Mnuchin must not be shortsighted when deciding on IMF funding
The Hill | Wed, Apr 10, 2019
by Meg Lundsager
Treasury Secretary Mnuchin is testifying Tuesday afternoon on the international financial system. He is expected to present his position on funding for the International Monetary Fund (IMF).
This likely will include the U.S. using its 16.5-percent vote to veto a capital increase for the IMF — known as IMF quotas — which requires 85 percent of the membership to pass. This is a shortsighted position.