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China Announces Participation in IMF Capital Increase

Publisher:This station

Publish Time:2018-10-13 14:37:59

      People's Daily Online Beijing6month19By wire? stay6month18Held onG20At the Leaders' Summit in Los Cabos, Mexico,Leaders of BRICS countries believe that,Ensuring the International Monetary Fund(abbreviation“IMF”)Have sufficient resources,It is conducive to the international community's response to the major challenges in the current world economic and financial fields,BRICS countries are willing to make contributions to this end。China announced its support and decision to participate in the fund's capital increase,The amount is430USD100mn。


??The IMF's new resources are under the background of rising global economic uncertainty and increasing turbulence in the international financial market。this year4The spring meeting of the IMF held in Washington, USA in AugustG20Meeting of Finance Ministers and Central Bank Governors,The international community added4300Reached consensus on resources of US $100 million。up to now,The Fund has exceeded the target。Additional resources will be available to all Member States,Rather than specific countries and regions。


??The commitment of countries to IMF's new resources is actually the credit line to IMF,It's a preventive arrangement,The actual use amount in the future may be far less than the commitment amount。2009China promised to subscribe when the Fund increased its capital in500$100 million of IMF bills,Up to now, only about57USD100mn。This time, China will still participate in the fund's capital increase in the form of purchasing the fund's bills。This commitment to increase capital is not free assistance,It is the fund that borrows money from me on the basis of ensuring capital security and reasonable income。so far,Principal security of fund notes purchased in China,Normal interest payment。It is in China's interest to participate in the fund's capital increase,Commensurate with China's international status and responsibility。


??As a share based international institution,IMF should complete the project on time2010Annual share reform。meanwhile,IMF should continue to improve its governance structure,F(xiàn)urther improve the voice and representation of emerging markets and developing countries。


China Announces Participation in IMF Capital Increase

Publisher:This station

Publish Time:2018-10-13 14:37:59

      People's Daily Online Beijing6month19By wire? stay6month18Held onG20At the Leaders' Summit in Los Cabos, Mexico,Leaders of BRICS countries believe that,Ensuring the International Monetary Fund(abbreviation“IMF”)Have sufficient resources,It is conducive to the international community's response to the major challenges in the current world economic and financial fields,BRICS countries are willing to make contributions to this end。China announced its support and decision to participate in the fund's capital increase,The amount is430USD100mn。


??The IMF's new resources are under the background of rising global economic uncertainty and increasing turbulence in the international financial market。this year4The spring meeting of the IMF held in Washington, USA in AugustG20Meeting of Finance Ministers and Central Bank Governors,The international community added4300Reached consensus on resources of US $100 million。up to now,The Fund has exceeded the target。Additional resources will be available to all Member States,Rather than specific countries and regions。


??The commitment of countries to IMF's new resources is actually the credit line to IMF,It's a preventive arrangement,The actual use amount in the future may be far less than the commitment amount。2009China promised to subscribe when the Fund increased its capital in500$100 million of IMF bills,Up to now, only about57USD100mn。This time, China will still participate in the fund's capital increase in the form of purchasing the fund's bills。This commitment to increase capital is not free assistance,It is the fund that borrows money from me on the basis of ensuring capital security and reasonable income。so far,Principal security of fund notes purchased in China,Normal interest payment。It is in China's interest to participate in the fund's capital increase,Commensurate with China's international status and responsibility。


??As a share based international institution,IMF should complete the project on time2010Annual share reform。meanwhile,IMF should continue to improve its governance structure,F(xiàn)urther improve the voice and representation of emerging markets and developing countries。


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