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  3. Now the Bush team is pushing hard an idea which is inherited from the Clinton administration and which, in some way, builds on t

Now the Bush team is pushing hard an idea which is inherited from the Clinton administration and which, in some way, builds on t

admin2009-04-23  39
问题     Now the Bush team is pushing hard an idea which is inherited from the Clinton administration and which, in some way, builds on the debt-relief initiative. For the very poorest countries, America strongly favors moving from loans to grants, though other industrial-country donors are still doubtful of the wisdom of this. Giving grants, they argue, will cut future aid flows because some of the funding for loans on generous terms comes from money which has been repaid(归还) to donors.
    America takes the view that, since many developing-country loans will never be repaid, mainly because the recipients(接受者) cannot afford to make large payments to their creditors, it makes more sense to treat them as grants in the first place. The Bush administration has threatened to hold up the provision of the funds used for this sort of aid, International Development Assistance(IDA). if it cannot persuade everyone else to come onboard. All members talked about having made progress in this area, but it remains a stumbling block.
    Work is also under way in the IMF and the G7 to reform the international financial system. This now has two objectives. One is to make it harder for terrorist organizations to obtain funding by cracking down on money-laundering and increasing financial transparency. The other is to reduce the occurrence and severity of financial crises in emerging-market countries. On this, American views seem to have prevailed. The G7 meeting on April 19th and 20th ended with an unexpected decision to proceed with an American plan to include collective action clauses in future loans taken out by emerging-market governments. The idea is that in the event of a delay of payment-such as that by Argentina last December—a government could negotiate with a "super-majority" of its creditors to restructure its debts, rather than, as now, have a small minority of creditors able to weaken such attempts.
    This market-based approach is still controversial, and implementing it could be difficult given the previous reluctance of governments to include such clauses in loan contracts(lest they appear to be signaling a readiness to default(拖欠) even as they borrow). Work on IMF. plans for more far-reaching reforms of supreme debt, on which the Bush team recently appeared to pour cold water, is to proceed at the same time. The two approaches, said the G7, are "complementary".
选项 A、making more money for the donors
B、relieving debt of the poorest countries
C、solving the problem of poverty completely
D、collecting more money for future aid to other countries
答案B
解析 事实细节题。根据第一段第二句，美国强烈赞同将贷款方式转换为援助，目的在于第一句中提到的debt-relief。
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