Business seeks greater flexibility the IMF

The dome of the business community organized in the National Council of the private enterprise (Conep), calls for the extension of the agreement with the International Monetary Fund (IMF) and the multilateral financial institution flexibilice its position to reach a consensus, because in an external context such as this country has shown that it has made efforts to comply with what has been agreed.

"Believe that the International Monetary Fund must understand the Dominican reality and find that in a world where countries with much larger than Dominican Republic significant deficits, have a country that is willing to work, has given signals that has fulfilled its agreements with the IMF." "Between the two should seek a consensus that allows to follow with this stability that we have," said Manuel Diez Cabral, President of Conep, at Christmas lunch offered to the press on the restaurant Taboo Bamboo.

Understands that made commitments must meet them, and that "whole thing" u000a"to do that you end happily, it suits Dominican Republic".

Also believed that the country has to change its policy of borrowing and channel for a change of the economic model in 2012, to turn the country into a large exporter.

Ten Cabral recalled that the first proposal of entrepreneurship was the extension of the agreement with the Fund to ease certain parameters and avoid the tax reform which became. He believes that it is not necessary that a new agreement with the IMF should be precautionary.

In the same way, recalled that the country has assumed settings that have not had done in the past, as for example the electricity tariff increase on two occasions this year. Assumes that it is important to do so within a framework of stability to make the change of model

Balance to the 2011
ten Cabral, spending balance of 2011, said that it has been a year at an external level has been very difficult, by rising prices of the u000a"commodities", which pushed the fuel, oil and raw materials, though within that context maintained macroeconomic stability, the agreement with the IMF, and "thanks God not entered in an internal crisis of a higher nature and believe that it is one of the great achievements of Dominican Republic".

However, ensures that competitive task is pending, because the microeconomic side is going through difficult times. Remember that everyone who has a full or an industry knows how difficult it has been, especially with the rates of interest.

Ten Cabral noted that there are people willing to make the country a large exporter, but you need to create the conditions, "because if 20% has achieved it in a difficult situation, imagine what you could achieve if hiciérámos the minor adjustments in the labour costs in the field of education and the issue of institutionalization, imagine the potential that we have".

u000a( )
LOS entrepreneurs talk of elections
transparency
business aspires to a process of transparency in the upcoming elections and this is another example of democracy. In this regard, talked about Manuel Diez Cabral, Ligia Bonetti's brave and Pedro Pérez. Ten Cabral said that without ignore the main economic challenge of the country is to go the elections with a transparent process, because economic agents will be on alert and waiting for that to happen.

He argued that everything appears that the contest will be closed and that the biggest challenge is to make this work because it is what gives stability to the operator, continue with the theme of institutionality, and send signals that the laws are being met, such as that of ProIndustria.

Stressed that everything can be achieved together. Valiente Bonetti said is expected that the next Government will assume policies to promote exports, formal employment and that it is wise to u000aspending. He said that the main thing will be that all the problems of the JCE are resolved and there is transparency and tranquility.

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