NewsWhore
06-02-2009, 03:00 PM
The executive vice president of the Dominican Corporation of State-run Electricity Enterprises (CDEEE) Radhames Segura said the government has not decided on the signing of a new agreement with the International Monetary Fund. He did confirm that the World Bank and the Inter American Development Bank (IDB) are encouraging the government to step up its present monitoring agreement.
"We have to be clear that the World Bank and the IDB will lend money on the basis of a letter of approval that would come from the IMF after some commitment from the government, some type of agreement. We have a monitoring agreement in place, but greater involvement is required," he said. He said the President will decide when to start these discussions with the IMF.
A good portion of the funds would be allotted to meet the country's increasing electricity financial deficit.
More... (http://www.dr1.com/index.html#3)
"We have to be clear that the World Bank and the IDB will lend money on the basis of a letter of approval that would come from the IMF after some commitment from the government, some type of agreement. We have a monitoring agreement in place, but greater involvement is required," he said. He said the President will decide when to start these discussions with the IMF.
A good portion of the funds would be allotted to meet the country's increasing electricity financial deficit.
More... (http://www.dr1.com/index.html#3)