Arab Today, arab today global financial leaders urge us to increase imf lending authority
Last Updated : GMT 12:20:36
Arab Today, arab today
Arab Today, arab today

Global financial leaders urge US to increase IMF lending authority

Arab Today, arab today

Arab Today, arab today Global financial leaders urge US to increase IMF lending authority

Washington - KUNA

As the International Monetary Fund's (IMF) first dayof spring meetings came to a close here Friday, G20 finance ministers expressedfrustration that Congress had not yet passed legislation that would increase the IMF's lending capability, as well as provide growing economies like Brazil and Chinagreater influence in its decision-making.The bill has been sitting with U.S. lawmakers since 2010. Among the proposalswithin it is a transfer of USD 63 billion from America's contribution to the fund intoa permanent IMF account. That way Congress would no longer have the authority toblock loans, as it did with Ukraine and a USD one billion aid package earlier thimonth."We are all very disappointed by the ongoing failure to bring these reforms toconclusion," said Australia's Treasurer Joe Hockey, who is Chair of the Group ofTwenty Finance Ministers and Central Bank Governors (G20) this year. "They haveconsistently been blocked by the U.S. Congress and I will take this opportunity tourge the U.S. to implement these reforms as a matter of urgency." The U.S. is theIMF's largest member and has 16.7 percent of the vote. Any changes to theinstitution require 85 percent of voting shares.We understand that IMF membership entails benefits and responsibilities, and weare working to fulfill our pivotal responsibility with respect to the implementationof the 2010 quota and governance reforms," said Secretary of the Treasury Jack Lewin his remarks. "The Obama Administration remains fully committed to securinglegislation to back the IMF and update the Fund's governance to reflect the globaleconomy." "While the legislation has not passed, there isimportantbipartisansupport for taking action," he added. "We have included proposed legislation in thePresident's Fiscal Year 2015 budget request, and we will continue to work activelywith Congress to enact the necessary legislation this year." The IMF spring meetingscontinue through April 13.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

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.

I agree with the Terms of Use

Security Code*

Arab Today, arab today global financial leaders urge us to increase imf lending authority Arab Today, arab today global financial leaders urge us to increase imf lending authority

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Donia Abdel Aziz participates in "Game of Silence"

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday