Waters Statement at Subcommittee Hearing on Multilateral Development Institutions
Washington, DC, November 13, 2019
Today at a Subcommittee on National Security, International Development, and Monetary Policy hearing entitled, “How America Leads Abroad: An Examination of Multilateral Development Institutions,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement:
As Prepared for Delivery
In 1993 and 1994, I sat on the international subcommittee of what was then the Banking Committee at a time when a number of people wanted to abolish the World Bank and the IMF because they believed the institutions were indifferent to human needs and values, such as worker rights, income distribution effects, and the protection of the environment.