by Matthew Russell Lee, Patreon Substack
SOUTH BRONX / SDNY, June 6 – A year after the failure of Silicon Valley Bank and Signature Bank, the International Monetary Fund has warned of more trouble, just as NYCB teeters. Inner City Press on March 7 asked the IMF about it, video here.
Then on Cameroon on June 6, Inner City Press asked the IMF: On Cameroon, it's reported that the IMF advised the Cameroonian government to intensify efforts to improve budget integrity and execution in 2024. Is Cameroon complying?
Spokesperson Julie Kozack acknowledged that concerns remain about the Cameroonian government's "public financial management" and that targets were missed. She said a new budget is being submitted - by the Biya administration. Inner City Press will stay on this - and on other questions it posed and are pending
On crypto on May 16, Inner City Press asked the IMF in writing, "On Nigeria and crypto, what is the IMF's comments on reports that the IMF 'commended the Nigerian regulatory bodies’ handling of crypto-related cases, evident in the ongoing legal dispute between the Nigerian government and the world’s largest exchange, Binance'? Including the arrests?"
The IMF to its credit answered on May 17, attributable to an IMF spokesperson: " Global crypto trading platforms that want to operate in Nigeria should be registered or licensed in Nigeria and subject to the same regulatory requirements applicable to other financial intermediaries.”
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