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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Zardoz who wrote (37668)	7/23/1999 5:10:00 PM
From: goldsnow	Read Replies (1) of 116770

W.House mulls ways to use IMF gold for debt relief WASHINGTON, July 23 (Reuters) - Faced with Congressional opposition to gold sales, the White House is looking at different ways to use IMF gold reserves to fund a program of debt relief, Treasury Secretary Lawrence Summers said Friday. ''We are looking at various alternatives with respect to mobilizing IMF resources to address (poor country debt relief), which is a very important priority for us,'' Summers told reporters. A senior Treasury official said on Thursday that the Clinton administration was looking at alternative ways to mobilize the International Monetary Fund's gold reserves to pay for debt relief. But he also said selling IMF gold was the only ''viable option'' so far with broad international support. biz.yahoo.com

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