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View Full Version : IMF and refinery sale



NewsWhore
11-28-2007, 02:40 PM
The International Monetary Fund (IMF) has no objection to the government's proposed refinery purchase, but the local IMF representative, Eric Offerdahl says that they would prefer the refinery to remain in the private sector. According to Hoy newspaper, Offerdahl said that the business of refining oil is an "issue for the private sector." The expert said that "personally (he) does not see much advantage in transferring businesses to state ownership." When the reasoning given by the Dominican government was mentioned, Offerdahl said that he did not understand exactly where the saving alluded to by the government were going to come from. Offerdahl made these comments at the Exporters Dinner at Santo Domingo's Jaragua Renaissance Hotel.

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