Nation urges more say in global finance
文章来源: 文章作者: 发布时间:2009-06-26 07:08 字体: [ ]  进入论坛
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Four of the largest developing nations called for emerging economies to have a bigger say in the global financial system as G20 finance ministers vowed1 to combat the worst downturn since the 1930s.

Brazil, Russia, India and China, or BRIC, said in a statement on Saturday: "We call for urgent action with regards to voice and representation in the International Monetary2 Fund (IMF) in order that they better reflect their real economic weights."

They also wanted the representation reform of the World Bank, scheduled to be completed by April 2010, to be speeded up.

"More balanced, proactive, coordinated3 and countercyclical" economic policies are needed to promote global economic recovery, the statement said.

Finance Minister Xie Xuren called for joint4 efforts from the international community to accelerate the reform of international financial institutions and build a new global financial system, which is "fair and square, compatible and orderly".

"At a global level, the voice of emerging and developing economies in the international financial system should be increased and trade and financial protectionism should be prevented," Xie said.

The BRIC countries are taking measures to promote domestic demand and will continue to do so, the statement said, adding that protectionism should be jointly5 tackled.

The statement was released at Horsham in southern England at the G20 meeting of finance ministers and central bank governors, before their nations' leaders meet at the G20 summit in London on April 2.

Currently, developed economies dominate international institutions. For example, the voting rights of BRIC countries in the IMF are 9.62 percent of the total, which accounts for about half of the voting rights the US holds.

According to the schedule set at the weekend meeting, the next review of IMF quotas6 should be concluded by January 2011.

"China and other countries such as Saudi Arabia should be encouraged to actively7 increase IMF resources and the voting rights structure should be reformed," Uri Dadush a senior associate with the US think-tank Carnegie Endowment, told China Daily last week.

At the weekend meeting, ministers from the world's largest economies also pledged to regulate hedge funds and start closer checks on credit ratings agencies to prevent a repeat of a financial market crisis that is crippling businesses and putting millions out of work.

"We are committed to deliver the scale of sustained effort necessary to restore growth," the ministers said in a statement promising8 extra money for the IMF and regional lenders such as the Asian Development Bank.

No figure was released but one official attending the talks told Reuters they centered on more than doubling the $250 billion currently at the IMF's disposal to help countries hit by a halt to credit and investment.

Separately, British Prime Minister Gordon Brown, who will host the summit of G20 leaders on April 2, said "massive change" was about to take place in financial market regulation, notably9 supervision10 of hedge funds.

The G20 accounts for over 80 percent of the world's gross domestic product, which is expected to shrink in 2009 by more than any year since the 1930s after the financial crisis that erupted in the United States in 2007 engulfed11 confidence, activity, trade and jobs worldwide.



点击收听单词发音收听单词发音  

1 vowed 6996270667378281d2f9ee561353c089     
起誓,发誓(vow的过去式与过去分词形式)
参考例句:
  • He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
  • I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。
2 monetary pEkxb     
adj.货币的,钱的;通货的;金融的;财政的
参考例句:
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
3 coordinated 72452d15f78aec5878c1559a1fbb5383     
adj.协调的
参考例句:
  • The sound has to be coordinated with the picture. 声音必须和画面协调一致。
  • The numerous existing statutes are complicated and poorly coordinated. 目前繁多的法令既十分复杂又缺乏快调。 来自英汉非文学 - 环境法 - 环境法
4 joint m3lx4     
adj.联合的,共同的;n.关节,接合处;v.连接,贴合
参考例句:
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤,肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
5 jointly jp9zvS     
ad.联合地,共同地
参考例句:
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
6 quotas 56efa1d6a3d7b4abe55e080dda812715     
(正式限定的)定量( quota的名词复数 ); 定额; 指标; 摊派
参考例句:
  • In fulfilling the production quotas, John made rings round all his fellow workers. 约翰完成生产定额大大超过他的同事们。
  • Quotas of the means of production are allocated by the higher administrative bodies to the lower ones. 物资指标按隶属关系分配。
7 actively lzezni     
adv.积极地,勤奋地
参考例句:
  • During this period all the students were actively participating.在这节课中所有的学生都积极参加。
  • We are actively intervening to settle a quarrel.我们正在积极调解争执。
8 promising BkQzsk     
adj.有希望的,有前途的
参考例句:
  • The results of the experiments are very promising.实验的结果充满了希望。
  • We're trying to bring along one or two promising young swimmers.我们正设法培养出一两名有前途的年轻游泳选手。
9 notably 1HEx9     
adv.值得注意地,显著地,尤其地,特别地
参考例句:
  • Many students were absent,notably the monitor.许多学生缺席,特别是连班长也没来。
  • A notably short,silver-haired man,he plays basketball with his staff several times a week.他个子明显较为矮小,一头银发,每周都会和他的员工一起打几次篮球。
10 supervision hr6wv     
n.监督,管理
参考例句:
  • The work was done under my supervision.这项工作是在我的监督之下完成的。
  • The old man's will was executed under the personal supervision of the lawyer.老人的遗嘱是在律师的亲自监督下执行的。
11 engulfed 52ce6eb2bc4825e9ce4b243448ffecb3     
v.吞没,包住( engulf的过去式和过去分词 )
参考例句:
  • He was engulfed by a crowd of reporters. 他被一群记者团团围住。
  • The little boat was engulfed by the waves. 小船被波浪吞没了。 来自《简明英汉词典》
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