U.S. Role in the International 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, May 9, 1985 |
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amendment American Appendix Articles of Agreement Asian Development Bank BEREUTER Bipartisan Support Bretton Woods Committee capital market Chairman LUNDINE CONG CONGR LIBRARY CONGRESS LIBRARY CONGRESS THE LIBRARY coun developing countries donor countries Doug Douglas Dillon economic progress effective efforts Eisenhower Administration financial stability foreign economic policy foreign policy former Secretaries free alongside ship freedom and opportunity global economic growth governments Henry H History of Bipartisan important increase insti Inter-American Development Bank INTERNATIONAL DEVELOPMENT INSTITUTIONS international economic cooperation international financial International Monetary Fund Item joint statement Kennedy Latin America lending LIBR LIBRA LIBRARY OF CONGR LIBRARY OF CONGRESS loan windows MCCANDLESS ment multilateral banks multilateral development banks multilateral development institutions multilateral institutions negotiated percent President problems regional development banks role Secretary Dillon Senate Trade with Developing Treasury U.S. contributions U.S. leadership U.S. participation U.S. PROCUREMENT U.S. share United World Bank world economic World War II
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Page 26 - Trade (GATT) ; the International Monetary Fund (IMF) ; the International Bank for Reconstruction and Development (IBRD) ; the International Finance Corporation (IFC) ; and the various other United Nations agencies including the Economic Commission for Europe.
Page 12 - Development, the Inter-American Development Bank, the Asian Development Bank, and the African Development Bank.
Page 22 - Canada which will adversely affect the interests of the United States as well as those of the Power Authority.
Page 4 - In this context, they recalled and reaffirmed the statement in the Bonn Economic Declaration on the debt situation. Sustained growth in world trade, lower interest rates, open markets and continued financing in amounts and on terms appropriate to each individual case are essential to enable developing countries to achieve sound growth and overcome their economic and financial difficulties.
Page 4 - Sustained growth in world trade, lower interest rates, open markets and continued financing in amounts and on terms appropriate to each individual case are essential to enable developing countries to achieve sound growth and overcome their economic and financial difficulties. Flows of resources, including official development assistance, should be maintained and, wherever possible, increased, especially to the poorer countries. In particular, more stable, long-term finance, such as direct investment...
Page 4 - We are deeply concerned about the plight of African peoples who are suffering from famine and drought. We welcome the positive response from our citizens and from private organizations, as well as the substantial assistance provided by the governments of many countries and the establishment by the World Bank of the Special Facility for sub-Saharan Africa. We shall continue to supply emergency food aid. In addition, we shall intensify our cooperation with African countries to help them develop their...
Page 4 - Political obstacles in the countries concerned should not be allowed to stand in the way of the delivery of food to the hungry. We emphasize the need to examine the establishment of a research network on dry zone grains. We shall strengthen our cooperation with African countries in fighting against desertification. Continued efforts are needed by all countries in a position to contribute to any or all of this work. We call upon the Soviet Union and other Communist countries to assume their responsibilities...
Page 4 - In particular, more stable, long-term finance, such as direct investment from industrial countries, should be encouraged. We welcome longer-term debt restructuring agreements between debtor countries and commercial banks. We continue to stand ready, where appropriate, to negotiate further multi-year reschedulings of debts to governments and government agencies. We continue to encourage the constructive dialogue with the developing countries in the existing international institutions with a view to...
Page 4 - ... continue to encourage the constructive dialogue with the developing countries in the existing international institutions with a view to promoting their economic development and thereby their social and political stability. We emphasize the crucial role of, and the improved cooperation between, the International Monetary Fund and the World Bank Group in supporting policies by debtor countries necessary to strengthen the confidence of domestic and foreign creditors and investors, to mobilize domestic...