PracticeConsultingTakingStock – IMF banking on prudence.

TakingStock - IMF banking on prudence.

While the Bush administration in the White House was focusing on its pilots forced to land in China, a stones throw away, British mid-tier firm accountancy firm Chantrey Vellacott was involved in conflict with the IMF and the World Bank.

The ordeal came after the firm was commissioned to form a ‘case for serious consideration’ blueprint into how the organisations could eradicate third world debt.

Chantrey partner and master of diplomacy Maurice Fitzpatrick flew to Washington last week to unveil the firm’s findings in front of members of the organisations and officials including state ambassadors and Oxfam representatives.

The firm stated with Gordon Brownesque precision that the organisations could wipe out the debt within 25 years with a little ‘prudence.’ The firm added the prudence would not interfere with their ability to operate or affect their credit ratings.

The organisations were said to have poured cold water over its suggestions and were less than impressed with the idea. The firm is sticking to its guns saying organisations have not explained why its plans wouldn’t work.

Could be a long cold war coming on.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer