日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

IMF reforms welcome
(China Daily)
Updated: 2006-09-20 06:32

By raising the voting shares of four previously under-represented members, including China, the International Monetary Fund (IMF) on Monday officially launched an overhaul that, hopefully, will leave the 61-year-old institution more effective as a result.

The IMF's reform plan won support from an overwhelming majority of member countries, which bodes well for the prospects of the reform.

In the next stage, the reform will involve adjusting a bigger range of voting rights in favour of developing countries and an attempt to install a new operating mechanism.

Reform is known to be an extremely difficult business at any international organization. So for those who are concerned with the future of global economic relations, this broad agreement among IMF members can serve as a small comfort, especially after the debacle at the World Trade Organization over the Doha Round.

Ultimately, the goal of IMF reform is for it to better perform its role as the key guardian of global financial stability.

The IMF's work in providing emergency funding assistance and policy consultation in past decades deserves recognition.

But many of the remedies it imposed on crisis-hit countries were far from being effective. Some of the IMF's relief packages were even interpreted as tools to intervene in member countries' domestic affairs and have led to resentment and wariness towards the organization.

Judging by the global economic status quo, the likelihood of financial failures is not likely to lessen, leaving the IMF with an even more challenging task.

Instead of working as a fire fighter after crises flare up, the IMF should strengthen its work in surveillance and policy co-ordination among its members to forestall economic catastrophes.

But this will depend on the IMF's ability to enhance its credibility. The redistribution of its voting rights will be the first substantial step in achieving that end.

For more than half a century, the IMF's voting structure reflected the global economic landscape at the time of its inception. Obviously, this is unfair to emerging economies, which have disproportionately low weight in the IMF's decision-making.

The current reform plan should also include the establishment of a mechanism for future adjustments, since the economic map will not remain static in the future.

Tough negotiations will be unavoidable in the next stage of the plan's implementation because it will involve what many see as a realignment of interests.

For those who mastermind the reform, wisdom and tactics are needed to present a well-accepted, calculating method.

But the reform's success will hinge on member states' determination to grasp this opportunity to reinvent the IMF.

(China Daily 09/20/2006 page4)

 
 

主站蜘蛛池模板: av在线www| 天天狠狠操 | 久久青青热 | 久久国语精品 | 国产无套精品一区二区 | 五月婷在线观看 | 成人免费看片视频在线观看 | 欧美精品四区 | 美女天天干 | 毛片视频网址 | 亚洲欧美综合在线观看 | 五月激情啪啪 | 97爱爱爱| 欧美激情视频一区二区 | 波多野结衣精品在线 | av一级在线 | 精品久久国产视频 | 不卡精品视频 | 日本一道高清 | 亚洲国产精品久久久久久久 | 日韩成人在线观看视频 | 欧美一区二区日韩 | 久久影片 | 欧美日韩国产麻豆 | 91亚洲国产 | 国产啊v在线观看 | 在线午夜视频 | 国产一级免费在线观看 | 欧美日韩大片 | 亚洲理论片 | 91久久国产综合久久91精品网站 | 欧美国产日韩综合 | 亚洲色图清纯唯美 | 亚洲一级片在线播放 | 日韩精品天堂 | 91麻豆视频在线观看 | 一区二区三区四区在线观看视频 | 黄色一级视频网站 | 国产最新网址 | 天堂中文字幕在线 | 久久精久久 |