NewsWhore
05-22-2009, 04:20 PM
According to Economy, Planning and Development Minister Temistocles Montas, the World Bank is trying to force the DR to sign a deep-reaching agreement with the World Bank as a precondition for receiving a US$300 million loan that would be used to pay electricity sector arrears.
Montas did comment that if the DR decided to enter into a second Stand-by arrangement it would not mean an increase in taxation.
Montas acknowledged that a new Stand-by agreement would force the DR to take concrete measures on the energy issue.
Critics of the Fernandez government's electricity sector policies point to the heavy politicizing of the government entities that dominate the sector.
Economist Isidoro Santana told Hoy that international credit is closed for the DR until the country signs an agreement that indicates that the IMF is monitoring the actions of the government. Santana, interviewed on the Uno+Uno TV show on TeleAntillas called on the government to improve the quality of its spending.
More... (http://www.dr1.com/index.html#4)
Montas did comment that if the DR decided to enter into a second Stand-by arrangement it would not mean an increase in taxation.
Montas acknowledged that a new Stand-by agreement would force the DR to take concrete measures on the energy issue.
Critics of the Fernandez government's electricity sector policies point to the heavy politicizing of the government entities that dominate the sector.
Economist Isidoro Santana told Hoy that international credit is closed for the DR until the country signs an agreement that indicates that the IMF is monitoring the actions of the government. Santana, interviewed on the Uno+Uno TV show on TeleAntillas called on the government to improve the quality of its spending.
More... (http://www.dr1.com/index.html#4)