Brazil: Emerging economies want IMF reform to help Europe

February 26, 2012 01:54


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


MEXICO CITY - Emerging market economies will give more money to help ease Europe's debt crisis only if they are given more power within the IMF and if Europe first puts up more cash itself, Brazil's finance minister said on Saturday.

Guido Mantega said there was a consensus among the Group of 20 major world economies that Europe has to do more to fix its own debt problems before other countries give extra funds to an International Monetary Fund war-chest to help countries strapped for cash.

"Emerging countries will only help under two conditions; first that they strengthen their firewall and second for the IMF (quota) reform be implemented," Mantega told reporters.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
March 23, 2019
China chemical plant blast kills 62