Sunday, September 24, 2006

IMF: Size Doesn't Matter



Union Finance Minister, P Chidambaram emphasised that the formula for allocating voting and other powers to countries in IMF must reflect the current economic status of various nations and not what it was in 1944 when the IMF was established. The 23 countries together amounted to only 9.4 per cent of the votes despite countries like India, Brazil, Argentina and Egypt being large economies with large population and area. What, he was stressing was that other under-represented countries should also get more voting rights by reducing those of several over-represented industrialised nations, including the United States and several European countries. - PTI, 19 September 2006

3 comments:

rajeev said...

Hi,

Nice blog!

Why don’t you consider writing about some of the new

“India 2.0” sites that are creating a little buzz as

well?

Eg: www.ilaaka.com

www.onyomo.com

Thanks!

Rajeev

sri said...

Hi Vikram,
Your blog is already added to enewss. Thanks for visiting
--sri

radhika said...

Hey, you are really good!