Dominican Republic; First Review Under the Stand-By Arrangement, Requests for Waivers of Applicability and Modification of Performance Criteriaâ€”Staff Report; Staff Supplement; Informational Annex; Press Release on the Executive Board Discussion.

A 28-month Stand-By Arrangement (SBA) for the Dominican Republic was introduced against the global recession. The main objective of the program is to limit the procyclicality of policies. The countercyclical macroeconomic program improved confidence and fostered aggregate demand. Monetary policy remained accommodative with a record low policy rate. Fiscal policy became countercyclical. All structural benchmarks were observed. IMF staff supports the waiver requests and the completion of the first SBA review given the proposed actions and satisfactory performance.

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Year of publication:	2011-03-22
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic growth \| Economic indicators \| Economic recovery \| Electric power \| Fiscal reforms \| Performance criteria modifications \| Poverty reduction \| Staff Reports \| Stand-by arrangement reviews \| central bank \| debt \| public debt \| interest \| external debt \| payments \| expenditures \| fiscal policy \| current account \| liabilities \| balance of payments \| external public debt \| loans \| tax exemptions \| debt service \| collections \| debt management \| tax revenues \| obligations \| reserve accumulation \| current account deficit \| external financing \| domestic debt \| public external debt \| sovereign bond \| bond market \| debt rescheduling \| creditor \| debt contracts \| domestic currency \| borrowing costs \| debt reporting system \| bond issuance \| external disbursements \| debt forgiveness \| sovereign bonds \| domestic financing \| debt reporting \| bond markets \| debt flows \| public finances \| private external debt \| tax collection \| solvency \| external debt service \| long-term debt \| deficits \| taxes \| external liabilities \| debt contract \| budgetary resources \| debt amortization \| current account balance \| external obligations \| public sector debt \| domestic financial market \| bank loans \| private banks \| stock of debt \| short-term debt

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/70 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242921