-Caveat Lector- JANUARY 07, 11:07 EST IMF Head Urges More Reforms Michel Camdessus AP/ [17K] ------------------------------------------------------------------------------ -- PARIS (AP) — Michel Camdessus, the outgoing managing director of the International Monetary Fund, said today that the IMF should be given better-defined responsibilities and more political weight. ``I believe in the political responsibility of multilateral institutions,'' Camdessus said in an interview with the French financial daily Les Echos. Camdessus said that the IMF's interim committee — currently a consultative grouping with no executive powers — should be transformed into a full-fledged decision-making body. He also said that he would like to turn the G7 summit into a wider gathering every two years by including the IMF's 24 board member countries, the World Bank and the secretary-general of the United Nations. ``This would, at last, enable us to establish a coordination of strategies,'' he said. The G7, or Group of Seven major industrial nations, gathers the political leaders of the United States, Canada, Japan, Britain, France, Germany and Italy for periodic meetings. Camdessus, who has made it clear he will resign in mid-February, said he is proud of the support the IMF provided during his tenure to countries such as Poland. ``Today Poland can hope to join not only the European Union, but also the euro,'' Camdessus said, referring to the single European currency. ``They are aiming for a balanced budget in 2003, inflation below 4 percent and, by that date, they should have completed privatization.'' He warned that the dispute between the IMF and Russia was yet to be resolved. He said that although Russia has met economic criteria set by the IMF, the Russian Parliament has failed to adopt two key pieces of legislation. One covers financial institution bankruptcies and the other, transfers to state coffers from government-owned monopolies. home ] us news ] world ] business ] sports ] weather ] search ] help ] Copyright 2000 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Comments and questions AP privacy statement DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance—not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
