Tag: international monetary fund
Last week, U.S. Sen. Rick Scott, R-Fla., showcased his proposed “IMF Accountability Act." The bill, which Scott introduced last month, “would prevent the International Monetary Fund (IMF) from allocating Special Drawing Rights (SDR) or providing...
This week. U.S. Sen. Marco Rubio, R-Fla., teamed up with U.S. Sen. Rob Portman, R-Ohio, in sending a letter to U.S. Treasury Sec. Janet Yellen urging her “to use all means necessary to keep...
The IDB defines itself as “devoted to improving lives” and as a “leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean.” It also “conducts cutting-edge research and provides policy advice, technical assistance, and training to public- and private-sector clients throughout the region.”
As companies backed by the Chinese Communist Party (CCP) approach banks to identify the purchase of companies in the U.S. and in Europe affected by the pandemic, the senators urged Mnuchin to protect against the PRC’s and the CCP’s predatory economic behavior during the COVID-19 crisis.
Florida’s Senators Warn State Department, Treasury Against China’s Debt-trap Diplomacy Amid Covid-19 Pandemic
While the senators support efforts to provide aid for developing countries, in a letter to U.S. Treasury Sec. Steven Mnuchin and U.S. Sec. of State Mike Pompeo, they cautioned that the U.S. must be wary of enabling China’s debt-trap diplomacy.