Obama administration faces obstacles from Republicans to pass reforms in the system of the International Monetary Fund

[ltr]Russia calls on other countries not to wait for the approval of America[/ltr]
[ltr]March 7, 2014

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[ltr]Washington - Moscow - news agencies: experienced management strategy of U.S. President Barack Obama to push Congress to ratify the broad reform in the system of the International Monetary Fund when added to the program to help Ukraine, a new setback during the vote in the House on Thursday evening.

It supports text, which was adopted by the Council, which is dominated by Republicans, economic assistance promised by Washington, but Ukraine does not refer to the reform of the International Monetary Fund want the opposite of what the Obama administration.

The U.S. administration hopes that integrates reform the IMF, which does not wait for the U.S. only parliamentary ratification to enter into force, in the text of the law on Ukraine in order to circumvent the Republican adversaries.

A senior official in the Treasury Department in an effort to persuade the House of Representatives 'ratification of the (..) will allow the IMF to lend more resources to Ukraine'.

Under the draft was adopted in 2010 will see a doubling of IMF resources permanent (contributions), and rebalancing to manage for the benefit of emerging countries, especially China.

According to a source close to the file, the Republicans were disbanding process and stipulate, under pressure from the more radical wing of their minds, to postpone the new legislation on taxes, some non-profit organizations.

And should the Senate, which is dominated by Democrats to ratify the program of assistance to Ukraine and can seize the opportunity to add an item on the reform of the International Monetary Fund.

But then must re-text to the House of Representatives for approval, what threatens to delay the process while Congress would suspend its end of next week.

Obama tried again Thursday to persuade the House of Representatives, said in a speech dedicated to Ukraine 'once again call upon the House of Representatives (..) to support the ability of the IMF to lend resources to Ukraine'.

And disable the fix raised by Washington resentment within the IMF, especially among emerging countries, which confirms that the legitimacy of the institution is threatened.

On the other hand, sources said officials from Russia urge the IMF to go ahead with planned reforms without the United States, which could mean the loss of Washington (veto) veto when voting on major decisions for the Fund.

Put Russian Finance Minister Anton Saloanov idea at a meeting of top finance officials of the Group of Twenty in Sydney late last month, said sources in the group this week.

The failure of the U.S. Congress to approve the funding of the International Monetary Fund to disable the reforms approved in 2010, and include increased resources to fund doubled, and the granting of more influence within the fund for emerging markets such as China.

The United States is the only country that has a controlling stake of the votes in the IMF, which means that its approval is necessary for the implementation of any decision important.

Requires to proceed with reforms without Washington complex changes in the rules of the fund. But discussions show how the frustration within the Group of Twenty Obama administration's failure to gain the required support in Congress.

Did not confirm the source of a third of whether Russia was behind the idea, but he said the Group of Twenty agreed in general to give the United States until the meetings of the IMF and the World Bank in April / April, before taking further action strong, a point confirmed by a source other. The sources asked all three of anonymity.

For a year, the Obama administration tried to get congressional approval to convert about 63 billion dollars from a fund for crises continued to the International Monetary Fund to the public accounts of the Fund to implement its obligations in 2010.


http://www.ahewar.org/news/s.news.asp?nid=1596809
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