According to the Inter-American Development Bank, the Dominican government has been pretty successful in fulfilling the requirements of the IMF agreement, and the Central Bank has the reserves that give it the strength to control the quasi-fiscal deficit. This was the opinion of Moises Pineda, the IADB representative in the Dominican Republic. After pointing out that the IADB is not worried because the authorities have been handling the macro-economy well enough, Pineda did say that the people should demand that the government use public funds in an austere and transparent fashion. The IADB official reaffirmed that the current economic crisis is the result of “a large-scale banking fraud”, and that the international community is waiting for Dominican justice to act against those involved. Pineda pointed out that the Dominican Republic has entered an important phase in the stabilization process and he urged the authorities to maintain their rhythm and their consensus in their economic policy.