| IMF Hands $769M More to
Honduras Despite Narco JOH Being Named in SDNY
Trials
By Matthew
Russell Lee, Patreon
BBC
- Decrypt
- LightRead - Honduras
-
Source
SDNY COURTHOUSE,
May 6 –
At the International Monetary
Fund's May 6 embargoed briefing,
Inner City Press asked the IMF
about Colombia, here.
Hours
afterward, this: "An
International Monetary Fund
(IMF) team led by Ms. Joyce
Wong conducted a mission via
videoconferencing on the
fourth Review of Honduras’
IMF-supported program under
the Stand-By Arrangement (SBA)
and the Standby Credit
Facility (SCF). Upon
concluding the mission, Ms.
Wong issued the following
statement: “We are happy
to announce that the IMF team
reached a staff-level
agreement with the Honduran
authorities on the conclusion
of the fourth Review under
their economic reform program
supported by the SBA and SCF.
The agreement is subject to
approval by the IMF’s
Executive Board, tentatively
scheduled for June. Staff will
also propose augmenting access
under the SBA/SCF arrangement
by SDR150 million (about
US$215 million), bringing
total access to SDR537 million
(about US$769 million). The
increase is justified in the
context of balance of payments
needs brought on by the
tropical storms and continued
pandemic. The financing will
support the authorities’
reconstruction and efforts to
combat COVID-19."
This says nothing
of JOH's ties with
narco-traffickers (like his
imprisoned brother Tony
Hernandez) that came out at
trial in the SDNY court in New
York, including campaign funds
from El Chapo.
We'll have more
on this.
This as
there is still
no disclosure
of the San
Tome and other
business
of Pedro
Guimarães e
Melo De
Oliveira
Guterres, the
son of
Antonio Guterres whose
UN is now
spreading
COVID-19 in
South Sudan
with a UN bus
with no
social
distancing.
***
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