CENTRAL BANK IMF

Newspaper: Diario Libre.

Web page: http://diariolibre.com/app/article.aspx?id=114760


July 29th, 2007, 10:19 p.m.

Banco Central (BC) (Central Bank) says that all the goals were fulfilled with the IMF.


Santo Domingo. The Government informed that throughout this year it has fulfilled and exceeded all the quantitative goals decided with the International Monetary Fund (IMF). A report given by the Banco Central (BC) (Central Bank), indicates that the prudent handling of the monetary and fiscal authorities, and the commitment with the maintenance of the macroeconomic stability helped in the fulfillment “with comfort” of all the quantitative criteria of performance.


It adds that during the period January-June 2007 the balance of the non-finance public sector reached a surplus of DR$13,653 million pesos, including the deposits of Verizon, with which surpassed the goal of DR$7,600 million pesos.


In the first semester, the Government had the commitment to transfer to the Banco Central (Central Bank) DR$2,900 million pesos, but it surpassed the amount and it gave DR$2,945 million pesos to reduce the quasi-fiscal deficit.

Freddy Miranda,
Translated by Orlando Alcántara