NewsWhore
08-31-2009, 05:00 PM
The DR government seeks International Monetary Fund (IMF) financial assistance to meets its current deficit. According to Hoy newspaper, a IMF mission is expected in Santo Domingo this week for talks that would lead to the signing of a stand by agreement.
As reported, the short term assistance would bring US$1.5 billion to the Treasury. The Ministry of Hacienda has reported a RD$10.5 billion budget deficit.
Central Bank Governor Hector Valdez Albizu and Hacienda MinisterVicente Bengoa met late last week with the assistant manager of the IMF, Murillo Portugal, the executive director of the Chair to which the DR belongs within the IMF, Paolo Noguiera Batista, the chief of the negotiating mission for the Dominican Republic, Alejandro Santos.
More... (http://www.dr1.com/index.html#3)
As reported, the short term assistance would bring US$1.5 billion to the Treasury. The Ministry of Hacienda has reported a RD$10.5 billion budget deficit.
Central Bank Governor Hector Valdez Albizu and Hacienda MinisterVicente Bengoa met late last week with the assistant manager of the IMF, Murillo Portugal, the executive director of the Chair to which the DR belongs within the IMF, Paolo Noguiera Batista, the chief of the negotiating mission for the Dominican Republic, Alejandro Santos.
More... (http://www.dr1.com/index.html#3)