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

To: Maurice Winn who wrote (86059)	1/18/2012 6:51:30 PM
From: bart13	2 Recommendations Read Replies (3) \| Respond to of 218620

Amazing that you apparently think that the IMF always has to borrow from others to spend or fund things. You and many others have a surprise ahead, as in remember 13(3) of the Federal Reserve Act as amended or recent ECB 'events'.

To: Maurice Winn who wrote (86059)	1/19/2012 1:08:09 AM
From: elmatador	Respond to of 218620

<IMF seeks $600 billion more in > assistance conditioned to"a political commitment to reforming the institution as part of the discussions" With around $500 billion on hand, IMF officials have estimated the fund will require more than $1 trillion in the coming years to meet global financing needs. But despite ongoing efforts, the IMF has so far been unable to convince G-20 nations to make firm pledges for cash. European officials have said they would contribute some $200 billion in resources, leaving countries from other regions to come up with a remaining $300 billion or more. The IMF's biggest contributor, the U.S., however has said it has no intention of giving more aid to the IMF to help resolve Europe's current difficulties. That would leave emerging markets like Brazil and others to make up for the shortfall. Brazil Open To Giving IMF Aid, But Seeks Backing On Fund Reform - Official --Official: Brazil still open to aid format discussed at G-20 meeting in Cannes --Brazil backs IMF efforts to maintain "necessary resources" --Brazil angling for "political commitment" to IMF reform By Gerald Jeffris Of DOW JONES NEWSWIRES BRASILIA -(Dow Jones)- Brazil remains open to offering assistance to ailing economies through the International Monetary Fund, though it is seeking a political commitment to reforming the institution as part of the discussions, a government official familiar with the matter told Dow Jones Newswires Wednesday. The statement comes after the IMF said it was seeking an additional $500 billion to $600 billion in resources to help fight the effects of the European debt crisis. Brazil and other large emerging-market governments such as China have been called upon to kick in resources for the effort. "Brazil continues with a positive focus, in the sense of assuring that the IMF has the necessary resources," the official said. "We understand that the format discussed at Cannes should remain in place." At a meeting of the Group of 20 largest industrialized and developing nations in Cannes, France, in November, Brazil agreed to study offering aid through a general assistance fund administered by the IMF, though it rejected direct aid to European governments or stabilization funds. Brazil has further signaled willingness to offer "transitional aid" to ailing nations through bilateral accords negotiated via the IMF, possibly with use of some of the country's $350 billion in foreign reserves. With around $500 billion on hand, IMF officials have estimated the fund will require more than $1 trillion in the coming years to meet global financing needs. But despite ongoing efforts, the IMF has so far been unable to convince G-20 nations to make firm pledges for cash. European officials have said they would contribute some $200 billion in resources, leaving countries from other regions to come up with a remaining $300 billion or more. The IMF's biggest contributor, the U.S., however has said it has no intention of giving more aid to the IMF to help resolve Europe's current difficulties. That would leave emerging markets like Brazil and others to make up for the shortfall. G-20 member-nation finance ministry officials are meeting in Mexico this week to discuss the fallout from the euro-zone crisis and possible solutions. While Brazil's government doesn't offer volumes or deadlines for approving assistance through the IMF, the Brazilian official in the meantime said the country hoped to link discussions for aid to "political commitment" to assure the advancement of a future reform of the fund's member quota system, planned for 2013 and 2014. Major emerging-market nations have hoped to gain more representation and influence over the fund's decisions through the proposed reform of the institution.