Inner City Press

Inner City Press -- Investigative Reporting From the United Nations to Wall Street to the Inner City

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

  Search Search WWW (censored?)

In Other Media-eg AJE, FP, Georgia, NYT Azerbaijan, CSM Click here to contact us     .


Follow us on TWITTER

Home -

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



ICP on YouTube

UN: Sri Lanka


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"




Bank Beat

Freedom of Information

How to Contact Us

On HSBC Greek Tax Evasion, IMF Passes Buck to France, Stalls on Sri Lanka

By Matthew Russell Lee

UNITED NATIONS, November 1, updated -- Amid the HSBC Greek tax evasions scandal occasioned by a list transmitted by Christine Lagarde when she was French finance minister, the International Monetary Fund was asked on Thursday to comment on the list, since Lagarde is now IMF managing director.

  The list has the names of 2,059 Greek depositors in HSBC's bank in Switzerland. Journalist Costas Vaxevanis has been threatened with two years in prison for publishing it. (See Update below.)

  Spokesman Gerry Rice declined to comment on the list, saying the question should be directed to the French Finance Ministry. He added that of course the well off should pay their fair share.

  But in Portugal, the IMF demanded law is under legal fire pursuant to that country's constitution, as unfairly impacting the poor. So which is it, with the IMF?

  Inner City Press asked, and has been promised post-deadline responses which will be published below, the following questions:

  On Portugal, what is the IMF's response to claims there that laws described as IMF demanded violate the constitution as disproportionately impacting the poor?

  On Serbia, what is the IMF's role in and comment on moves to amend the Central Bank law?

  On Sri Lanka, the 2013 budget has $2.2 billion for defense / "urban development," a 26% increase over 2012. Given past IMF statements on Sri Lanka's defense spending, what is IMF comment now?

  On this last, Sri Lanka's "Universal Periodic Review" began in Geneva simultaneous with Rice's briefing at the IMF in Washington. We'll have more on this. Watch this site.

Update: by 1 pm, the IMF had sent these two:

On Serbia, our latest views are summarized in the end-of-mission statement that we published in September:
“In the monetary area, the mission welcomes the authorities’ intention to maintain the inflation-targeting regime needed for macroeconomic stability. The mission emphasized the need for corrective measures to help strengthen NBS autonomy, which has been eroded by recent changes to the NBS law.”
On Sri Lanka: “The 2013 budget is expected  to be finalized and presented in early November (we understand November 8). We have not yet seen the 2013 budget, and thus would not be in a position to comment at this time.”

Update of 4:40 pm -- while the IMF four hours ago, along with these answers, said a response on Portugal would be sent shortly, it has not been. Meanwhile for now Costas Vaxevanis (a/k/a/ Kostas Vaxvanis) has been cleared of publishing the Lagarde List. Watch this site.

Share |

* * *

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

Click here for Sept 26, 2011 New Yorker on Inner City Press at UN

Click for re Libya, Sri Lanka, UN Corruption

Feedback: Editorial [at]

UN Office: S-253, UN, NY 10017 USA Tel: 212-963-1439

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

  Search  Search WWW (censored?)

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

            Copyright 2006-2012 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at]