Arab Today, arab today us congress rejects obama\s funding plan for imf
Last Updated : GMT 07:08:28
Arab Today, arab today
Arab Today, arab today

US Congress rejects Obama\'s funding plan for IMF

Arab Today, arab today

Arab Today, arab today US Congress rejects Obama\'s funding plan for IMF

Washington - XINHUA

The US Treasury Department said Tuesday it was disappointed by Congress' failure to include a plan that would help the International Monetary Fund (IMF) carry out its quota and governance reform package. "We are disappointed that Congress failed to include the 2010 quota and governance reforms in the current legislation," said Holly Shulman, a spokeswoman of the Treasury Department in an email to Xinhua. "The United States remains committed to implementing the 2010 quota and governance reforms, and we are examining options to do so as soon as possible." U.S. Congress on Monday ignored President Barack Obama's 2010 funding plan for IMF. Since United States is the IMF's largest shareholder and veto power, its rejection of the funding plan could leave the 188-nation group without additional resources and blocks an increase in voting power for China and other emerging markets. Christine Lagarde, Managing Director of the IMF, also expressed her disappointment. "We understand that the U.S. administration will continue to work on securing the necessary legislative authorization, and we are hopeful that this will happen." The IMF Board of Governors approved a quota and governance reform package on Dec. 15, 2010. The reform package included a doubling of IMF quotas and a shift in quotas to dynamic emerging markets and under-represented countries. It also proposed an amendment to reform the executive board that would facilitate a move to a more representative and all-elected executive board. The IMF previously had intended to make the 2010 reform package effective before October 2012, but the U.S. Congress has become the major stumbling block for the reform. Although the plan would not require any new financial support from the United States and will retain its position as the largest shareholder, members of U.S. Congress insisted the 63-billion-U.S. dollar shift plan is no small matter. The Treasury Department said the U.S. commitment to the IMF are critical to preserving the United States'leadership and influence. It also underscored that the IMF is critically important to U.S. economic and national security interests. As the world's first responder to financial crisis, the IMF protects the U.S. recovery and promotes America's strategic interests abroad, while supporting U.S.jobs, exports, and financial markets.

arabstoday
arabstoday

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 us congress rejects obama\s funding plan for imf Arab Today, arab today us congress rejects obama\s funding plan for imf

 



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 us congress rejects obama\s funding plan for imf Arab Today, arab today us congress rejects obama\s funding plan for imf

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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