Government to submit new IMF letter

[NewsWhore]

The Dominican government is preparing to present a new Letter of Intent to the International Monetary Fund (IMF). Economy, Planning and Development Minister Temistocles Montas announced that the letter, which should be ready next week, would be within the guidelines set out last year. Last night government officials met with IMF representatives to discuss the content of the proposed government program. The Letter of Intent sets out the policies that the Dominican Republic intends to implement in the context of its continued request for financial support from the IMF under the Stand-by Arrangement, and will be presented in Washington, D.C. in June. Montas said that during the week the IMF mission and the government's economic team have been reviewing the Dominican economy and both sides feel that the country is doing well. A positive evaluation is essential for the Letter of Intent's approval, said Montas.

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