IMF wants an end to subsidies

[NewsWhore]

The International Monetary Fund wants to put an end to the DR's government subsidies on propane gas and electricity. However, the international financial organization has not drawn up any guidelines on just how to achieve this task, nor has it said just how to focus any reduced subsidies on the nation's very poorest citizens. IMF country representative Erik Offerdahl told Listin Diario reporter Jairon Severino that the IMF has not said a word about how to remove the supports. The electricity subsidy requires US$650 million (RD$21,775,000,000) per year. The propane subsidy costs the government RD$5.0 billion.

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