Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

BRICS unready yet to determine size of additional anti-crisis donations

April 20, 2012, 4:37 UTC+3
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
1 pages in this article
Photo ITAR-TASS

Photo ITAR-TASS

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.

Show more
In other media
Реклама
Реклама