WB advocates stability

[NewsWhore]

The World Bank is urging the Dominican government to make macro-economic stability a priority. World Bank Latin America and the Caribbean managing director Juan Jose Daboub asked the government to maintain relations with international organizations that helped the DR recover from a near economic collapse in 2003. Daboud, quoted in Listin Diario, added that employment is the best tool for fighting poverty. Asked whether the DR should renew its stand-by arrangement with the International Monetary Fund, Daboub said that this was a sovereign decision, but he encouraged the DR to maintain an open dialogue with the international organizations that have helped the economy recover. Daboub pointed out that inflation is a tax that affects the purchasing power of the entire population as well as the production capacity of companies.

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