G20 gives U.S. year-end deadline for IMF reforms

Comments (6)
tmc wrote:

They better plan un the USCA not acting on ANYTHING until after the next presidential election. The republicans announced this the day President Obama was elected and they are holding true to it.

Apr 11, 2014 5:04pm EDT  --  Report as abuse
Bob9999 wrote:

It’s never been clear to me what direct benefit the U.S. gets out of the IMF.

Apr 11, 2014 5:31pm EDT  --  Report as abuse
UauS wrote:

“The G-20′s transparency and accountability have been questioned by critics, who call attention to the absence of a formal charter and the fact that the most important G-20 meetings are closed-door.”
(http://en.wikipedia.org/wiki/G-20_major_economies)

No surprises given you’re dealing here with the regimes like Putin’s KGB-like Russia and Communist China…

Apr 11, 2014 6:36pm EDT  --  Report as abuse
Rich_F wrote:

the US foots about 20% of the IMF tab. why should a country that foots the most of anyone give more rights to those that don’t? you want to play than you should pay.

Apr 11, 2014 8:58pm EDT  --  Report as abuse
libertadormg wrote:

The Tea Party has torn a page right from the history books of 1930′s Germany in the way it has shown that a small minority of radicals can bring down great democracies. When these extremists bring down the wold economies, the poor masses of the world will rise up in anarchy and take us back to the stone age. Tea Party won’t be much of a party when the time comes and you run out of ammo, dried beans and rice.

Apr 11, 2014 11:23pm EDT  --  Report as abuse
Sinbad1 wrote:

@Bob9999

The US basically controls the IMF, so it decides who gets loans and who doesn’t. Basically IMF voting rights are decided by how much cash a country puts into the pot. The US gets a lot more votes for only a small part of the pot, and it owes money and gold to the IMF.

Apr 11, 2014 12:45am EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.