‘BRICS’ countries pour cash into I.M.F.

June 20, 2012 at 9:41 pm | Lanka C News.

‘BRICS’ countries pour cash into I.M.F.

The ‘BRICS’ group of countries including Brazil, Russia, India,China, and South Africa have contributed a sum of U.S.D. 70 Billion to the International Monetary Fund.

With this, the wealth of the I.M.F. has increased to USD 380 Billion. According to the I.M.F. reports, China has contributed USD 40 Billion, while the other BRICS members have contributed USD 10 Billion each.
The Chinese contribution is the largest ever offered falling below only to Japan’s USD 60 Billion, and Germany’s USD 54.7 Billion.
According to the reports, U.S.A. hasn’t contributed anything to the I.M.F.
The I.M.F. sources say that, By contributing this huge sum of money,the BRICS countries are intending to gain a greater voting power in the I.M.F.

The BRICS countries say that, these funds should be used in the ‘Second Line of Defence’, when the existing funds runs out.

Hot news

Check the weights of packed items in super markets and other markets

To check the weight of items @ super markets and at other markets Co-operative & Internal Trade Minister Jonston Fernando has ordered to the Chairman Customer Affairs Authority Room Mashrook and to the Director of Weighing and Measurement Department Premasiri Kumara to arrange a sudden inspection on the weights of packed food items at super [...]

A conspiracy to kill Maithripala in Geneva; Given a heavy guard

The Minister of Health has gone to Geneva is Switzerland to participate in the World Health Day., Commonwealth countries mental health summit and the          G-15 summit. Intelligence sources have revealed that there is a threat to his life. Hence a security armed unit has been given to him for his safety. The LTTE and the [...]

Arrangements made to make the Muslim community in Jaffna larger

The Muslim Congress has emphasised that there are plans to increase the Muslim generation in Jaffna prior to the Northern provincial Council elections. In this connection there had been talks between the Vanni district Muslim respected congregation and the leader of the Muslim Congress Rauff Hakeem. It has not been decided whether the Muslim congress [...]

Visiting to the You Tube has increased in Sri Lanka

A senior officer of Google said that searching consumer items in the internet has been increased and the business field in the country has faced this challenge.   The Regional Manager of Business and Sales Development at Google Company Anand Thilak revealed this at a business conference “Building Resilient Brands” held in Colombo. He pointed out [...]

Minister advises people not to panic but to remain calm

About cadmium content in white sugar would be probed-Do not panic From investigations carried out b the Ministry of Agriculture it had revealed the  poisonous substance cadmium is contained in it. According to the Who reports it had revealed that cadmium and Arsenic poisonous substances had been found in blood samples of patients having kidney [...]