Mr.Zuma said the global economic crisis highlighted the need to reform the international financial system and multilateral lending groups like the World Bank and International Monetary Fund.
VOA: standard.2009.06.10
Mr. COLL: Well, it provides economic support for the Pakistan government and it provides support through the IMF and the World Bank for multilaterallending and direct grants to Pakistan.
Without both, Ecuador will not get the stand-by agreement with the Fund that it needs to renegotiate its debts to bilateral official lenders abroad, and open the door to new multilaterallending.
Even as the Group of 7 nations avoided a WTO-style contest for IMF head, America may pursue its own line on the future of the Fund, not to mention other multilaterallending agencies.