imf plan b on reforms could slash us power
Samedi 15 Février 2025
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 23:14 2015 Vendredi ,27 Mars

Hurry Kane quickly off mark, Spain sink Ukraine

GMT 08:19 2016 Lundi ,07 Mars

testing from boss 1502016

GMT 04:52 2014 Mardi ,01 Avril

April 20 - May 20

GMT 05:21 2015 Mardi ,10 Février

Call to participants for Chopin Piano Competition

GMT 23:26 2015 Mercredi ,18 Mars

2000 snow geese die in US

GMT 18:24 2015 Lundi ,13 Avril

Ibrahimovic suspendu quatre matches ferme

GMT 17:30 2015 Mardi ,21 Avril

La première campagne d’Alessandro Michele

GMT 07:09 2015 Dimanche ,22 Février

Gareth Pugh prepares for battle

GMT 20:57 2015 Dimanche ,19 Avril

Escalade la plus haute tour torsadée du monde

GMT 12:56 2016 Mercredi ,23 Mars

bande dessinée quatorze

GMT 03:44 2015 Mardi ,24 Mars

Iraq PM, Obama to Meet in Washington in April

GMT 19:50 2017 Lundi ,20 Février

Laver Cup will be tough and not an exhibition

GMT 10:02 2017 Samedi ,11 Février

In search of Cardiff repeat

GMT 04:44 2014 Samedi ,12 Avril

Paris Fashion Week autumn/winter 2014
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
 Lemarocaujourdhui, lemarocaujourdhui Actualités -
lemarocaujourdhui lemarocaujourdhui lemarocaujourdhui
lemarocaujourdhui
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
lemarocaujourdhui, Lemarocaujourdhui, Lemarocaujourdhui