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IMF Dodges on Doyle Letter, Selective Statements on Greece, Half-Answers on Sudan

By Matthew Russell Lee

UNITED NATIONS, July 26, updated below -- At the IMF's biweekly press briefing on Thursday deputy spokesman David Hawley was asked about the critical exit letter of Peter Doyle. He said the IMF has many ways to review itself; he declined to comment on internal discussions. But what does the IMF learn?

  Greece was again the main focus, with Hawley offering some comments then declining to answer saying that discussion are ongoing.

  Citigroup says there's a 90% chance of Greece exiting the Euro zone; meanwhile the creator of the Citi Frankenstein, Sandy Weill, now says the Glass Steagall Act, which he directed Travelers' massive lobbying fund to repeal, should be reinstated.

  Inner City Press submitted two questions, on Sudan and Gaza. The questions concerned Sudan's mass arrest of protesters of the austerity the IMF is prasing, and Israel citing the IMF for the claim that the GDP of Gaza rose 20% in 2011.

  On Gaza, the IMF referred to its website. On Sudan, Hawley said on camera that the question "just" came in, that he would answer it and put the answer in the transcript. But by the embargo time, no Sudan answer was received. When it is, it will be published.

Update of 11 am -- and at 10:57 am this came in from the IMF, and at 4:30 pm it was added to the transcript:

Here is what we have to offer in response to your question:

"It’s important for all in Sudan, and in particular for the most vulnerable, that the country’s economy is put back on a sustainable path while at the same time strengthening social safety nets. Over the medium term, continued policy reforms will be needed to ensure macroeconomic stability to foster economic growth, job creation and contribute to poverty reduction."

  And the arrests? Anyway, it's a start. Watch this site.


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