related articles .. *IMF: China's yuan Could Be Reserve Currency
June 19, 2012
China to Boost IMF Reserves
China pledged $43 billion to the International Monetary Fund's crisis-fighting reserves at the start of the G20 summit in Los Cabos, Mexico, yesterday. The move was part of a global effort to double the fund's emergency resources (Reuters) to $456 billion.
The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, finds itself again at the forefront of global economic crisis management, explains this CFR Backgrounder.
PHILIPPINES: Chinese and Philippine vessels yesterday withdrew from the disputed Scarborough Shoal (NYT) off the Philippine coast due the start of typhoon season, alleviating tensions that have persisted for two months.
In this CFR Contingency Planning Memo, Bonnie Glaser of the Center for Strategic and International Studies discusses the significant risk of conflict in the South China Sea and how the United States can prevent becoming involved in an armed clash.
Tuesday, June 19, 2012
China to Boost IMF Reserves
