{"id":11587,"date":"2012-06-18T11:32:39","date_gmt":"2012-06-18T09:32:39","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/g20-to-confirm-imf-loan-pledge-despite-reform-delay\/"},"modified":"2012-06-18T11:32:39","modified_gmt":"2012-06-18T09:32:39","slug":"g20-to-confirm-imf-loan-pledge-despite-reform-delay","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/g20-to-confirm-imf-loan-pledge-despite-reform-delay\/","title":{"rendered":"G20 to confirm IMF loan pledge despite reform delay"},"content":{"rendered":"

\t\t<\/span><\/p>\n

By Lesley Wroughton and Paul Eckert<\/span><\/p>\n

<\/span><\/p>\n

LOS CABOS, Mexico, June 17<\/span> (Reuters) – Leaders of the
\nworld’s major economies are set to confirm they will make new
\ncrisis-fighting loans to the International Monetary Fund even
\nthough some emerging nations are frustrated with the slow pace
\nof winning more power at the global lender.<\/p>\n

<\/span><\/p>\n

The Group of 20 summit in Mexico on Monday and Tuesday will
\nbe overshadowed by Europe’s debt crisis that threatens to
\nstretch Europe’s own rescue funds, underscoring the need for a
\nbigger war chest at the IMF.<\/p>\n

<\/span><\/p>\n

It remained unclear, however, whether all leaders attending
\nthe summit would sign off on the specific size of their
\ncontributions to the Fund.<\/p>\n

<\/span><\/p>\n

China’s Vice Finance Minister Zhu Guangyao said on Sunday
\nthat Beijing will contribute to the $430 billion in new
\nresources for the IMF, which was agreed by finance ministers in
\nApril, but he did not offer a specific sum.<\/p>\n

<\/span><\/p>\n

“We are fully confident that the IMF will realize its aim of
\nincreasing its funds by $430 billion and China will surely pitch
\nin,” Zhu told reporters in the Mexican resort of Los Cabos.<\/p>\n

<\/span><\/p>\n

Japanese Finance Minister Jun Azumi said he expected China
\nto say how much it will give during the G20 summit, a move that
\ncould prompt other developing countries to follow suit.<\/p>\n

<\/span><\/p>\n

Leading emerging nations China, Russia, Brazil and India did
\nnot say in April how much extra they would contribute to the IMF
\nand sought to tie any new money to further IMF voting reforms
\nthat would give them more clout at the Fund.<\/p>\n

<\/span><\/p>\n

The bulk of the extra IMF money will come from Europe. The
\nFund has stressed it is not earmarked for helping European
\ncountries exclusively but was for countries affected by the euro
\nzone turmoil.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Lesley Wroughton and Paul Eckert LOS CABOS, Mexico, June 17 (Reuters) – Leaders of the world’s major economies are set to confirm they will make new crisis-fighting loans to the International Monetary Fund even though some emerging nations are frustrated with the slow pace of winning more power at the global lender. The Group […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11587"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}