NewsWhore
02-22-2008, 03:50 PM
President Leonel Fernandez has sent Central Bank director Hector Valdez Albizu to Washington for meetings with IMF executives. On the agenda is the possibility of signing a new agreement with the international financial institution. Officials who have championed a new pact say that the new agreement doesn't necessarily have to be a Stand-by arrangement like the last one, and even if a Stand-by agreement were to be signed, it could be a less stringent accord. Fernandez, quoted in Diario Libre, said that with the continued deterioration of the world economy, the DR could protect itself from any adverse effects, enabling the country to continue with the stability it has experienced in recent years.
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More... (http://www.dr1.com/index.html#1)