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Global finance ministers seek IMF reform amid crisis
G7 ministers push for expanding IMF powers to calm contagion and aid emerging markets while urging the United States to fulfill its share. Clinton presses Blair and Chirac for backing, but U.S. House opposition blocks an $18 billion credit. Rubin promotes a stronger global financial architecture and transparency. Brazil looming as keystone, with IMF funds eyed for rapid deployment.
MENTIONED IN THIS ARTICLE
United States
European
Japan
Asia
Clinton
Rubin
IMF
Russia
Brazil
Tony Blair
Jacques Chirac
Blair
Chirac
White House
Joe Lockhart
U.S
House of Representatives
Senate
House
Richard Armey
Texas
Kaichi Miyazawa
IMI
Indonesia
Thailand
South Korea
G-7
Latin America
South America