How deep will the middle class have to dig to provide the tax revenue the government will need to pay off the IMF loans ?

Danny Boy just do what they tell you to do......your Uncle will take care of you

Saint Danilo dreamkiller will lend you his knee pads and show you how to open wide!

Why the IMF is willing to make loans to the very same people who lied to them in the last agreement is beyond me. They stopped lending to Mejia and they pulled the last loans from LF. Medina must be awfully persuasive.

And P.S.

I told you to remember this headline when it ran on Sept. 3

Dominican Government denies IMF pact looms.

Congenital liars.

Read this jb!

“The Dominican Republic payment system is at risk, says expert”

Fiscal unsustainability: "a very grave and serious situation that puts in serious hazard the entire system of payments of the country." It's time us honest and put things clear so that we all can come out winning.

SANTO DOMINGO, Dominican Republic-The Dominican Republic is a poor country highly in debt if taken into account that at the moment the country has indicators 4.38 times above the critical value to be included within that category, according to an analysis by the Economist Yvan Rodriguez.

He revealed that the debt of the Government and the Central Bank reaches the scandalous sum of US$ 32,186.1, Billion something we have never known until now.

continued:

"The critical value of 150% determines which countries would fall under the initiative of Highly Indebted Poor Countries (HIPC), which when measured by the net present value to the external public debt generated, i.e. the indicator of the burden of the debt on exports, or the ability to generate foreign exchange." "This indicator in the Dominican Republic is 656%, 4.38 times higher than critical, so we qualify as a country in the HIPC", says the document forwarded to Acento.com.do.

Read the rest at:

El sistema de pagos de República Dominicana está en riesgo, dice experto

Insostenibilidad fiscal: “una situación muy grave y seria que pone en serios peligros todo el sistema de pagos del país. Es hora de Sincerarnos y poner las cosas claras para que todos salgamos ganando.

continued:

SANTO DOMINGO, República Dominicana.- La República Dominicana es un País Pobre Altamente Endeudado si se toma en cuenta en la actualidad el país tiene indicadores 4.38 veces por encima del valor crítico para ser incluido dentro de esa categoría, de acuerdo con un análisis del economista Yván Rodríguez.

Reveló que la deuda del gobierno y del Banco Central alcanza la escandalosa suma de US$32,186.1, algo jamás conocido hasta ahora.

“El valor crítico de 150% determina a los países que entrarían en la Iniciativa de los Países Pobres Altamente Endeudados (HIPC), el cual cuando se mide a través del valor presente neto que la deuda pública externa genera, es decir, el indicador de la carga de la deuda sobre las exportaciones, o sobre la capacidad de generar divisas.

Este indicador en Republica Dominicana es de 656%, 4.38 veces superior al valor critico, por lo que calificamos como un país dentro de la HIPC”, dice el documento remitido a Acento.com.do.

continued:

read on:


acento.com.do/index.php/news/21558/56/El-sistema-de-pagos-de-Republica-Dominicana-esta-en-riesgo-dice-experto.html

Dr. Dread I would love for you to review Dr. Rodriguez documentation and explain it to us (or at least me) in lay persons terms, if it is not too much trouble.

Josean, your ability to read spanish fluently, and your native intelligence, will do a better job than i can. the gist of the statement is that the country is severely indebted, and that the problem is most acute in the area pertaining to the ability to repay the debt. i used to tell sabelotodo that he should not rejoice over the economic distress of Jamaica, because the conditions here are not much better. i guess i was right. just like i said, 6 months ago, that we were going to need a new standby arrangement with the IMF, and all i did was to take incoming. well, i was right on that one, too. i hate to say "i told you so", but what's a guy to do?

Do you by any chance have Sabelotodo’s home address so I could send him his a PURPLE T-Shirt with the phrase “Highly Indebted Poor Country (HIPC)” embossed in Yellow!

he would refuse delivery , and tell you that the economists, and the IMF are wrong, and he is right.

Pay no attention to the two socialista whiners and complainers and do as they tell you and not to worry your Uncle will take care of the rest

That's right, stick your heads in the sand or like in dreankiller’s case in his hairy rectum!

"Alvarez Bogaert says deficit is RD$101 billion"


"Economist Fernando Alvarez Bogaert said yesterday, Sunday 16 September that the nation's deficit is closer to RD$101 billion than the RD$96 billion being quoted by businesspeople and independent economists."

"He said that in the last five years the government has accumulated a deficit of around RD$350 billion."

Now this MIND Boggling:

He added that the DOMINICAN GOVERNMENT PAYROLL is GREATER than the payroll of the REPUBLIC OF COLOMBIA (population 46 million: area 1.1 million km2).


DR1

101 Billion ?....a mere bag of shells dear josean a mere bag of shells

Especially for thr 1%!