
International Issues | |
What Does IMF Have To Show For $181 Billion |
Critics of the International Monetary Fund charge that it has little to show for the $181 billion shoveled out since mid-1997 in rescue packages for Asia, Russia and Brazil. Even IMF officials conceded in a report yesterday that they made some mistakes during Asia's 1997-98 crisis.
Critics note that of that $181 billion, some $61 billion belongs to U.S. taxpayers -- or about $230 for every man, woman and child in America. Source: Editorial, "What Did It Get Us?" Wall Street Journal, January 20, 1999. For more on International Monetary Fund & World Bank http://www.ncpa.org/pi/internat/intdex13.html |
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