WASHINGTON: The White House has defended its decision to attach an IMF reform bid to a $1 billion aid bill for Ukraine, which has angered some Republicans and slowed the measure’s passage in Congress.
The bill has cleared a Senate committee but will not come up in the Senate until after next week’s recess, and its prospects in the House of Representatives remain uncertain.
The International Monetary Fund provision relates to an effort to expand the fund’s lending framework by boosting the US share of funding, a move that will also provide a greater voice to developing economies.
“Passing IMF quota reform, which has been long delayed, is vital to ensuring that the IMF can lend resources in the scale that Ukraine needs to regain its financial footing,” said White
House spokesman Jay Carney.