China Financial Daily

November 16, 2008

Policies from IMF

Filed under: Financial News — Tags: , , — Nancy @ 9:31 am -0800

Pakistan got a loan of 7.6 billion U.S. dollars
Pakistan government said on the 15th that the International Monetary Fund (IMF) had agreed to provide at least 7.6 billion U.S. dollars loan to help the Palestinian side to balance revenue and expenditure, and get through the difficulties of the financial crisis.

IMF welcomes the fruits from the G-20 summit
Kahn, president of the IMF, said the summit’s action plan is that the international community to resolve the global financial crisis, and the International Monetary Fund to increase the capacity to deal with the crisis for an important step.

The president of European Union said that they were will to reduce the representation of IMF for China
At present, the United States in the IMF has the right to vote of 16.77 percent, ranking the first, Germany 5.88 percent, Britain and France 4.86 percent, Chinese 3.66 percent. European Union leader admitted that in the International Monetary Fund (IMF) and other institutions they were on behalf of the excessive number.

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