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Thread: Dominican Republic: First Review Under the IMF Stand-By Arrangement,

  1. #1
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    Smile Dominican Republic: First Review Under the IMF Stand-By Arrangement,

    Dominican Republic: First Review Under the Stand-By Arrangement, Requests for
    Waivers of Applicability and Modification of Performance Criteria

    http://www.imf.org/external/pubs/ft/scr/2011/cr1170.pdf

    Always a good time.

  2. #2
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    I think that this is the FIFTH review, not the first. This has been going on since October 2009.

    HB

  3. #3
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    The number hardly matters; it shows what most have seen;

    Downturn in most economic sectors and artificial inflation of GDP.

    Imports and exports are down.

    Internal domestic demand remains weak.

    I wonder what PICHARDO has to say

  4. #4
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    Default sorry about the double post; had no time to edit the first; can it be deleted?

    The number hardly matters; it shows what most have seen;

    1. Downturn in most economic sectors

    2. Imports and exports are down.

    3. Internal domestic demand remains weak.

    4. External Debt as percentage of GDP rises by 2%; Internal Debt by 1.1 (600 Mio in internal bonds).

    Still GDP goes up 3.5%

    I wonder why this is?


    On an interesting note; anybody noticed the line in Table 10 (pg 37) which is headed 'Exceptional Finance'.

    It has an line item which says 'debt forgiveness'... the DR always pays its dues right?

    I wonder what PICHARDO has to say

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