Role of Multilateral Development Institutions in Global Economy: Hearing Before the Subcommittee on International Development Institutions and Finance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-ninth Congress, First Session, July 30, 1985
United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Development Institutions and Finance
U.S. Government Printing Office, 1985 - Debts, External - 46 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
able adjustment agriculture approaches areas assistance balance become believe Bereuter better borrowing countries budget capital Chairman Lundine changes circumstances coming commitment committee competitive concerned constructive continue crisis debt crisis debt problem deficit dependent designed developing countries difficult direct early economic effective efficiency efforts encourage existing exports external fact financing Fund give going greater grow growth guarantees hearing important improve increase industry institutions interest investment judgment kind LaFalce Latin America lending less loans long-term look major markets McCandless measures meet Michigan months opportunities particular Peru policies political potential programs progress projects question rates regional require reserves respect role Roukema Schumer sectors seems sense situation statement structural subcommittee success sustained talking Thank things tion trade understand United Volcker World Bank
Page 45 - If there are no further questions, I would like to thank the...
Page 21 - However, all the heavily indebted countries in Latin America and elsewhere need to move from a situation of endemic financial crisis to another stage in development, looking toward what is necessary to sustain growth. As they do so, the particular skills and resources of the World Bank become increasingly relevant. Heavy reliance on the shorter-term tools of the IMF should then be phased down and out.
Page 12 - Subcommittee to discuss the multilateral development institutions and their role with respect to the debt and growth problems in the developing countries.
Page 17 - With its traditional emphasis on investment planning and project lending, the World Bank was not in a position to react as quickly as the IMF to the immediate adjustment needs of the major borrowing countries.