Money now, shares later: more IMF countries voice support for pragmatic IMF funding boost

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Support increased on Wednesday for the U.S.-backed call to boost the International Monetary Fund's quota lending resources without shareholding changes...

MARRAKECH, Morocco - Support increased on Wednesday for the U.S.-backed call to boost the International Monetary Fund's quota lending resources without shareholding changes, according to statements from various countries issued at the IMF's annual meeting in Morocco.

IMF Managing Director Kristalina Georgieva said the extra resources were needed to ensure the IMF can respond to another large-scale crisis. With momentum growing behind the U.S. proposal, she has called for a deadline to realign voting power to reflect the growth of big emerging markets and preserve the fund's political legitimacy, adding that without an adjustment, "we are stuck."

She said in her statement to the International Monetary and Financial Committee that the U.S. was committed to a "fair and simple" share realignment based on economic size, but "we regret" that one has not been reached. Air Canada took one of their Montreal-based B787 first officers out of service on Monday after discovering posts that allegedly showed the pilot holding offensive signs at a Palestine protest.ReutersAfter nine days of chaos sparked by the sudden downfall of Kevin McCarthy, House Republicans have finally nominated a successor for the Speaker’s gavel: Rep. Steve Scalise , McCarthy’s longtime number two.

Ahead of 2024, President Biden has repeatedly praised Harris' policy acumen and the strengths that he said she has brought to the administration.The Fox News host somehow twisted Joe Biden's speech about the Israel-Hamas war into an argument against Donald Trump's indictments.Learn to speak, read, and write Thai and Thai script with our easy and fun online course. Nine years of experience teaching individuals and groups.

 

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