IMF is considering to extend agreement RD

International Monetary Fund (IMF) is considering to extend by six months the agreement Stand by signed with Dominican Republic, although to date, still there a precise date of arrival to the country of the technical mission that negotiated the Pact signed in 2009 for a period of 28 months.

David Hawley, Deputy director of the IMF external relations department, said yesterday that the Fund continues to maintain a close dialogue with the authorities of Dominican Republic, via Internet Conference with journalists from several Nations.

"To work on technical issues and overall we are exploring the possibilities of extending the program for six months, for example," said Hawley from the headquarters of the multilateral in Washington.

Also pointed out that still no date for the next mission, in responding to a question about the course that follows the negotiations of the agreement Stand by and the u000aspecific date of the arrival of technicians of the Agency in the country.

The IMF, as a form of rapprochement with the Member countries, offers press with a great regularity. Yesterday Hawley told the 10: 30 in the morning local time through instant translation in the language Spanish.

Dominican Republic in 2009 signed a Pact of type Stand by with the IMF, for a total amount of US$ 1,740 million within a period of 28 months (500% of its quota) and the date are pending the seventh and eighth revisions.

Report
just before the end of the year 2011 Hawley had revealed that the Agency was waiting for the authorities to carry out revisions pending.

Various sectors of the country, including authorities reject the demands of the IMF to make transparent the electricity tariff in relation to its actual price, implying increases of up to 18% taking into account the current price of fuel and u000athose of the actual fare with the applied

To date, the IMF has disbursed $1,218.4 billion country.

Every two weeks the IMF organizes press conferences virtual.

The IMF spokesman answered questions journalists from other Nations and said in relation to Ukraine yesterday Lagarde met with the Prime Minister in order to discuss recent economic developments and spoke of policies, necessary reforms for sustainable growth and agreed to continue dialogue with technical teams. In response to the message that would give emerging countries to prevent infection with the euro zone, Hawley said that the priority is to ensure a soft landing to the interior and it is desirable that there are strains in monetary policies and a reduction of inflationary tensions to avoid sobrecalientamientos. Safeguards are also needed and increase social expenditure, with low inflations. However pointed out that the u000amargin of maneuver is much more limited in economies with inflation and a high debt, and therefore must be very careful.

Hawley reported that the Agency will provide a press conference which will be broadcast on the web about the prospects for Greece. Spoke of Ukraine, Greece and Spain, among other Nations Member.

Journalists from Spanish-speaking, simultaneous interpretation service participated in interviews and sent questions directly to the speaker of the IMF. The Fund has a press centre where journalists from around the world can be accessed by subscribing and identifying the means for which working, among other requirements.

This via the Agency facilitates documentation and material on individual countries, including information seized.

during the last revision corresponding to the fifth and sixth, the Deputy Manager of the Agency Nemak Shafik said that the "conditions" u000a"macroeconomic in the Dominican Republic remain favorable, and policies under the program supported by the Fund have contributed to maintaining stability".

LAGARDE IRÁ A Tunisia
IMF, David Hawley, spokesman said at the start of the Conference the Director Manager, Christine Lagarde, will now go up 29 to the Davos Forum and that then will be the Summit of European Union 30 this month. Next week Lagarde will go to Tunisia, North of the Mediterranean coast of Africa (1 and 2 February), and the 3 and 4 will go to Saudi Arabia, on his first trip to the Middle East.

Reviews periodical
the country holds annual periodic reviews with the International Monetary Fund since 1945.

The last revision
in September 2011, the Government, after the closure of the fourth and fifth revisions to the agreement Stand by, estimated that it would conclude the seventh and eighth with IMF assessments.

u000aPeriodicity of meeting
every fifteen days
International Monetary Fund (IMF) maintains a biweekly meeting with journalists from around the world, credited to the Agency.

Translation instant answers in English and Spanish

as a form of approach of the IMF with the media of the main regions, its executives give lectures.

Advises Lagarde
LAGARDE today in Forum of DAVOS agenda
David Hawley starts informing the agenda of the IMF, Chistine Lagarde, Managing Director who now attends the Davos Forum.

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