Rising Powers Challenge U.S. on Role in I.M.F.

[elleng]

'Barely six months ago, the International Monetary Fund emerged from years of declining relevance, hurriedly cobbling together emergency loans for countries from Iceland to Pakistan, as the first wave of the financial crisis hit.

Now, with world leaders gathering this week in London to plot a response to the gravest global economic downturn since World War II, the fund is becoming a chip in a contest to reshape the postcrisis landscape.

The Obama administration has made fortifying the I.M.F. one of its primary goals for the meeting of the Group of 20, which includes leading industrial and developing countries and the European Union. But China, India and other rising powers seem to believe that the made-in-America crisis has curtailed the ability of the United States to set the agenda. They view the Western-dominated fund as a place to begin staking their claim to a greater voice in global economic affairs.'



http://www.nytimes.com/2009/03/30/world/30fund.html?th&emc=th

[Reform]

1. telegraph March.16, 2009

"The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis."

I must have my tinfoil hat on to tight:P

http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-poised-to-print-billions-of-dollars-in-global-quantitative-easing.html

[Demeter]

2. And Thanks to Geithner's Complete Failure at IMF

The Asians aren't too fond of IMF.

[tama]

3. Failure in what respect?

Why should anyone be fond of IMF - except the lone-sharks whose main tool of neocolonialism IMF is and US that has veto power over IMF, which is it's main tool of neoimperialism.

For the rest of the world indebtness to IMF is sure sign of a failed state, loss of independence and subjugation of people to the interests of small wealthy elite. IMF was kicked out of Latin America and found new purpose in fringes of Europe and other "allies" of west like Turkey, Pakistan etc. - with no enemies left to devour, the system is now gobbling it's own extremals, soon eating out it's own hear... cannot wait for UK to taste their own medicin... :)