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IMF Managing Director Christine Lagarde, who has visited key members of Congress in an effort to prod action, said she remains hopeful. “We understand that the U.S. administration will continue to work on securing the necessary legislative authorization and we are hopeful that this will happen,” she said in a statement after the budget details were released last week.

She noted that the IMF, since the 2008 global financial crisis, has made 154 lending commitments around the world and provided technical assistance to 90 percent of its members.

“We have certainly played our part in the collective response to the crisis,” she said.