After
Tunisia
FM Predicts
$500M After
Jan 29, IMF
Tells ICP Not
So
Fast
By
Matthew
Russell Lee
UNITED
NATIONS,
January 9 --
In Tunisia
amid protests
of the new
vehicle
tax, put down
with tear gas
in the south,
Finance
Minister Ilyas
Fakhfakh said
on January 8,
"the IMF's
conditions are
to reach a
political
agreement to
finalize the
transition,
and keep our
deficit
under control.
We have so far
taken the main
necessary
measures. It
is on the
right track.
There is a
meeting on
January 29,
and we
expect to get
that tranche
after that."
At
the
International
Monetary
Fund's
biweekly media
briefing the
next
day, January
9, Inner City
Press asked:
"On
Tunisia,
what is the
IMF's response
to criticism
that its
requirements
or
recommendations
have led to
the vehicle
tax increase
being
protested (the
government has
responded with
tear gas)? Is
Tunisia on
track for
second $500
million
tranche at or
after January
29 meeting, as
finance
minister Ilyas
Fakhfakh said
yesterday?"
IMF
deputy
spokesperson
William Murray
read out most
of the
question, and
his response
by no means
confirmed that
a second
tranche will
be
forthcoming on
or soon after
January 29.
In fact, he
said the first
program review
of the
facility
established in
June 2013 is
not yet
agreed to; it
is being
combined and
discussed with
the second
review.
Murray
said that the
underpinnings
of the
protests are
"complex,"
and that the
"political
issues boiling
there" implact
"policy
implementation."
He concluded
that the IMF
remains
committed to
supporting
Tunisia with
finance and
advice.
So
what ABOUT the
advice to
raise the
vehicle tax,
now being
protested?
Still,
that Tunisia
question got a
response. Here
are three
other
questions
Inner City
Press put in,
before and
during the
briefing, that
have
yet to be
answered by
embargo
deadline:
On
South
Sudan, given
the upsurge in
violence
in the past three
weeks,
what is the
status of the
IMF's
programs, and
what is its
assessment
of the
economic
impact of the
crisis?
On
Iceland,
what is the
IMF's response
to prime
minister
Sigmundur
David
Gunnlaugsson
statement that
criticism of
debt reduction
is
wrong-headed?
What is the
IMF's position
in the US on
mortgage
principal
reduction?
Also
on the US,
does the IMF
have any
comment on
moves in
Congress to
question or
not
approve the
US' payment(s)
to the IMF as
part of the
omnibus bill
being
negotiated?
Watch this
site.