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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Kaena™ who wrote (1362)	10/5/1998 8:55:00 AM
From: Ahda	Respond to of 81593

That is a heck of a good question take it across the board. If there are no funds appropriated where are they going to come from?

To: Kaena™ who wrote (1362)	10/5/1998 10:14:00 AM
From: jgibbs	Read Replies (1) \| Respond to of 81593

Kaena, Here's some late news relating to your question. Hot off the wire. JimG WASHINGTON, Oct 5 (Reuters) - Britain will make no formal proposal at this week's International Monetary Fund meeting that the IMF sell any of its gold reserves, officials close to Chancellor of the Exchequer Gordon Brown said on Monday. Britain has long supported the sale of some of the IMF's 3.2 million kilos of gold reserves as a way of financing the Fund's Highly Indebted Poor Countries (HIPC) initiative of which Brown is a strong backer. ''We are not making any formal proposal this week,'' an official told Reuters, rebutting rumors that this was the case. Brown told reporters on Sunday Britain had always felt the issue of gold sales would come back onto the agenda and that there were encouraging signs from the new German government that it may be sympathetic to the idea. The former government of Helmut Kohl was always firmly against the idea. Britain has expressed concern that the $8.2 billion of debt relief envisaged for the world's poorest countries under the HIPC initiative may be difficult to raise given the apparent reluctance of some Group of Seven industrial countries to stump up their share of the funds.