On page A5 of Washington Post,April 26, 2009:
Global financial chiefs agreed to reshape the IMF, moving to broaden its mission and accelerate plans to give developing giants including China, Brazil and India more say within the institutions.
The fund, the IMFCommittee said may also consider market borrowing to increase its resources. IMF will issue bonds similar to US Treasury bills. That would provide new ways for developing giants such as China to invest in the fund, the IMF and China are close to agreeing on a deal in excess of $40 billion.
Here is empirical evidence to monitor economics in action for globalization to resolve economic crisis from recession to recovery soon.
Francis Shieh aka Xie Shihao is watching such happening with interest and to share such developments with readers.
April 26, 2009 at 9.18 a.m.
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