Joint development effort BRIC countries refused to compromise on IMF quota adjustment programs.

<P> Interfax quoted Russian Deputy Finance Minister DmitryPankin today as saying that the BRIC countries (Brazil, Russia, India and China) will not be the International Monetary Fund (IMF) quota adjustments to make new compromises on the issue .If the IMF does not adhere to the original quota adjustment programs, the BRIC countries will join hands to resist. .</ P> <P> DmitryPankin at a press conference on Friday, said BRIC finance ministers at the meeting held on Thursday has been consensus on this issue. .He said: "In the BRIC countries will not compromise on matters of principle." Under the original program, the International Monetary Fund will 5% of the quota from the original too many countries move on behalf of underrepresented countries, but this program .encountered much resistance, some developing countries believe that the transfer rate of 5% of the quota is not enough, and some developed countries refuse to reduce the quota. .</ P> <P> DmitryPankin told reporters: "We have made great concessions, and now the BRIC countries have agreed to accept the transfer rate of 5% of the quota." He said: "The adjustment of developing countries in the International Monetary Fund .Organization, said the quota share rose to 44.5% of total, but still can not with these countries and the World Bank 47% quota share of matches. "He added that, even so, some developed countries are still reluctant to reduce their own in the IMF .share of the quota. .</ P> <P> DmitryPankin said: "While we very much hope that the IMF quotas at the annual meeting can be adjusted to reach an agreement, but the current situation is very little hope." He said: "Although the United States .quota adjustment may be willing to compromise, but the EU seems in no hurry to reach an agreement on this issue. "</ P>.