29 Jun, 2006
Treasury Has Sustained Its Formal Process to Promote U.S. Policies at the International Monetary Fund
United States. Government Accountability Office
From the Highlights: "In recent years, Congress has demonstrated significant interest in legislating U.S. policies regarding the International Monetary Fund (IMF). Currently, the administration is charged with responding to dozens of legislative mandates related to the IMF, including advocacy for certain IMF policies, instructions for U.S. voting positions on IMF assistance to borrower countries, and requirements to report to Congress on various aspects of U.S. participation in the IMF. Since 2001, we reported that the United States had maintained nearly 70 legislative mandates prescribing U.S. policy goals at the IMF. These mandates covered a wide range of policies, including policies regarding combating terrorism, human rights, international trade, and weapons proliferation. As an international organization, the IMF is generally exempt from U.S. law. However, Congress can seek to influence IMF policy by directing the Secretary of the Treasury to instruct the U.S. Executive Director on the IMF's Executive Board1 to pursue certain policy considerations or to vote in a particular way on IMF programs or on assistance to specific countries."
  • URL
  • Publisher
    United States. Government Accountability Office
  • Report Number
  • Date
    29 Jun, 2006
  • Copyright
    Public Domain
  • Retrieved From
    Government Accountability Office (GAO): www.gao.gov/
  • Format
  • Media Type
  • Subjects
    United States. Department of the Treasury
    International Monetary Fund
  • Resource Group
    Reports (GAO)

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