NewsWhore
05-24-2011, 02:40 PM
A mission from the International Monetary Fund is in the country to conclude the fifth and sixth reviews of the Stand-by Arrangement with the Dominican monetary authorities. The accord between the administration and the IMF approved in November 2009 (http://www.imf.org/external/np/sec/pr/2009/pr09393.htm).
According to a statement from the Central Bank, the commissioners will discuss the quantitative and structural goals corresponding to the end of December 2010 and the end of March 2011. The members of the IMF mission are chief Alejandro Santos and economists Teresa Daban, Rafael Espinoza, Javier Arze del Granado and Priscila Muthoora.
The IMF team plans to meet with Central Bank Governor Hector Valdez Albizu, Hacienda Minister Daniel Toribio and Economy, Planning and Development Minister Temistocles Montas, as well as with Celso Marranzini of the Public Electricity Corporation (CDEEE) and with members of the economic and social cabinets of the Fernandez administration.
Last Monday, 16 May, during a meeting with the administration's economic team chaired by President Leonel Fernandez, it was agreed to write a Letter of Intent (LOI) for the fifth and sixth reviews of the agreement between the Dominican Republic and the IMF. The letter will be dealt with by the directors of the IMF.
The Fernandez administration seeks to make a US$500 million sovereign bond placement this year.
More... (http://www.dr1.com/index.html#1)
According to a statement from the Central Bank, the commissioners will discuss the quantitative and structural goals corresponding to the end of December 2010 and the end of March 2011. The members of the IMF mission are chief Alejandro Santos and economists Teresa Daban, Rafael Espinoza, Javier Arze del Granado and Priscila Muthoora.
The IMF team plans to meet with Central Bank Governor Hector Valdez Albizu, Hacienda Minister Daniel Toribio and Economy, Planning and Development Minister Temistocles Montas, as well as with Celso Marranzini of the Public Electricity Corporation (CDEEE) and with members of the economic and social cabinets of the Fernandez administration.
Last Monday, 16 May, during a meeting with the administration's economic team chaired by President Leonel Fernandez, it was agreed to write a Letter of Intent (LOI) for the fifth and sixth reviews of the agreement between the Dominican Republic and the IMF. The letter will be dealt with by the directors of the IMF.
The Fernandez administration seeks to make a US$500 million sovereign bond placement this year.
More... (http://www.dr1.com/index.html#1)