2004News

What the DR wants with the IMF

President Leonel Fernandez said in his 100 days address to the nation that the government’s objective in resuming a stand-by agreement with the IMF is to restore price stability and resume sustained growth. He said the country will receive fresh resources that will enable the public sector to overcome the cash restrictions in the short term. He said the agreement contemplates the implementation reforms to government financial institutions and improvement of fiscal policies, in addition to the strengthening of the Central Bank and the Superintendence of Banks. Another objective is that it will enable the government to implement a plan to improve the efficiency of the electric sector.