Business Groups Back Capital Increases for Multilateral Banks

By Webmaster on June 20, 2011 6:12 PM
On June 7, six industry associations led by the U.S. Chamber sent a letter to Congress supporting authorizing and appropriations measures for capital increases for the multilateral development banks. The letter reads in part: "American businesses understand these institutions' vital role in fostering prosperity. MDB loans and expertise help developing countries become reliable trading partners and open up their markets for U.S. goods, and over half of all U.S. exports now go to developing countries that have received assistance from the MDBs. These loans come with conditions, such as strengthening transparency, promoting good governance, and improving the investment climate."

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