Update on IMF Reforms & Congressional Delays
By JC Collins
With so much financial news being fed to us with a fire hose, let’s take a few minutes to recap the status of the 2010 IMF Quota and Governance Reforms, and the deadlines which have been established.
The large number of substantial events which are scheduled for the month of September has some what overshadowed the IMF deadline on reforms, which has been set at September 15th. I will not list these events, as I’m sure most of you have already thoroughly researched and been made aware.
The International Monetary Fund has given the United States until Sept 15th to act on the legislation supporting the 2010 reforms. If action isn’t taken by the US Congress before that date, the mandate it to have an interim solution on reforms established by Sept 30th.