Jane Prentice (Ryan, Liberal Party, Assistant Minister for Social Services and Disability Services) Share this | Hansard source

Indeed, thank you. The renewal of the International Monetary Fund's new arrangements to borrow forms part of a broader global effort to ensure that the global financial safety net remains strong and resilient in the face of economic crises. The IMF's mandate to support global economic and financial stability is of critical importance, given continuing risks to the global economic outlook. As an open economy that is exposed to global economic conditions, Australia has a strong interest in doing all it can to ensure that the IMF has the resources it needs to fulfil this role. I commend this bill to the House.

Question agreed to.

Bill read a second time.

Message from the Governor-General recommending appropriation announced.

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