IMF agreement coming

[NewsWhore]

Central Bank governor Hector Valdez Albizu says that officials would take advantage of a visit from IMF officials to initiate conversations on a post-program monitoring (PPM) agreement that would allow the IMF to monitor the Dominican economy. A PPM is a rigorous monitoring program awarded to nations that have recently completed agreements with the IMF. It includes twice-yearly visits from IMF officials. Valdez Albizu explains that as part of the IV Article of the Constitutive Agreement, to which the DR is a signatory, IMF officials visit the DR once per year. An official IMF mission is expected on 15 October.

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