Hearing: The Role of the International Monetary Fund in a Changing Global Landscape

Subcommittee on National Security, International Development, and Monetary Policy (Committee on Financial Services)

Thursday, February 17, 2022 (12:00 PM)

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Washington, D.C.
Virtual Hearing

Witnesses

Mr. Daouda Sembene
Distinguished Non-Resident Fellow, Center for Global Development

Added 02/16/2022 at 01:32 PM
  • Written Testimony [PDF] Added 02/16/2022 at 01:32 PM
  • Truth and Testimony [PDF] Added 02/16/2022 at 01:32 PM

Ms. Stephanie Segal
Senior Associate, Economics Program, Center for Strategic and International Studies

Added 02/16/2022 at 01:32 PM
  • Written Testimony [PDF] Added 02/16/2022 at 02:56 PM

Ms. Jayati Ghosh
Professor of Economics, University of Massachusetts at Amherst

Added 02/16/2022 at 01:32 PM
  • Written Testimony [PDF] Added 02/16/2022 at 01:32 PM

Mr. Joseph E. Stiglitz
University Professor, Columbia University

Added 02/16/2022 at 01:32 PM
  • Written Testimony [PDF] Added 02/16/2022 at 01:32 PM
  • Truth and Testimony [PDF] Added 02/16/2022 at 01:32 PM

Kenneth Rogoff
Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University

Added 02/16/2022 at 01:32 PM
  • Written Testimony [PDF] Added 02/16/2022 at 01:32 PM
  • Truth and Testimony [PDF] Added 02/16/2022 at 01:32 PM

Text of Legislation

  • H.R. 5055, IMF Afghan Recognition Assurance Act [PDF]
  • H.R. 6549 [PDF]
  • H.R. ___(Waters). This bill would authorize a $100 million contribution to the IMF’s Catastrophe Containment and Relief Trust (CCRT) to support the ability of the IMF to provide immediate debt service relief to poor countries in the wake of catastrophic natural disasters or major, fast-spreading public health emergencies. [PDF]
  • H.R. ___. This bill would instruct the U.S. executive director at each of the multilateral development banks to vote against any project that provides a public subsidy to a private sector firm unless the subsidy is awarded using an open, competitive process or on an open-access basis, and for other purposes [PDF]
  • H.R. ___. This bill would authorize the Secretary of the Treasury to loan up to 15 billion Special Drawing Rights to the Poverty Reduction and Growth Trust or other special purpose vehicle at the International Monetary Fund to support climate change and pandemic resiliency in low- and middle-income member countries. [PDF]

Support Documents

  • Hearing Notice [PDF]
  • Hearing Memo [PDF]

First Published: February 14, 2022 at 08:07 PM
Last Updated: February 16, 2022 at 04:50 PM