Memo analyses the House Banking Committee's adoption of language calling for U.S. opposition of future IMF loans to South Africa as part of H.R. 2957 authorizing replenishment of the U.S. quota to the IMF. The memo summarizes testimony by Rep. Julian Dixon (D-Calif), Chairman of the Congressional Black Caucus and two economists, Richard Echaus from M.I.T. and Colin Bradford from Yale University. It also calls for lobbying of members of the House of Representatives to support this provision.
