[stop-imf] The Meltzer Commission Report - the text

[stop-imf] The Meltzer Commission Report - the text

Votes of the Commission

The Commission approved the following report by a vote o 8 to 3.
Voting affirmative were: Messrs. Calomiris, Campbell, Feulner, Hoskins,
Huber, Johnson, Meltzer and Sachs. Opposed were: Messrs. Bergsten,
Levinson and Torres.
The Commission voted unanimously that (1) the International
Monetary Fund, the World Bank and the regional development banks should
write-off in their entirety all claims against highly indebted poor
countries (HIPCS) that implement an effective economic and social
development strategy in conjunction with the World Bank and the regional
development institutions, and (2) the International Monetary Fund should
restrict its lending to the provision of short-term liquidity. The
current practice of extending long-term loans for poverty reduction and
other purposes should end.