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

Hillbilly

Moderator
Jan 1, 2002
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I think that this is the FIFTH review, not the first. This has been going on since October 2009.

HB
 
Oct 13, 2003
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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
 
Oct 13, 2003
2,789
90
48
instagram.com
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