国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Asia-Pacific

IMF to pursue internal reforms, World Bank to follow

(Reuters)
Updated: 2006-09-20 14:22
Large Medium Small

SINGAPORE - An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signalled it was ready to go the same route.

Wrapping up meetings of the IMF and World Bank in Singapore, IMF Managing Director Rodrigo Rato recognised that the next stage would be more challenging, with richer countries worried they would lose influence and developing nations pushing for more.

Ministers voted this week to boost the voting power of China, South Korea, Mexico and Turkey. A second, more politically charged, set of broader reforms will follow by 2008.

While the plan won overwhelming backing, 23 member countries, mainly from Latin America and the Middle East, voted against.

Argentina, Brazil, India, Egypt and Iran were among the dissenters, arguing that the initial changes did not go far enough to reflect a shift in global economic power away from the rich countries that founded the fund in 1945.

The Group of Seven industrial nations alone - the United States, Japan, Germany, Britain, France, Italy and Canada - wield 45 percent of the fund's quotas, or membership subscriptions, which largely determine voting power.

Rato insisted that reforms would be taken further.

"I certainly agree with those who think that what lies ahead is very challenging but at the same time very needed," Rato told finance ministers and central bankers at the end of the meetings.

"The vote doesn't end the process of making quotas more responsive to the world economy but it opens and begins a very important process," he added.

Rato said he would personally reach out to all members to ensure the next stage gets the necessary consensus.

"There is clear there are a lot of challenges ahead of us, but I think there is a will to understand that multilateralism is at the heart of our efforts in responding to your needs," he said.

At the IMF's sister organisation, World Bank President Paul Wolfowitz said the bank would pursue changes to its own governance structures, where the United States and Europe also have a dominant role.

"Rodrigo, you have accomplished it, I congratulate you," Wolfowitz said. "Fair weight and voice to all member countries is essential for our credibility and effectiveness and we recognise we can and must do more."

"You have set an example for us on the bank's side and we intended to follow your example," Wolfowitz said.

沧州市| 石景山区| 镇雄县| 治多县| 孟连| 普兰县| 鱼台县| 昔阳县| 石屏县| 平湖市| 澄城县| 凤台县| 柘城县| 青铜峡市| 崇义县| 榆林市| 平定县| 雷州市| 霸州市| 淮阳县| 邻水| 连山| 阿拉善右旗| 合水县| 万荣县| 吉安县| 沐川县| 崇文区| 金寨县| 驻马店市| 靖边县| 塔城市| 迁西县| 和龙市| 泰宁县| 临沂市| 南乐县| 邵东县| 沙洋县| 广昌县| 宁都县|