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US encouraged by eurozone's commitment to long-term reform
US announced that it is happy that the eurozone leaders were determined to resolve the lingering economic crisis. Although, it will be challenging, US feels encouraged by the progress. #United States #White House #NewsTracker #Eurozone #G-20 major economies
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India set to become 8th largest shareholder in IMF
India is set to become the eighth largest shareholder in the IMF after quota reforms which are likely to be finalised at the multilateral agency's Annual Meeting at Tokyo in October. #Business/Finance #World Bank #NewsTracker #International Monetary Fund #G-20 major economies
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PM defends India's $10 bn contribution to EU bailout fund
Defending the Government's decision, the prime minister said the contribution will be used up only if the need arose and asserted it will continue to be part of the country's reserves. #BRIC #Manmohan Singh #NewsTracker #International Monetary Fund #G-20 major economies
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G20 summit: China, Brazil to rescue of 'developed' nations
The G20 gathering did outline the globe's new balance of power. Developing countries projected optimism and wealth, while European and US leaders struggled just to stay solvent. #BRICs #G-20 major economies #G20 summit
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China aid doubles IMF crisis-fighting reserves to $456 bn
China pledged $43 bn to IMF's eurozone bailout fund nearly doubling the Fund's war chest to $456 billion. The BRICS nations are hoping that the hefty bailout package will increase the say of emerging economies at IMF. #Bail #BRIC #NewsTracker #G-20 major economies
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Obama, Singh may have a separate meeting at G-20 summit
Singh and Obama share an excellent bonhomie, with the President often turning to the economist-turned politician for advice on economic issues. #Barack Obama #BRIC #Manmohan Singh #NewsTracker #G-20 major economies #G 20
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India cautions against slowdown in IMF quota reforms
Pointing out that the quota formula was of central importance since quotas are the main determinant of the voting power of members, Pranab Mukherjee said efforts should be made to complete it by the target date of January 2013. #Pranab Mukherjee #International Monetary Fund #PolicyWatch #G-20 major economies #quota reforms
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'Europe's troubles hijacking G20 development agenda'
Anti-poverty groups protested that the needs of poor nations were getting neglected at the G20 Summit which seemed inclined only towards resolving the eurozone crisis. #ToWhatEffect #World food price crisis #G-20 major economies #Eurozone crisis
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Sigh of relief at G20 summit over Greek election results
Spanish Prime Minister Mariano Rajoy lauded the Greek vote while speaking to reporters in Mexico on Sunday, saying "we have improved a lot since we've entered the euro." #Greece #International Monetary Fund #DebtCrisis #G-20 major economies #G20 nations