The last time Congress considered a bill to increase the American contribution to the International Monetary Fund, the measure passed with only a few murmurs of protest. Today, three years after that relatively placid event, a similar proposal has inspired a legislative row and given President Ronald Reagan an annoying political problem. As 13,000 government financial officials and international bankers gathered in Washington last week for the joint annual meeting of the IMF and the World Bank, the problem of the dollar and U.S. interest rates shared equal billing with another pressing concern: the deadlock over funds for the IMF.
Congress's new...
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