IMF chief hopes for consensus on $400 billion rise in funds April 17, 2012 - 11:59 AMT PanARMENIAN.Net - IMF chief Christine Lagarde hopes to gain broad consensus on a more than $400 billion rise in the fund's firepower this week, an Italian newspaper on Tuesday, April 17 quoted her as saying, though it may take some time to gain final commitments. "I really hope this week we'll reach the critical mass of more than $400 billion. We are determined to do all we can," Lagarde told financial daily Il Sole 24 Ore. "I am ready to leave the matter open for a few weeks: some countries need a little bit more time for parliamentary approval," she added. Lagarde reiterated her view that the increase needed in the IMF's firepower was now estimated to be smaller compared to when it was last assessed at end-December. "The overall risk evaluation is unchanged, but we are in April and some countries have already raised on the markets more than half of what they need for 2012, so our estimate has shrunk," she said, Reuters reported. Partner news  Top stories “It’s a pity that instead of operating flights, airplanes with Armenian flags stand idle under the sun,” Ghazaryan said. The issue was discussed by Gazprom chief Alexey Miller and Armenian Minister of Energy and Natural Resources Armen Movsisyan. On Feb 23, 2012, Yerevan Jur CJSC issued application for decreasing water prices from current AMD 174,059 to AMD 166,044 per cubic meter. Finance Minister David Sargsyan met with the regional director of KfW German Development Bank Lars Oermann.   Partner news |  Latest news UN chief hails China's peacekeeping efforts  Ban said China has provided more peacekeepers than all the other four permanent members of the UN Security Council.Iran's Guardian Council approves presidential election result Hassan Rouhani won the election by taking nearly 51% of votes. Since he won more than half, that eliminated the need for a runoff.Friends of Syria to meet in Doha on June 22: French official Assad's forces aim to retake Aleppo, where they have been mired in a bloody stalemate with rebels for nearly a year.Parliament approves amendments to law on minimum wage rate Besides, new scale of salaries will be introduced, according to which the minimum wage rate will be doubled by 2017. |
