The International Monetary Fund has a team in the Dominican Republic to review the progress of the stand-by arrangement. The two-week long visit includes looking into the 2006 projections for Dominican economic recovery. According to Listin Diario, the team has found some positive aspects, but they are expressing concern about the real possibility that the electricity sector will report greater losses than expected. The electricity sector is being looked at not only by the IMF, but also by the World Bank, which is financing efforts to obtain better financial results in electricity distribution and production. Bill collection was a major point during the meeting of IMF and WB officials who also looked at crude oil futures and the possible effect on the local electricity market. A study given to the IMF technical team pointed out that the key piece in the electricity sector’s financial jigsaw puzzle was the cost structure, especially how costs were structured in the generation sub-sector. A major discussion point was bill collection that, according to sources, “was not going as well as expected.” The technicians are having trouble squaring up the US$300 million capital injection intended to assist in the sector’s recovery. Even though the government had signed a Letter of Intent with the IMF that stated that the subsidy to the electric sector would not go beyond US$350 million, the authorities announced an additional US$60 million contribution for the distributors to purchase more energy from the generators in April.