SDNY COURTHOUSE,
May 22 – When the
International Monetary Fund
held its biweekly embargoed
press briefing on May 22,
Inner City Press asked about
India, and Pakistan: "In
India, there
is some
controversy
about why the
Modi
government
abruptly
terminated
K.V.
Subramanian’s
tenure as
India’s
executive
director at
the
International
Monetary Fund
- does the IMF
have any
comment or
insight?
"Given
the IMF's recent moves on
Pakistan, over India's
objection / abstention, can
you state what safeguards the
IMF has in place to ensure
that program funds do not
indirectly support military or
militant activities? [There
are posts like “IMF gave them
money for this propaganda”,
“They are spending multi
millions to promote
themselves!”, “IMF ka pese use
ho rahe hai”]
Julie Kozack took
the questions, saying the
executive director is up to
India and that there are
safeguards, including the the
funds stay with the Central
Bank. Transcript on IMF's
website.
Inner City Press
previously asked: "On Myanmar,
since my question and the
answers in previous IMF
briefings, have the
authorities in Myanmar
provided anymore disclosure of
where the IMF's million have
gone? What steps are being
taken by the IMF on this?"
To this,
the IMF Spokesperson said that
while the IMF has not
recognized the new government
- that step would require one
half of the IMF's members'
votes - the IMF wants the
world to know that the
government in control in
Myanmar is, in fact, reporting
data.
Inner City
Press followed up, asking if
this answers seeming
"positive" on the new
government meant that it was
complying with the reporting
commitment of the previous,
overthrown government. Rice
chaffed at his answer being
called positive, saying the
IMF just tries to report
facts.
Previously Inner
City Press asked the IMF about
crypto-currency
legislation in
Ukraine and
again El
Salvador,
about the coup
in Guinea and
the role of
the Venezuela
talks in
Mexico on
release of the
SDRs. YouTube
of IMF video here.
Full transcript here.
(An aside: Inner
City Press has
reported on
the CEFC China
Energy Fund
Committee's
activities in
Chad and
Uganda and in
the UN, on
which the UN is
UNresponsive.)
Other questions
included
China's digital
currency (Inner
City Press also reports
on
crypto-currency
cases in the
U.S. District
Court for the
Southern
District of
New York and
elsewhere).
Berger said
when used
overseas an
issue is that
residents
could start
using another
country's
currency, if
it is easier.
We'll have more
on this.
***
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