On
Sudan Inner City Press Puts
Timeline Q to IMF Which Cites
US State Sponsor of Terrorism
List
By Matthew
Russell Lee, CJR PFT NY
Post
NEW YORK CITY,
Nov 7 – When
the
International
Monetary Fund
held its
biweekly
embargoed
media briefing
on November
7,
Inner City
Press
submitted
questions including
on Sudan.
Inner City
Press asked:
"On Sudan,
please provide
the IMF's
comment on FM
Elbadawi
saying Sudan
has agreed a
roadmap to
“rehabilitate”
the country
with the IMF,
adding that
the plan
involved
structural
reforms and
that as part
of the deal
Sudan would
not have to
pay its
lenders debt
arrears. Is
that true?"
From
the IMF's
November 7 transcript,
with video on page:
"There's a
question on
Sudan from
Matthew Lee
asking if we
can provide a
comment on the
finance
minister
saying, Sudan
has agreed to
roadmap to
rehabilitate
the country
with the IMF
adding that
the plan
involved
structural
reforms and
that is part
of the deal.
Sudan would
not have to
pay its
lenders debt
arrears. Is
that true? So,
we are in
discussion
with the Sudan
authorities on
how the IMF
can help with
their reform
efforts and to
acquire
adequate donor
assistance.
Sudan remains
eligible for
debt relief
when it meets
all the
requirements,
including
receiving
financing
assurances
from creditors
for debt
relief,
establishing a
track record
of performance
and clearing
arrears to the
IMF. So,
while we can
help Sudan
build the
track record
of
performance,
progress on
those other
points I just
mentioned will
depend on
support from
creditor
countries. So,
at this stage
it's not
possible to
provide a firm
timeline for
the
fulfillment of
those steps.
Let me add
that exiting
from the U.S.
state sponsor
of terrorism
list would be
important for
facilitating
creditor
consensus on
debt relief."
On September
26 Spokesperson already
then
Gerry
Rice,
for new
Managing
Director
Kristalina
Georgieva, on
Turkey said "this is also from
Matthew, he has
asked '
On Turkey,
what is the
IMF's response
to ruling AKP
deputy chair
Numan
Kurtulmuş
criticizing a
meeting
between IMF
&
opposition
parties,
saying Turkey
has "closed
the topic with
the IMF."'
Then Rice said
it is normal
to meet with
opposition -
except in
Cameroon,
apparently -
and that there
has been no
indication
from the Turkish
authorities
they are
looking for a
program.
On
September 12 Inner
City Press
asked the IMF:
"On Zimbabwe,
please confirm
or deny IMF's
Patrick Imam
saying that
"it is clear,
compared to
the
projections of
the original
SMP, which did
not foresee
the severity
of the drought
and its
secondary
impact, nor
the
electricity
shock, that
growth is
almost
certainly
going to be
revised
downwards and
inflation
upwards
compared to
the original
SMP
forecasts."
And what is
the IMF's view
of the
(economic)
impact of the
crack down on
protest and
human rights
defenders?"
Spokesperson
Gerry Rice said that
the IMF team
is in Harare,
from September
5 to 17. On
human rights,
he said the
IMF "focuses
on economics"
and that such
questions
should be
directed to...
bilateral
creditor. At
least he
didn't say the
UN, which
doesn't care.
Here are Inner
City Press' other
questions to
the IMF:
On
Somalia,
please provide
a read out or
response to
reports that
Somali
Minister of
Finance
Abdirahman
Duale Beyle
met officials
from the
IMF
Addis Ababa to
discuss the
fourth phase
of the Somali
pardon
program.
On Sri
Lanka, what is
the IMF's
response to
Independent
Expert on
foreign debt
and human
rights, Juan
Pablo
Bohoslavsky,
sayins that in
Sri Lanka,
there are
concerns at
the
significant
rise in the
value added
tax, given
that the brunt
of such taxes
is often borne
by the
poorest?
More
generally,
what is the
IMF's response
to Bohoslavsky
saying as to
the IMF that
"even though
austerity can
be a useful
tool of
administration
against the
squandering of
resources, it
is essential
to keep in
mind that
austerity
impacts the
most
vulnerable and
marginalised"?
On
crypto-currency
what is the
IMF's response
to Marshall
Islands
Minister David
Paul saying
the country is
moving forward
with its
plans.
According to
the post,
Minister Paul
will provide
further
details about
the Marshall
Islands’
crypto, the
Sovereign,
next week at
the Invest:
Asia 2019
conference?
Within months,
the IMF began
putting
pressure on
the Marshall
Islands to not
forego the
U.S. dollar in
favor of its
own digital
currency. The
Fund issued a
58-page report
in September
2018 and
warned against
the "potential
costs arising
from economic,
reputational,
AML/CFT, and
governance
risks"
associated
with the
issuance of
the Sovereign.
On the
DR Congo, what
is the IMF's
knowledge of,
and comment
on, that all
the big-name
advisory banks
are laying
siege to the
presidential
palace in the
hope of
winning the
contract to
advise the DRC
on its
relations with
the IMF?" Inner
City Press also asked,
again, for
"any updates
on Cameroon or
Haiti or
Yemen." Watch
this site.
More
here.
***
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