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Cash-Rich Imf Plans To Refurbish Its 'opulent' Headquarters

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http://www.guardian.co.uk/business/2010/dec/19/imf-refurbish-us-headquarters

Fresh from imposing tough conditions on Ireland as the price of its bailout, the International Monetary Fund's bureaucrats plan to concentrate on a matter closer to home in the new year – sprucing up their offices in downtown Washington DC.

Dominique Strauss-Kahn, the fund's managing director, quietly announced last week that he would be asking permission from the organisation's cash-strapped member states to refurbish its main headquarters building.

An IMF spokesman said the work was an essential overhaul of the 40-year-old premises and compared it to the need to put a new engine in a 20-year-old car. "This is about the heating, the ventilation, the air-conditioning," he said. "This is work that can't be postponed."

Pressure groups greeted the news with scepticism, pointing out that eight years ago the fund spent $150m on a second building, complete with external waterfall, after saying its original site – known as HQ1 – was no longer big enough for its staff of highly-paid international officials.

They said the fund was now flush with cash after selling some of its stock of gold and extracting fees and interest payments from troubled countries such as Ireland and Greece.

Melinda St Louis, deputy director of Jubilee USA Network said: "At this precarious time for the world's poor, the IMF has just earned at least $2bn [£1.2bn] in extra cash from gold sales and now proposes upgrading its already opulent office building in Washington DC.

"Should the IMF get another stunning fountain at its headquarters or should countries in sub-Saharan Africa receive debt relief to invest in clean water for the most vulnerable? Rather than building more marble staircases in DC, the IMF should share its wealth with poor countries that desperately need those funds to build rural health clinics, schools and basic infrastructure."

Anyone familiar with this building? Is it in need of refurbishing or rebuilding?

Or does it really need a nice fountain adding to it to help the IMF do it's fantastic job?

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Send Kirsty round with some twigs in a vase.

It's the age of austerity after all.

the economy is toast...and the smell of fresh toast will go nice with the twigs....shame about the shite in the sandwich.

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IMF likes the idea of countries going down with debt..

So that they can fund and get the interest !! god of all banking !!

There would be a competition in providing bailout money now !!

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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