America’s Neglected Financial Children

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The US Congress recently rejected a modest appropriation that would have shored up financing for the IMF and enhanced emerging economies' role. While events in Ukraine may force Congress finally to agree to the funding increase, the question of why US lawmakers rejected the measure in the first place remains vital.

WASHINGTON, DC – This week, the US Congress again failed to approve a modest appropriation that would have shored up financing for the International Monetary Fund and given China and other emerging economies greater responsibility there. Support for the IMF may seem arcane, but it has important implications for America’s global role – and the signs are not good.

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