NewsWhore
11-11-2009, 04:20 PM
Hacienda Minister Vicente Bengoa says that with the signing of the Stand-by Arrangement with the IMF, the DR will be receiving US$450 million as part of the agreement and not the US$1.7 billion, as has been widely reported. Bengoa said the DR would get US$300 million this year and US$150 million next year. He added that the DR could eventually ask for as much as US$1.7 billion in funds, if necessary, but that money would be used to strengthen the Central Bank's reserves, and not for support to the balance of payments. Bengoa said the US$300 million would support the National Budget, because government revenues are projected at RD$21 billion below 2009 estimates.
More... (http://www.dr1.com/index.html#2)
More... (http://www.dr1.com/index.html#2)