2005News

IMF team arrives today

After just finishing a revision of the dispensations required for the fulfillment of obligations with the IMF, a new team from the international financial organization is arriving in the DR today to begin two weeks of revisions. This is the third revision of the accord and corresponds to the period July-December of this year. The team will spend about two weeks in Santo Domingo and they will probably be back before December when it is expected that the Board of Governors of the IMF will approve the third letter of intention. According to Diario Libre, the government is optimistic, and sources close to the Economic Cabinet said that the nation has fulfilled practically all the goals established in the agreement. The source said that there would be a special emphasis on financial and banking results.