World Bank Snookers U.S. Congress Again


 

Publication Date: May 1988

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Melanie S. Tammen

Research Area: Banking and finance

Keywords: Economy

Type: Report

Abstract:

The World Bank is coming hat-in-hand to Congress for $14 billion in new cash and guarantees to expand further its questionable activities. The only real leverage U.S. lawmakers seem to have over the Bankis to deny such new resources. In light of past congressional impotence to influence Bank policy, a denial of new funds seems to be the only way for Congress to reassert its authority.