SDNY COURTHOUSE,
Jan 8 – When the
International Monetary Fund
held a press briefing about
China and its Article IV
review, on January 8, Inner
City Press posed a question
and got an answer, below.
Inner City Press
asked the IMF's Helge Berger,
Mission Chief, about China's
so-called Belt and Road
Initiative: "Your Article IV
report cites China's "overseas
lending projects" amid "rising
geopolitical tensions and
economic and trade frictions."
How does the IMF think that
rising debt levels among
African countries, and
increased skepticism about the
"Belt and Road" will impact or
be addressed going forward?
-Matthew Russell Lee, Inner
City Press. Video here.
Berger
responded about
the IMF's work
to provide
lower income
countries
"breathing
space." He
said while the
IMF generally
welcomes the
BRI it stresses the
need for
transparency,
where the
money is
going.
(An aside: Inner
City Press has
reported on
the CEFC China
Energy Fund
Committee's
activities in
Chad and
Uganda and in
the UN, on
which the UN is
UNresponsive.)
Other questions
included
China's digital
currency (Inner
City Press also reports
on
crypto-currency
cases in the
U.S. District
Court for the
Southern
District of
New York and
elsewhere).
Berger said
when used
overseas an
issue is that
residents
could start
using another
country's
currency, if
it is easier.
We'll have more
on this.
***
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