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A new commentary has been posted entitled, The IMF- Light up its darker crannies.  It reflects on a report by the Indpendent Evaluation Office which states unequivocally, “The IMF’s handling of the euro area crisis raised issues of accountability and transparency, which helped create the perception that the IMF treated Europe differently".  It also reveals that on considering the crisis in Greece, the Europeans were more concerned about saving French and German banks than in helping Greece. The country was "fiscally water boarded" and the report says some documents on sensitive issues were prepared outside the regular, established channels” and either disappeared or were not made available to the Evaluation Team.  Yet the IMF pretends to be objective when it dishes out harsh conditionalties to developing countries.

 

Republic Party Nomimee for the Presidency of the United States, Donald Trump

A previous commentary is: Donald Trump - the lie of 'truthful hyperbole'   Tony Schwartz, the man who ghost-wrote Trump's book, 'The Art of rhe Deal', has lambasted Trump and decribed him as dangerous.  Schwartz said that in ghost-writing the book, he wrote the following assertion for Trump: “I play to people’s fantasies. People want to believe that something is the biggest and the greatest and the most spectacular. I call it truthful hyperbole. It’s an innocent form of exaggeration—and it’s a very effective form of promotion.” Schwartz now regrets inventing the term, ‘truthful hyperbole’, which, he says, is a contradiction in terms. He admitted that it’s a way of saying: ‘It’s a lie, but who cares?’ But, according to him, Trump, loved the phrase. It's how he seems to have operated in the US Presidential election.

 

 Luis Almagro, OAS SG and the Interim President of Haiti, Privert

A previous commentary is entitled, Haiti: Time is running out.  It points out that the National Assembly has falied either to extend the term of the interim President that expired on June 14, or to to elect a new administration.  Meeting after meeting of the National Assembly has either been abandoned for a deliberate lack of a quorum or decisions have been put off. In all this, the Haitian politicians are running out of time.  The vast majority of member countries of the OAS want to see Haiti return to elected government.  Further delays by the Haitian political stakeholders will result in losing their tolerance and support.  The wider international community, especially the European Union, is also losing patience.  More importantly, if the current political logjam is not unlocked, tensions within Haiti itself will intensify, leading to political agitation, violence and greater deterioration of the already fragile economy.

A previous commentary is:  Jamaica’s CARICOM Review Commission - understanding the Elephant. has been posted.  It points ot that the Review Commission has been established and has had its first meeting. Quite what is the purpose of the Commission is not clear, nor is the prism through which the review will take place. But, the work of the Commission, headed by former Prime Minister Bruce Golding and comprised of some of the leading lights of Jamaican business, has to be taken seriously.   Its final report could have immediate and long-term consequences for Jamaica and the rest of the 15-member CARICOM group.  In this connection, the Review Commission would be well-advised to ensure that it takes evidence from, and listens to, a broad cross-section of knowledgeable views from within Jamaica and the wider CARICOM area or it could reach inadequate conclusions.

Andrew Holness, Jamaica's Prime Minister (left) and Chair of Jamaica's CARICOM Review Commission Bruce Golding (right)

 

A previous comnentary looks at a meerting of the Permanent Council of the Organisation of American States held on 30 March to discuss the unfair practices that have wrongly targeted Caribbean jurisdictions as tax havens, occasioning the loss of long established correspendent relations in the US and Europe. 

Click on the URL Link below to view the entire session of the OAS Permanent Council on this issue: https://www.youtube.com/watch?v=NnD55NZ0GD0&feature=youtu.be

 Sir Ronald Sanders, Chairing Permanent Council of the Organisation of American States