IMF Says It Will Recognize Zelaya’s Government in Honduras

[Judi Lynn]

Source: Bloomberg

IMF Says It Will Recognize Zelaya’s Government in Honduras
By Timothy R. Homan

Sept. 24 (Bloomberg) -- The International Monetary Fund, which has rescued economies from Pakistan to Iceland in the past year, said it will recognize the government of ousted President Manuel Zelaya in Honduras.

The Washington-based lender said today that its management made the decision after consulting member states over the past few weeks, according to an e-mailed statement from the IMF. The fund has 186 members.

Zelaya appeared unexpectedly at the Brazilian embassy in the capital, Tegucigalpa, this week after he was overthrown and expelled in June. The acting government of interim President Roberto Micheletti today lifted a nationwide, soldier-enforced curfew following violent protests by supporters of each leader.

On Sept. 6, the IMF announced that the Honduran interim government won’t be allowed to draw on as much as $163 million to boost its foreign reserves until the IMF determines if it “will deal with that regime as the government of Honduras.” The Zelaya government now has a legitimate claim on the funds.


Read more: http://www.bloomberg.com/apps/news?pid=20601068&sid=aT0iAe240Sdg

[L. Coyote]

1. Recent Honduras News compilation thread here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6620246

[bluesmail]

4. Missed that one. I am on dialup so my on-line learning

is as slow. Thanks.

[damntexdem]

2. Why was Zelaya ever unrecognized?

He has been the legitimate president of Honduras all along.

[Warren Stupidity]

3. the noose tightens nt

[MasonJar]

5. Interim president--that's a euphemism if I ever heard one and from Bloomberg News too.