The International Monetary Fund (IMF) has praised the operation to repurchase the “Brady Bonds” that the Central Bank of the Dominican Republic carried out for the effect it had on the reduction of the quasi-fiscal deficit and consolidating public debt.
In a meeting with Central Bank Governor Héctor Valdez Albizu, Aliona Cebotari, head of the IMF mission that visited the country last week, also highlighted the low levels of deficit of the current account for this year and the forecast for 2018.
She said that during the mission’s visit to the country they could see a change in the expectations of the economists and a positive effect of the monetary measures recently implemented by the Central Bank.
She spoke of an environment of optimism about the performance of the Dominican economy after meeting with public and private institution heads.
Ceborati and Valdez Albizu also spoke about the electricity pact, the supervision of cooperatives, the development of the financial sector and the application of the new Law on Money Laundering, as well as other issues.
Ceborati was accompanied by Javier Arze del Granado, Ben Sutton, Dmitry Plotnikov and Hui He. Participating in the meetings for the Central Bank were Valdez Albizu, Clarissa de la Rocha de Torres, Ervin Novas, Frank Montaño, Joel Tejeda, Olga Díaz, Frank Fuentes, Julio Andújar, Ramón González, Ramón Rosario and Rafael Capellán.
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Banco Central
7 November 2017
