Issues Before Congress
IMF Funding Proposals
The current (105th) Congress is considering the financing and scope of activities of the International Monetary Fund within the context of the Asian financial crisis, its impact on the U.S. economy, and efforts to liberalize trade and investment around the world. Proposed Quota Increase The primary legislative issue regarding the IMF is a request for an increase in the U.S. capital contribution, that is, the so-called "quota." Quotas provide the IMF with the financial resources from which it extends loans to economically troubled countries. In addition to determining the size of the IMF’s capital and member’s contributions, quotas also determine…
