NewsWhore
03-29-2007, 04:30 PM
The International Monetary Fund (IMF) has complimented the energy distributors and the Energy Cabinet for completing the requirements set forth by the stand by arrangement and said that it has been done better than expected. After a meeting of the Committee for the Recovery of the Electricity Sector, members of the IMF expressed their satisfaction with the results of the first quarter. Speaking for the group, Division Chief in the Western Hemisphere Department Andy Wolfe said that up to this point in the year the energy sector is functioning better than expected though the IMF is still waiting for the approval of a bill that would heavily punish electricity fraud. Radhames Segura, head of the State Run Electric Companies (CDEEE) said that government subsidies to the sector will be less this year -US$400 million compared to US$545 million in 2006).
Wolfe did not comment on the TCW lawsuit against the Dominican Republic and answered proposals to privatize the energy sector by saying that he knows of countries where the sector is publicly run and does well and countries where it is private and doesn't do so well.
More... (http://www.dr1.com/index.html#3)
Wolfe did not comment on the TCW lawsuit against the Dominican Republic and answered proposals to privatize the energy sector by saying that he knows of countries where the sector is publicly run and does well and countries where it is private and doesn't do so well.
More... (http://www.dr1.com/index.html#3)