BRICS demand bigger IMF role before giving it cash




 
--
BRICS demand bigger IMF role before giving it cash
 
April 20th, 2012  
News Manager
 

Topic: BRICS demand bigger IMF role before giving it cash


BRICS demand bigger IMF role before giving it cash
WASHINGTON (Reuters) - The International Monetary Fund's bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash. Brazilian Finance Minister Guido Mantega laid out the terms for a deal after a meeting with fellow BRICS nations Russia, India, China and South Africa. "We are not ready to set a figure, because there are preconditions that have not been fulfilled by the countries - whether they will comply with the agenda of reforms," he said. ...




More...