Inner City Press





In Other Media-eg New Statesman, AJE, FP, Georgia, NYTAzerbaijan, CSM Click here to contact us     .



These reports are usually available through Google News and on Lexis-Nexis
,



Share |   

Follow on TWITTER

Home -

These reports are usually available through Google News and on Lexis-Nexis

CONTRIBUTE

(FP Twitterati 100, 2013)

ICP on YouTube

More: InnerCityPro

BloggingHeads.tv
Sept 24, 2013

UN: Sri Lanka

VoA: NYCLU

FOIA Finds  

Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

Support this work by buying this book

Click on cover for secure site orders

also includes "Toxic Credit in the Global Inner City"
 

 

 


Community
Reinvestment

Bank Beat

Freedom of Information
 

How to Contact Us



IMF Hands Ukraine $5B For 18 Months After Inner City Press Asked of Sudan and Standards

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - The Source

NEW YORK, SDNY, June 9 – When the International Monetary Fund held its biweekly embargoed media briefing on June 4, Inner City Press submitted questions including on Sudan, which IMF Spokesperson Gerry Rice answered, see below.

 Now on June 9, the IMF on Ukraine issued this: "The Executive Board of the International Monetary Fund (IMF) approved today an 18-month Stand-by Arrangement for Ukraine, with access equivalent to SDR 3.6 billion (about US$5 billion or 179 percent of quota). The new program aims to help Ukraine to cope with COVID-19 pandemic challenges by providing balance of payments and budget support, while safeguarding achievements to date and advancing a small set of key structural reforms, to ensure that Ukraine is well-poised to return to growth when the crisis ends.  Ukraine’s track record in stabilizing the economy over the last 5 years has been strong. However, more reforms efforts are needed to ensure robust and inclusive growth. The outbreak of the COVID-19 pandemic has significantly worsened the outlook and has refocused government policies on containment and stabilization. Uncertainty is large, and the economy is projected to contract sharply in 2020 as strict containment measures—in Ukraine and globally—led to sizable falls in domestic and external demand. The 2020 budget is expected to be hit hard, with a sharp decline in revenues and large emergency spending needs to address the crisis. This has created large balance-of-payments and fiscal financing needs."

   Back on June 4 Inner City Press asked, "On Sudan, what is the status - ot's reported Sudan is seeking its first IMF  program since 2014. Agreeing the non-financial initiative in June talks and persuading the U.S. to drop its long-standing listing of Sudan as a state sponsor of terrorism are key planks of the plan, FinMin El-Badawi said."

    IMF spokesperson Rice said, Matthew Lee in New York, Inner City Press, thank you for the question... He confirmed, largely, and referring to COVID-19 in Sudan. Full answer on video here. Transcript here; "for a question on Sudan from Matthew Lee, up there in New York, Inner City Press. Thank you, Matthew. "On Sudan," Matthew asks, "What's the status? It's reported that Sudan is seeking its first IMF program since 2014," etc.

 At least the IMF answers Press questions. We'll have more on this - watch this site. 

***

Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron.

Feedback: Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA

Mail: Box 20047, Dag Hammarskjold Station NY NY 10017

Reporter's mobile (and weekends): 718-716-3540



Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.

 Copyright 2006-2020 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com