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

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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.
Page 2 - To avoid the political upheaval in these fledgling democracies, it is very much in the political as well as the economic interests of the United States to assist in the orderly resolution of the debt and growth stalemate that now hobbles them.

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