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IMF additional SDR China or subscription of about 6.28 billion

Fernando Filipe

by Professional editor working for Locks .

International Monetary Fund (IMF) 21 held a press conference in particular, issuance of IMF special drawing rights (SDR) an explanation of the details.

IMF researchers said that in order to maintain the existing share the proportion of members of the SDR, the new SDR share in accordance with the proportion of their existing distributed. The basis of this calculation, China will subscribe for 6.28 billion of IMF about additional SDR.

G20 gathering in agreement with the affirmation, IMF will be an added 250 billion U.S. dollars worth of exceptional drawing rights.

At present, China's share in the IMF graded the United States, Japan, Germany, Britain and France. A pro-rata cornerstone in agreement with the matching in SDR matching of 250 billion U.S. dollars, the U.S. dollar 42.7 billion U.S. dollars to Japan for 15.3 billion U.S. dollars, 15 billion U.S. dollars in Germany, Britain and France for 12.4 billion U.S. dollars each.

In supplement, IMF in its newest "World Economic Outlook" report that the present unsure financial outlook is still biased down high ground, and calls upon States to take a powerful macroeconomic policy.

IMF report said that even in the crisis after the end of the world economy there will be a difficult transition period, the growth rate will be significantly lower than in previous years, the growth rate of the economy during the uplink. The short term, countries should ensure that access to the liquidity of financial institutions; to identify and deal with toxic assets; of weak but viable institutions still carry out a capital injection. Many countries as a result of the policy interest rate has been close to zero, it should quickly make use of other policies to stimulate the economy. Emerging economies also need to ease monetary policy to cope with the possibility of worsening economic prospects. At the same time, should be the sustainability of fiscal stimulus measures and fiscal policies. Governments should not only pursue short-term expansionary policies, but also make it on the medium-term prospects for financial and economic confidence.

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