Alan H. Meltzer, Chairman of the International Financial Institution Advisory Commission, submits his report on the utility of the International Monetary Fund and World Bank, to the senate committee on banking, housing, and urban affairs, concluding that the two international financial institutions are ineffective, and at times counterproductive, toward the purpose of alleviating poverty in the Third World. At stake was the question of whether or not to increase funding for the two organizations.
[added 5/14/2023]
Subsequent Events:
References:
Chalmers Johnson, The Sorrows of Empire: Militarism, Secrecy and the End of the Republic, (New York: Metropolitan, 2004), 259.
The Meltzer commission’s vision for the IMF and the World Bank is too simplistic, writes Martin Wolf – 8 Mar 2000 12:47GMT
web.nps.navy.mil/~relooney/3040_1271.htm
http://www.reformwatch.net/fitxers/12.pdf
www.reformwatch.net/fitxers/12.pdf
Current U.s. National Debt:
