Dominican Republic surpasses 1st half goals agreed with the IMF
Dominicantoday.com, Santo Domingo, July 31 st 2007
The Dominican Government said that so far this year it has met and exceeded all the quantitative goals agreed with the International Monetary Fund (IMF).
In a report, the Central Bank said the prudent handling of the monetary and fiscal authorities and the commitment to maintaining the macroeconomic stability entailed the compliance "with comfort" of all the quantitative performance criteria. It said in the first half the balance of the non-financial public sector reached a RD$13.65 billion surplus, including the deposits from Verizon, with which it surpassed the RD$7.60 billion goal.
The Government had the commitment to transfer RD$2.90 billion to the Central Bank in the first half, though it surpassed that figure and provided RD$2.94 billion to lower the quasi-fiscal deficit.
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