NewsWhore
08-28-2007, 04:40 PM
Lisandro Macarrulla, president of the National Council for Private Business (CONEP) and Rafael Menicucci, chief executive of Cerveceria Nacional Dominicana that brews Presidente beer, are both in favor of the country signing an agreement with the IMF once the current Stand-by arrangement comes to an end in January 2008. Both businessmen believe that the IMF's presence will generate economic confidence in terms of both investment and finance. Macarrulla added that this wasn't a case of loss of confidence in the local authorities. In his opinion, an IMF agreement is a welcome sign of stability on the international finance markets. Menicucci also commented that the IMF would help the government manage resources and state funds. The businessmen's statements come in response to comments by members of the government's economic team. Temistocles Montas and Vicente Bengoa both said that the government has been the reason for economic stability, not the IMF, and that there is no need to sign another agreement with the IMF. Bengoa, however, said that only President Leonel Fernandez could decide whether or not to sign an agreement with the IMF.
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More... (http://www.dr1.com/index.html#8)