U.S. uses Ukraine to push for IMF voting reforms


  • World
  • Wednesday, 05 Mar 2014

WASHINGTON (Reuters) - The United States on Tuesday sought to use the crisis in Ukraine as leverage in its effort to convince Congress to approve a long-sought measure to increase the International Monetary Fund's financial power.

Treasury Secretary Jack Lew said Ukraine would be able to borrow more money and avert a potential default if U.S. lawmakers signed off on the measure, which would double the IMF's resources and give countries in crisis access to a bigger pool of potential aid.

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