NewsWhore
02-06-2008, 08:30 PM
President Leonel Fernandez has instructed his Minister of Planning, Economy and Development, Temistocles Montas to initiate discussions with the IMF about such an agreement. Montas, meanwhile, told reporters from Hoy newspaper that the government has confirmed its promise to obtain a fiscal surplus of 1.3% of Gross Domestic Product this year, which would imply the implementation, even in an election year, of a prudent fiscal policy that guarantees no bumps on the economic road. Without entering into details, Montas limited his comments to saying that the President has instructed him to launch discussions with the IMF to explore just what type of agreement would be possible.
The business sector has been urging the government to continue its relationship with the IMF as a means of guaranteeing economic stability and economic growth. One of the leading voices in the private sector, Jose Leon Ascencio, the head of the Grupo Leon Jimenes, praised the presidential decision as "very good".
In the government, Finance Minister Vicente Bengoa on Monday had commented there would be no agreement.
In January, the Ministry of Economy held a workshop to commemorate its first anniversary. Three panelists who spoke on the Dominican economic outlook, Carlos Asilis, Bernardo Vega and Carlos Despradel recommended that the government maintain IMF surveillance.
More... (http://www.dr1.com/index.html#2)
The business sector has been urging the government to continue its relationship with the IMF as a means of guaranteeing economic stability and economic growth. One of the leading voices in the private sector, Jose Leon Ascencio, the head of the Grupo Leon Jimenes, praised the presidential decision as "very good".
In the government, Finance Minister Vicente Bengoa on Monday had commented there would be no agreement.
In January, the Ministry of Economy held a workshop to commemorate its first anniversary. Three panelists who spoke on the Dominican economic outlook, Carlos Asilis, Bernardo Vega and Carlos Despradel recommended that the government maintain IMF surveillance.
More... (http://www.dr1.com/index.html#2)