NewsWhore
03-22-2011, 03:40 PM
New Hacienda Minister Daniel Toribio and the Governor of the Central Bank Hector Valdez Albizu met at the Central Bank with Alejandro Santos, IMF mission chief, and other officers of the international financial institution on Monday to restart the negotiations within the framework of the fifth review of the US$1.7 billion stand-by arrangement signed with the IMF in November 2009. According to Nuevo Diario, also participating in the meeting was the executive vice-president of the State Electricity Corporation (CDEEE), Celso Marranzini because the issue of electricity is central to all the economic discussions today.
At the heart of the conversations is the US$150 million disbursement that is already planned for in the 2011 budget.
According to Bernardo Vega a former governor of the Central Bank, the agreement that the country has with the IMF has gone through a series of incidents in its fifth review that have delayed the approval of the Letter of Intent submitted by the Fernandez government.
More... (http://www.dr1.com/index.html#3)
At the heart of the conversations is the US$150 million disbursement that is already planned for in the 2011 budget.
According to Bernardo Vega a former governor of the Central Bank, the agreement that the country has with the IMF has gone through a series of incidents in its fifth review that have delayed the approval of the Letter of Intent submitted by the Fernandez government.
More... (http://www.dr1.com/index.html#3)