IMF power deal sealed after U.S. dropped trade links
October 28, 2010 by Trend PK
Filed under World News
WASHINGTON: U.S. Treasury Secretary Timothy Geithner introduced the idea of tying actions to bring about a better-balanced global economy to more International Monetary Fund voting power during meetings of the Fund in Washington last month.
Geithner fleshed out his proposal in a letter to finance ministers of the Group of 20 nations in which he pressed for a deal to limit current account surpluses and deficits to a specified share of national output.
The idea of linking a voting power deal to an agreement on trade caught emerging markets, which have long pushed for more say in the IMF, off guard and was widely rejected. Exporters that run large trade surpluses, like China, Russia, Germany and Saudi Arabia, were particularly vehement in their opposition.
The sources — officials from emerging economies who took part in the discussions — said the United States
Pakistan-Iran Vow to Join Hands Against Terrorism
ISLAMABAD, Pakistan-Iran Vow to Join Hands Against Terrorism, Pakistan: Pakistan and Iran have agreed to work together against terrorism during meetings of Iranian Interior Minister Mostafa Mohammad Najjar, Prime Minister Yousuf Raza Gilani and Minister of Interior, Rehman Malik here on Saturday.
The Iranian minister has arrived in Pakistan the day after a terrorist attack that killed several people in the southeastern Iranian province of Sistan-Baluchistan.
The Iranian minister is holding talks with Pakistani officials for the arrest of members of Jundallah and deliver them to their country.
Pakistan-Iran Vow to Join Hands Against Terrorism was first posted on October 24, 2009 at 5:51 pm.
