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Tag: IMF


Huh? Stalled IMF Package Would Help Ukraine More Than Ukraine Legislation Will Help Ukraine

Blog Post

Here’s a fact about the IMF reform package, agreed in 2010 in a negotiation led by the United States and since approved by 158 countries, but (embarrassingly and cavalierly) stalled in the US Congress: It would increase Ukraine’s access to IMF resources to deal with its financial troubles by more than twice the special $1 billion of loan guarantees for Ukraine that the Obama Administration has proposed to the Congress — and potentially almost six times as much — at virtually no cost to US taxpayers. 

I'm Embarrassed

Blog Post

USA Commits Own-Goal on the IMF

I'm an American citizen.  I'm embarrassed.  The US Congress again has failed to include in the omnibus budget bill finally passed by the House (and now going to the Senate) the trivial amount needed for the United States to finally approve critical changes at the IMF: a doubling of its resources and reform of its antiquated governance.