Last news I read seemed to indicate that the IMF walked out after failing to reach some sort of agreement on what should be done with the power generators (ElNorte <sp?) that the government bought back inspite of instructions by the IMF not to. When I read about this and the IMF failing to reach an agreement, I don't understand these things . . . .
1) After Hippo bought back EdNorte the IMF told him it was a breach of contract, the IMF came back a few days ago to re-negotiate, I guess the question is, what did the IMF demand reguarding an already bought back EdNorte? Did theyt wont the government to re-sell it?
2) Why would the governement be so hot on holding on to EdNorte?
3) Is this (and government failure to curb spending) the reasons the IMF walked out?
I guess what I want is an understanding about how EdNorte fits into this, and why (in the news at least) this is toted as a key disagreement.
-Lee
1) After Hippo bought back EdNorte the IMF told him it was a breach of contract, the IMF came back a few days ago to re-negotiate, I guess the question is, what did the IMF demand reguarding an already bought back EdNorte? Did theyt wont the government to re-sell it?
2) Why would the governement be so hot on holding on to EdNorte?
3) Is this (and government failure to curb spending) the reasons the IMF walked out?
I guess what I want is an understanding about how EdNorte fits into this, and why (in the news at least) this is toted as a key disagreement.
-Lee