Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

India's view on protectionism supported by Brazil, Russia, China

London, Sat, 05 Sep 2009 ANI

London, Sep 5 (ANI): Major forces around the world have supported Indian Finance Minister Pranab Mukherjee's view that protectionism is a real threat to the global economy.


"Emerging markets need to guard against tendencies in some developed countries to extend protectionism beyond trade to financial markets and investment," Mukherjee said in a press conference here on Friday evening.


The BRIC (Brazil, Russia, India, China) countries' issued a joint release supporting Mukherjee's views and highlighted that the reform of international financial institutions is crucial to ensuring a stable and balanced global economy.


"For the International Monetary Fund (IMF) and the World Bank Group, the main governance problem, which severely undermines their legitimacy, is the unfair distribution of quotas, shares and voting power," the release said.


"Priority should be given to a substantial shift of quotas and shares in favour of emerging markets and developing countries," it added. (ANI)


Read More: Mon

Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.