Today’s headlines report happy monetary news, principally the anticipated return of the International Monetary Fund (IMF) team. The Listin Diario’s Jose Javier reports that Central Bank officials revealed that the IMF mission would arrive in the Dominican Republic Monday, 10 November, at which time the resumed discussions would focus on the economic stabilization program to be funded by the IMF. The return of the IMF was negotiated by the Dominican team that visited the IMF’s headquarters in Washington last week.
The Central Bank also reported that the panel of international experts designated by the IMF and the Inter-American Development Bank (IDB) to look into the purchase of EdeNorte and EdeSur has finished its work and presented a preliminary report to the government. The final report is expected to be handed in on Friday. A Central Bank spokesman said that these steps, in addition to the measures taken to raise the funds needed to fulfill the goals set by the IMF, are likely to normalize the disbursal of funds from the IMF and other multinational financial organizations.