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At UN, Slow Pace of IMF Reform Noted, Euro Focus Decried, FUNCA Full House

By Matthew Russell Lee

UNITED NATIONS, April 15, updated -- At a press conference on the “UN and Global Economic Governance” on Monday, Inner City Press asked Mark Uzan, Executive Director of the Reinventing Bretton Woods Committee, about the International Monetary Fund quota reforms which have been delayed by the United States.

  Uzan's answer, now on UN Television archives, noted that while emerging countries have gone from debtor to creditor, the IMF's biggest clients now are in Europe. This must change things.

  But what the US is proposing is simply accounting differently for the $63 billion it's supposed to pay. These was discussed between the IMF's Christine Lagarde and Obama's Treasury Secretary, former Citigrouper Jack Lew. Some reform.

  At the press conference, sponsored by the Permanent Mission of the Republic of Kazakhstan to the UN and featuring, in Russian, Murat Karimsakov, Chairman of the the Executive Body of "Eurasian Economic Club of Scientists" Association, the two other questions asked were both by other members of the Free UN Coalition for Access, about common currencies and the European Union. The dying UN Correspondents Association, now known as the UN's Censorship Alliance, was nowhere to be found.

  Inner City Press will be covering this week's IMF - World Bank meetings, and FUNCA will be advocating to both.

For those physically at the meetings in DC, we recommend: “IMF reform in developing country perspective: legitimacy, policy and roles of the Fund,” (co-sponsors Bretton Woods Project, REBRIP, Third World Network, Public Services International), April 19, 2013 from 4 pm - 5:30 pm at the World Bank, 1818 H Street, NW Washington, DC in Room MC C1-110. Watch this site.

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