Santo Domingo.- President Danilo Medina announced Tuesday that an International Monetary Fund (IMF) delegation will arrive in the country next week to start negotiations on a new financial agreement.
"We will begin to negotiate an agreement with the International Monetary Fund to the extent that it widens the information they have and what we have, and when we interchange it then we'll see what kind of deal we are going to do," Medina said.
As to the tax reform the chief executive said that it may take some time, but noted the ideal is to achieve the pact before preparing next year’s budget, "because it shouldn’t be delayed too long."
On the energy sector’s problems Medina said he’s working on solutions at depth, not palliative.
Regarding the possibility of a supplementary budget to deal with the lack of funds in government agencies, he said it hasn’t been contemplated.
Written by: josean, 5 Sep 2012 7:52 AM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016
What a surprise the IMF is coming to spank the government!
Nothing new from Medina, just old vague rhetoric like his master's
From: Falkland Islands (Islas Malvinas), The Dentist will see you now
Yes sir,no sir ,three bags full sir
From: Dominican Republic, La Romana
The International Mafia Fund wants to get a finger in. And if you give them a finger, they will take the whole country. Keep the IMF out of the country, they will only raise taxes, electricity bills, and other utility bills, and give back empty promesses! Look at the row of third world countries the Fund has brought to the brink of ruin!
From: United States, NJ
You noticed his statement as:"the ideal is to achieve the pact before preparing next year's budget"
This clearly states they have to wait untill the IMF lends the State more money to proceed with its
programs.
This should not have to be if the State had a strong "internal revenue service" and didn't have to be
at the IMF's mercy.
It seems the IMF serves the same as the IRS in the Bannana Republics.
It also tells you where we are in the competitiveness as stated on the report, behind BOLIVIA,
shame on us !
From: Dominican Republic, La Romana
The IMF forced Haiti to open its market to imported, highly subsidized U.S. rice at the same time it prohibited Haiti from subsidizing its own farmers. A US corporation called Early Rice now sells nearly 50% of the rice consumed in Haiti. Haitian farmers have been forced off their land to seek work in sweatshops, and people are poorer than ever.
From: United States, NJ
GoneNative:
I believe you, since they call the shots in the DR/CAFTA and DR is not diferent from Haiti in that respect.
Foolish those gvts that signed that treaty,only for the wealthy small fractions of the populations !
From: Dominican Republic, La Romana
Viktor Orban, Hungarian Prime Minister said no to IMF, via Facebook. The member country of the EU, but not partaking in the Euro, will not accept aid of the IMF and European Union. "For this price, no, on these conditions, no", are the words of mr. Orban.
Goes to show that it is possible to refuse the IMF.
From: United States, NJ
Hugary is not a third world country,They have the best Universities & Techological institutes in the
world, So therefore we could not compare them with us plus having over 2 thousand years on us
in every field including the arts and classics. But that is alright since Greece is even older and
see where they are along with Spain,Portugal, Italy. That is what happens when you don't read the
fine prints.They forgot the cost of living and salary inctrease with the EURO ,from a nation super
developed such as Germany. No wonder UK & Norway are not part of the package since they
saw the writing on the wall.
From: Dominican Republic, La Romana
Mr. Rancier, The point of my remarks is not a comparison between two countries. The point is, it is possible to go against the super bank IMF. The examples you quote, Spain, Portugal, Italy, speak for themselves.But also a country like the Netherlands has been brought down by the Euro and its consequences, forgotten as you aptly state. While helping Greece, they have to cut spending as well, and the last government did so by cutting into all things social, social insurance, social help to the ill and the elderly etc. Now the Netherlands is not far behind DR in asking for IMF "support".
If Hungary has the courage to refuse that "support", maybe there is still some hope.
From: United States, NJ
I could see asking for help when it is needed but to make it a habbit as we do is intolerable.No
need to tell you that every country is regulated by its own (IRS) Outside of that they either increase
taxes or cut unecessary expenses.
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What a surprise the IMF is coming to spank the government!
Nothing new from Medina, just old vague rhetoric like his master's
This clearly states they have to wait untill the IMF lends the State more money to proceed with its
programs.
This should not have to be if the State had a strong "internal revenue service" and didn't have to be
at the IMF's mercy.
It seems the IMF serves the same as the IRS in the Bannana Republics.
It also tells you where we are in the competitiveness as stated on the report, behind BOLIVIA,
shame on us !
I believe you, since they call the shots in the DR/CAFTA and DR is not diferent from Haiti in that respect.
Foolish those gvts that signed that treaty,only for the wealthy small fractions of the populations !
Goes to show that it is possible to refuse the IMF.
world, So therefore we could not compare them with us plus having over 2 thousand years on us
in every field including the arts and classics. But that is alright since Greece is even older and
see where they are along with Spain,Portugal, Italy. That is what happens when you don't read the
fine prints.They forgot the cost of living and salary inctrease with the EURO ,from a nation super
developed such as Germany. No wonder UK & Norway are not part of the package since they
saw the writing on the wall.
If Hungary has the courage to refuse that "support", maybe there is still some hope.
need to tell you that every country is regulated by its own (IRS) Outside of that they either increase
taxes or cut unecessary expenses.