As relayed in IHT of Tues Feb 22
Fund and World Bank face era of change
BEIJING Chancellor of the Exchequer Gordon Brown of Britain and Finance Minister Jin Renqing of China on Monday called for the reform of international financial institutions to help deal with rapid economic change. . Brown, chairman of the Group of 7 industrial nations this year, and Jin, president of the Group of 20 nations, want the International Monetary Fund and the World Bank to meet "the changing roles for international financial institutions," the two men said in a joint statement issued after a meeting here. . Brown is on a three-day trip to China to try to improve trade relations with Britain and to seek ways of helping developed economies adapt to the emergence of rapidly growing nations including China. . "We are committed to re-examining the strategic role of the IMF and World Bank - in particular, the importance of a more independent role for the IMF in the vital task of surveillance of the world economy," the statement said
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http://www.iht.com/articles/2005/02/21/business/brown.html
