IMF agrees $779M for Dominican Republic before the Year End

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hector_valdez_albizu_Central Bank Governor Héctor Valdez today confirmed the International Monetry Fund has approved the Letter of Intent that covers the second and third review of the Stand-by Arrangement signed last November. The Dominican Republic will recive $158M immediately in Special Drawing Rights followed by $779M later in the year.

Mr Valdez also confirmed he expected the Dominican economy to have grown by 7% come year end.

Read 79 times Last modified on Monday, 25 October 2010 22:54
Published in Dominican Republic News Archive
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