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View Full Version : Bonetti against a new IMF accord



NewsWhore
07-31-2007, 05:10 PM
Presidential Administrative Secretary Luis Manuel Bonetti says that the government shouldn't sign another agreement with the International Monetary Fund. In his opinion, the DR does not need a "straightjacket" any longer. Bonetti says the DR met all the requirements of the current Stand-by arrangement that ends on 31 January 2008. Quoted in Diario Libre, Bonetti says that the DR should retake its economic sovereignty. He blamed the PRD political party and its PPH faction, for causing the financial crisis that brought with it the signing with the IMF.
Business groups favor the signing a new agreement with the IMF in order to ensure more effective controls on government spending, especially since 2008 is an electoral year.

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