NewsWhore
08-30-2006, 03:50 PM
The International Monetary fund said yesterday that it recommends that the Dominican government should accelerate and broaden the reforms within the electric sector. As reported by El Caribe, the IMF wants to reduce the sector's financial dependency on state funding and to improve the quality of service offered. These suggestions were made during the fifth review (3-16 August) of the authorities' economic program that the IMF is supporting through a 28-month stand-by arrangement (in the total amount of about US$635 million). The IMF also suggests that the government should ensure fiscal stability, which it said was being threatened by "sluggish revenue performance." The institution suggests that the Congress approve pending legislation aimed at establishing a clear judicial framework for efficient handling of fiscal policy. The note also refers to a motion by the IMF that pushes the government to create a viable method of recapitalizing the Central Bank.
Other sectors favor that instead of increasing taxes, the government reduce its spending, in order to free the money for priority use.
See http://www.imf.org/external/country/dom/index.htm
More... (http://www.dr1.com/index.html#1)
Other sectors favor that instead of increasing taxes, the government reduce its spending, in order to free the money for priority use.
See http://www.imf.org/external/country/dom/index.htm
More... (http://www.dr1.com/index.html#1)