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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (81368)	10/14/2011 2:25:59 AM
From: elmatador	Read Replies (1) \| Respond to of 217901

Emerging market countries to contribute to expand firepower of IMF , with the aim of increasing its role in combating the eurozone sovereign debt crisis. The Bric (Brazil, Russia, India, China) countries favoured a procedure used in 2009 when individual governments pledged to buy special bonds issued by the IMF, a person familiar with the Brazilian view said. The IMF declined to comment. The size of the funding plan is also still under discussion, but any lending facility for the eurozone crisis will need to run into hundreds of billions of dollars. Such a move would be likely to give the IMF a stronger say in shaping eurozone rescue plans. In practice, the US may have difficulty contributing significantly but people familiar with the talks say that China and Brazil – one of the driving forces behind the plan – have already shown interest. Guido Mantega, the Brazilian finance minister, spoke of assistance from the Bric countries at last month’s IMF meetings in Washington. ft.com