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China To Lift IMF Clout
Source: Xinhua |
April 3, 2009, Friday
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Print Edition
Print Edition
BRITISH Prime Minister Gordon Brown told a press conference following the G20 summit yesterday that China deserves the right to demand greater representation in the International Monetary Fund.
Brown told reporters that China pledged to contribute US$40 billion to the global financial institution, while the European Union and Japan each offered US$100 billion.
Brown stressed that China has the right to demand more say in the IMF and that a timetable has been set to make that happen.
Calling it a "new era" for global cooperation, Brown said countries will work together for a more sustainable, more open and fairer world.
Brown told reporters that China pledged to contribute US$40 billion to the global financial institution, while the European Union and Japan each offered US$100 billion.
Brown stressed that China has the right to demand more say in the IMF and that a timetable has been set to make that happen.
Calling it a "new era" for global cooperation, Brown said countries will work together for a more sustainable, more open and fairer world.
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