Heavy Suitcases: China Pledges US$43 Billion to IMF

Hu Jintao is leaving Mexico lighter than when he arrived. As expected he stumped up significantly when the IMF (International Monetary Fund) passed the hat. To support a bailout rescue fund for Europe, China pledged US$43 billion.

Brazil’s Dilma Rousseff, Russia’s Vladimir Putin, India’s Manmahon Singh, China’s Hu Jintao and South Africa’s Jacob Zuma

The injection of cash at an opportune time will help China realise its goal of achieving greater influence in world dialogue.  The photo above shows the leaders of “emerging” or developing nations. Between them they represent a significant percentage of the world’s population. And when it comes to strong economies you can’t go past them.

The “Old World” order led by Britain, America, Germany and France has a disproportionate share of challenges. And while it may not be easy-going for these “New World” leaders, its time for them to assume the mantel of influence that is due given their strong contribution to the world economy.

 

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