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The reforms would double the Fund's resources and hand more IMF voting power to countries like the so-called BRICS - Brazil, Russia, India, China and South Africa.
The U.S. Congress has refused to sign off on the overhaul, which was agreed to in 2010, and the failure overshadowed even the crisis in Ukraine and the spillover effects of ultra easy monetary policies in advanced economies in the discussions.
The pace really has begun to pickup, at least it seems that way to me.
reply to post by Davian
The problem which seems all too often is that we are given two sides to the same coin and expected to respond to it .I do believe that tptb use the Hegelian dialectic to re-shape us towards their one world Govt . The whole idea that we need to choose between this side or that one blurs what might be a better approach .We are seeing more and more that countries are figuring a better solution to what is really ailing them .The fact that the NSA leaked documents have come to light and countries are looking at getting away from that sort of lack of control should really scare tptb and it seems that it is . I guess the days of not factoring in the outside involvement are one of the first measures the different countries will have to consider first ...game changer comes to mind .
You people seem to get so excited over nothing. The US may or may not pass these reforms. The IMFs response is to either start some reforms without the US, which will not work or do nothing. In the end they will come to some sort of deal because the IMF does not exist without the US and the US profits greatly from the IMF.