IMF review : 21 January

The Technical Secretary of the Presidency reported that the IMF’s board has placed the DR standby agreement on its agenda for 21 January. Temistocles Montas said that for this to happen, however, Congress must have approved the 2005 budget by 7 January. The legislators have postponed study of the budget for next year.

Montas said that by 31 December, the country will no longer have any arrears with Paris Club countries. “For 31 December, it was believed that the country was going to have arrears of US$255 million,” he said, as reported in El Caribe. “But now I can assure that as of 31 December of this year the DR will not have arrears with Paris Club countries.”