NewsWhore
11-15-2007, 05:50 PM
A team from the International Monetary Fund recently met for the eighth and final review of its Stand-by Arrangement with the DR. The mission was also in the DR for the periodic discussion of economic policies and the medium-term macroeconomic outlook.
The IMF says that following a series of meetings with senior government officials, they concluded that economic growth remains strong, inflation is under control, and the financial system has been strengthened. The IMF, nonetheless, report that the conduct of macroeconomic policies has become more complicated in the context of rising oil prices, more uncertainty in the prospects for world economic growth, and the reconstruction needs after the Tropical Storm Noel.
The IMF went on to state that the authorities also provided extensive documentation on the contract with SunLand, and that the IMF staff is reviewing this information.
In a release from the IMF, the multilateral organization indicates that IMF staff and the Dominican authorities have yet to conclude the review of the Stand-by Arrangement and the Article IV consultation, but it was agreed that this would take place "at the earliest possible opportunity".
More... (http://www.dr1.com/index.html#4)
The IMF says that following a series of meetings with senior government officials, they concluded that economic growth remains strong, inflation is under control, and the financial system has been strengthened. The IMF, nonetheless, report that the conduct of macroeconomic policies has become more complicated in the context of rising oil prices, more uncertainty in the prospects for world economic growth, and the reconstruction needs after the Tropical Storm Noel.
The IMF went on to state that the authorities also provided extensive documentation on the contract with SunLand, and that the IMF staff is reviewing this information.
In a release from the IMF, the multilateral organization indicates that IMF staff and the Dominican authorities have yet to conclude the review of the Stand-by Arrangement and the Article IV consultation, but it was agreed that this would take place "at the earliest possible opportunity".
More... (http://www.dr1.com/index.html#4)