NewsWhore
09-25-2009, 02:10 PM
President Leonel Fernandez assured reporters in New York that the government would be signing an agreement with the International Monetary Fund (IMF) in less than three weeks to finance the budgetary problems that he attributed to the impact of the world crisis on fiscal collections. "These are not agreements for structural adjustments to resolve issues of balance of payments", said Fernandez when interviewed in New York where he is attending the 64th General Assembly of the United Nations.
He said that imports and exports were down in the DR, as well as tax sales revenues. He stressed that this is not a fiscal deficit, but rather a shortfall due to the decrease in collections.
"In principle we are with the IMF, which gives us greater credibility in the international financial markets and will allow the Dominican Republic to place bonds at an interest rate that is within the country's aims," the President told reporters in New York.
President Leonel Fernandez returns to the DR on Sunday.
More... (http://www.dr1.com/index.html#2)
He said that imports and exports were down in the DR, as well as tax sales revenues. He stressed that this is not a fiscal deficit, but rather a shortfall due to the decrease in collections.
"In principle we are with the IMF, which gives us greater credibility in the international financial markets and will allow the Dominican Republic to place bonds at an interest rate that is within the country's aims," the President told reporters in New York.
President Leonel Fernandez returns to the DR on Sunday.
More... (http://www.dr1.com/index.html#2)