Indonesia promote reform of IMF: Finance Minister

Jakarta,November 13: Finance Minister Bambang Brodjonegoro said on Friday that IMF reform was on Indonesia's agenda for the two-day meeting of the Group of 20 in Turkey.

Indonesian President Joko Widodo is scheduled to attend the G20 summit.

"The IMF is in the middle of a reform to make more room for emerging markets, but this has been neglected due to no approval from the United States," Brodjonegoro said.

"Indonesia urges and pushes for the reform to continue," he said, without addressing the comment directly to the US

In 2010, plans were agreed on for giving emerging markets more voting power and doubling the IMF's resources, but the US Congress has not approved the changes.

On Tuesday, China said it was working with other emerging countries to urge the US to ratify the IMF reforms 

India is the hot-spot of digital innovation: PM Modi

New Delhi: Prime Minister Narendra Modi on Monday said that India is the hot-spot of digital innovation, across all sectors.'We not only possess a gro...

Now, Rotomac Pen's Rs 800 cr defaulter flees country

New Delhi: After billionaire diamantaire Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has also allegedly gone abroad aft...

PNB scam: Odisha to review Gitanjali group's Rs 6-bn jewellery park project

Bhubaneswar: The Odisha government will review the Gitanjali group's Rs 6.36 billion project to set up a gem, jewellery, lifestyle and luxury goods pa...

Banks Face Nearly 20,000 Cr Blow In Nirav Modi Case: Tax Dept

New Delhi: Indian banks could take a hit of more than $3 billion from loans and corporate guarantees provided to diamond companies at the centre of th...