WASHINGTON, February 5: British prime minister Tony Blair lent strong backing to the International Monetary Fund's handling of the Asian financial crisis on Wednesday at the start of a high-profile visit to Washington.A spokesman for Blair said he told IMF managing director Michel Camdessus that Britain "strongly disagreed with recent criticisms of the IMF from some quarters in the United States.
"Former secretary of state George Shultz, former treasury secretary William Simon and former Citicorp/Citibank chairman Walter Wriston argued in the Wall Street Journal on Wednesday that the IMF was "ineffective, unnecessary and obsolete" and should be dinner, but also the future role of the euro, the EU's single currency.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
