US Losing Economic Clout: BRICS Leaders Urge Washington to Ratify IMF Reforms – Statement

 

 

BRICS Leaders Urge Washington to Ratify IMF Reforms – Statement

According to the statement issued on Sunday, the BRICS leaders called on the United States to ratify documents on the International Monetary Fund (IMF) reforms as soon as possible.
BRICS Leaders Speak Against Politicization of Economy, Unilateral Sanctions
ANTALYA (Sputnik) – The BRICS leaders called on the United States to ratify documents on the International Monetary Fund (IMF) reforms as soon as possible, the statement issued on Sunday reads.

“The adoption of the 2010 IMF reforms remains the highest priority for safeguarding the credibility, legitimacy and effectiveness of the IMF and the Leaders urge the United States to ratify these reforms as soon as possible,” the statement agreed at the informal meeting of BRICS leaders held ahead of the G20 summit in Antalya, Turkey, reads.

The BRICS leaders, expressing their deep disappointment at the lack of progress in modernizing international financial institutions, “urged the IMF – in cooperation with its membership – to step up efforts in collaboration with the G20 to find such solutions that would ultimately make it possible to increase the institution’s quota resources and review the distribution of quotas and votes in favour of developing countries and emerging market economies.”

Read more: http://sputniknews.com/world/20151115/1030140717/brics-imf-reforms.html#ixzz3rbQFHNrE

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