SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Ron Wilkinson who wrote (3651)11/29/1997 5:02:00 PM
From: Ahda  Read Replies (1) | Respond to of 116861
 
Alex and All part of White House Briefing
Q -- were stripped of IMF funding, the President is
going to sign today. Given what's going on in Asia, will the
President ask Congress to restore that money in January?

MR. MCCURRY: We've indicated we will have to pursue
proposals that will allow the IMF to be fully funded, particularly as
the IMF is addressing some of these issues, but we've indicated that
we believe, given the need and given the discussions coming out of
APEC, that it will be apparent to Congress that that is a facility
that needs to be approved. The new authority for borrowing, the NAB
provision that we sought was one that, if I understand correctly, was
not widely objected to in Congress; it was tied up in a discussion of
other issues, which is why it was not included in the bill that the
President signs today.

Sooner or later Asia's problems are going to hit home.