"The IMF leadership, and almost all of the 189 member countries — including U.S. allies such as Germany and Canada — are ready to allocate the aid that Congress is considering. The reason it hasn’t already been approved at the IMF is that the U.S. Treasury has said no, and the U.S. — alone — has a veto at the IMF on this matter. .. [I]t’s not at all clear why the Treasury is blocking this desperately needed aid. … Nor is there any reason that it should be a partisan issue … Of course the Congress has a lot on its plate, and is having trouble passing further relief that millions of Americans need to pay their bills and for many, even have enough to eat. But all indications are that Congress will pass major spending bills before the end of the year, including funding to avoid a government shutdown. It would take almost no effort to include the House or Senate bill that would unblock Treasury’s hold on the IMF funding… ” (10/1)."
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Academics from the United StatesColumnists from the United StatesNon-fiction authorsEconomists from the United StatesPeople from Chicago
Original Language: English
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If you could save a million lives, would you do it?, The Hill (1 October 2020)
https://en.wikiquote.org/wiki/Mark_Weisbrot
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Mark Weisbrot
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