Economist Pedro Silverio warned that, no matter what, there would be new taxes after the IMF accords were signed. Speaking to reporters from Hoy newspaper after presenting his evaluation of the current economic situation to the National Association of Young Business People (ANJE), Silverio said that either openly or under some sort of subterfuge, the government would have to raise taxes because they are not capable of reducing public spending. The economist and head of the Cenantillas economic research center of the largest private university in the Dominican Republic (PUCAMAIMA), asked the government to explain just how it would obtain the larger surplus required by the IMF accords, in consideration of the repeated statements that public payrolls would not be reduced nor would taxes be raised. He again recommended a reduction of public spending and increased savings within the government as a solution. With the IMF agreement, the leading economic indicators will fall and economic growth will slow, according to Silverio.