This is a fairly important development, that the IMF will continue to fund the Ukraine, despite leaders saying they will no longer attempt repayment of sovereign debt to the institution. This suggests that the IMF and its member nations are desperate to maintain the solvency of the world economy.

…From Sputnik
“I think this would be the time, because you really need to bring China into the creation of a new world order — financial world order. They are kind of reluctant members of the IMF. They play along, but they don’t make much of a contribution because it’s not their institution. Their share is not commeasurate — their voting rights are not commeasurate — to their weight. So I think you need a New World Order that China has to be part of the process of creating it, and they have to buy in. They have to own it the same way as I said the United States owns… the Washington consensus… the current order, and I think this would be a more stable one where you would have a coordinated policies.“


“…Pope Francis makes three important proposals for the reform and renewal of the UN system……the pope lends his support to the hotly debated proposals to reform the UN Security Council and international financial institutions such as the International Monetary Fund.” – From AmericaMedia.org


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