Edwin M. Truman

Latest Edwin M. Truman Items
  • IMF Managing Director Christine Lagarde continues to insist that there is little she can do without U.S. approval. Analysts point out that European countries, which continue to dominate the IMF's board of directors and stand to lose the most clout under the reforms, have been happy to let the U.S. block the legislation even while publicly deploring the congressional delays. (Associated Press)

    Russia, China leading efforts to bypass U.S. as IMF reforms stall on Capitol Hill

    Russia, China and other major developing countries — angry about the stalemate on Capitol Hill that has blocked approval of a reform plan that would give them a bigger voting share at the International Monetary Fund — are pushing to go ahead with the reforms without waiting for the United States.


  • ** FILE ** Treasury Secretary Jack Lew testifies on Capitol Hill in Washington, Tuesday, April 16, 2013, before the House Budget Committee hearing on President Obama's fiscal 2014 federal budget.  (AP Photo/Molly Riley)

    Congress inaction could cost U.S. clout at IMF

    Though many legislators may not realize it, Congress failed to include in the massive spending deal approved last week funds to implement reforms sought for years by both Democratic and Republican presidents that would give China, India, Brazil and other large emerging nations a greater say in activities of the International Monetary Fund.


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