shuttler
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Those are ephemeral facts which can be manipulated.. innocent Chinese
of course! we are not alone in the big boat, long-winded jealous indians!
China Offers $43 Billions To IMF War Chest
- Thread starter ahfatzia
- Start date
of course! we are not alone in the big boat, long-winded jealous indians!
Baby Leone
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soo when europ was not in crises they gave us loans with high intrests & restriction & ow they are in crises and developing countries are giving them with no or less intrests...
WTF? hattoff to westerner's diplomacy...
WTF? hattoff to westerner's diplomacy...
SpArK
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wt u gonna play with cards??? bridge or rummy...
KRAIT
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Only China and India....to be specific....
Poker, Texas hold'em...Who will call whose bluff.
ManilaBoy45
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List of Countries with Major Contributions Amounting to Over $ 1 Billion Dollars ...
by Rappler.com Posted on 06/20/2012 10:14 AM | Updated 06/20/2012 12:29 PM
MANILA, Philippines - The Philippines--once a borrower and now a lender to ailing economies--has pledged to pump US$1 billion to the International Monetary Fund's (IMF) resources meant to help distressed economies, including those in the eurozone.
This pledge was announced at the recent G20 meeting in Los Cabos in Mexico where the IMF said it has received the additional $95.5 billion commitments from China and other emerging powers, bringing its war chest to $456 billion.
"The BSP’s (Bangko Sentral ng Pilipinas) commitment to the Fund’s bilateral borrowing facility is the Philippines’ show of support...," said BSP Governor Amando M. Tetangco, Jr., as quoted by major dailies in Manila.
IMF has been rallying member countries to help beef up its "resources to tackle crises and to promote global economic stability in the interests of all our members," IMF director Christine Lagarde has once said.
The Philippines joins the 37 countries that have offered money to the fund. These countries and their additional contributions include:
China - $43 billion
Brazil - $10 billion
India - $10 billion
Russia - $10 billion
Mexico - $10 billion
Turkey - $5 billion
South Korea - $2 billion
Columbia - $1.5 billion
Malaysia - $1 billion
New Zealand - $1 billion
Thailand - $1 billion
Philippines - $1 billion
Since it was the emerging economies that helped prop IMF's crisis-fighting fund pool -- which was far from its target of $430 billion before the new pledges were announced -- the message that IMF had to change after being long dominated by the now troubled economic powers of Europe and the United States is loud and clear.
while eurozone member countries' economies are suffering from the IMF-led austerity measures.
Legarde said at the G20 meeting that these additional resources would only be tapped as a second line defense after quotas have been exhausted and the New Arrangements to Borrow facility have already been used up.
The Philippines, which has a strong external position, has also been contributing to the IMF's New Arrangements to Borrow facility when it became a "creditor" country to the global lender's Financial Transactions Plan (FTP) in 2010.
That was 3 years since it paid off all its outstanding debts that saddled it for almost 45 years. These transactions earn interest and the funds can still be technically counted as part of the Philippines' international reserves.
In 2011, the Philippines has committed about US$524 million to the FTP facility, where the IMF drew down some $149 million to help other member countries. By April, the IMF used up another $53.5 million to extend assistance to Portugal and Greece. - Rappler.com
by Rappler.com Posted on 06/20/2012 10:14 AM | Updated 06/20/2012 12:29 PM
MANILA, Philippines - The Philippines--once a borrower and now a lender to ailing economies--has pledged to pump US$1 billion to the International Monetary Fund's (IMF) resources meant to help distressed economies, including those in the eurozone.
This pledge was announced at the recent G20 meeting in Los Cabos in Mexico where the IMF said it has received the additional $95.5 billion commitments from China and other emerging powers, bringing its war chest to $456 billion.
"The BSP’s (Bangko Sentral ng Pilipinas) commitment to the Fund’s bilateral borrowing facility is the Philippines’ show of support...," said BSP Governor Amando M. Tetangco, Jr., as quoted by major dailies in Manila.
IMF has been rallying member countries to help beef up its "resources to tackle crises and to promote global economic stability in the interests of all our members," IMF director Christine Lagarde has once said.
The Philippines joins the 37 countries that have offered money to the fund. These countries and their additional contributions include:
China - $43 billion
Brazil - $10 billion
India - $10 billion
Russia - $10 billion
Mexico - $10 billion
Turkey - $5 billion
South Korea - $2 billion
Columbia - $1.5 billion
Malaysia - $1 billion
New Zealand - $1 billion
Thailand - $1 billion
Philippines - $1 billion
Since it was the emerging economies that helped prop IMF's crisis-fighting fund pool -- which was far from its target of $430 billion before the new pledges were announced -- the message that IMF had to change after being long dominated by the now troubled economic powers of Europe and the United States is loud and clear.
while eurozone member countries' economies are suffering from the IMF-led austerity measures.
Legarde said at the G20 meeting that these additional resources would only be tapped as a second line defense after quotas have been exhausted and the New Arrangements to Borrow facility have already been used up.
The Philippines, which has a strong external position, has also been contributing to the IMF's New Arrangements to Borrow facility when it became a "creditor" country to the global lender's Financial Transactions Plan (FTP) in 2010.
That was 3 years since it paid off all its outstanding debts that saddled it for almost 45 years. These transactions earn interest and the funds can still be technically counted as part of the Philippines' international reserves.
In 2011, the Philippines has committed about US$524 million to the FTP facility, where the IMF drew down some $149 million to help other member countries. By April, the IMF used up another $53.5 million to extend assistance to Portugal and Greece. - Rappler.com
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