China to raise Bretton Woods reform

[Chicago Democrat]

China to raise Bretton Woods reform
Nov 22 07:06
AFP

(snip)
"Discussions will focus on reform of the Bretton Woods system, the reform of trade and development and discussions of new international financing development mechanisms," Jin said at the closing news conference of a weekend meeting of G20 finance ministers and central bank governors in Berlin.
(snip)

The International Monetary Fund and the World Bank emerged from the Bretton Woods accord.

(snip)

But they said risks to growth had increased due to volatile oil prices, the US budget and current account deficits, and "geopolitical concerns" - possibly referring to issues such as terrorism and instability in Iraq.

(snip)

The exclusion of the subject (the fall of the dollar), never officially on the agenda, represented a victory for the US, which had not wanted it discussed.

http://afr.com/articles/2004/11/22/1100972285241.html