NewsWhore
12-12-2006, 05:20 PM
The International Monetary Fund (IMF) is postponing the fifth and sixth revisions of the Dominican Republic's Stand-by agreement until 24 January 2007. The agreement was supposed to be reviewed on 22 December. This is the third postponement of the reading. The IMF representative in the DR, Erik Offerdal says that the negotiations that correspond to the first semester of next year are going well. In August the government and the IMF were supposed to meet to discuss the revisions, but the government wasn't ready at that point. The meeting was postponed again in October, and now once again, which is why the government hasn't received any IMF funds since May. Listin Diario reports that the IMF has given the country more than US$365 million to date, which is only part of a total US$631.7 million under the Stand-by agreement.
More... (http://www.dr1.com/index.html#3)
More... (http://www.dr1.com/index.html#3)