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IMF advises the President on the State of the economy

posted on: Nov 15 2012 14:1 by RDugey. Viewed 2806 times.

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The Mission of the International Monetary Fund, which has been in the country since a week ago, yesterday gave a report to President Danilo Medina concerning the State of the national economy.

Occurred during a meeting which lasted for more than one hour at the National Palace, where President Medina and representatives of the IMF, headed by the Chief of mission, Przemek Gajdeczka, addressed outstanding issues related to the eventual signing of an agreement between the Dominican State and that international agency.

After the meeting, the Governor of the Central Bank, Héctor Valdez Albizu, explained to the members of the IMF made an accountability to the head of the State related to all the work you have been doing during their stay in the country.

Explained that the report fi nal will be published in a statement, as it is customary, and that it will be sent once the Government is ready.

"A report surrendered you to the" President of all aspects that have to do with the development of the Dominican economy; the recommendations be made subsequently.

"

Now, they what they are saying is what they have found", said Valdez Albizu.

Said that the IMF found that everyone knows about the fi scal situation. He indicated that they were measuring the effects of reform and expenditure adjustments and "they understand as well as the Government, that is to say, must be corrected it".

The IMF and Government
talks with the IMF were initiated at the request of President Danilo Medina, after assuming the Presidency of the Republic, in its interest in obtaining technical support and fi nancial to circumvent the situation of defi cit that flows through the economy, and which allow progress with the agenda of structural reforms has referred in its Government programmeas well as lay the foundations to consolidate the macroeconomic achievements made by the country.

The meeting with IMF mission occurred few hours that Dominican President traveled yesterday to Cadiz, Spain, to participate in the XXII Ibero-American Summit of Heads of State and Government, where will also hold bilateral meetings with other heads of State and Government in search of the necessary support to achieve specific goals for their management.

The meeting, the President was accompanied by the Minister of the Presidency, Gustavo Montalvo, and with part of the economic team of the Government, including the Ministers of economy, planning cation and development, Temístocles Montás and Hacienda, Simón Lizardo Mézquita; as well as the Governor of the Central Bank, Héctor Valdez Albizu and the director-general of budget, Luis Reyes.

The Mission of the
Fund

officials of the IMF who met with the head of State are Francisco Grigoli, Sarwart Jahan, Andrew Swiston, Jesús González García and Mario Dehesa .

Of the IMF mission visited the country last September for a lifting of the information with which prepared a diagnosis of the Dominican economy, which serve as base for the defi nition of the possibilities, guidelines and outlines of an agreement.



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