FROM THE OFFICE OF PUBLIC AFFAIRS September 15, 2000LS-882 We welcome the agreement announced by the IMF today to reform and streamline its lending instruments. This agreement is a key step toward the kind of change that we have been advocating to modernize the IMF in line with the challenges of today's global financial markets - so that it supports rather than supplants access to private capital markets. Building on the decision earlier this year to eliminate four facilities, the IMF has agreed to:
With today's announcement and other steps taken this year, we have seen dramatic progress to equip the IMF to function in the modern world economy and global capital markets. We look forward to reviewing this progress and discussing next steps in strengthening the international financial system at the Annual Meetings in Prague. |
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