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House panel cuts U S aid to IDA funds in 1976 plan
A House Subcommittee trimmed U S contributions to the World Bank tied IDA loans, cutting the 1976 share to 320 million from 375 million. Panel chair Otto Passman cited waste and affordability, risking default on initial payment due February 16 and drawing skeptical remarks from Treasury officials about restoring funds.
MENTIONED IN THIS ARTICLE
Washington
House
U.S
United States
World Bank
U.S. Treasury Department
Subcommittee On Foreign Operations
House Appropriations Committee
Otto Passman
D-La
Passman
Bank
International Development Association
Congress
Jen Bushnell
Treasury
Senate
Senate House
London
India