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TOPIC: IMF may move to Beijing one day, says Lagarde

IMF may move to Beijing one day, says Lagarde 10 Jun 2014 03:50 #1

  • Lizzy
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IMF Managing Director Christine Lagarde smiles during a news conference at the Treasury, in London June 6, 2014. IMF Managing Director Christine Lagarde ruled herself out of the running for the job of European Commission president on Friday, saying she intended to complete her term in charge of the International Monetary Fund. She also said the IMF's headquarters may one day shift to Beijing from Washington, aligning with China's growing influence in the world economy.-- PHOTO: REUTERS

London - The International Monetary Fund's headquarters may one day shift to Beijing from Washington, aligning with China's growing influence in the world economy, the fund's managing director said.

Ms Christine Lagarde, speaking yesterday in London, said IMF rules require the main office to be located in the country that is the biggest shareholder, which the United States has been since the fund was formed 70 years ago.

The IMF founding members "decided that the institution would be headquartered in the country which had the biggest share of the quota, which chipped in the biggest amount and contributed most. And that is still, today, the United States", she said, in response to questions at the London School of Economics.

"But the way things are going, I wouldn't be surprised if one of these days, the IMF was headquartered in Beijing, for instance," she added.
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IMF may move to Beijing one day, says Lagarde 10 Jun 2014 07:07 #2

  • PFIZIPFEI
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The wandering money changers don't mind where their IMF is based, as long as it remains in chosen hands ....
"The truth must be repeated over and over again,
because error is repeatedly preached among us, not
only by individuals, but by the masses. In periodicals
and cyclopaedias, in schools and universities; every-
where, in fact, error prevails, and is quite easy in the
feeling that it has a decided majority on its side."

~ J. W. v. Goethe

Johannes Lang "The Hollow World Theory" Blog
My Zone by PFIZIPFEI
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