the ministers of finances of the European Union will request Tuesday to countries with great reserves of capital that help to duplicate to the resources of the International Monetary Fund to US$500.000 million and will look for a more central roll for the IMF in the economic control, according to a preliminary declaration.
The rough draft of the document, that the EU will present/display east weekend to ministers of finances and central bankers of the G-20, the group of countries conformed by the economies more industrialized and some emergent ones like China and Brazil, does not name to the countries that would have to contribute. China and Saudi Arabia seem probable candidates. Japan already has offered US$100.000 million.
The rough draft seems to face the EU the United States, country that glides to emphasize the necessity of majors packages of economic stimulus in the summit of the G-20 the 2 of April, remaining importance to the proposals to fortify international the financial regulation.
The declaration indicates that the EU, with 27 Member States, “is making its part to support the demand” and makes clear that the EU wishes a greater international coordination of the authorities of the financial market, with a main roll for the IMF.
The block also looks for “the fast creation of schools of supervisors for all the great financial institutions with operations in several countries”, according to the rough draft. Although the EU says that she is ready to help to lift the capacity of loan of the IMF, did not specify of how much it would be his contribution. The IMF has provided near US$48.000 million in bottoms from emergencia to countries struck by the financial crisis.
