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NewsWhore
07-27-2012, 04:50 PM
The IMF could be welcomed back earlier than later. President-elect Danilo Medina met with visiting executives here for the International Monetary Fund's 11th Annual Regional Conference on Central America, Panama and the Dominican Republic that opened yesterday in Punta Cana. In a high-level meeting held before the opening of the conference, Medina showed interest that the country reach a new agreement with the IMF for technical support to foster structural reforms and achievement of macroeconomic goals.

As reported, in Diario Libre, Medina proposed the IMF team visit in September.

The meeting with IMF officials and the Medina team lasted around an hour and was attended from the IMF by the deputy managing director Min Zhu; director, Western Hemisphere Department, Nicolas Eyzaguirre; Miguel Savastano, deputy director Western Hemisphere Department; Przemek Gajdeczka, new IMF head of mission for the Dominican Republic. On behalf of the Central Bank, attending were Governor Valdez Albizu; deputy governor Clarissa de la Rocha de Torres; deputy head of monetary policy Joel Tejeda Compres;Deputy head of monetary policy; director of the Department of Monetary Programming, Julio Andujar; director of the International Department Frank Fuentes; and representative of the Dominican Republic to the IMF, Ana Beatriz Rodriguez.

Also attending the meeting were President-elect advisors Gustavo Montalvo, Gonzalo Castillo and Carlos Pared.

Following the meeting with Medina, the Governor of the Central Bank Hector Valdez Albizu and the Deputy Director of the IMF, Min Zhu, formerly declared the eleventh Regional Meeting of Central American, Panama and the Dominican Republic open and addressed the challenges facing the area. Min Zhu reiterated the commitment of the IMF to the region and said that structural reforms were needed to improve the lives of the people, reduce poverty, increase employment and strengthen institutions and governability.

The eleventh annual IMF conference seeks to discuss the appropriate stance of macroeconomic and financial policies and the optimal pace at which countries should rebuild their macroeconomic and financial buffers to increase its capacity to respond to adverse economic shocks. It will also discuss the role of structural reforms in boosting economic growth in the region. In addition the conference will analyze the short and medium-term outlook for the global economy growth, with special emphasis on the possible effects on the region of developments in the US and Europe.

http://www.diariolibre.com/economia/2012/07/26/i345537_presidente-danilo-medina-muestra-interes-acercamiento-con-fmi.html

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