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Santiago.– A new agreement between the country and the International Monetary Fund (IMF) would be convenient because it would bring more control over public expenditures, said the president of the Dominican Revolutionary Party (PRD), Miguel Vargas Maldonado.
Vargas the agreement should oblige the government to become more austere in its running expenditures "in order to free up resources that will permit it to increase social investments and put more money into infrastructure.
The PRD head also pointed out that the accord would contribute to free up the disbursement from the Inter-American Development Bank (IDB) and the World Bank, with which there would be no need to issue the new emission for US$1.0 billion in sovereign bonds.
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COMMENTS
4 comment(s)
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From: United States, An appeaser is one who feeds a crocodile, hoping it will eat him last.
se le estan saliendo las baba esperando su turno al bate. estoy seguro que si este llega a batear va a romper record
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From: United States
Coming from one of the most corrupt guys in government!
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From: Dominican Republic
I don't support Vargas, however, the idea is a good one. Someone needs to control the overspending and thievey that the President is allowing. Vargas, however, is just afraid that without someone watching the gov't wastefullness, some of that waste will be used to buy the next election and deny the PRD their chance to rob us blind.
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From: United States, NY/NJ
Juanb on the contrary when you properly learn what this does in the long term its basically putting another nail in the coffin for us. This is a debt that we will never be able to pay back, the interest alone is more than half of the debt (55.3% to be exact). More money for public expenditures that 90% will be stuffed in the politicians pockets and the other 10% will be allocated to something useless like a new art museum.
