Bear Sterns writes today that the government and visiting IMF mission are reportedly putting the final touches on a revised agreement. Nevertheless, Franco Uccelli states that the question of how to raise revenues by 0.5% of the GDP is still a pending issue. “The government expects to have a final agreement ready by as early as next week,” says Bear Sterns, according to its sources.
Bear Sterns also states: “The news is good on both the IMF and the US fronts, as both appear to be very much engaged with (the DR) and a prompt restoration of the agreement with the Fund seems likely.”