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View Full Version : IMF plans revision



NewsWhore
03-30-2007, 04:00 PM
The IMF will review its stand by arrangement with the DR during the second half of May. Diario Libre writes that the current IMF mission in the country is monitoring the current situation, but explains that it is too early to present all the data. Hacienda Minister Vicente Bengoa says that the country has fulfilled all the requirements set forth by the agreement. Bengoa also explained that the country has received RD$4 billion more than expected in revenues. This is due to the Falconbridge mine that reported RD$2 billion more in revenues, because of the increased price of nickel and a similar sum received by the Tax Department due to increases in amounts paid for the ITBIS tax.

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