resources determine a country's voting quota, if Congress still does not give its support, its quota could fall from 17.7 percent to 9.8 percent, according to Batista's plan.
That drop is significant because major IMF board decisions require 85 percent of quotas in support, giving the United States unique veto power.
Batista allows that a deal could be done to allow Congress time to reconsider and endorse the resource increase, restoring Washington's veto.
"With carefully chosen language such decisions can provide adequate assurances to the US Administration that the delinking option would preserve, de facto, its veto power over decisions requiring 85 percent," he said.
"In the meantime, Fund members able to consent to their quota increases would be allowed to replenish the Fund’s permanent resources."
Source: AFP

 

lemarocaujourdhui
lemarocaujourdhui

Nom *

Adresse Email *

Nom Du Commentaire*

Commentaire *

: Characters Left

Les conditions d'utilisations *

Les conditions d'éditions

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults. mean Non atteinte à l'auteur ou toutes autres personnes morales, Non atteinte à différents religions, Non incitation à la discrimination raciale et insultes.

J'accepte les conditions d'utilisations et droits d'auteur

Code De Sécurité*

imf plan b on reforms could slash us power imf plan b on reforms could slash us power

 



Nom *

Adresse Email *

Nom Du Commentaire*

Commentaire *

: Characters Left

Les conditions d'utilisations *

Les conditions d'éditions

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults. mean Non atteinte à l'auteur ou toutes autres personnes morales, Non atteinte à différents religions, Non incitation à la discrimination raciale et insultes.

J'accepte les conditions d'utilisations et droits d'auteur

Code De Sécurité*

imf plan b on reforms could slash us power imf plan b on reforms could slash us power

 



 Lemarocaujourdhui, lemarocaujourdhui Actualités -
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
 Lemarocaujourdhui, lemarocaujourdhui Actualités -

GMT 09:05 2014 Vendredi ,06 Juin

April 20 - May 20

GMT 01:07 2015 Vendredi ,20 Mars

US investigates alleged Syrian regime gas attack

GMT 05:43 2017 Jeudi ,09 Février

Jabs at Trump, James slams travel ban

GMT 19:42 2017 Lundi ,13 Février

Coy on Man United contract extension

GMT 05:38 2014 Samedi ,12 Avril

London Fashion Week autumn/winter 2014

GMT 00:06 2015 Mardi ,24 Mars

Time running out for wild elephants

GMT 20:17 2014 Mardi ,01 Juilmeant

August 23 - September 21

GMT 05:37 2015 Mercredi ,07 Janvier

KWB, CrossFit Hour launch sport library

GMT 04:12 2015 Mercredi ,25 Mars

Ethiopia has right to development

GMT 21:09 2015 Mardi ,14 Avril

Niki Terpstra, un statut à assumer

GMT 07:57 2015 Lundi ,09 Mars

BMW rolls out new 2 Series Convertible

GMT 08:46 2015 Mercredi ,25 Février

Huge sound-and-light show for Waterloo bicentenary

GMT 23:31 2015 Mercredi ,22 Avril

La Norvège souligne le danger du vapotage passif

GMT 01:20 2015 Samedi ,21 Mars

Dench to star with daughter

GMT 08:06 2015 Mercredi ,04 Février

Harper Lee to publish second novel
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
 
 Lemarocaujourdhui Facebook,lemarocaujourdhui facebook  Lemarocaujourdhui Twitter,lemarocaujourdhui twitter Lemarocaujourdhui Rss,lemarocaujourdhui rss  Lemarocaujourdhui Youtube,lemarocaujourdhui youtube  Lemarocaujourdhui Twitter,lemarocaujourdhui twitter

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

lemarocaujourdhui lemarocaujourdhui lemarocaujourdhui lemarocaujourdhui
lemarocaujourdhui lemarocaujourdhui lemarocaujourdhui
lemarocaujourdhui
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
lemarocaujourdhui, Lemarocaujourdhui, Lemarocaujourdhui