Dominican Republic: Second and Third Reviews Under the Stand-By Arrangement and Request for Waivers of Applicability—Staff Report; Staff Supplement; Informational Annex; Press Release on the Executive Board Discussion

International Monetary Fund

No 2011/071, IMF Staff Country Reports from International Monetary Fund

Abstract: In this study, against the background of deteriorating external conditions owing to the global crisis, a 28-month Stand-By Arrangement (SBA) for the Dominican Republic is reviewed. The objective is to limit the procyclicality of policies in the short term. The macroeconomic situation has improved significantly. All performance criteria and structural benchmarks were observed. IMF staff supports completion of the second and third SBA reviews and the targets proposed for 2011 in view of the positive macroeconomic performance. Additional measures have been introduced to meet program targets.

Keywords: ISCR; CR; request for waivers of applicability; waiver; request; applicability; shrinking output gap; Dominican authorities; public sector arrears; electricity company; Public sector; Electricity; Basel Core Principles; Global (search for similar items in EconPapers)
Pages: 94
Date: 2011-03-22
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