On the recordMarch 24, 1998
I rise to briefly state my strong support for the $3.5 billion in NAB, the new arrangements to borrow, and also the additional $14.5 billion in replenishment. The conditions attached to this amendment, I believe, are a good compromise based on the Hagel-Gramm-Roberts bill that was introduced last week, which will make the IMF, I believe, work better in the future than it has worked up to now. It is my hope there can be further improvements also in conference. I really believe the IMF is too important at this time not to replenish, not to continue to show strong American leadership in this area. The financial crisis of other nations can no longer exist in a vacuum. They affect every other nation as we move closer to a global economy. I encourage the support of my colleagues for this very important amendment.
Source
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