PDA

View Full Version : [DR1] IMF to look at DR Letter of Intent



NewsWhore
05-08-2006, 03:10 PM
Today is the day. The board of directors of the International Monetary Fund will meet to review the Dominican Republic's Letter of Intent regarding the third and fourth reviews of the Stand-by Accord. As reported in El Caribe, if the letter is approved as it stands, the DR should receive US$326.76 million as from this week. According to the director of telecommunications for the Dominican Central Bank, Luis Martin Gomez, the DR will receive the news tomorrow. The Letter of Intent outlines the DR's economic performance over the past year and the fiscal and financial targets for 2006. It is expected that the IMF will approve it.

Link To Original Article (http://www.dr1.com/index.html#10)