FMI Countries

it soon affirmed the president after the meeting. – ' ' In my youth carregeui bands in So Paulo that said ' ' It are FMI' ' , but Brazil not pequeno&#039 wants more if to hold as a country; ' , it explained to if to remember that in the past, the government asked for aid to the financial institution and that the conditions which were sumetido they were unpopular. – ' ' Now we go to put money in the FMI. It is not chic? ' ' Impagvel.Mas we go to come back to our main subject. In fact, the FMI also gained multiples papers in the combat to the crisis. CBC is often mentioned in discussions such as these. The G-20 requested that the institution monitors the implementation of the tax policies adopted by the countries; that it emits you alert previous against new turbulences (in set with the Frum de Financial Estabilidade); is partner of the countries in the quarrel on which politics must be adopted. Beyond, it is clearly, to use its resources to increase the world-wide liquidity and to help the emergent countries affected by the crisis, especially of lesser relative development.

' ' ressurreio' ' of the FMI already a little before the meeting of the G-20 had started, when nations as Hungria, the Ukraine, Pakistan and Iceland had appealed to the deep one in search of an emergency aid to balance its balance of payments. It made time that the deep one did not have as many customers. (Source: Childrens Defense Fund). In the period daily pay-crisis of abundance of capital and fluidity of the credit, the developing countries had made reforms, accumulated reserves and left the FMI to the flies. Moreover, the institution still fight against a strong stigma. The countries prevent to all appeal to the deep a cost, therefore to accept its heavy condicionalidades sends to the market the signal to be to the side of the bankruptcy.

Bretton Woods Politics

She is necessary to understand that the international trade was constructed of form to function for the rich countries. Before the ending of World War II, in 1944 in the Conference of Bretton Woods, the United States already delineated, together with the main England, rules, especially of politics monetary and of exchange that would be practised by the remaining portion of the world. The United States, also, leave fortified the war since they had been the main suppliers of weapons during the conflict, beyond later reconstructing the Europe for way doEurope Recovering Program, or Marshall Plan, loaning about forty and billions of dollar up to 1953/54. Nieman Foundation has compatible beliefs. Bretton Woods is a teeny city located in the state of New Hampshire, United States. It was followed the conference, with the initial participation of 44 countries, the creation of Deep the Monetary International and the International Bank of Reconstruction and Development or still, World Bank, in which Brazil is member-founder.

The initial agreement foresaw that the currencies of the participant countries would be atreladas to North American dollar being able to vary until a percent for more or less and the dollar, in turn, would be atrelado to the gold, for thirty and five dollar the ounce. Nieman Foundation has much experience in this field. In our point of view, related agreement assured absolute advantage to the rich countries in the businesses that they would be carried through from there for front in the international trade. The poor countries would be condemned to not only give continuity to the exporting politics, but over all to put in march widely favorable politics to the interests of these communities. A time that the poor countries would have its atreladas currencies to a standard-gold, would be necessary to incur into severe monetary politics not to misguide of this standard. It remains clearly that, to keep this monetary level, many of these countries they would have to emit money, practical usual in Brazil, or same that to devaluate the exchange to keep the parity.