The US Treasury Department
US Treasury misguided on IMF quotas, Economic outlook and challenges for East Asia
Commentary: US Treasury misguided on IMF quotas
By Mark Sobel in Washington
The US Treasury’s welcome stance on sustaining overall International Monetary Fund resources merits support. But its position on quotas will set back multilateralism, promote regionalism and damage US interests, and should be reversed. The IMF should have a large backstop for emergency systemic situations and when...