Subscribe free to our newsletters via your




SUPERPOWERS
China 'deeply disappointed' over US snub of IMF reform
by Staff Writers
Beijing (AFP) Dec 12, 2014


Beijing said Friday it was "deeply disappointed" that Washington refused to back plans to reform the International Monetary Fund which would give emerging economies such as China a greater say in the institution.

The US Congress earlier this week failed to ratify a new set of crucial governance and funding measures contained in the 2010 reform plan, forcing the IMF board to explore "alternative options".

The reforms to the Fund's membership quota system -- essentially its shareholding -- would both strengthen the global crisis lender's funding and also give countries such as China and Russia greater say in its development.

"China is deeply disappointed by the US parliament's failure to make the IMF 2010 funding and governance reform spending legislation," foreign ministry spokesman Hong Lei said at a regular briefing in Beijing.

"Implementing the 2010 funding and governance reform is crucial for maintaining the credibility, effectiveness and legality of the IMF."

China will continue to urge Washington to back the plan, the spokesman said.

The IMF had held out hopes that the reforms, backed by the White House, would be accepted in the huge budget bill that was under discussion this week.

But the bill that emerged from tough negotiations between Democrats and Republicans late Tuesday night excluded the reforms.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SUPERPOWERS
China angles for Central America influence in US 'backyard'
Managua (AFP) Dec 12, 2014
With ambitious plans for a canal through Nicaragua and a Honduran hydroelectric dam, Chinese firms are increasingly testing the waters in Central America, a region long considered the United States' backyard. The audacious canal project, which would rival the US-built Panama Canal, underlines China's growing global power but has also highlighted the pitfalls that go with it. The $50 bill ... read more


SUPERPOWERS
Philippines rushes aid to displaced storm survivors

EU boosts aid for Syrian refugees in Turkey

Silicon Valley clears out homeless 'Jungle' camp

Poorest countries 'left behind': climate finance report

SUPERPOWERS
NIST study 'makes the case' for RFID forensic evidence management

Galileo satellite recovered and transmitting navigation signals

Russia Puts Second GLONASS-K Satellite Into Orbit: Defense Ministry

Mislaunched navigation satellite may get 2nd life: ESA

SUPERPOWERS
Commentary calls for new 'science of climate diversity'

Scientists reveal parchment's hidden stories

Ancient engravings rewrite human history

NTU team uncover one of mankind's most ancient lineages

SUPERPOWERS
Rhino horn trafficking up 30-fold: wildlife group

Climate change challenge for animals reliant on external sources of heat

UBC team finds a glitch in hummingbird hovering

The benefits of eating second

SUPERPOWERS
Prepare for severe flu season: US health chiefs

Bird flu found at two farms in Canada

Uganda 'HIV nurse' to be released from jail

New Dutch cull ordered after bird flu confirmed as H5N8

SUPERPOWERS
China says veteran Mongol activist released

China defends human rights record as one favouring development

China renews pledge to stop using executed prisoner organs

On first 'Constitution Day', China blocks protests

SUPERPOWERS
Nobel protester sought to draw attention to 'murdered Mexican students'

Corruption on rise in Turkey, China: Transparency

SUPERPOWERS
China November industrial output at three-month low

China November inflation falls to five-year-low 1.4%: govt

Under pressure Swiss banks eye Chinese wealth

China boosts bank liquidity with $65 billion fund injection




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.