Excerpt
In response to the financial crisis in Asia, the IMF has proposed a fund to supplement its current borrowing authority. Supporters say it would ward off future problems, while opponents say it keeps afloat reckless governments and poor policies.
In This Issue
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Foreword
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Fiscal Year 1999 Budget
The President's Proposals to Congress
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Overview of the IMF
Origin, Organization, and Functions
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Asian Financial Crisis
Causes, Impact, and International Response
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Issues Before Congress
IMF Funding Proposals
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Other International Financial Institutions
World Bank Group and Asian Development Bank
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Pro & Con
Should Congress Approve New Financing for the IMF with Substantial IMF Reforms?