The Clinton administration has renewed a request to Congress to approve $3.5 billion in emergency funding for the International Monetary Fund and $14.5 billion for increased U.S. contributions to the fund's general lending pool.

The administration's request follows a move at the end of January by Rep. Jim Leach, R-Iowa and chairman of the House Banking and Financial Services Committee, to introduce House Bill 3144, providing for a similar allocation. The IMF, a multilateral financial agency that provides loans to countries in order to help overcome temporary liquidity crises.

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