Deficit in the current account

[NewsWhore]

The deficit on the balance of payments on the nation's current accounts has increased to RD$2.23 billion in 2007, up from RD$1.26 billion in 2006. According to statistics published in Hoy, the balance of payments on the current accounts equaled 5.4% of the GDP in 2007, compared to 3.5% of the GDP. According to the Central Bank these figures reflect an increase in the country's international reserves. According to an IMF report on the challenges for the Dominican economy, although the gap of the GDP has been reduced, the pressures on demand and the increase in international fuel prices have increased the deficit on the current accounts. The IMF report indicates that although international reserves have increased, the DR still has one of the lowest amounts of reserves among emerging market economies.

More... (http://www.dr1.com/index.html#1)