Number: RL32364
Title: International Monetary Fund: Organization, Functions, and Role in the International Economy
Authors: Jonathan E. Sanford and Martin A. Weiss, Foreign Affairs, Defense, and Trade Division 
Abstract: IMF member countries agreed on a quota increase in 1997. The U.S. Congress subsequently appropriated additional funding for the IMF in October 1998 in the midst of the Asian financial crises, a decision that engendered considerable debate in light of growing criticism of the IMF and its lending practices. In 2002, the IMF did not request any additional increase in funding. Although appropriations of new funds for the IMF is not pending, Congress exercises oversight authority over U.S. policy at the IMF and over its lending practices. This report supports congressional oversight of the IMF by providing an understanding of its organization, functions, and role in the world economy.new developments require .
Pages: 21
Date: April 22, 2004