[HNA] The International Monetary Fund (IMF) gave $163. 9 million to the de facto Honduran government run by Roberto Micheletti.

Michelle Fuentes michelle.fuentes at gmail.com
Wed Sep 2 08:38:18 PDT 2009


The International Monetary Fund (IMF) gave $163. 9 million to the de facto
Honduran government run by Roberto Micheletti, presumably to strengthen its
reserve and inject liquidity into the economy of this country that remains
mired in a sharp political crisis.

The payment is part of a strategy of the G20 (group of industrialized and
emerging countries) to finance the illegitimate president said, “ the IMF
had "respect" for his government”, following the decision of this
organization giving millions of dollars to the de facto Executer.

For its part, the president of the Central Bank of Honduras (BCH), Sandra de
Midence said the IMF "is respecting that we are a member".

She criticized other financial organizations that have removed the financial
support, following the coup that gave the de facto government against the
constitutional president Manuel Zelaya, on 28 June.

The BCH, said Tuesday that 150, 1 million from the Fund were submitted on
August 28 and the rest of the figure (163.9 million) will be awarded by this
body, the coming week.

He also indicated that the de facto government has agreements with the IMF,
and simply are "respecting" their membership of the G-20.


 "We had no agreement with the Fund, but they are respecting we are a member
country and we see this clearly, as we have been granted these resources,"
which "was evenly to all countries" beneficiaries of this program the G-20,
said of Midence.

She added that this grant can not be called "anti-blockade" and ensures that
the constitutional president, Manuel Zelaya, never made agreements with the
IMF.

She reiterated that the IMF is an agency that is "serious and responsible"
to allow the distribution of the reserves for the "economic stability" of
the nation.

"This reflects the responsibility and character with which they handle these
supranational bodies, unlike the Central American Bank for Economic
Integration (BCIE)," said the president of the BCH.

The BCIE, the Inter-American Development Bank (IDB) and World Bank took
economic measures to suspend funds to Honduras after the ousting of Manuel
Zelaya, a move that the de facto government considered "illegitimate".

BCH President reported that the new Government of Honduras will assume
office on January 27 next year and believes they will soon be able to resume
economic deliveries IDB, WB and then negotiate formal agreements with the
IMF.

In mid August, the president of the BCH and the de facto finance minister of
Honduras, Gabriela Nunez, attended a meeting of G-20 which discussed the
allocation of economic resources by the IMF.

Honduras was the only country in Latin America who attended this meeting.

On the other hand, the legitimate president of Honduras, Manuel Zelaya
visited Washington on Tuesday for a meeting of the Permanent Council of the
Organization of American States (OAS), who stated the organization's member
countries agree to tighten measures against the de facto government of
Micheletti.

He also said he received assurances from the OAS, to not recognize the
elections, or accept the results.


-- 

-Michelle Fuentes

"Keep me away from the wisdom which does not cry, the philosophy which does
not laugh and the greatness which does not bow before children."   Kahlil
Gibran
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