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View Full Version : IMF pushes on subsidies



NewsWhore
09-11-2006, 10:10 PM
Andy Wolfe, the IMF chief of mission in the Dominican Republic, has told a government-sponsored energy seminar that the money being used to subsidize the cost of electricity and propane gas (LPG) would be better used in education and health care. According to Diario Libre, Wolfe said that education and public health are vital issues that need solving in the DR. Wolfe pointed out that there is no nation in the world at the development level of the Dominican Republic that spends as much money on subsidizing such a deficient electricity system. For this reason, Wolfe said that the IMF wants the government to rationalize its expenditure and focus more on health and education.

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