WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Wednesday urged Congress to permanently boost U.S. funding for the International Monetary Fund, saying it was essential for Washington to maintain its influence at the global lender.
The Obama administration wants Congress to shift $63 billion (41.2 billion pounds) from an IMF crisis fund to the IMF's general accounts in order to maintain U.S. power at the international lender and make good on an international commitment made in 2010.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!