NewsWhore
11-04-2008, 03:40 PM
National Business Association president Lisandro Macarulla backed the idea expressed by three economists yesterday that the DR needed to sign a new accord with the International Monetary Fund, just as long as there is not another 'fiscal reform.' Yesterday, three economists from the Intec, Apec and UASD universities said that the Dominican Republic needed to sign a new Stand-by agreement with the IMF in order to tackle the effects of the world economic crisis. The economists, Favricio Gomez of Intec, Melvin Perez of the UASD and Carlos Cuello of Apec shared the view that an agreement with the International Monetary Fund (IMF) would send a positive signal to investors and improve the country's risk rating. The economists said that US$200 million is available in funds for emerging economies like the DR economy.
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More... (http://www.dr1.com/index.html#5)