Mantega says that the IMF commitment to reforms is 'the way we want'
24/04/2012 20:21 - Portal Brasil
The Finance Minister, Guido Mantega, said that the commitment to reforms announced on April 20 by the International Monetary Fund (IMF), is "the way we want". "[The reform] is the way that we want. Nothing is missing", the Minister said, referring to the final declaration by the IMF, which contains a clear message of commitment to the changes that are supported by emerging countries.
The IMF announced that it has raised more than US$ 430 billion from its members - with US$ 362 billion coming from Japan and European countries. However the BRIC countries - a group formed by Brazil, Russia, India and China - are linking their capital injection to reforms, and did not disclose exact figures. The contribution of this group of countries is within an overall figure of around US$ 72 billion, which also includes participation by some Asian countries. Mantega said the US$ 430 billion is "an overall value with which we all agree - including the BRIC countries".