Political Quotes

On the recordSeptember 18, 1998
agriculture needs to have the International Monetary Fund recharged so that our markets in Asia and elsewhere can once again become stable trading partners. Yet, we have heard some say Congress should not recharge the reserves because the IMF has not been successful in helping ailing currencies. The causes of Asia's currency problems are far too complex to lay blame, entire blame with the IMF. However, there is a simple truth: When Asia's economies suffer, so do American exports and jobs. We must redefine our relationship with the IMF so that we get a better accounting of how our limited tax dollars are used. Yet, reforming this relationship and recharging the IMF's reserves do not need to cancel each other. The House should follow the Senate's lead in approving IMF's recharge, while at the same time placing conditions on the use of these funds. The sooner Asia's currency is rebound, the sooner agriculture can export our surpluses.
Said by
Bill Barrett
Nebraska

Editor's note · Context

Discussing the need to recharge the IMF to stabilize Asian markets and support American agriculture.

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