Santo Domingo.- International Monetary Fund (IMF) mission leader Przemek Gajdeczka on Tuesday said Dominican Republic’s most important challenges are the fiscal imbalance and the plight of its electricity sector.

He said the mission’s conclusion stems from the information gathered during 10 days of meetings with government and Central Bank officials, and civil society representatives, who held discussions and provided cooperation.

The credit agency representative spoke in a press conference in the National Palace after members of the IMF delegation to met for an hour with president Danilo Medina, and a commission of the government's economic team to share some observations and findings on the country’s economic situation.

Gajdeczka stressed that the country's situation "isn’t easy" and will take to Washington the information gathered during their visit, to "prepare its recommendations and findings to improve the understanding of the current situation and work together with the Dominican authorities in the redesign of macroeconomic policies. "

 Pact will take some time

When asked whether the fiscal situation found would merit an urgent agreement between the Government and the IMF, Gajdeczka noted that they first have to analyze the situation and discuss the findings with the authorities, for which the delegation will return in November and the IMF Board will discuss what’s agreed between both parties in January 2013, so that "it will take a little longer."