IMF bails out Honduras Coup Regime with $150 million

dawn — Wed, 02 Sep 2009 16:39:21 +0000

Reuters' Spanish service and Venezeuala's Telesur are reporting that the IMF granted US$150 million to the defacto regime in Honduras, which is now into into its third month.

Both reports stem from a press release by the Honduran Central Bank (BCH).

The BCH release reads (in part):

"At the initiative of the twenty industrialized and emerging countries (G-20), presided by the Prime Minister of England, Gordon Brown, the International Monetary Fund injects liquidity into the world economy and Honduras augments it's international reserves by $150.1 million."

The CBH release goes on to state that the money was received on August 28th. Telesur is reporting that the IMF will give another $13.8 million to the coup regime next week.

The IMF does not have an update on their Honduras page since before the coup happened. The BCH has not posted a press release in English since last year.

The only report on the payment in English thus far is posted on Iran's PressTV.

Photo of anti-coup protesters in Honduras by Sandra Cuffe. All translations above are unofficial.

26/04 Derrick Jensen on Washington IMF protest

Lia Tarachansky — Tue, 12 May 2009 08:02:45 +0000

WASHINGTON, D.C. - On Sunday, April 26th, 2009, a final march was held in protest of the International Monetary Fund and World Bank representatives' meeting. A weekend of demonstrations and direct actions was held to demonstrate people's anger at the policies of these financial institutions, as well as the recently allocated $1.1 trillion bailout to the IMF by the countries of the G-20.

The Dominion - IMF

IMF bails out Honduras Coup Regime with $150 million

26/04 Derrick Jensen on Washington IMF protest