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Erik Offerdal. File photo.
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SANTO DOMINGO.- The International Monetary Fund’s resident representative  in the country said yesterday the organism doesn’t have a mandate to get involved in the constitutionality of the loan with the company Sun Land because it’s a topic of the local legal system.

Erik Offerdal also said the IMF directory didn’t make an indication on whether the Government would have to extend this loan or not, as the agency EFE said in a cable citing an unnamed source, quoted by the newspaper Diario Libre.

Meanwhile, the Dominican representative to the IMF, Ruddy Santana, said the affirmations on the entity’s position regarding the contract with the company Sun Land which the Government cancelled are false.

He said contrary to the opposition repeated by the PRD party, was not neither violation to the contractual limits of the foreign debt in the last two years, since the construction contract was with a Dominican company.

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COMMENTS
7 comment(s)
Written by: josean, 8 Feb 2008 7:45 AM
From: United States
Liars protecting liars!
Written by: Belial, 8 Feb 2008 12:19 PM
From: United States, Texas
This operation is a partisan political and electoral smear from the presumptuous and arrogant IMF against Leonel during a hotly-contested race for re-election.

The PRD and the IMF resident representative Erik Offerdal are plotting and campaigning together, arm in arm and hand in hand.

The IMF representative does opposition research in the financial field for the PRD presidential candidate who promises to follow IMF orders to the letter, crossing T's and dotting I's, if elected.

Even the Gustavo Cisneros, reactionary billionaire reclining in the sun on the south coast, reports that the IMF is lying by dirty and underhanded insinuations about the investment climate in the DR. As always, all that the IMF wants is a bigger cut of the national income to go to foreign debt payment at the expense of wages, health care, education, nutrition, housing, and pensions.
Written by: Perception, 8 Feb 2008 2:00 PM
From: United States
If this is going to be the best administration money can buy,
“Your fire”.

1996- DR International National DEBT US$6.5 B
2007- DR International National DEBT US$22.4 B (11 yrs later)

If you liquidate DR’S assets, your lucky to get US$8 B on infrastructure. All this borrowed money flew the island long time ago, and I don’t see many Dominicans willing to pay for it.

Who to blame? Leonels administrations in co juts with the Private sector.
Written by: Juansantodomingo, 8 Feb 2008 4:40 PM
From: Dominican Republic
These IMF reps simply don't give a damn what happens to the money after it's lent. They have no problem coming back and lending more. After all they don't care how long the population has to be milked in order to pay back the loan. Keep us poor and uneducated that appears to be their objective. If we don't have money for schools and hospitals because they have to be paid back, all the better. When you live on borrowed money that you cannot ever pay back, you are living on borrowed time. This applied to persons as well as to countries. Bananas, who will buy my bananas? You sir, bananas? How quaint we are.
Written by: Perception, 8 Feb 2008 5:00 PM
From: United States
“You can get some juice form squeezing an orange twice, but not `a third time“.

Review the numbers, and you tell me !!
Written by: JRRubirosa, 10 Feb 2008 11:26 AM
From: United States, Port Washington, LI (New York)

Perception: You can get good morale and discipline in your genes twice, first when you born and second when you are raise by good family values and discipline.

But you can never get the bad behavior out from somebody like you..........
Written by: Perception, 11 Feb 2008 12:52 AM
From: United States
Your fire”.
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