2005News

IMF liked what it saw

The IMF team that recently visited the country considers that the Dominican economic perspectives are positive. Guy Meredith, the chief of the mission, said that “recent events of economic activity and of the financial markets point towards a continuation of healthy macroeconomic policies.” El Caribe, citing a press note from the EFE new agency, reports that the DR has fulfilled the goals for September 2005, as well as the application of structural reforms just as they were set out. The rest of the year has positive prospects, according to Meredith. The IMF team was in the country to discuss the budget process for 2006. Besides the budget requirements for 2006, the IMF also voiced its worries about the electricity sector.