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Agriculture takes center stage, it's chief is now part of the Economic Team.
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SANTO DOMINGO. - The Government’s Economic Team discusses the monitoring agreement it will sign with the Intenational Monetary Fund (IMF), in a meeting began at 11:30 a.m. in the National Palace.

In his inaugural speech president Leonel Fernandez announced that the signature of a monitoring agreement with the IMF is among the measures to be adopted to maintain macro-economic stability.

Newspaper Nacional said also discussed in the meeting are the measures to be adopted in the next few days regarding the country’s economic situatio.

The officials also analyze the dollar’s exchange rate, which has climbed slowly in the last few days, and the subsequent rise in interest rates and food prices and other items.

In the meeting headed Fernandez participate the ministers of Economy, Agriculture, and the heads of the Central Bank, Banks Superintendence, among others.

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COMMENTS
5 comment(s)
Written by: Belial, 22 Aug 2008 5:00 PM
From: United States, Texas
DR should monitor the IMF, a big greedy usurious thief.
Written by: RaveloFordham, 23 Aug 2008 3:26 PM
From: United States
As an Economics major at Fordham University here in New York, i can suggests that the Dominican Republic will not only fall back and create more debt for the country by accepting reforms from the IMF, it will also create a cycle of debt so great it will never prove to stabilize the economy. Like many other countries that have accepted the IMF's reforms and conditions, Mexico for instance, The Dominican Republic will experience heavy interest rates and great burden on the poorest workers in the country. The IMF loans money to third world countries in particular because they are the ones in greatest needs and implicate terms and conditions that favor the the countries that accept them in the short term, but only benefits the IMF in the long-run; the extremely high interest rates placed on these loans add to the debt in rapid and great amounts. IF Leonel Fernandez opts to accept the help of the IMF he will be endangering the lives of the most needy and already over worked poor people o
Written by: RaveloFordham, 23 Aug 2008 3:30 PM
From: United States
IF Leonel Fernandez opts to accept the help of the IMF he will be endangering the lives of the most needy and already over worked poor people of the country. Like i have mentioned in the previous posting, the IMF will steal power from Leonel Fernandez and attempt to run the country at it's own interest benefiting themselves [IMF].
Written by: gouletculonial This user is banned, 23 Aug 2008 4:12 PM
From: Dominican Republic
IMF help Jamaica .. Jamaica go no place .. IMF help Dominican Republic .. Dominican Republic go no place ..?
Written by: TexasBill, 25 Aug 2008 11:38 AM
From: United States, Killeen, TX - Home of the 1st Cavalry
The financial hole is being dug deeper and deeper so as to be a bottomless pit into which outside money flows unabated.
Government SHOULD begin SELF-HELP programs which will benefit the overall population instead of dumping millions into grandiose schemes devised to lull the population into a sense of well-being, such as has been done in the past by ALL political parties.
The policy of making work for the sake of "APPEARANCE OF WELL-BEING" will no longer work as it has in the past.
The bureaucratic structure of all the Ministeries MUST be reduced to a minimaly workable level in order to facilitate the austerity necessary for efficient functionality.

TB

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