Russia doesn't understand why Kiev still continues operation in Donbass — LavrovRussian Politics & Diplomacy December 02, 22:59
Russian field engineers take off for Syria to take part in Aleppo demining operationMilitary & Defense December 02, 21:24
Putin praises Hermitage Museum for its efforts in restoring PalmyraSociety & Culture December 02, 21:03
Lavrov says 'Crimea is not a problem, it is a part of Russia'Russian Politics & Diplomacy December 02, 20:42
Russian top diplomat says Syria cannot repeat Libya’s fateRussian Politics & Diplomacy December 02, 19:53
Key facts about the '90s price liberalization in RussiaBusiness & Economy December 02, 19:46
Russia's antimonopoly watchdog: Google will not 'get off with fines'Business & Economy December 02, 19:32
Lavrov wonders why UN is not using Castello Road to deliver humanitarian aid to AleppoRussian Politics & Diplomacy December 02, 19:24
Top diplomat calls to motivate Libyan parties towards mutually acceptable agreementsRussian Politics & Diplomacy December 02, 19:02
WASHINGTON, April 20 (Itar-Tass) – Brazil, Russia, India, China, and the South-African Republic /BRICS/ are not ready yet to determine the size of their supplementary contributions to the financial anti-crisis reserves of the IMF, Brazilian Finance Minister Guido Mantega said Thursday upon the end of a meeting with fellow finance ministers from Russia, India, China, and South Africa
"Brazil from the beginning sees the need of a strengthening of the IMF mainly because the financial crisis isn't over," Mantega was quoted by the international mass media. "We aren't ready to give a figure because there are preconditions which haven't yet been answered by countries."
Experts point out the crucial nature of BRICS support for the IMF, the its Managing Director Christine Lagarde hopes to raise an extra fund of $ 400 billion as a minimum for giving assistance to one or another country in case of a new surge of the crisis in the euro area.
A total of $ 320 billion has been raised to date and the IMF hopes to draw the remainder of the sum from the most dynamically developing economies.
"Some countries are more enthusiastic about asking emerging markets for more money than they are about quota reform, because they are the countries that are going to lose space," Mantega said.
Japan’s Finance Minister Jun Azumir, said on his part upon arrival in Washington for attending an economics conference of the Group of Twenty Most Industrialized Nations that support from the BRICS is an essential factor for development of world economics.
Also, he voiced the hope that aid of the kinds would become accessible in the short term prospect.
The Japanese government said Wednesday it was going to provide $ 60 for the IMF’s additional reserve.