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Storchak: Russia to Give $10 Bln For G20 IMF Fund
20.04.2012 13:07 "Agro Perspectiva" (Kyiv) —
Russia will contribute about $10 billion in additional funding for the International Monetary Fund,Russias Deputy Finance Minister Sergei Storchak said today following a BRICS nations finance ministers meeting in Washington.
Storchak said each of the G20 nations providing additional funding has a concrete suggestion for its share in the recapitalization fund, but only a total sum would be announced in the final declaration, and the individual states’ contributions would not be revealed.
«The BRICS insisted that there would be a stated sum without specifying who puts in what,» Storchak said, adding that President Dmitry Medvedev had approved Russias additional funding.
«I assure you, the G20 will announce a final sum,» Storchak said.
Storchak did not cite a figure but said the total «should suit (IMF chief) Christine Lagarde.»
A decision on reform of IMF voting rights is still distant, Storchak added.
«We have already talked a lot about this at deputy ministerial level, for twelve years, but still have not arrived at the legal agreement which was agreed on at Seoul regarding quota reform,» he said.
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