March 15, 2012

IMF confirms closing offices in Mongolia, Lebanon and G-20 member Argentina — MercoPress

IMF confirms closing offices in Mongolia, Lebanon and G-20 member Argentina — MercoPress: "Last year, Moreno filed a motion in court against the IMF, for which judge Alejandro Catania asked the organization to describe the methodology used to calculate the rate of increase of the price index, which was denied by the IMF staff after claiming diplomatic immunity.
Even though their response to the request was categorical, there was an impeding fear that the local staff may be summoned in court for questioning or detained, for which they gave the order to close the Resident Representative Office in Buenos Aires.
An IMF spokesperson, however, assured that the shutting down was due to budgetary issues.
“Such a closure is not unusual. The IMF has closed down Resident Representative Offices in Mongolia and Lebanon this year as part of cost cutting measures. Whilst we are not in a position to share the budget details, we can confirm that the office in Argentina was "

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