Showing posts with label Holdup. Show all posts
Showing posts with label Holdup. Show all posts

Sunday, 23 March 2014


IMF's Lagarde says "can't do much about reform without U.S. support"


TNT TONY HAS BEEN TALKING ABOUT THIS AND THE VOTES THE US HOLDS

International Monetary Fund (IMF) Managing Director Christine Lagarde makes a speech during the China Development Forum in Beijing March 23, 2014. REUTERS/Kim Kyung-Hoon
International Monetary Fund (IMF) Managing Director Christine Lagarde makes a speech during the China Development Forum in Beijing March 23, 2014.
CREDIT: REUTERS/KIM KYUNG-HOON
(Reuters) - International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she should could to push reform at her organization and give emerging economies a bigger say without the support of the United States.
China in January called on IMF member nations to stick to a commitment to give emergingmarkets more power at the global lender after U.S. lawmakers set back historic reforms that would give developing countries a greater say.
The remarks by China's foreign ministry were an indirect criticism of the United States, the biggest and most powerful IMF member, where lawmakers that month failed to agree on funding measures needed for the reforms to move forward.
The U.S. Congress must sign off on the IMF funding to complete 2010 reforms that