IMF Violates IMF Rules, to Continue Ukraine Bailouts

Because the agenda is war at any cost (our cost) and the money comes from nowhere and only dilutes currency in circulation anyway, which mostly impacts the 99%.  No problem.

The IMF, whose bailout operations are absorbed by the taxpayers in the member countries whenever a particular bailed-out nation defaults, announced on Friday, June 19th, that it will “continue to support Ukraine through its Lending-into-Arrears Policy even in the event that a negotiated agreement with creditors in line with the program cannot be reached in a timely manner.” Though this new “Lending-into-Arrears” policy violates two IMF rules, it was justified by the IMF’s Managing Director Christine Lagarde on the basis of the Ukrainian government’s “continued efforts to reach a collaborative agreement with all creditors.”  …

http://www.washingtonsblog.com/2015/06/imf-violates-imf-rules-to-continue-ukraine-bailouts.html

 

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