U.S. Participation in the Multilateral Development Institutions: Hearings Before the Subcommittee on International Development Institutions and Finance of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-eighth Congress, First Session, April 18 and 20, 1983

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Page 38 - Kindleberger considers the absence of a "leader" to be a major explanation for the 1929-crisis: "... the 1929 depression was so wide, so deep and so long because the international economic system was rendered unstable by British inability and United States unwillingness to assume responsibility for stabilizing it...
Page 39 - When every country turned to protect its national private interest, the world public interest went down the drain, and with it the private interests of...
Page 38 - Referring to all the multilateral development banks together, it noted that they had been "most effective in contributing to the achievement of our global economic and financial objectives and thereby also helping us in our long term political/strategic interests.
Page 3 - Development, the Inter-American Development Bank, the Asian Development Bank, and the African Development Bank.
Page 136 - Operations 1. The total amount outstanding of loans, equity investments and guarantees made by the Bank in its ordinary operations shall not at any time exceed the total amount of its unimpaired subscribed capital, reserves and surplus included in its ordinary capital resources, exclusive of the special reserve provided for by Article 17 of this Agreement and other reserves not available for ordinary operations.
Page 121 - Thank you very much. [Whereupon, at 3:30 pm, the subcommittee was adjourned, subject to...
Page 36 - Bank, the Asian Development Bank, the African Development Bank, and the Inter-American Development Bank could seek funding for a portion of their lending programs from the oilexporting countries.
Page 151 - Bank is authorized to make, participate in or guarantee loans to its developing member countries or their governments, to any of their agencies or political subdivisions, and to public or private enterprises operating within such countries, as well as to international or regional entities concerned with economic development in the region.
Page 93 - Improvement or help members with credit for snail business enterprises, experience has shown that low-Income people will save and contribute their limited resources to a cooperative enterprise which they view as an opportunity to advance economically. Funding for much of this International work Is provided by the US Agency for International Development (AID), local governments and US and Indigenous cooperatives In developing countries. There has also been some...
Page 34 - ... to recognize the committee's ranking Democrat, Mr. Skelton, for any remarks he'd like to make. [The prepared statement of Mr. Spence can be found in the appendix on page 51.] STATEMENT OF HON. IKE SKELTON, A REPRESENTATIVE FROM MISSOURI, RANKING MEMBER, COMMITTEE ON NATIONAL SECURITY Mr. SKELTON. Thank you, Mr. Chairman. I join you in welcoming our distinguished witnesses, Secretary of State Albright, Secretary of Defense Cohen, General Shelton, Chairman of the Joint Chiefs of Staff, and General...

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