NewsWhore
05-03-2006, 03:10 PM
According to recent reports, the price of oil is likely to affect the Dominican Republic's capacity to fulfill its commitments with the IMF. According to El Caribe, the Dominican Republic should receive US$326 million from the fund this year. Hector Valdez Albizu, the governor of the Central Bank, told reporters that some of the forecasts contained in the third and fourth reviews of the IMF agreement may well vary because of the current volatility of the price of crude oil around the world. The Presidential Minister for Technical Affairs, Temistocles Montas, said that if the price of oil hits US$80 a barrel, this will mean an increase of US$1.095 billion over the 2005 oil invoice of US$2.45 billion.
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Link To Original Article (http://www.dr1.com/index.html#2)