IMF Funding Is Critical to our Recovery, Security


This week, the House will consider the Fiscal Year 2009 Supplemental Appropriations bill, which includes funding for the International Monetary Fund (IMF). Democrats support increasing resources to ensure that the IMF has the ability to play its central role in resolving and preventing the spread of international economic and financial crises and avoid undermining efforts we have already taken to revive our economy. This investment is critical to strengthening our economy and protecting our national security, which is why Republican and Democratic administrations have long supported the IMF and respected Republican and Democratic leaders support this funding:
“A stronger and more responsive IMF is essential to the restoration of confidence in the global economy and financial system and thus to our own economic recovery.”Letter to Speaker Pelosi and Majority Leader Reid from the Bretton Woods Committee (Henry Kissinger, Condoleezza Rice, Henry Paulson, Robert Rubin, James A. Baker, Nicholas F. Brady, Colin Powell, Paul A. Volcker, Paul H. O’Neill, Robert McFarlane, Brent Scowcroft, Anthony Lake, Frank Carlucci, and Lee Hamilton), May 2009
 
“The IMF is the linchpin of the international financial system…I have an unbreakable commitment to increased funding for the IMF.” – President Ronald Reagan, 9/27/1983
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