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Routinely? I think not. The IMF collects repayment more often than it agrees to a writeoff. In fact, they are such high-handed assholes that getting a IMF loan is akin to inviting a loan shark to move into your house. Take a look at the Fund's loan portfolio if you don't believe me. I would...

If you're going to be make noise here, please get your facts right! The UK govt sought and got approval from Parliament for IMF commitments up to a combined ceiling of 40 billion pounds. 30 billion was already pledged up to the point when Mr Osborne made that 10 billion commitment you refer to...

You probably don't have a Camb cert or you might know that in most of these cases, some form of parliamentary scrutiny (or something similar) was indeed required.

Yes, Singaporeans should have a say (thru Parliament, like the British people do) No, the money isn't being loaned out in the usual way. It's a pledge which may or may not be called upon. If activated, the funds will come from the OFR managed by the MAS. You don't get to use funds from the...

There is nothing special about Singapore's pledge to the IMF. It's a mechanism undertaken by many other member nations and often dealing with much higher amounts. The money is pledged (as a confidence mechanism) and will not necessarily be drawn upon at all (or only in part). It is a financial...

The example that you (GMS) provide, contains no evidence of any IMF member nation having to write off any funds loaned to the IMF. The G8 was consulted simply because they represent the main stakeholders in the IMF and World Bank etc. No IMF member nation suffered a loss on any IMF related...

The fact is that the IMF doesn't routinely write off loans. It gets repaid more often than be forced to incur losses. A careful anaylsis of the Fund's accounts will be revealing. Therefore, the Fund has never required any of creditor nation to incur a loss. I would add that IMF pledges (of...

Agree that not losing money doesn't equal no risk. But surely an institution that has never NOT repaid it's lenders in it's 67 year history, doesn't deserve the label MOST RISKY. The IMF has always repaid it's member countries that commit funds. However, the IMF doesn't always get re-paid...

MOST RISKY??? You need to rethink that. If you do a little research, you'll note that no country has lost money lending to the IMF in its 67-year history. That's hardly the credit risk profile of a "MOST RISKY institution".

Dear Steffy, Wrong again Time to hit the books and see why you're wrong

Dear Steffy, You need to take your own advice and hit the books again. Westminster govts DO routinely need to seek parliamentary approval before entering major agreements that involve lots of $$$$$. A case in point is the UK's IMF pledge involving a much larger sum than Singapore's.

Lending (aka investing) money to (in) fishy institutions (linked to families of politicians) without parliamentary approval? Hey, I thought the PAP has been doing that all along, usually through the guise of Temasek, GIC or other govt linked entitities.

Actually, they can suka suka make loans anytime they want because the Constitution is quite clear on this matter. KJ needs to consult an expert in constitutional law in order to correct his mistaken position that the govt has acted ultra vires (beyond it's authority) in this matter. We...

Mr Goh Just a comment and a question: 1. The influx of foreigners only partially explains the high price of public housing. There was a large overhang of HDB flats (because of the govt's sloppy demand projections) that depressed prices for years. They have since worked through this glut...

Still waiting for you to accept my invite Or have you donated your BALLS to the SDP? PUSSY!

Not up to Georgie Yeo The instructions for this Burmese situation comes from the VERY TOP You need to realise that even ministers don't really have that much power in PAP land. Recall how one particular PAPie was made to look stupid by following orders to defend a policy on Monday, only to...

Locke, You said it man! It makes for interesting conversation whenever I meet up with my ex uni mates. If I recall correctly, you're ex civil service? Must have nice stories to tell rgds

You seem to have a lot of "cheerleaders" from the SDP stalking you

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Still lurking around here YOU FUCKING COWARD