NewsWhore
02-05-2008, 07:20 PM
The International Monetary Fund recommends that the DR control spending during the election period in its statement upon conclusion of the 36-month Stand-by Arrangement.
"Maintaining fiscal consolidation and single-digit inflation during the upcoming electoral period will require control of public spending, and readiness to tighten monetary policy promptly should the need arise", states the IMF. "Over the medium term, it is important to have increased, better targeted, and more efficient social spending. To ensure that adequate resources are available for critical social goals, it seems desirable to limit energy subsidies, reform the tax system, and broaden the tax base, including by rationalizing tax exemptions. Further efforts over the medium term will also be needed to ensure primary surpluses that enable the reduction of the public debt burden to the pre-crisis level".
Upon completing the 8th and final review of the country's economic performance, the IMF approved the disbursement of about US$122.3 million.
The IMF commended the authorities for the country's recovery from the 2002-2004 crisis. "Prudent macroeconomic policies in a favorable external environment have restored confidence and delivered strong macroeconomic performance, with rapid GDP growth and single-digit inflation. Monetary policy has been skillfully managed and structural reforms have strengthened the policy framework".
www.imf.org/external/np/sec/pr/2008/pr0817.htm (http://www.imf.org/external/np/sec/pr/2008/pr0817.htm)
More... (http://www.dr1.com/index.html#8)
"Maintaining fiscal consolidation and single-digit inflation during the upcoming electoral period will require control of public spending, and readiness to tighten monetary policy promptly should the need arise", states the IMF. "Over the medium term, it is important to have increased, better targeted, and more efficient social spending. To ensure that adequate resources are available for critical social goals, it seems desirable to limit energy subsidies, reform the tax system, and broaden the tax base, including by rationalizing tax exemptions. Further efforts over the medium term will also be needed to ensure primary surpluses that enable the reduction of the public debt burden to the pre-crisis level".
Upon completing the 8th and final review of the country's economic performance, the IMF approved the disbursement of about US$122.3 million.
The IMF commended the authorities for the country's recovery from the 2002-2004 crisis. "Prudent macroeconomic policies in a favorable external environment have restored confidence and delivered strong macroeconomic performance, with rapid GDP growth and single-digit inflation. Monetary policy has been skillfully managed and structural reforms have strengthened the policy framework".
www.imf.org/external/np/sec/pr/2008/pr0817.htm (http://www.imf.org/external/np/sec/pr/2008/pr0817.htm)
More... (http://www.dr1.com/index.html#8)