CORRECTION on IMF Funding Post
The IMF did not disburse $150 million to Honduras last week. It issued a notification of an increase in Special Drawing Rights for many borrowing countries, Honduras among them. The legitimate Finance Minister, Rebecca Santos, said that the coup government could not get access to those funds because the IMF did not recognize it. IMF spokesmen agreed, the Tegucigalpa representative on the record* and the Washington one semi-on-the-record**.
Weisbrot’s article, although it ran on Counterpunch on Labor Day, originally appeared in the Guardian*** on Sept. 3, a day before Finance Minister Santos extracted a clarification from the IMF (the confirmation of which is part of a press release at Weisbrot’s own CEPR).