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Brady ties IMF support to push for loan arrears recovery
Treasury Secretary Brady told IMF leaders that U S backing for a larger IMF fund would hinge on the fund adopting a new strategy to recover $4 billion in back payments from 11 nations including Sudan Zambia Peru Honduras Guyana and Cambodia The Group of Seven endorsed a 50 percent quota rise while urging tougher arrears collection amid global debt pressures ahead of IMF World Bank meetings.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Nicholas F. Brady
United States
International Monetary Fund
Brady
IMF
Sudan
Zambia
Peru
Honduras
Guyana
Cambodia
Vietnam
Liberia
Panama
Sierra Leone
Somalia
Japan
West Germany
Great Britain
France
Cannda
Tiety
Capitol
Michel Camdessus
Europe
Group of
World Bank
U.S
Congress