NewsWhore
11-08-2007, 02:40 PM
A group of high-ranking IMF officials have arrived in the DR seeking detailed information about the Sun Land Corporation loans. Listin Diario reports that they received this information from a PRD spokesperson and writes that the IMF wants to determine if, and by how much, the country has indebted itself, and to determine whether the loan violates the debt limits established by the IMF Stand-by arrangement. The scandal behind the loans began to make headlines a month ago, but Sun Land and government officials have been quiet on the subject, rarely releasing any information on the case. President Leonel Fernandez, who is at the center of the scandal, has maintained that the loans are legal and that the Constitution gives him special authority to approve such loans without Congressional approval. Recently, the Supreme Court published that it would not be issuing an opinion on whether recent Sun Land borrowing constitutes a violation of the Constitution that requires foreign borrowing to be approved by Congress arguing that Tropical Storm Noel has created other priorities.
More... (http://www.dr1.com/index.html#10)
More... (http://www.dr1.com/index.html#10)