Central Bankers meeting / IMF / World Bank meeting

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Central Bankers meeting / IMF / World Bank meeting

Post  Admin on Sun Apr 13, 2014 8:50 am

"International Monetary Fund": the global economic recovery is not complete

April 13, 2014 7:51

He explained that the International Monetary Fund, the global economic recovery is not complete, despite progress in recent years.

And announced that the steering committee of the IMF at the end of its first conference this year in Washington that "there are still downside risks to the economy at the global level."

The commission said the current problems is the recent turmoil in financial markets in the world and the emergence of a kind of slight inflation in a number of major national economies.

The Committee noted that it also concerns the high rates of high indebtedness on the level of private and public in some areas of the world, as well as geopolitical tensions and the large unemployment rates.


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Re: Central Bankers meeting / IMF / World Bank meeting

Post  Admin on Sun Apr 13, 2014 9:07 am

Structural reforms in order to restore the global economy recovers

13/04 06:03 CET


At the end of the spring meeting of the IMF and the World Bank in Washington, officials said the failure to take Member States enough adequate structural reforms, as well as the escalation of geopolitical tensions over Ukraine pose the biggest risks facing the world economy to regain its health.

He renewed his pledge to fund the development of the economy based on sustainable development. According to Director General of the International Monetary Fund Christine Lagarde:

"It is encouraging to hear a number of members urging us to work in this direction on climate change and the damage that beset the environment and on the amount of serious importance."

For his part, European Central Bank President Mario Draghi that the monetary authorities in the euro area are willing to take extraordinary measures to achieve long-term goals related to inflation, which stood at five per cent last month. The bank pledged to take measures to non-traditional work effectively with the risks of a prolonged period of low inflation.

The envoy to Washington Euronews twilight Stefan says:
"Public Calendar IMF too ambitious, and the possibility of its success depends to a large extent on the willingness of the U.S. Congress to ratify the reforms in the year two thousand and ten, so far not Washington, so it does not seem possible in an election year."


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Re: Central Bankers meeting / IMF / World Bank meeting

Post  Admin on Sun Apr 13, 2014 9:23 am

Because of the delay the U.S.
IMF reform to end an impasse


IMF reform collides reject approval of the United States (archive)
Sunday, April 13, 2014 / 13:10

An official from the Group of Twenty on Sunday, "The reforms the International Monetary Fund reached a dead end," and that despite the announcement of international finance officials to move "forward without the United States if not ratified the recent changes at the end of 2014."

Change the package of reforms proposed by the Group of Twenty in 2010, would be disastrous by an official close to the talks
It seemed that the refusal to allow emerging markets to play a greater role in the International Monetary Fund and strengthen the Fund's resources of the most divisive issues between officials of the Group of Twenty members and representatives of the International Monetary Fund, who met at the weekend.

Very frustrated
The statement said that the final meetings of finance ministers and central bank governors of the countries of the group expressed "deep frustration at the delay after the U.S.."

The official, who participated in the talks, the Group of Twenty, speaking on condition of anonymity, "Some say that we should grant the United States more room, I'd say we came to a dead end."

He said that any attempt to change the package of reforms proposed by the Group of Twenty in 2010, would be disastrous for the United States and the countries of the whole group, because most states already ago in authentication procedures.

"If the package collapsed in 2010 should start again and can not skip this factor, Flaahd wants to go into this process again."

Exceeded U.S. approval
The absence of reforms, the biggest obstacle for the activity of many of the emerging markets are paid to express their anger at a meeting earlier this week, saying that claim to wait another four years beyond the acceptable limit, making the talks deteriorate in trouble real, despite the possibility of thinking about the temporary measures to achieve some of the reforms the IMF without formal approval from the United States.

According to Russian Finance Minister Anton Saloanov that developing countries may require adjustments to the mechanism of urgent loans to the International Monetary Fund if it does not recognize the United States of comprehensive reforms.


http://www.ahewar.org/news/s.news.asp?nid=1637705

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