Russia will enter the top ten of the countries participating in the IMF

Russia will enter the top ten of the countries participating in the IMF

Moscow. December 18. Russia, Brazil, India and China will get the ten major participants of the International monetary Fund (IMF), on the basis of the reform, which has been approved by the U.S. Congress. This is stated in the statement of the head of the IMF, Christine Lagarde, posted on the website background.

According to Lagarde, “the four emerging markets (Brazil, China, India and Russia) will be among the ten largest members of the IMF. The top 10 members also include the U.S., Japan and four biggest European countries (France, Germany, Italy and the United Kingdom)”.

According to Lagarde, Europe has committed itself to reduce the overall performance of the Council’s advanced economies two armchairs.

On Wednesday it was reported that us lawmakers had agreed to approve the reform –úDA, the decision about which was accepted by the leaders of the group of 20 five years ago, reported The Wall Street Journal.

Because of the opposition of Republicans in the U.S. Congress, the practical implementation of these changes which must reflect the growing weight of developing countries in the global economy, was constantly postponed.

The leaders of the BRICS countries at the meeting in Antalya in November re-emphasized the need for early conclusion of the first stage of IMF reforms that should strengthen its legitimacy.

In favour of changing the quota strongly supported by the head of the IMF Christine Lagarde. One day she said she was ready to perform a belly dance in front of American legislators, if it helps to ratify the agreement.