Santo Domingo.- No later than March a team from the International Monetary Fund (IMF) would arrive in Dominican Republic to comply with periodic assessments for the economies of its member, as stipulated in the agreement.
According to economist Ruddy Santana however, this time the country has reasons to enter negotiations for a new agreement with the Fund.
The IMF delegation’s visit is as part of agreement are limited to assessing a country’s economy and then present the findings and make recommendations on its website, without the need for any commitment by governments.
Last year the IMF conducted a post-monitoring program on the Dominican economy, after the previous administration let the Standby agreement expire early in 2012.
Among its key recommendations disclosed October 9, 2013 the IMF lauded the government’s efforts to restore macroeconomic stability, including work to raise income and spending cuts to reduce the fiscal deficit.
“I doubt that the government will need to go to the Fund, there are even current developments at the end of 2013 which show that growth will be accomplished in a confortable manner,” Santana said, quoted by listin.com.do.